First Bancorp

FBNC Financial Banks Regional

First Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $549.3 million, up 2.26% from fiscal 2024.

Revenue
+28.8%
EPS
+154.0%
Free cash flow
+103.2%
Total debt
−19.1%

Quarter to September 2026, against a year earlier

64.95 1.05 −1.59%
Market cap
$2.7B
P/E
16.3×
Fwd P/E
13.5×
Dividend yield
1.46%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.01
Sold, $m 4.93
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 1 — —
Sell — 2 2 — — 1 — — — 1 — —
Insider Ownership 1.11%

Capital & Financial Ratios $m

Size
Market Cap 2,680.00
Revenue ttm 612.43
Net income ttm 164.17
Free cash flow ttm 283.99
Net debt Q (376.92)
Valuation
P/E 16.34
Forward P/E 13.50
Price / sales 4.37
Forward P/S Powerpack
Price / FCF 9.42
Price / book 1.56
Financial health
Current ratio Q 0.85
Debt / equity Q 0.04
Interest coverage Q —
Growth
Revenue growth Q +28.80% (above 0%: growing)
Operating income growth Q +150.70% (above 0%: growing)
EPS, this year +75.75% (at or above 15%: strong)
EPS, next year A +6.69%
Revenue, next year A −6.61% (below 0%: weak)
EPS, past 5 yrs −0.94% (below 0%: weak)
EPS, next 5 yrs A +26.85% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 64.36%
10-year low 10-year high
P/S against its own 10 years 89.77%
10-year low 10-year high
P/B against its own 10 years 89.04%
10-year low 10-year high

Dividends

Yield
1.46%
Annual rate
0.95
Payout ratio
23.9%
Growth, 2017–25
+14.0%/yr
  1. 0.32 ’17
  2. 0.40 ’18 +25
  3. 0.54 ’19 +35
  4. 0.72 ’20 +33
  5. 0.80 ’21 +11
  6. 0.88 ’22 +10
  7. 0.88 ’23 +0
  8. 0.88 ’24 +0
  9. 0.91 ’25 +3
  10. 0.96 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 238 508 310 452
Receivables — — — —
Inventory — — — —
Other — — — —
8,318 8,522 8,955 9,474
2023 2024 2025 Q'26
Payables 10,032 10,531 10,748 11,126
ST’ Debt — — — —
Other — — — —
10,037 10,535 10,752 11,130

Compound Annual Growth %

10y 5y 3y
Sales 14.21% 11.48% 10.34%
Cash Flow 18.45% 28.34% (4.15%)
Earnings 15.37% 6.37% (8.92%)
Book Value 17.07% 13.11% 17.05%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.13 1.22 1.24 — —
’25 0.88 0.93 0.49 0.38 2.68
’24 0.61 0.70 0.45 0.08 1.84
’23 0.37 0.71 0.73 0.72 2.53
’22 0.95 1.03 1.06 1.08 4.12
’21 0.99 1.03 0.97 0.30 3.19
’20 0.62 0.56 0.81 0.83 2.81
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 158 164 169 — —
’25 146 151 131 121 549
’24 140 143 145 109 537
’23 131 135 139 141 546
’22 98 98 105 108 409
’21 79 83 77 91 330
’20 76 84 80 79 319
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 61 66 102 — —
’25 53 46 50 55 203
’24 (20) 88 38 69 175
’23 37 29 28 38 131
’22 100 30 49 51 231
’21 31 50 30 31 142
’20 14 31 (10) 24 58
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 60 65 98 — —
’25 53 43 48 61 206
’24 (22) 88 39 68 173
’23 36 27 27 38 128
’22 99 29 47 50 226
’21 26 49 28 31 133
’20 13 28 (15) 21 46
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 157 227 290 310 319 330 409 546 537 549 612 +15.0% 513 578 608 +3.4%
Gross margin, % 95.14 94.41 91.81 89.05 93.87 97.11 96.06 73.99 65.19 71.06 75.68 (24.1) pt
EBT 42 68 113 116 103 120 185 132 98 140 204 +14.2%
EBT margin, % 26.92 29.89 39.11 37.55 32.33 36.51 45.29 24.16 18.27 25.40 33.30 (1.5) pt
Net income 28 46 89 92 81 96 147 104 76 111 164 +16.8%
Per share, $
Per share, $ Revenue 7.84 8.99 9.81 10.48 11.06 11.03 11.52 13.41 13.09 13.33 14.87 +6.1%
Earnings 1.37 1.82 3.02 3.11 2.81 3.19 4.12 2.53 1.85 2.68 3.97 +7.7%
Cash flow 2.07 1.06 1.57 1.73 2.02 4.76 6.50 3.22 4.26 4.93 6.90 +10.1%
Capex (0.33) (0.18) (0.27) (0.06) (0.42) (0.30) (0.14) (0.08) (0.03) 0.07 (0.01) n/m
Free cash flow 1.73 0.89 1.30 1.68 1.60 4.46 6.36 3.14 4.23 5.00 6.89 +12.5%
Book value 18.44 27.49 25.85 28.85 30.98 41.19 29.07 33.68 35.24 40.15 41.58 +9.0%
Shares, m 20 25 30 30 29 30 35 41 41 41 41 +8.4%
Valuation, ×
Valuation, × P/E 19.85 19.82 10.81 12.87 12.00 13.90 10.18 14.70 23.77 18.95 16.34 15.7
P/S 3.44 3.97 3.33 3.81 3.06 4.15 3.64 2.77 3.36 3.81 4.37 3.5
P/B 1.46 1.30 1.26 1.38 1.09 1.11 1.44 1.10 1.25 1.26 1.56 1.3
EV/Sales 3.22 3.61 3.13 4.03 2.10 2.95 3.68 3.49 2.58 3.38 — 3.2
EV/FCF 14.58 36.61 23.66 25.22 14.52 7.30 6.67 14.91 8.00 9.01 — 16.0
Cash, $m
Cash, $m Operating cash flow 41 27 46 51 58 142 231 131 175 203 284 +19.4%
Capex (7) (5) (8) (2) (12) (9) (5) (3) (1) 3 0 n/m
Free cash flow 35 22 38 50 46 133 226 128 173 206 284 +21.9%
Balance, $m
Balance, $m Working capital 56 127 50 (234) (1,160) (2,555) (2,355) (1,719) (2,013) (1,797) (1,657) n/m
Net debt (35) (82) (56) 69 (305) (394) 17 392 (416) (235) (377) +23.7%
Shareholders’ equity 368 693 764 852 893 1,231 1,032 1,372 1,446 1,654 1,713 +18.2%
Returns, %
Returns, % ROA 0.78 1.00 1.56 1.53 1.21 1.07 1.38 0.91 0.63 0.89 1.26 +0.1 pt
ROIC 8.16 7.81 10.23 7.90 10.96 10.24 11.34 5.16 5.95 6.14 9.56 (2.0) pt
ROE 7.78 8.67 12.25 11.33 9.29 8.96 12.92 8.61 5.38 7.12 9.85 (0.7) pt
People
People Employees 861 1,166 1,098 1,111 1,118 1,234 1,294 1,445 1,396 1,374 — +5.3%
Revenue/emp, $m 0.18 0.19 0.26 0.28 0.29 0.27 0.32 0.38 0.38 0.40 — +9.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

