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Complete financial analysis of First Bancorp (FBNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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First Bancorp (FBNC)
About First Bancorp
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 546.25M | 392.84M | 320.01M | 299.47M | 274.79M | 269.26M | 213.62M | 159.19M | 148.61M | 162.66M | 165.14M | 160.87M | 176.07M | 191.97M | 196.61M | 107.67M | 97.76M | 90.75M | 83.60M | 77.15M | 70.68M | 61.36M | 50.71M | 43.42M | 28.61M | 25.70M | 22.30M | 20.00M | 17.90M | 16.00M | 14.30M | 13.70M | 12.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 546.25M | 392.84M | 320.01M | 299.47M | 274.79M | 269.26M | 213.62M | 159.19M | 148.61M | 162.66M | 165.14M | 160.87M | 176.07M | 191.97M | 196.61M | 107.67M | 97.76M | 90.75M | 83.60M | 77.15M | 70.68M | 61.36M | 50.71M | 43.42M | 28.61M | 25.70M | 22.30M | 20.00M | 17.90M | 16.00M | 14.30M | 13.70M | 12.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 149.11M | 117.72M | 103.25M | 100.97M | 95.97M | 91.97M | 81.18M | 62.06M | 56.79M | 55.16M | 54.76M | 53.34M | 51.44M | 45.29M | 42.93M | 35.45M | 33.67M | 30.68M | 27.98M | 25.60M | 22.14M | 18.47M | 15.62M | 12.68M | 9.75M | 8.70M | 7.50M | 6.70M | 7.10M | 5.50M | 5.00M | 4.80M | 4.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 4.06M | 3.03M | 2.58M | 2.30M | 3.12M | 3.07M | 2.55M | 2.00M | 1.67M | 1.49M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 153.16M | 117.72M | 103.25M | 100.97M | 95.97M | 91.97M | 81.18M | 62.06M | 56.79M | 55.16M | 54.76M | 53.34M | 51.44M | 45.29M | 42.93M | 35.45M | 33.67M | 30.68M | 27.98M | 25.60M | 22.14M | 18.47M | 15.62M | 12.68M | 9.75M | 8.70M | 7.50M | 6.70M | 7.10M | 5.50M | 5.00M | 4.80M | 4.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 251.14M | -309.24M | -302.94M | -297.31M | -254.49M | -217.90M | -208.89M | -166.91M | -152.84M | -166.45M | -171.52M | -232.70M | 17.65M | 35.51M | -67.89M | -46.68M | -26.81M | -36.03M | -45.81M | -51.92M | -43.87M | -29.44M | -9.68M | -6.81M | -12.66M | -11.20M | -11.20M | -10.30M | -13.80M | -11.00M | -9.50M | -7.40M | -4.10M | 1.60M | 1.90M | 1.90M | 1.40M | 1.00M | 1.00M |
| Operating Expenses | 404.30M | -191.52M | -199.69M | -196.34M | -158.52M | -125.93M | -127.72M | -104.84M | -96.05M | -111.29M | -116.75M | -179.35M | 69.09M | 80.80M | -24.96M | -11.24M | 6.86M | -5.35M | -17.84M | -26.32M | -21.74M | -10.98M | 5.94M | 5.87M | -2.92M | -2.50M | -3.70M | -3.60M | -6.70M | -5.50M | -4.50M | -2.60M | 400.00K | 1.60M | 1.90M | 1.90M | 1.40M | 1.00M | 1.00M |
| Cost & Expenses | 404.30M | -191.52M | -199.69M | -196.34M | -158.52M | -125.93M | -127.72M | -104.84M | -96.05M | -111.29M | -116.75M | -179.35M | 69.09M | 80.80M | -24.96M | -11.24M | 6.86M | -5.35M | -17.84M | -26.32M | -21.74M | -10.98M | 5.94M | 5.87M | -2.92M | -2.50M | -3.70M | -3.60M | -6.70M | -5.50M | -4.50M | -2.60M | 400.00K | 1.60M | 1.90M | 1.90M | 1.40M | 1.00M | 1.00M |
| Interest Income | 488.76M | 340.96M | 255.92M | 237.68M | 250.11M | 231.21M | 177.38M | 130.99M | 126.66M | 139.83M | 147.51M | 152.52M | 155.77M | 159.26M | 155.99M | 147.86M | 148.94M | 129.21M | 101.43M | 81.59M | 74.67M | 73.26M | 76.77M | 72.92M | 39.29M | 35.40M | 29.20M | 25.70M | 23.30M | 19.10M | 17.60M | 18.50M | 20.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 142.10M | 16.10M | 9.52M | 19.56M | 33.90M | 23.78M | 12.67M | 7.61M | 6.91M | 8.22M | 10.99M | 17.32M | 23.57M | 31.91M | 48.90M | 61.30M | 69.66M | 54.67M | 32.84M | 20.30M | 18.91M | 23.87M | 35.72M | 34.22M | 15.81M | 14.40M | 11.10M | 9.90M | 9.00M | 6.30M | 6.10M | 7.60M | 10.