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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. In the quarter to June 2026, revenue grew 8.82%, EPS grew 31.2%, free cash flow grew 49.9% and total debt fell 19.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

60.36 0.03 +0.05%
Market cap
$2.5B
P/E
18.7×
Fwd P/E
12.6×
Dividend yield
1.57%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.01
Total sells 4.93
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — 1 —
Sell — — 2 2 — — 1 — — — 1 —
Insider Ownership 1.15%

Capital & Financial Ratios $m

Market Cap 2,500.00
Revenue 574.61
Net Income 133.25
Free Cash Flow 234.23
Net Debt (475.61)
Current Ratio 0.85
Debt/Equity 0.04
P/E ratio 18.75
Fwd P/E 12.60
P/S ratio 4.33
P/B ratio 1.45
Past 5Y EPS Growth (0.94%) (below 0%: weak)
This Y EPS Growth 70.97% (at or above 15%: strong)
Next Y EPS Growth 8.16%
Next Y revenue growth (6.55%) (below 0%: weak)
Next 5Y EPS Growth 27.13% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 69.74%
10-year low 10-year high
P/S against its own 10 years 87.69%
10-year low 10-year high
P/B against its own 10 years 76.52%
10-year low 10-year high

Dividends

Payout Ratio 0.30
Annual Dividend Rate 0.95
Annual Dividend Yield 1.57%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.96
0.24
0.24
0.24
2025 0.91
0.22
0.23
0.23
0.23
2024 0.88
0.22
0.22
0.22
0.22
2023 0.88
0.22
0.22
0.22
0.22
2022 0.88
0.22
0.22
0.22
0.22
2021 0.80
0.20
0.20
0.20
0.20
2020 0.72
0.18
0.18
0.18
0.18
2019 0.54
0.12
0.12
0.12
0.18
2018 0.40
0.10
0.10
0.10
0.10
2017 0.32
0.08
0.08
0.08
0.08
2016 0.32
0.08
0.08
0.08
0.08
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 238 508 310 550
Receivables — — — —
Inventory — — — —
Other — — — —
8,318 8,522 8,955 9,465
2023 2024 2025 Q'26
Payables 10,032 10,531 10,748 11,085
ST’ Debt — — — —
Other — — — —
10,037 10,535 10,752 11,089

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%

Revenue $m

Mar Jun Sep Dec Year
’26 158 164 — — —
’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 — — —
’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 — — —
’25 53 43 53 56 206
’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.

EPS $

Mar Jun Sep Dec Year
’26 1.13 1.22 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 17.15 26.47 30.50 31.22 17.32 32.47 32.90 26.00 29.53 34.50

