FBNC Stock Overview
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina.
First Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$36.44|
|52 Week High||US$50.92|
|52 Week Low||US$35.50|
|1 Month Change||-9.82%|
|3 Month Change||-18.53%|
|1 Year Change||-19.72%|
|3 Year Change||0.27%|
|5 Year Change||28.36%|
|Change since IPO||1,236.13%|
Recent News & Updates
First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To US$0.22
The board of First Bancorp ( NASDAQ:FBNC ) has announced that it will be increasing its dividend on the 25th of April...
|FBNC||US Banks||US Market|
Return vs Industry: FBNC underperformed the US Banks industry which returned -18.6% over the past year.
Return vs Market: FBNC underperformed the US Market which returned -12.7% over the past year.
|FBNC Average Weekly Movement||4.7%|
|Banks Industry Average Movement||4.0%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.0%|
Stable Share Price: FBNC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FBNC's weekly volatility (5%) has been stable over the past year.
About the Company
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services.
First Bancorp Fundamentals Summary
|FBNC fundamental statistics|
Is FBNC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FBNC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.83|
|Net Profit Margin||31.39%|
How did FBNC perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
Is First Bancorp undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FBNC ($36.44) is trading below our estimate of fair value ($120.72)
Significantly Below Fair Value: FBNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FBNC is poor value based on its PE Ratio (12.9x) compared to the US Banks industry average (9.6x).
PE vs Market: FBNC is good value based on its PE Ratio (12.9x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: FBNC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: FBNC's PB Ratio (1.2x) is in line with the US Banks industry average.
How is First Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FBNC's forecast earnings growth (14.1% per year) is above the savings rate (1.9%).
Earnings vs Market: FBNC's earnings (14.1% per year) are forecast to grow faster than the US market (12.5% per year).
High Growth Earnings: FBNC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FBNC's revenue (8.4% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: FBNC's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FBNC's Return on Equity is forecast to be low in 3 years time (13%).
How has First Bancorp performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBNC has high quality earnings.
Growing Profit Margin: FBNC's current net profit margins (31.4%) are lower than last year (32.9%).
Past Earnings Growth Analysis
Earnings Trend: FBNC's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: FBNC's earnings growth over the past year (10.9%) is below its 5-year average (16.3% per year).
Earnings vs Industry: FBNC earnings growth over the past year (10.9%) underperformed the Banks industry 20.9%.
Return on Equity
High ROE: FBNC's Return on Equity (9.1%) is considered low.
How is First Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FBNC's Assets to Equity ratio (9.5x) is low.
Allowance for Bad Loans: FBNC has a sufficient allowance for bad loans (178%).
Low Risk Liabilities: 98% 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 (56%).
Low Risk Deposits: FBNC's Loans to Deposits ratio (64%) is appropriate.
Level of Bad Loans: FBNC has an appropriate level of bad loans (0.8%).
What is First Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBNC's dividend (2.41%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: FBNC's dividend (2.41%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Stability and Growth of Payments
Stable Dividend: FBNC's dividends per share have been stable in the past 10 years.
Growing Dividend: FBNC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25.7%), FBNC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FBNC's dividends in 3 years are forecast to be well covered by earnings (20.8% payout ratio).
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Moore (60 yo)
Mr. Richard Hancock Moore has been the Chief Executive Officer of First BanCorp since June 11, 2012. Mr. Moore served as Treasurer of First Bancorp. He served as the Chief Executive Officer of First Bank s...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.49M) is below average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Richard's compensation has increased by more than 20% in the past year.
Experienced Management: FBNC's management team is considered experienced (3.4 years average tenure).
Experienced Board: FBNC's board of directors are considered experienced (9.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FBNC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.1%.
First Bancorp's employee growth, exchange listings and data sources
- Name: First Bancorp
- Ticker: FBNC
- Exchange: NasdaqGS
- Founded: 1934
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.299b
- Shares outstanding: 35.64m
- Website: https://localfirstbank.com
Number of Employees
- First Bancorp
- 300 SW Broad Street
- Southern Pines
- North Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/20 00:00|
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 here.