First Bancorp (FBNC) AI Stock Analysis

• Market Cap: $2.13B
• Dividend Yield: 1.75%
• Average Volume (3M): 205.77K
• Price to Earnings (P/E): 21.5
• Beta (1Y): 0.93
• 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: 224,048
• 30 Day Avg. Volume: 205,771
• 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: 1.01
• Enterprise Value/Revenue: 4.09
• Enterprise Value/Gross Profit: 6.00
• Enterprise Value/Ebitda: 15.14
• 1Y Price Target: $60.00
• Price Target Upside: 16.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 3.4
• Revenue Forecast (FY): $453.74M

• Rating: 70 Outperform
• Price Target: $56.00 ▲(8.97% Upside)

First Bancorp's strong financial performance, characterized by robust profitability margins and a solid balance sheet, is the primary driver of its score. Technical indicators suggest a neutral to slightly overbought market position, while valuation metrics indicate potential overvaluation. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Management Quality

The appointment of G. Adam Currie to the Boards of Directors signifies strong leadership continuity and strategic oversight, which can enhance decision-making and long-term strategic planning.

Balance Sheet Health

A low debt-to-equity ratio indicates conservative leverage, providing financial stability and flexibility to navigate economic fluctuations and invest in growth opportunities.

Cash Generation Ability

Strong free cash flow growth demonstrates effective cash management, supporting reinvestment in the business and enhancing shareholder value over the long term.

Negative Factors

Revenue Growth Challenges

Negative revenue growth indicates challenges in expanding market share or product adoption, potentially impacting long-term profitability and competitive positioning.

Profit Margin Pressure

Decreasing net profit margins suggest rising costs or pricing pressures, which could affect the company's ability to sustain profitability over time.

Operational Cash Flow Issues

A low operating cash flow to net income ratio indicates potential inefficiencies in converting earnings into cash, which could impact liquidity and operational flexibility.

First Bancorp Business Overview & Revenue Model

Company Description

First Bancorp (FBNC) is a financial services holding company based in the United States, primarily focused on providing a range of banking products and services through its wholly-owned subsidiary, First Bank. Operating in the banking sector, First Bancorp offers personal and commercial banking solutions, including checking and savings accounts, loans, mortgages, credit cards, and wealth management services, catering to both individual and business clients. The company serves various markets across multiple states, positioning itself as a community-focused bank that emphasizes customer service and local economic support.

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: 51.39
• 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 51.39 is above the 20-day moving average (MA) of 50.01, above the 50-day MA of 50.49, and above the 200-day MA of 45.67, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 56.42 is Neutral, neither overbought nor oversold. The STOCH value of 74.18 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
NBTB	74 Outperform	$2.13B	13.55	8.87%	3.37%	11.63%	5.58%
BANR	73 Outperform	$2.18B	11.63	10.28%	3.04%	6.98%	15.08%
FBNC	70 Outperform	$2.13B	21.53	6.39%	1.75%	-5.72%	-3.86%
CUBI	70 Outperform	$2.36B	13.97	8.99%	―	-0.37%	-20.30%
SYBT	69 Neutral	$1.95B	14.42	13.69%	1.94%	11.74%	26.27%
FRME	68 Neutral	$2.15B	9.30	9.90%	4.06%	-1.76%	32.44%
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 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.

The most recent analyst rating on (FBNC) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on First Bancorp stock, see the FBNC Stock Forecast page.