Analyst estimates 2026–2028

Powerpack
High 28.49 41.76 43.14 41.34 40.00 50.92 49.00 43.47 50.34 56.45
People
People Employees 861 1,166 1,098 1,111 1,118 1,234 1,294 1,445 1,396 1,374
Revenue/emp, $m 0.18 0.19 0.26 0.28 0.29 0.27 0.32 0.38 0.38 0.40
Income, $m
Income, $m Revenue 157 227 290 310 319 330 409 546 537 549
Gross margin, % 95.14 94.41 91.81 89.05 93.87 97.11 96.06 73.99 65.19 71.06
EBT 42 68 113 116 103 120 185 132 98 140
EBT margin, % 26.92 29.89 39.11 37.55 32.33 36.51 45.29 24.16 18.27 25.40
Net income 28 46 89 92 81 96 147 104 76 111
Depreciation 9 12 15 17 19 26 27 31 27 22
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
Earnings 1.37 1.82 3.02 3.11 2.81 3.19 4.12 2.53 1.85 2.68
Cash flow 2.07 1.06 1.57 1.73 2.02 4.76 6.50 3.22 4.26 4.93
Capex (0.33) (0.18) (0.27) (0.06) (0.42) (0.30) (0.14) (0.08) (0.03) 0.07
Free cash flow 1.73 0.89 1.30 1.68 1.60 4.46 6.36 3.14 4.23 5.00
Book value 18.44 27.49 25.85 28.85 30.98 41.19 29.07 33.68 35.24 40.15
Shares, m 20 25 30 30 29 30 35 41 41 41
Valuation, ×
Valuation, × P/E 19.85 19.82 10.81 12.87 12.00 13.90 10.18 14.70 23.77 18.95
P/S 3.44 3.97 3.33 3.81 3.06 4.15 3.64 2.77 3.36 3.81
P/B 1.46 1.30 1.26 1.38 1.09 1.11 1.44 1.10 1.25 1.26
EV/Sales 3.22 3.61 3.13 4.03 2.10 2.95 3.68 3.49 2.58 3.38
EV/FCF 14.58 36.61 23.66 25.22 14.52 7.30 6.67 14.91 8.00 9.01
Cash, $m
Cash, $m Operating cash flow 41 27 46 51 58 142 231 131 175 203
Capex (7) (5) (8) (2) (12) (9) (5) (3) (1) 3
Free cash flow 35 22 38 50 46 133 226 128 173 206
Balance, $m
Balance, $m Working capital 56 127 50 (234) (1,160) (2,555) (2,355) (1,719) (2,013) (1,797)
Total debt 271 408 407 301 62 67 288 630 92 75
Net debt (35) (82) (56) 69 (305) (394) 17 392 (416) (235)
Shareholders’ equity 368 693 764 852 893 1,231 1,032 1,372 1,446 1,654
Returns, %
Returns, % ROA 0.78 1.00 1.56 1.53 1.21 1.07 1.38 0.91 0.63 0.89
ROIC 8.16 7.81 10.23 7.90 10.96 10.24 11.34 5.16 5.95 6.14
ROE 7.78 8.67 12.25 11.33 9.29 8.96 12.92 8.61 5.38 7.12
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
NBTB NBT Bancorp Inc. $2.6B 12.4× 11.1× +4.89% (above 0%: growing) +126.67% (above 0%: growing) +37.10% (above 0%: growing) 79.28% 0.00% Compare
TRMK Trustmark Corporation $2.6B 11.4× 11.3× +0.97% (above 0%: growing) +18.48% (above 0%: growing) +48.33% (above 0%: growing) 74.36% 0.00% Compare
CUBI Customers Bancorp, Inc $2.5B 8.8× 8.7× +5.90% (above 0%: growing) +19.77% (above 0%: growing) −34.56% (below 0%: shrinking) 60.05% 0.00% Compare
FBNC First Bancorp $2.5B 18.7× 12.6× +8.82% (above 0%: growing) +31.18% (above 0%: growing) +49.87% (above 0%: growing) 77.46% 0.00%
FBK FB Financial Corporation $2.5B 11.4× 11.4× −1.10% (below 0%: shrinking) +180.40% (above 0%: growing) +8.46% (above 0%: growing) 66.94% 0.00% Compare
FRME First Merchants Corporation $2.5B 12.7× 10.9× +14.16% (above 0%: growing) −28.57% (below 0%: shrinking) +64.02% (above 0%: growing) 65.81% 0.00% Compare
BANR Banner Corporation $2.5B 11.1× 11.1× +1.33% (above 0%: growing) +9.92% (above 0%: growing) −29.43% (below 0%: shrinking) 77.84% 0.00% Compare
BUSE First Busey Corporation $2.4B 12.2× 11.2× −8.06% (below 0%: shrinking) +30.19% (above 0%: growing) −15.02% (below 0%: shrinking) 73.20% 0.00% Compare
SYBT Stock Yards Bancorp, Inc. $2.4B 15.2× 14.5× +11.27% (above 0%: growing) +13.79% (above 0%: growing) +1.75% (above 0%: growing) 73.89% 0.00% Compare
Median of peers $2.5B 11.8× 11.1× +3.11% +19.12% +5.11% 73.54% 0.00%

All 323 Banks Regional stocks →

First Bancorp (FBNC) key facts

  • Strength: First Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $549.3 million, up 2.26% from fiscal 2024.
  • Strength: Net income was $111.0 million, or $2.68 per share (basic), a net margin of 20.1%.
  • First Bancorp (FBNC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, FBNC traded at $60.36, a market capitalization of $2.5 billion.
  • At that price the stock trades at 18.7× trailing-twelve-month earnings and 4.3× sales; its P/E is higher than 70% of its own readings over the past ten years.
  • First Bancorp pays an annual dividend of $0.95 per share, a yield of 1.57%, with a payout ratio of 29.5%.
  • Return on equity was 7.12% and debt-to-equity 0.04.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

First Bancorp (FBNC) Latest News

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stockrow.com/FBNC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com