First Bancorp (FBNC) AI Stock Analysis

• Market Cap: $2.10B
• Dividend Yield: 1.78%
• Average Volume (3M): 218.22K
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.99
• Revenue Growth: -5.72%
• EPS Growth: -3.90%
• Country: US
• Employees: 1,345
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.49
• Shares Outstanding: 41,462,418
• 10 Day Avg. Volume: 200,786
• 30 Day Avg. Volume: 218,217
• 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: 1.02
• Enterprise Value/Revenue: 4.06
• Enterprise Value/Gross Profit: 5.96
• Enterprise Value/Ebitda: 15.04
• 1Y Price Target: $60.00
• Price Target Upside: 17.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 3.4
• Revenue Forecast (FY): $453.74M

• Rating: 67 Neutral
• Price Target: $53.00 ▲(3.72% Upside)

First Bancorp's strong financial performance, characterized by consistent revenue growth and a stable balance sheet, is a key strength. However, technical indicators suggest bearish momentum, and the valuation is moderate with a relatively low dividend yield. These factors combine to give the stock a balanced score, reflecting both its strengths and areas for improvement.

Positive Factors

Loan Growth

The 9% annualized loan growth indicates strong demand for First Bancorp's lending services, enhancing its interest income and market position.

Margin Expansion

Margin expansion reflects improved profitability and efficient cost management, which can sustain long-term earnings growth.

Capital Adequacy

A strong capital ratio ensures financial stability and the ability to withstand economic downturns, supporting long-term growth.

Negative Factors

Revenue Growth

The modest revenue growth rate suggests challenges in expanding market share or product offerings, which could impact future profitability.

Free Cash Flow Decline

Declining free cash flow may limit the company's ability to invest in new opportunities or return capital to shareholders, affecting long-term growth.

Gross Profit Margin Pressure

Decreasing gross profit margins indicate rising costs or pricing pressures, which could erode profitability if not managed effectively.

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 net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. The company offers various loan products, including commercial loans, consumer loans, real estate loans, and mortgages, which contribute significantly to its interest income. Additionally, First Bancorp earns non-interest income through service fees on deposit accounts, mortgage origination fees, and transaction fees related to its banking services. The bank also engages in wealth management and investment services, further diversifying its revenue streams. Strategic partnerships with local businesses and community organizations enhance its market presence and customer base, contributing positively to its overall earnings.

First Bancorp Financial Statement Overview

Summary

First Bancorp exhibits a strong financial profile with consistent revenue growth and profitability. The balance sheet is stable with low leverage, and cash flow generation is generally strong despite recent declines in free cash flow growth. The company is well-positioned in the regional banking industry, though it should monitor cost management and cash flow generation closely.

Income Statement

First Bancorp has demonstrated strong revenue growth with a TTM revenue growth rate of 1.13% and consistent profitability, as evidenced by a net profit margin of 17.85% and an EBIT margin of 23.15%. However, the gross profit margin has decreased over time, indicating potential cost pressures.

Balance Sheet

The company maintains a solid financial position with a low debt-to-equity ratio of 0.059, reflecting prudent leverage management. The return on equity is moderate at 6.49%, suggesting efficient use of equity capital. The equity ratio is strong, indicating a stable capital structure.

Cash Flow

Operating cash flow is robust, with a high operating cash flow to net income ratio of 0.019. However, the free cash flow growth rate is negative at -17.59%, indicating potential challenges in generating free cash flow. The free cash flow to net income ratio remains healthy at 0.99.

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	2.30B	2.40B	2.43B	2.58B	3.09B	1.82B
Total Debt	92.42M	106.43M	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	216.21M	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: 51.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 51.1 is above the 20-day moving average (MA) of 49.20, below the 50-day MA of 51.60, and above the 200-day MA of 45.24, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 55.95 is Neutral, neither overbought nor oversold. The STOCH value of 93.36 is Negative, 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
BANR	73 Outperform	$2.06B	11.01	10.28%	3.18%	6.98%	15.08%
NBTB	72 Outperform	$2.13B	13.55	8.87%	3.37%	11.65%	5.61%
CUBI	70 Outperform	$2.25B	13.70	8.99%	―	-0.35%	-20.30%
FRME	68 Neutral	$2.06B	8.92	9.90%	3.98%	-1.76%	32.44%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FBNC	67 Neutral	$2.10B	21.25	6.40%	1.78%	-5.72%	-3.90%
SYBT	59 Neutral	$1.93B	14.25	13.69%	1.87%	11.74%	26.27%

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.