First Bancorp Balance Sheet Health

Financial Health criteria checks 6/6

First Bancorp has total assets of $12.1B and total equity of $1.4B. Total deposits are $10.0B, and total loans are $8.0B. It earns a Net Interest Margin of 3.1%. It has sufficient allowance for bad loans, which are currently at 0.5% of total loans. Cash and short-term investments are $238.2M.

Key information

8.8x

Asset to equity ratio

3.1%

Net interest margin

Total deposits	US$10.03b
Loan to deposit ratio	Appropriate
Bad loans	0.5%
Allowance for bad loans	Sufficient
Current ratio	Low
Cash & equivalents	US$238.15m

Recent financial health updates

No updates

Recent updates

We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Mar 01

First Bancorp declares $0.22 dividend

Sep 15

First Bancorp upgraded to Overweight at Piper after YTD underperformance

Aug 18

First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To US$0.22

Feb 10

Here's Why I Think First Bancorp (NASDAQ:FBNC) Might Deserve Your Attention Today

Dec 28

I Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Aug 11

First Bancorp declares $0.20 dividend

Jun 15

First Bancorp (NASDAQ:FBNC) Has Gifted Shareholders With A Fantastic 172% Total Return On Their Investment

Mar 11

Don't Ignore The Fact That This Insider Just Sold Some Shares In First Bancorp (NASDAQ:FBNC)

Feb 13

Should First Bancorp (NASDAQ:FBNC) Be Part Of Your Dividend Portfolio?

Feb 05

Here's What First Bancorp's (NASDAQ:FBNC) Shareholder Ownership Structure Looks Like

Jan 08

First Bancorp declares $0.18 dividend

Dec 15

The Director of First Bancorp (NASDAQ:FBNC), Suzanne DeFerie, Just Sold 25% Of Their Holding

Dec 13

How Much Is First Bancorp (NASDAQ:FBNC) CEO Getting Paid?

Dec 10

Does First Bancorp's (NASDAQ:FBNC) Share Price Gain of 72% Match Its Business Performance?

Nov 19

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: FBNC's Assets to Equity ratio (8.8x) is low.

Allowance for Bad Loans: FBNC has a sufficient allowance for bad loans (250%).

Low Risk Liabilities: 93% of FBNC's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBNC has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: FBNC's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: FBNC has an appropriate level of bad loans (0.5%).

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First Bancorp Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

First Bancorp, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.22 per share

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

Fourth quarter dividend of US$0.22 announced

First Bancorp Declares Cash Dividend, Payable on April 25, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

New minor risk - Profit margin trend

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 7.6% to US$37.13

Upcoming dividend of US$0.22 per share at 2.4% yield

First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22

First Bancorp Declares Cash Dividend, Payable on January 25, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share at 3.2% yield

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

First Bancorp Declares Cash Dividend on Its Common Stock, Payable on October 25, 2023

Insider recently sold US$1.8m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.4% to US$36.65

Upcoming dividend of US$0.22 per share at 2.7% yield

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

First Bancorp Declares Cash Dividend, Payable on July 25, 2023

Investor sentiment improves as stock rises 17%

Consensus EPS estimates fall by 17%

Price target decreased by 9.4% to US$40.55

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.22 per share at 2.5% yield

First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.22 per share

First Bancorp Announces Cash Dividend, Payable on January 25, 2023

Price target increased to US$50.00

Price target increased to US$50.00

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share

First Bancorp Declares Cash Dividend, Payable on October 25, 2022

First Bancorp declares $0.22 dividend

First Bancorp upgraded to Overweight at Piper after YTD underperformance

Second quarter 2022 earnings: EPS exceeds analyst expectations

First Bancorp (NasdaqGS:FBNC) entered in a definitive merger agreement to acquire GrandSouth Bancorporation (OTCPK:GRRB) for approximately $160 million.

Upcoming dividend of US$0.22 per share

First Bancorp Announces Cash Dividend, Payable on July 25, 2022

Chairman & CEO recently bought US$100k worth of stock

First quarter 2022 earnings: Revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To US$0.22

First Bancorp (NasdaqGS:FBNC) announces an Equity Buyback for $40 million worth of its shares.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why I Think First Bancorp (NASDAQ:FBNC) Might Deserve Your Attention Today

Upcoming dividend of US$0.20 per share

Insider recently bought US$99k worth of stock

Third quarter 2021 earnings released: EPS US$0.97 (vs US$0.81 in 3Q 2020)

Upcoming dividend of US$0.20 per share

I Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Second quarter 2021 earnings released: EPS US$1.03 (vs US$0.56 in 2Q 2020)

Upcoming dividend of US$0.20 per share

CEO & Director recently bought US$102k worth of stock

First Bancorp declares $0.20 dividend

First Bancorp (NasdaqGS:FBNC) entered into a definitive merger agreement to acquire Select Bancorp, Inc. (NasdaqGM:SLCT) for approximately $310 million.

Consensus forecasts updated

Price target increased to US$49.20

First quarter 2021 earnings released: EPS US$0.99 (vs US$0.62 in 1Q 2020)

Price target increased to US$43.30

Upcoming Dividend of US$0.20 Per Share

First Bancorp Announces Cash Dividend, Payable on April 25, 2021

Investor sentiment improved over the past week

First Bancorp (NASDAQ:FBNC) Has Gifted Shareholders With A Fantastic 172% Total Return On Their Investment

New 90-day high: US$42.73

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS US$2.81 (vs US$3.10 in FY 2019)