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FIRST BANCORP/NC (FBNC) Stock Fundamental Analysis

NASDAQ:FBNC - Nasdaq - US3189101062 - Common Stock - Currency: USD

49.29  +0.28 (+0.57%)

After market: 49.29 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FBNC. FBNC was compared to 392 industry peers in the Banks industry. FBNC has a bad profitability rating. Also its financial health evaluation is rather negative. FBNC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

FBNC had positive earnings in the past year.
FBNC had a positive operating cash flow in the past year.
Each year in the past 5 years FBNC has been profitable.
In the past 5 years FBNC always reported a positive cash flow from operatings.
FBNC Yearly Net Income VS EBIT VS OCF VS FCFFBNC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

FBNC has a Return On Assets (0.90%) which is in line with its industry peers.
With a Return On Equity value of 7.43%, FBNC perfoms like the industry average, outperforming 43.62% of the companies in the same industry.
Industry RankSector Rank
ROA 0.9%
ROE 7.43%
ROIC N/A
ROA(3y)0.95%
ROA(5y)0.97%
ROE(3y)8.98%
ROE(5y)8.75%
ROIC(3y)N/A
ROIC(5y)N/A
FBNC Yearly ROA, ROE, ROICFBNC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

With a Profit Margin value of 24.57%, FBNC perfoms like the industry average, outperforming 55.61% of the companies in the same industry.
FBNC's Profit Margin has declined in the last couple of years.
FBNC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 24.57%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.05%
PM growth 5Y-8.21%
GM growth 3YN/A
GM growth 5YN/A
FBNC Yearly Profit, Operating, Gross MarginsFBNC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

FBNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FBNC has more shares outstanding
Compared to 5 years ago, FBNC has more shares outstanding
The debt/assets ratio for FBNC has been reduced compared to a year ago.
FBNC Yearly Shares OutstandingFBNC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
FBNC Yearly Total Debt VS Total AssetsFBNC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

FBNC has a debt to FCF ratio of 0.37. This is a very positive value and a sign of high solvency as it would only need 0.37 years to pay back of all of its debts.
FBNC has a Debt to FCF ratio of 0.37. This is amongst the best in the industry. FBNC outperforms 83.42% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that FBNC is not too dependend on debt financing.
FBNC has a better Debt to Equity ratio (0.06) than 78.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.37
Altman-Z N/A
ROIC/WACCN/A
WACC13.62%
FBNC Yearly LT Debt VS Equity VS FCFFBNC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FBNC Yearly Current Assets VS Current LiabilitesFBNC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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5

3. Growth

3.1 Past

FBNC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.03%, which is quite good.
The Earnings Per Share has been decreasing by -2.23% on average over the past years.
The Revenue for FBNC has decreased by -13.36% in the past year. This is quite bad
The Revenue has been growing slightly by 4.90% on average over the past years.
EPS 1Y (TTM)17.03%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%32.86%
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%15.99%

3.2 Future

Based on estimates for the next years, FBNC will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.15% on average per year.
Based on estimates for the next years, FBNC will show a quite strong growth in Revenue. The Revenue will grow by 10.54% on average per year.
EPS Next Y31.38%
EPS Next 2Y18.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.99%
Revenue Next 2Y10.54%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FBNC Yearly Revenue VS EstimatesFBNC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
FBNC Yearly EPS VS EstimatesFBNC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 15.26, which indicates a correct valuation of FBNC.
Based on the Price/Earnings ratio, FBNC is valued a bit more expensive than 71.17% of the companies in the same industry.
FBNC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.48.
The Price/Forward Earnings ratio is 12.75, which indicates a correct valuation of FBNC.
FBNC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FBNC is more expensive than 69.90% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FBNC to the average of the S&P500 Index (34.04), we can say FBNC is valued rather cheaply.
Industry RankSector Rank
PE 15.26
Fwd PE 12.75
FBNC Price Earnings VS Forward Price EarningsFBNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

FBNC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FBNC is cheaper than 77.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.3
EV/EBITDA N/A
FBNC Per share dataFBNC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

FBNC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FBNC's earnings are expected to grow with 18.15% in the coming years.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y18.15%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