First Bancorp vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CUBI Customers Bancorp, Inc $2.8B 9.9× 9.9× +2.67% (above 0%: growing) +2.19% (above 0%: growing) −34.56% (below 0%: shrinking) 59.54% 0.00% Compare
NBTB NBT Bancorp Inc. $2.8B 12.7× 12.4× +1.43% (above 0%: growing) +7.69% (above 0%: growing) +37.10% (above 0%: growing) 79.49% 0.00% Compare
BOH Bank of Hawaii Corporation $2.7B 12.0× 11.9× −0.66% (below 0%: shrinking) +35.07% (above 0%: growing) +211.82% (above 0%: growing) 73.11% 0.00% Compare
FBNC First Bancorp $2.7B 16.3× 13.5× +28.80% (above 0%: growing) +154.02% (above 0%: growing) +103.23% (above 0%: growing) 76.83% 0.00%
FBK FB Financial Corporation $2.7B 12.0× 11.6× −1.10% (below 0%: shrinking) +179.07% (above 0%: growing) −58.85% (below 0%: shrinking) 66.94% 0.00% Compare
TRMK Trustmark Corporation $2.6B 11.1× 11.0× +0.24% (above 0%: growing) +6.55% (above 0%: growing) +48.33% (above 0%: growing) 74.14% 0.00% Compare
BBT Beacon Financial Corporation $2.6B 11.4× 10.9× +42.19% (above 0%: growing) n/m +88.09% (above 0%: growing) 68.68% 0.00% Compare
FRME First Merchants Corporation $2.6B 12.7× 12.5× +12.85% (above 0%: growing) +11.22% (above 0%: growing) −10.46% (below 0%: shrinking) 65.93% 0.00% Compare
BANR Banner Corporation $2.6B 11.8× 11.7× +1.50% (above 0%: growing) −11.61% (below 0%: shrinking) −40.58% (below 0%: shrinking) 77.09% 0.00% Compare
Median of peers $2.6B 11.9× 11.6× +1.47% +7.69% +13.32% 70.90% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 19 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.64m 1.82m 167.71
2024 1.34m 1.64m 142.38
2023 1.26m 1.10m 117.09
2022 1.46m 1.47m 131.93
2021 1.49m 1.91m 137.66

Ownership

Directors and executive officers, together 2.04%
BlackRock, Inc.50 Hudson YardsNew York, NY 13.95%
The Vanguard Group100 Vanguard Blvd.Malvern, PA 6.73%
FMR LLC 6.73%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

First Bancorp (FBNC) Latest News

21 Oct

22 Apr

13 Apr

25 Mar

Impact 3 · · Zacks

24 Mar

6 Mar

FBNC metrics, ten years each

stockrow.com/FBNC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com