(FBNC) First Bancorp - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 2.404m USD | Total Return: 45% in 12m
Avg Turnover: 11.3M
EPS Trend: 34.1%
Qual. Beats: 0
Rev. Trend: 54.6%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Confidence
First Bancorp (FBNC) is the bank holding company for First Bank, a regional financial institution headquartered in Southern Pines, North Carolina. Founded in 1934, the company provides a comprehensive suite of retail and commercial banking services, including deposit accounts, residential and commercial real estate lending, and asset-based financing such as factoring and inventory loans.
The company operates within the regional banking sector, where profitability is primarily driven by the net interest margin-the difference between interest earned on loans and interest paid on deposits. Beyond traditional lending, First Bancorp diversifies its revenue streams through non-interest income sources, including investment brokerage, financial planning, and property and casualty insurance products.
Regional banks like FBNC often maintain deep ties to local economies, focusing on small-to-medium enterprise (SME) lending and personalized consumer credit. Investors can further examine the company’s valuation metrics and historical performance on ValueRay. This business model relies on maintaining a stable deposit base and managing credit risk across its diverse loan portfolio.
- Net interest margin compression follows Federal Reserve interest rate volatility
- Loan portfolio growth depends on North Carolina economic expansion
- Commercial real estate concentration increases credit risk and provisioning
- Non-interest income expansion via wealth management and insurance services
- Deposit cost increases pressure net interest income and profitability
| Net Income: 121.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.39 > 1.0 |
| NWC/Revenue: -1.31k% < 20% (prev -1.49k%; Δ 184.7% < -1%) |
| CFO/TA 0.02 > 3% & CFO 211.7m > Net Income 121.3m |
| Net Debt (-2.02b) to EBITDA (170.8m): -11.84 < 3 |
| Current Ratio: 0.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.4m) vs 12m ago -0.14% < -2% |
| Gross Margin: 71.28% > 18% (prev 0.64%; Δ 7.06k% > 0.5%) |
| Asset Turnover: 4.38% > 50% (prev 4.33%; Δ 0.05% > 0%) |
| Interest Coverage Ratio: 1.01 > 6 (EBITDA TTM 170.8m / Interest Expense TTM 154.5m) |
| A: -0.56 (Total Current Assets 2.15b - Total Current Liabilities 9.42b) / Total Assets 12.9b |
| B: 0.07 (Retained Earnings 866.4m / Total Assets 12.9b) |
| C: 0.01 (EBIT TTM 156.4m / Avg Total Assets 12.7b) |
| D: 0.15 (Book Value of Equity 1.68b / Total Liabilities 11.3b) |
| Altman-Z'' = -3.23 = D |
| DSRI: 1.02 (Receivables 37.3m/35.5m, Revenue 556.3m/538.4m) |
| GMI: 0.89 (GM 71.28% / 63.64%) |
| AQI: 1.07 (AQ_t 0.82 / AQ_t-1 0.77) |
| SGI: 1.03 (Revenue 556.3m / 538.4m) |
| TATA: -0.01 (NI 121.3m - CFO 211.7m) / TA 12.9b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 58.67 with a total of 185,490 shares traded.
Over the past week, the price has changed by +2.23%,
over one month by +1.49%,
over three months by -0.03% and
over the past year by +45.00%.
First Bancorp has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold FBNC.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 66.5 | 13.3% |
P/E Forward = 14.3062
P/S = 6.1116
P/B = 1.4112
P/EG = 1.561
Revenue TTM = 556.3m USD
EBIT TTM = 156.4m USD
EBITDA TTM = 170.8m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 92.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 17.3m
Net Debt = -2.02b USD (calculated: Debt 92.0m - CCE 2.11b)
Enterprise Value = 381.1m USD (2.40b + Debt 92.0m - CCE 2.11b)
Interest Coverage Ratio = 1.01 (Ebit TTM 156.4m / Interest Expense TTM 154.5m)
EV/FCF = 1.85x (Enterprise Value 381.1m / FCF TTM 205.8m)
FCF Yield = 54.01% (FCF TTM 205.8m / Enterprise Value 381.1m)
FCF Margin = 37.00% (FCF TTM 205.8m / Revenue TTM 556.3m)
Net Margin = 21.81% (Net Income TTM 121.3m / Revenue TTM 556.3m)
Gross Margin = 71.28% ((Revenue TTM 556.3m - Cost of Revenue TTM 159.8m) / Revenue TTM)
Gross Margin QoQ = 75.66% (prev 69.15%)
Tobins Q-Ratio = 0.03 (Enterprise Value 381.1m / Total Assets 12.9b)
Interest Expense / Debt = 167.9% (Interest Expense 154.5m / Debt 92.0m)
Taxrate = 20.91% (12.3m / 59.0m)
NOPAT = 123.7m (EBIT 156.4m * (1 - 20.91%))
Current Ratio = 0.23 (Total Current Assets 2.15b / Total Current Liabilities 9.42b)
Debt / Equity = 0.05 (Debt 92.0m / totalStockholderEquity, last quarter 1.68b)
Debt / EBITDA = -11.84 (Net Debt -2.02b / EBITDA 170.8m)
Debt / FCF = -9.83 (Net Debt -2.02b / FCF TTM 205.8m)
Total Stockholder Equity = 1.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.96% (Net Income 121.3m / Total Assets 12.9b)
RoE = 7.47% (Net Income TTM 121.3m / Total Stockholder Equity 1.62b)
RoCE = 4.44% (EBIT 156.4m / Capital Employed (Total Assets 12.9b - Current Liab 9.42b))
RoIC = 3.51% (NOPAT 123.7m / Invested Capital 3.53b)
WACC = 8.80% (E(2.40b)/V(2.50b) * Re(9.14%) + (debt cost/tax rate unavailable))
Discount Rate = 9.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 49.44 | Cagr: 0.15%
[DCF] Terminal Value 71.41% ; FCFF base≈222.0m ; Y1≈194.7m ; Y5≈157.3m
[DCF] Fair Price = 105.7 (EV 2.35b - Net Debt -2.02b = Equity 4.37b / Shares 41.4m; r=8.80% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 34.11 | EPS CAGR: 5.82% | SUE: 0.67 | # QB: 0
Revenue Correlation: 54.63 | Revenue CAGR: 2.66% | SUE: 0.87 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.15 | Chg30d=+1.99% | Revisions=+43% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.19 | Chg30d=+0.85% | Revisions=+14% | Analysts=4
EPS current Year (2026-12-31): EPS=4.69 | Chg30d=+2.51% | Revisions=+50% | GrowthEPS=+17.0% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=5.08 | Chg30d=+2.42% | Revisions=+50% | GrowthEPS=+8.3% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: +50%