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First Bancorp  (NASDAQ: FBNC)
Other Ticker:  
 
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial
 
Price: $47.4850 $0.16 0.327%
Day's High: $47.45 Week Perf: -1.75 %
Day's Low: $ 46.75 30 Day Perf: 0.69 %
Volume (M): 67 52 Wk High: $ 50.34
Volume (M$): $ 3,167 52 Wk Avg: $37.33
Open: $47.20 52 Wk Low: $29.53



 Market Capitalization (Millions $) 1,964
 Shares Outstanding (Millions) 41
 Employees -
 Revenues (TTM) (Millions $) 363
 Net Income (TTM) (Millions $) 102
 Cash Flow (TTM) (Millions $) 471
 Capital Exp. (TTM) (Millions $) 3

First Bancorp
First Bancorp (FBNC) is a financial holding company headquartered in Southern Pines, North Carolina, USA. Founded in 1983, the company specializes in providing a wide range of banking services to individuals, small- and medium-sized businesses, and municipalities. It operates through several subsidiaries, including First Bank, First Bank Insurance Services, LLC, First Bank Capital Markets, and First Bank Mortgage.

As of June 2021, First Bancorp has total assets worth over $5 billion, with a portfolio of loans and leases of over $5.5 billion. The company is publicly traded on the NASDAQ stock exchange and has a market capitalization of approximately $1.15 billion.

First Bank, the company's main subsidiary, operates over 100 branches in North Carolina, South Carolina, and Virginia. The bank offers a variety of financial products and services such as personal checking and savings accounts, credit and debit cards, wealth and investment management, and corporate and commercial banking. First Bank Insurance Services, LLC, provides property and casualty insurance, life and health insurance, and employee benefits consulting services to individuals and businesses.

First Bank Capital Markets provides investment banking, securities brokerage, and insurance services to institutional and individual clients. The division is known for providing customized financial solutions to help clients achieve their objectives in areas such as mergers and acquisitions, capital raising, and risk management.

First Bank Mortgage, the company's residential mortgage division, provides a range of home financing options such as conventional and government-backed loans, jumbo loans, and home equity lines of credit. The mortgage unit operates across multiple states in the Southeastern US and has helped thousands of homeowners achieve their homeownership dreams.

Overall, First Bancorp is a well-established and reputable financial institution with a strong presence in the Southeastern US. The company's commitment to personalized customer service, innovative products, and competitive pricing has enabled it to maintain a loyal customer base and achieve consistent financial growth over the years.


   Company Address: 300 SW Broad St., Southern Pines 28387 NC
   Company Phone Number: 246-2500   Stock Exchange / Ticker: NASDAQ FBNC


Customers Net Income fell by FBNC's Customers Net Profit Margin fell to

-25.49 %
13.26 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CCBG      % 
SBCF   -2.68%    
BAC   -0.68%    
LION   -0.14%    
SFST   -2.55%    
• View Complete Report
   



First Bancorp

First Bancorp Sheds Light on Slender Top-Line Reduction in Q1 2024

The Regional Banks company has shown remarkable resilience in the face of challenging times, reaffirming its position as a strong player in the stock market. Despite a decrease in revenue, the company managed to raise its earnings per share, demonstrating its ability to adapt and thrive in evolving market conditions.
In the fiscal first quarter of 2024, the company's income jumped by an impressive 64.86%, reaching $0.61 per share. This growth is particularly significant considering the declining revenue, which fell by -2.727% to $90.97 million compared to the previous year. While this may seem like a setback, it is important to note that the entire Regional Banks sector experienced a 0.14% growth in revenue during the same period. This indicates that the company is outperforming its peers despite the challenges faced by the industry.
First Bancorp

FBNC Delivers Marginal Revenue Increase but Suffers Income Decline in Q4 2023 Earnings Report



First Bancorp (FBNC), a company operating in the Regional Banks sector, recently released its financial results for the period ending December 31, 2023. The report indicates a decline in income, despite a marginal increase in revenue. This article aims to outline the key facts and explore the implications of these financial results for First Bancorp.
Financial Performance Overview
In the fourth quarter of 2023, First Bancorp experienced a revenue increase of 0.156%, reaching $94.08 million. However, this growth was overshadowed by a significant income contraction of -29.09% compared to the same reporting period in the previous year. Earnings per share (EPS) stood at $0.64, representing a decrease of -12.98% from $0.73 per share in the previous reporting period.
First Bancorp

First Bancorp Faces Bottom-Line Reduction Despite Increased Demand in Q3 2023

Interpreting First Bancorp's Financial Results and Stock Performance
As an analyst at the , I have closely analyzed First Bancorp's recent financial results and stock performance. In the September 30, 2023 report, it was disclosed that the company experienced a decline in earnings per share (EPS), despite an increase in revenue. This is an interesting development that calls for closer scrutiny to understand the underlying reasons.
First Bancorp reported a year-over-year revenue growth of 3.132%, reaching $99.88 million compared to $96.85 million in the same period last year. However, income per share dropped significantly by 31.13% to $0.73 per share. Notably, in the fiscal interval ending September 30, 2022, the company reported an income per share of $1.06. This decline in EPS is concerning and warrants further investigation into the factors impacting profitability.
First Bancorp

Contradictory Financial Performance at First Bancorp: Revenue Soars, Earnings Plummet

First Bancorp, a prominent player in the Regional Banks sector, recently released conflicting numbers for the financial time-frame ending June 30, 2023. While revenue experienced a solid increase of 5.025% to $98.86 million compared to $94.13 million in the previous year, earnings per share took a hit, dropping by -25.26% to $0.71 per share from $0.95 in the prior year period.
Interestingly, First Bancorp's revenue growth fell below the average of the Regional Banks sector, which witnessed an 11.47% increase in the corresponding financial reporting period last year. Despite this, First Bancorp managed to grow its revenue by 5.248% from $93.93 million in the previous period. However, income declined by -20.75%, falling to $0.90 per share.






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