First Bancorp Financials

FBNC Stock  USD 44.14  0.65  1.49%   
Based on the analysis of First Bancorp's profitability, liquidity, and operating efficiency, First Bancorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, First Bancorp's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 689.1 M, whereas Other Current Liabilities is projected to grow to (6.2 M). Key indicators impacting First Bancorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.540.48
Moderately Up
Slightly volatile
Current Ratio0.05180.0546
Notably Down
Slightly volatile
The financial analysis of First Bancorp is a critical element in measuring its lifeblood. Investors should not minimize First Bancorp's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

125.74 Million

  
Understanding current and past First Bancorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Bancorp's financial statements are interrelated, with each one affecting the others. For example, an increase in First Bancorp's assets may result in an increase in income on the income statement.
Please note, the presentation of First Bancorp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, First Bancorp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of First Bancorp's management manipulating its earnings.

First Bancorp Stock Summary

First Bancorp competes with Home Bancorp, First Business, LINKBANCORP, Great Southern, and First Northwest. 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 was founded in 1934 and is headquartered in Southern Pines, North Carolina. First Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1179 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3189101062
CUSIP318910106
LocationNorth Carolina; U.S.A
Business Address300 SW Broad
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitelocalfirstbank.com
Phone910 246 2500
CurrencyUSD - US Dollar

First Bancorp Key Financial Ratios

First Bancorp Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets7.3B10.5B10.6B12.1B13.9B14.6B
Other Current Liab1.6M1.3M47.0M(5.7M)(6.6M)(6.2M)
Net Debt(287.6M)(372.6M)36.6M332.8M299.5M314.5M
Retained Earnings478.5M532.9M648.4M716.4M823.9M865.1M
Accounts Payable904K607K2.7M5.7M5.1M5.4M
Cash367.3M461.2M270.3M237.9M273.5M188.4M
Other Assets3.4B3.7B6.9B(263.8M)(303.4M)(288.2M)
Net Receivables20.3M25.9M29.7M37.4M43.0M45.1M
Total Liab6.4B9.3B9.6B10.7B12.4B13.0B
Total Current Assets1.8B3.1B300.0M513.1M590.0M560.5M
Other Current Assets390.0M490.1M300.7M275.2M316.5M300.7M
Short Term Debt3.4M2.5M52.4M554.4M637.6M669.5M
Common Stock400.6M722.7M725.2M964.0M1.1B1.2B
Other Liab37.2M43.0M65.1M56.3M64.7M68.0M
Long Term Debt61.8M67.4M287.5M552.8M635.8M667.5M
Inventory(390.0M)(490.1M)(300.7M)63.5M57.2M60.0M
Intangible Assets254.6M382.1M376.9M32.9M37.8M35.9M
Net Tangible Assets600.8M638.8M848.5M658.7M757.5M485.4M
Long Term Debt Total406.6M300.7M61.8M67.4M77.5M73.6M

First Bancorp Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense19.6M9.5M16.1M142.1M163.4M171.6M
Operating Income103.1M120.3M201.3M145.7M167.5M175.9M
Ebit104.9M122.6M188.0M(9.9M)(11.3M)(10.8M)
Ebitda116.7M134.2M200.5M8.0M9.2M8.7M
Net Income81.5M95.6M146.9M104.1M119.8M125.7M
Income Tax Expense21.7M24.7M38.3M27.8M32.0M33.6M
Total Revenue299.5M320.0M392.8M546.2M628.2M659.6M
Gross Profit299.5M320.0M392.8M546.2M628.2M659.6M
Income Before Tax103.1M120.3M185.2M132.0M151.7M159.3M
Tax Provision21.7M24.7M38.3M27.8M32.0M25.8M
Net Interest Income218.1M246.4M324.9M346.7M398.7M240.5M
Interest Income237.7M255.9M341.0M488.8M562.1M590.2M

First Bancorp Key Cash Accounts

202020212022202320242025 (projected)
Change In Cash136.0M93.9M(190.8M)(32.5M)(29.2M)(27.8M)
Free Cash Flow44.7M129.5M225.4M127.0M146.0M153.3M
Depreciation13.6M13.9M15.3M19.2M22.1M23.2M
Other Non Cash Items(43.7M)20.9M65.9M(8.5M)(7.6M)(8.0M)
Dividends Paid20.9M22.2M30.7M34.9M40.2M42.2M
Capital Expenditures12.4M9.4M5.3M4.4M5.1M5.8M
Net Income81.5M95.6M146.9M104.1M119.8M125.7M
End Period Cash Flow367.3M461.2M270.3M237.9M273.5M199.3M
Investments(950.9M)(1.5B)(713.4M)(191.4M)(172.2M)(180.8M)
Change Receivables(1.9M)(644K)(3.6M)(773K)(695.7K)(660.9K)
Change To Netincome5.6M35.6M8.0M68.8M62.0M38.2M
Net Borrowings(106.1M)(250.0M)(5.7M)219.9M197.9M207.8M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Bancorp's current stock value. Our valuation model uses many indicators to compare First Bancorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Bancorp competition to find correlations between indicators driving First Bancorp's intrinsic value. More Info.
First Bancorp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.11  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Bancorp is roughly  8.80 . At present, First Bancorp's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Bancorp's earnings, one of the primary drivers of an investment's value.

First Bancorp Systematic Risk

First Bancorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Bancorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on First Bancorp correlated with the market. If Beta is less than 0 First Bancorp generally moves in the opposite direction as compared to the market. If First Bancorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Bancorp is generally in the same direction as the market. If Beta > 1 First Bancorp moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in First Bancorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Bancorp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Bancorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.32)

At present, First Bancorp's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

First Bancorp January 18, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Bancorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Bancorp's daily price indicators and compare them against related drivers.

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When running First Bancorp's price analysis, check to measure First Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.
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