First BancorpFF

First Bancorp

40.52USDR
+0.16+0.40%
At close at Mar 21, 22:15 GMT
USD
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FBNC fundamentals

Key facts

Market capitalization‪1.68 B‬USD
Founded1983
Employees (FY)‪1.37 K‬
CEORichard Hancock Moore
About

First Bancorp (North Carolina) operates as a bank holding company, which engages in banking activities, with the acceptance of deposits and the making of loans. It provides a range of deposit products such as checking, savings, NOW, and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts. The company's offerings include credit cards, debit cards, letters of credit, safe deposit box rentals, bank money orders and electronic funds transfer services, including wire transfers. It also offers loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. The company was founded on December 8, 1983 and is headquartered in Southern Pines, NC.

Ownership
‪‪41.36 M‬‬
Free Float shares
‪‪39.89 M‬‬ (96.46%)
Closely held shares
‪‪1.47 M‬‬ (3.54%)
Free Float shares
‪‪39.89 M‬‬ (96.46%)
Closely held shares
‪‪1.47 M‬‬ (3.54%)
Capital structure
Market cap
‪‪1.68 B‬‬
Debt
‪‪106.43 M‬‬
Cash & equivalents
‪‪78.60 M‬‬
Enterprise value
‪‪1.70 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪1.68 B‬‬
Price to earning ratio (P/E)
21.87x
Price to sales ratio (P/S)
3.11x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
21.87x
Price to sales ratio (P/S)
3.11x
Valuation ratios
‪0.00‬
‪0.90‬
‪1.80‬
‪2.70‬
‪3.60‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪6.00‬
‪12.00‬
‪18.00‬
‪24.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪3%‬
‪8%‬
‪13%‬
‪18%‬
‪23%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪40.00 M‬‬
‪‪80.00 M‬‬
‪‪120.00 M‬‬
‪‪160.00 M‬‬
Total revenue
Net income
Net margin %
Revenue to profit conversion
Total revenue
Int. expense & PCL
Non-int. expense
Op income
Unusual income/ expense
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪30.00 M‬‬
‪‪60.00 M‬‬
‪‪90.00 M‬‬
‪‪120.00 M‬‬
Total revenue
Int. & Non-int. expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪30.00 M‬‬
‪‪60.00 M‬‬
‪‪90.00 M‬‬
‪‪120.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Banking and Related Activities
By country
Period: 2024
United States

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪‪30.00 M‬‬
‪‪60.00 M‬‬
‪‪90.00 M‬‬
‪‪120.00 M‬‬
Actual
Estimate
Earnings
Next:Apr 23, 2025
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪0.20‬
‪0.40‬
‪0.60‬
‪0.80‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
47.68%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
2.18%
Next payment
0.22
Next ex-date
Mar 31, 2025
Dividend history
‪1.50%‬
‪1.75%‬
‪2.00%‬
‪2.25%‬
‪2.50%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.25‬
‪0.50‬
‪0.75‬
‪1.00‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Loans and customer deposits
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪‪−4.00 B‬‬
‪0.00‬
‪‪4.00 B‬‬
‪‪8.00 B‬‬
‪‪12.00 B‬‬
Net loans
Total deposits
Loan loss allowances
Capital adequacy analysis
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪4.50‬
‪9.00‬
‪13.50‬
‪18.00‬
Common equity Tier 1 ratio
Tier 1 capital ratio
Total capital ratio