First Bancorp

NasdaqGS:FBNC Stock Report

Market Cap: US$1.7b

First Bancorp Past Earnings Performance

Past criteria checks 2/6

First Bancorp has been growing earnings at an average annual rate of 3.4%, while the Banks industry saw earnings growing at 5.2% annually. Revenues have been growing at an average rate of 7.7% per year. First Bancorp's return on equity is 5.8%, and it has net margins of 25%.

Key information

3.45%

Earnings growth rate

-5.02%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate7.66%
Return on equity5.79%
Net Margin25.02%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To $0.23

Jun 19
First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To $0.23

First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22

Mar 17
First Bancorp (NASDAQ:FBNC) Has Announced A Dividend Of $0.22

First Bancorp: Earnings To Grow But Stock Appears Overvalued

Dec 19

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

Jun 18
First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22

Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This Year

Apr 26
Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This Year

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

Mar 18
First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

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

Dec 21
First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22

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

Sep 19
First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

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

Jun 20
First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

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

Mar 19
First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22

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

Mar 01
We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

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

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

Dec 28
Here's Why I Think First Bancorp (NASDAQ:FBNC) Might Deserve Your Attention Today

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

Aug 11
I Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease

Revenue & Expenses Breakdown

How First Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:FBNC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 25347871640
31 Dec 24334761640
30 Sep 243631021630
30 Jun 243801131630
31 Mar 243841131650
31 Dec 233861031650
30 Sep 233851121650
30 Jun 233791201520
31 Mar 233741271470
31 Dec 223701461400
30 Sep 223581181380
30 Jun 223391081350
31 Mar 223221011280
31 Dec 21305951220
30 Sep 212991081190
30 Jun 212941041200
31 Mar 21277911190
31 Dec 20264811190
30 Sep 20259781180
30 Jun 20259801160
31 Mar 20270871160
31 Dec 19273921150
30 Sep 19273951130
30 Jun 19269921130
31 Mar 19267911110
31 Dec 18270891110
30 Sep 18269801120
30 Jun 18255711080
31 Mar 18239591060
31 Dec 1721346990
30 Sep 1718840900
30 Jun 1717632860
31 Mar 1716228800
31 Dec 1615327760
30 Sep 1615026730
30 Jun 1614428710
31 Mar 1614026700
31 Dec 1514026700
30 Sep 1513727670
30 Jun 1513725670
31 Mar 1513825660
31 Dec 1413624680
30 Sep 1413523680
30 Jun 1413423670

Quality Earnings: FBNC has high quality earnings.

Growing Profit Margin: FBNC's current net profit margins (25%) are lower than last year (29.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FBNC's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: FBNC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FBNC had negative earnings growth (-23.4%) over the past year, making it difficult to compare to the Banks industry average (5.4%).

Return on Equity

High ROE: FBNC's Return on Equity (5.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/22 09:05
End of Day Share Price 2025/06/20 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Bancorp is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul MillerFBR Capital Markets & Co.
Christopher MarinacJanney Montgomery Scott LLC
Christopher McGrattyKeefe, Bruyette, & Woods