| Market Capitalization (Millions $) |
2,655 |
| Shares
Outstanding (Millions) |
41 |
| Employees |
1,374 |
| Revenues (TTM) (Millions $) |
411 |
| Net Income (TTM) (Millions $) |
133 |
| Cash Flow (TTM) (Millions $) |
-113 |
| Capital Exp. (TTM) (Millions $) |
6 |
Business Description
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: 205 SE Broad St., Southern Pines 28387 NC
Company Phone Number: 246-2500 Stock Exchange / Ticker: NASDAQ FBNC
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