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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 |
Should Value Investors Buy First BanCorp. (FBP) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
First Bancorp (FBNC) Upgraded to Strong Buy: What Does It Mean for the Stock?
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Republic First Bancorp, Inc. (FRBK) CEO Vernon Hill on Q4 2021 Results - Earnings Call Transcript
Republic First Bancorp, Inc. (FRBK) CEO Vernon Hill on Q4 2021 Results - Earnings Call Transcript
First Bancorp (FBP) Reports Next Week: Wall Street Expects Earnings Growth
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What Makes First Bancorp (FBP) a Good Fit for "Trend Investing"
First Bancorp (FBP) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength"...
Is First BanCorp. (FBP) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Is First BanCorp. (FBP) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
First Bancorp Stock (FBNC): Cash Dividend Announced
The Board of Directors of First Bancorp (NASDAQ: FBNC), the parent company of First Bank, has declared a cash dividend. These are the details.
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Republic First Bancorp is a small Pennsylvania-based bank with additional activities in New Jersey and New York. The net income in the most recent quarter and the first three quarters of the year remains strong.
Republic First Bancorp, Inc.'s (FRBK) CEO Vernon Hill on Q3 2021 Results - Earnings Call Transcript
Republic First Bancorp, Inc.'s (FRBK) CEO Vernon Hill on Q3 2021 Results - Earnings Call Transcript
Source: https://incomestatements.info
Category: Stock Reports