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 19.21M | 12.53M | 11.66M | 11.81M | 12.55M | 11.99M | 9.73M | 5.81M | 722.00K | 777.00K | 860.00K | 897.00K | 902.00K | 874.00K | 630.00K | 3.88M | 3.61M | 3.28M | 3.09M | 2.69M | 2.82M | 2.15M | 3.01M | 1.85M | 1.60M | 1.40M | 1.30M | 1.30M | 1.10M | 1.10M | 1.00M | 1.10M | 700.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 200.55M | 134.25M | 116.73M | 131.51M | 126.32M | 77.47M | 47.32M | 46.38M | 43.93M | 38.26M | 0.00 | 26.30M | 0.00 | 101.15M | 0.00 | 0.00 | 0.00 | 40.15M | 36.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.60M | 1.90M | 1.90M | 1.40M | 1.00M | 1.00M |
| EBITDA Ratio | 0.00% | 52.19% | 38.70% | 35.76% | 44.08% | 55.74% | 42.20% | 34.90% | 35.85% | 32.06% | 29.82% | -10.93% | 28.32% | 24.86% | 76.81% | 93.16% | 110.71% | 97.72% | 82.35% | 69.38% | 73.24% | 85.61% | 117.64% | 117.79% | 95.41% | 95.72% | 89.24% | 88.50% | 68.72% | 72.50% | 75.52% | 89.05% | 108.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 145.65M | 201.32M | 120.32M | 103.13M | 116.28M | 143.33M | 85.90M | 54.34M | 52.56M | 51.37M | 48.39M | -18.48M | 48.97M | 46.85M | 150.40M | 96.43M | 104.62M | 85.40M | 65.76M | 50.84M | 48.94M | 50.38M | 56.64M | 49.30M | 25.69M | 23.20M | 18.60M | 16.40M | 11.20M | 10.50M | 9.80M | 11.10M | 13.10M | 1.60M | 1.90M | 1.90M | 1.40M | 1.00M | 1.00M |
| Operating Income Ratio | 26.66% | 51.25% | 37.60% | 34.44% | 42.31% | 53.23% | 40.21% | 34.14% | 35.37% | 31.58% | 29.30% | -11.49% | 27.81% | 24.40% | 76.49% | 89.56% | 107.02% | 94.10% | 78.66% | 65.89% | 69.25% | 82.11% | 111.70% | 113.53% | 89.81% | 90.27% | 83.41% | 82.00% | 62.57% | 65.63% | 68.53% | 81.02% | 103.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -13.70M | -48.14M | -62.81M | -42.47M | -41.96M | -45.33M | -46.31M | -34.83M | -29.02M | -29.14M | -30.18M | -897.00K | -5.29M | -36.77M | -142.00K | 156.00K | -69.66M | -2.10M | -272.00K | -1.74M | -18.91M | -23.87M | -35.72M | -34.22M | -15.81M | -14.40M | -11.10M | -9.90M | -9.00M | -6.30M | -6.10M | -7.60M | -10.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 131.96M | 185.22M | 120.32M | 103.13M | 116.28M | 113.48M | 67.74M | 42.13M | 41.16M | 38.53M | 32.78M | -40.36M | 21.01M | 14.94M | 97.88M | 35.13M | 34.96M | 30.73M | 32.92M | 30.53M | 30.03M | 26.51M | 20.92M | 15.08M | 9.88M | 8.80M | 7.50M | 6.50M | 2.20M | 4.20M | 3.70M | 3.50M | 2.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 24.16% | 47.15% | 37.60% | 34.44% | 42.31% | 42.14% | 31.71% | 26.47% | 27.70% | 23.69% | 19.85% | -25.09% | 11.93% | 7.78% | 49.78% | 32.62% | 35.76% | 33.86% | 39.38% | 39.57% | 42.49% | 43.21% | 41.26% | 34.72% | 34.54% | 34.24% | 33.63% | 32.50% | 12.29% | 26.25% | 25.87% | 25.55% | 21.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 27.83M | 38.28M | 24.68M | 21.65M | 24.23M | 24.19M | 21.77M | 14.62M | 14.13M | 13.54M | 12.08M | -16.95M | 7.37M | 4.96M | 37.62M | 13.12M | 13.15M | 11.42M | 16.83M | 10.42M | 10.62M | 9.28M | 7.31M | 5.74M | 3.26M | 3.10M | 2.50M | 2.20M | 600.00K | 1.20M | 1.00M | 1.00M | 700.00K | -1.60M | -1.90M | -1.90M | -1.40M | -1.00M | -1.00M |
| Net Income | 104.13M | 146.94M | 95.64M | 81.48M | 92.05M | 89.29M | 45.97M | 27.51M | 27.03M | 25.00M | 20.70M | -23.41M | 13.64M | 9.98M | 60.26M | 22.01M | 21.81M | 19.30M | 16.09M | 20.11M | 19.42M | 17.23M | 13.62M | 9.34M | 6.62M | 5.70M | 5.00M | 4.30M | 1.60M | 3.00M | 2.70M | 2.50M | 2.00M | 1.60M | 1.90M | 1.90M | 1.40M | 1.00M | 1.00M |
