See more : Knowledge Economic City Company (4310.SR) Income Statement Analysis – Financial Results
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 of Indiana, Inc. Announces Quarterly Cash Dividend Payable March 15, 2024
EVANSVILLE, Ind., Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First Bancorp of Indiana, Inc. (OTCPK:FBPI) has declared a quarterly cash dividend of $0.16 per share, payable to stockholders of record as of March 8, 2024.
First Bancorp of Indiana, Inc. Announces Financial Results
EVANSVILLE, Ind., Feb. 06, 2024 (GLOBE NEWSWIRE) -- First Bancorp of Indiana, Inc. (OTCPK:FBPI), the holding company (the “Company”) for First Federal Savings Bank (the “Bank”), reported earnings of $346,000 ($0.21 per diluted common share) for the second fiscal quarter...
First Bancorp (FBNC) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for First Bancorp (FBNC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
First Bancorp (FBNC) Surpasses Q4 Earnings Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $1.08 per share a year ago.
First Bancorp Reports Fourth Quarter and Annual Results
SOUTHERN PINES, N.C. , Jan. 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.7 million, or $0.72 per diluted common share, for the three months ended...
First Bancorp (FBNC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
First Bancorp (FBNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is a Surprise Coming for First Bancorp (FBNC) This Earnings Season?
First Bancorp (FBNC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
First Bancorp: A Quality Balance Sheet Justifies The 1.6x TBV Share Price
The First Bancorp's net interest income remains strong despite the challenging interest rate climate. The bank reported a net profit of $22.8M for the first nine months of 2023, with a low default rate on its loan book. The bank's...
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , Dec. 15, 2023 /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) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for First Bancorp (FBNC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Source: https://incomestatements.info
Category: Stock Reports