First Bancorp (FBNC) AI Stock Analysis

• Market Cap: $2.20B
• Dividend Yield: 1.69%
• Average Volume (3M): 181.38K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 0.88
• Revenue Growth: -5.72%
• EPS Growth: -3.86%
• Country: US
• Employees: 1,345
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.49
• Shares Outstanding: 41,465,330
• 10 Day Avg. Volume: 193,523
• 30 Day Avg. Volume: 181,382
• PEG Ratio: -0.87
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 3.40
• P/FCF Ratio: 10.48
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 4.09
• Enterprise Value/Gross Profit: 6.00
• Enterprise Value/Ebitda: 15.14
• 1Y Price Target: $60.00
• Price Target Upside: 12.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 3.34
• Revenue Forecast (FY): $456.96M

• Rating: 75 Outperform
• Price Target: $60.00 ▲(12.74% Upside)

First Bancorp's overall stock score reflects its strong financial performance and positive technical indicators. The company's robust balance sheet and efficient operations provide a solid foundation, while technical analysis indicates bullish momentum. Valuation metrics suggest the stock is fairly valued, with a reasonable dividend yield. The absence of earnings call data does not impact the score significantly, and recent corporate events reinforce a positive outlook.

Positive Factors

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and provides flexibility for strategic investments.

Cash Generation Ability

Effective cash generation supports ongoing operations and enables reinvestment in growth opportunities, strengthening long-term prospects.

Profitability Margins

High profitability margins indicate efficient cost management and operational effectiveness, supporting sustained earnings.

Negative Factors

Revenue Growth Challenges

Negative revenue growth suggests difficulties in expanding market share or product adoption, which could impact future earnings potential.

Net Profit Margin Pressure

Decreasing net profit margins may indicate rising costs or pricing pressures, potentially affecting overall profitability.

Operational Cash Flow Issues

Low operational cash flow conversion can signal inefficiencies in cash management, impacting liquidity and investment capacity.

First Bancorp Business Overview & Revenue Model

Company Description

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. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of December 31, 2021, it operated 121 branches comprising 114 branch offices located in North Carolina and seven branches in South Carolina. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

How the Company Makes Money

First Bancorp generates revenue primarily through interest income from loans and investment securities, which forms the bulk of its earnings. The company earns interest on various types of loans, including commercial loans, consumer loans, and residential mortgages. Additionally, First Bancorp generates non-interest income through service fees, transaction fees, and wealth management services. Key revenue streams include net interest income, which is the difference between interest earned on loans and interest paid on deposits, and non-interest income from various fees associated with banking services. The company may also benefit from strategic partnerships with other financial institutions, community organizations, and businesses that enhance its service offerings and customer base.

First Bancorp Financial Statement Overview

Summary

First Bancorp demonstrates strong financial health with efficient operations and a solid balance sheet. While revenue growth has faced challenges, profitability margins remain robust. The company maintains a conservative leverage position, enhancing financial stability. Cash flow generation is generally strong, though operational cash flow conversion could be improved.

Income Statement

First Bancorp's income statement shows a strong gross profit margin of 68.07% TTM, indicating efficient cost management. However, the net profit margin has decreased to 18.69% TTM from 19.24% in 2023, reflecting some pressure on profitability. Revenue growth has been negative at -2.82% TTM, suggesting challenges in expanding top-line revenue. Despite these challenges, EBIT and EBITDA margins remain healthy at 24.46% and 26.99% TTM, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet of First Bancorp is robust with a low debt-to-equity ratio of 0.0576 TTM, indicating conservative leverage. Return on equity is moderate at 6.47% TTM, showing reasonable profitability relative to shareholder equity. The equity ratio is strong, reflecting a solid capital structure with a high proportion of equity financing.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate of 6.55% TTM, indicating improved cash generation. The free cash flow to net income ratio is high at 98.76% TTM, suggesting effective conversion of earnings into cash. However, the operating cash flow to net income ratio is low, indicating potential issues in cash flow generation from operations relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	529.14M	530.81M	541.11M	407.66M	324.90M	318.48M
Gross Profit	360.19M	327.40M	381.20M	379.16M	300.34M	263.88M
EBITDA	142.83M	116.00M	151.17M	200.55M	134.25M	116.73M
Net Income	98.89M	76.22M	104.13M	146.94M	95.64M	81.48M
Balance Sheet
Total Assets	12.75B	12.15B	12.11B	10.63B	10.51B	7.29B
Cash, Cash Equivalents and Short-Term Investments	3.24B	2.40B	2.43B	2.58B	3.09B	1.82B
Total Debt	15.10M	14.55M	321.67M	237.82M	19.50M	22.99M
Total Liabilities	11.15B	10.70B	10.74B	9.59B	9.28B	6.40B
Stockholders Equity	1.60B	1.45B	1.37B	1.03B	1.23B	893.42M
Cash Flow
Free Cash Flow	213.13M	172.12M	126.97M	225.37M	132.93M	45.97M
Operating Cash Flow	216.70M	174.78M	131.40M	230.65M	142.34M	58.33M
Investing Cash Flow	-700.69M	169.67M	-191.37M	-713.36M	-1.27B	-961.54M
Financing Cash Flow	337.52M	-74.80M	27.51M	291.86M	1.23B	1.04B

First Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBNC, the sentiment is Positive. The current price of 53.22 is above the 20-day moving average (MA) of 51.73, above the 50-day MA of 50.35, and above the 200-day MA of 46.48, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 61.65 is Neutral, neither overbought nor oversold. The STOCH value of 73.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FBNC.

First Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRME	80 Outperform	$2.25B	9.74	9.90%	3.68%	-1.76%	32.44%
BANR	79 Outperform	$2.28B	12.21	10.28%	2.87%	6.98%	15.08%
FBNC	75 Outperform	$2.20B	22.25	6.39%	1.69%	-5.72%	-3.86%
NBTB	74 Outperform	$2.31B	14.69	8.87%	3.19%	11.63%	5.58%
CUBI	74 Outperform	$2.55B	15.78	8.99%	―	-0.37%	-20.30%
SYBT	69 Neutral	$2.01B	14.90	13.69%	1.85%	11.74%	26.27%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

First Bancorp Corporate Events

First Bancorp Declares Cash Dividend for Shareholders

On December 12, 2025, First Bancorp announced a cash dividend of $0.23 per share on its common stock, payable on January 25, 2026, to shareholders of record as of December 31, 2025. CEO Richard Moore highlighted the company’s strong capital and liquidity, as well as increases in adjusted net income and EPS, emphasizing the commitment to delivering consistent shareholder value through dividends.

First Bancorp Declares Cash Dividend for Shareholders

On September 12, 2025, First Bancorp announced a cash dividend of $0.23 per share on its common stock, payable on October 25, 2025, to shareholders of record as of September 30, 2025. CEO Richard Moore highlighted the company’s focus on maintaining robust capital, liquidity, and stable credit quality, which contributed to solid financial results, continuing its over forty-year tradition of paying dividends and providing valuable returns to shareholders.