First Bancorp

Valuation Analysis

About the Company

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts. It also offers commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, and letters of credit, as well as loans for personal uses, home improvement, and automobiles; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, safe deposit box rental services, and electronic funds transfer services co

First Bancorp Stock at a Glance

First Bancorp (FBNC) is currently trading at $61.78 with a market capitalization of $2.6B. The trailing P/E ratio stands at 21.09x, with a forward P/E of 12.4x. The 52-week range spans from $40.00 to $62.64; the current price is 1.4% below the yearly high. Year-over-year revenue growth stands at +13.9%. The net profit margin stands at 30.84%.

💰 Dividend

First Bancorp pays an annual dividend of $0.96 per share, representing a yield of 1.55%. The payout ratio stands at 31.74%.

📊 Analyst Rating

5 analysts rate First Bancorp (FBNC) on consensus: Buy. The average price target is $66.35, implying +7.4% from the current price. Analyst price targets range from $64.00 to $68.00.

First Bancorp: The Investment Case in Detail

First Bancorp (FBNC) operates in the Financial Services — specifically Banks - Regional — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Revenue is growing at a healthy 13.9% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Earnings growth of 28% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base.

What to Watch Next

• The forward P/E of 12.4x is meaningfully below the trailing 21.09x — analysts expect earnings to step up; the next earnings release is the test.
• The share is trading at 96.2% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (5.51%).

Trading Data

💵 Dividend Info

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