| Net Income Ratio | 19.06% | 37.40% | 29.89% | 27.21% | 33.50% | 33.16% | 21.52% | 17.28% | 18.19% | 15.37% | 12.53% | -14.55% | 7.75% | 5.20% | 30.65% | 20.44% | 22.31% | 21.27% | 19.25% | 26.07% | 27.47% | 28.08% | 26.85% | 21.51% | 23.14% | 22.18% | 22.42% | 21.50% | 8.94% | 18.75% | 18.88% | 18.25% | 15.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 2.54 | 4.12 | 3.19 | 2.81 | 3.12 | 3.02 | 1.82 | 1.37 | 1.34 | 1.22 | 1.01 | -1.37 | 0.44 | 0.35 | 3.38 | 1.38 | 1.52 | 1.35 | 1.14 | 1.42 | 1.38 | 1.26 | 1.01 | 0.70 | 0.88 | 0.56 | 0.33 | 0.28 | 0.05 | 0.10 | 0.09 | 0.08 | 0.07 | 0.24 | 0.28 | 0.28 | 0.21 | 0.04 | 0.05 |
| EPS Diluted | 2.51 | 4.12 | 3.19 | 2.81 | 3.10 | 3.01 | 1.82 | 1.33 | 1.30 | 1.19 | 0.98 | -1.37 | 0.44 | 0.35 | 3.37 | 1.37 | 1.51 | 1.34 | 1.12 | 1.40 | 1.35 | 1.23 | 0.98 | 0.69 | 0.85 | 0.54 | 0.32 | 0.28 | 0.05 | 0.10 | 0.09 | 0.08 | 0.07 | 0.24 | 0.28 | 0.28 | 0.21 | 0.04 | 0.05 |
| Weighted Avg Shares Out | 40.75M | 35.49M | 29.88M | 28.84M | 29.55M | 29.57M | 25.21M | 19.96M | 19.77M | 19.70M | 19.68M | 17.02M | 16.86M | 16.76M | 16.65M | 15.98M | 14.38M | 14.29M | 14.17M | 14.14M | 14.08M | 13.71M | 13.55M | 13.35M | 13.45M | 10.19M | 6.80M | 6.79M | 6.78M | 6.76M | 6.76M | 6.76M | 6.76M | 6.76M | 6.77M | 6.76M | 6.76M | 23.03M | 19.96M |
| Weighted Avg Shares Out (Dil) | 41.16M | 35.67M | 30.03M | 28.98M | 29.72M | 29.71M | 25.29M | 20.73M | 20.50M | 20.43M | 20.40M | 17.05M | 16.88M | 16.79M | 16.70M | 16.03M | 14.47M | 14.44M | 14.36M | 14.40M | 14.35M | 13.98M | 13.91M | 13.61M | 14.04M | 10.48M | 6.80M | 6.79M | 6.78M | 6.76M | 6.76M | 6.76M | 6.76M | 6.76M | 6.77M | 6.76M | 6.76M | 23.03M | 19.96M |
FIRST BANCORP ANNOUNCES RETIREMENT OF DIRECTOR
SOUTHERN PINES, N.C., July 30, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y.
First Bancorp of Indiana, Inc. Announces Suspension of Quarterly Cash Dividend
EVANSVILLE, Ind., July 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First Bancorp of Indiana, Inc. (OTCPK:FBPI) (the “Company”), the holding company for First Federal Savings Bank (the “Bank”), announced today that the Company's Board of Directors has...
First Bancorp (FBNC) Q2 Earnings and Revenues Beat Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.71 per share a year ago.
First Bancorp Reports Second Quarter Results
SOUTHERN PINES, N.C. , July 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $28.7 million, or $0.70 per diluted common share, for the three months ended...
The First Bancorp: Over 6% Dividend Yield, Earnings Likely To Turn Around Soon
Upcoming interest rate cuts will likely reverse the margin's downtrend and lift the bottom line. The loan portfolio is likely to continue to grow at a double-digit rate thanks to Maine's current economic condition. FNLC is offering a dividend yield...
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , June 14, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on...
First Bancorp (FBNC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for First Bancorp (FBNC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
First Bancorp (FBNC) Misses Q1 Earnings and Revenue Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.37 per share a year ago.
First Bancorp Reports First Quarter Results
SOUTHERN PINES, N.C. , April 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ: FBNC), the parent company of First Bank, announced today net income of $25.3 million, or $0.61 per diluted common share, for the three months ended March...
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , March 15, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable...
Source: https://incomestatements.info
Category: Stock Reports