FBNC has a Yearly Dividend Yield of 1.84%.
Compared to an average industry Dividend Yield of 3.50, FBNC is paying slightly less dividend.
FBNC's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.84%

5.2 History

On average, the dividend of FBNC grows each year by 14.00%, which is quite nice.
FBNC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)14%
Div Incr Years0
Div Non Decr Years0
FBNC Yearly Dividends per shareFBNC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

FBNC pays out 32.41% of its income as dividend. This is a sustainable payout ratio.
The dividend of FBNC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.41%
EPS Next 2Y18.15%
EPS Next 3YN/A
FBNC Yearly Income VS Free CF VS DividendFBNC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FBNC Dividend Payout.FBNC Dividend Payout, showing the Payout Ratio.FBNC Dividend Payout.PayoutRetained Earnings

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FIRST BANCORP/NC

NASDAQ:FBNC (8/8/2025, 8:00:02 PM)

After market: 49.29 0 (0%)

49.29

+0.28 (+0.57%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-23 2025-07-23/amc
Earnings (Next)10-21 2025-10-21/amc
Inst Owners70.96%
Inst Owner Change0.01%
Ins Owners1.59%
Ins Owner Change-0.59%
Market Cap2.04B
Analysts78.18
Price Target49.41 (0.24%)
Short Float %2.51%
Short Ratio4.21
Dividend
Industry RankSector Rank
Dividend Yield 1.84%
Yearly Dividend0.88
Dividend Growth(5Y)14%
DP32.41%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-30 2025-06-30 (0.23)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.55%
Min EPS beat(2)3.49%
Max EPS beat(2)5.61%
EPS beat(4)3
Avg EPS beat(4)5.5%
Min EPS beat(4)-2.42%
Max EPS beat(4)15.34%
EPS beat(8)5
Avg EPS beat(8)3.32%
EPS beat(12)6
Avg EPS beat(12)-2.79%
EPS beat(16)9
Avg EPS beat(16)-3.45%
Revenue beat(2)0
Avg Revenue beat(2)-19.6%
Min Revenue beat(2)-37.62%
Max Revenue beat(2)-1.58%
Revenue beat(4)1
Avg Revenue beat(4)-14.14%
Min Revenue beat(4)-37.62%
Max Revenue beat(4)0.04%
Revenue beat(8)1
Avg Revenue beat(8)-9.41%
Revenue beat(12)2
Avg Revenue beat(12)-7.44%
Revenue beat(16)4
Avg Revenue beat(16)-5.47%
PT rev (1m)0%
PT rev (3m)-1.82%
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)1.83%
EPS NY rev (1m)0%
EPS NY rev (3m)8.27%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)0.73%
Revenue NY rev (3m)1.99%
Valuation
Industry RankSector Rank
PE 15.26
Fwd PE 12.75
P/S 4.48
P/FCF 8.3
P/OCF 8.26
P/B 1.36
P/tB 2.03
EV/EBITDA N/A
EPS(TTM)3.23
EY6.55%
EPS(NY)3.87
Fwd EY7.84%
FCF(TTM)5.94
FCFY12.05%
OCF(TTM)5.97
OCFY12.11%
SpS10.99
BVpS36.37
TBVpS24.31
PEG (NY)0.49
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.9%
ROE 7.43%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.57%
GM N/A
FCFM 54%
ROA(3y)0.95%
ROA(5y)0.97%
ROE(3y)8.98%
ROE(5y)8.75%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.05%
PM growth 5Y-8.21%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.37
Debt/EBITDA N/A
Cap/Depr 7.35%
Cap/Sales 0.28%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 219.77%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC13.62%
ROIC/WACCN/A
Cap/Depr(3y)25.81%
Cap/Depr(5y)52.53%
Cap/Sales(3y)1.07%
Cap/Sales(5y)2.06%
Profit Quality(3y)167.97%
Profit Quality(5y)139.01%
High Growth Momentum
Growth
EPS 1Y (TTM)17.03%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%32.86%
EPS Next Y31.38%
EPS Next 2Y18.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%15.99%
Revenue Next Year13.99%
Revenue Next 2Y10.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y51.23%
FCF growth 3Y9.95%
FCF growth 5Y29.26%
OCF growth 1Y48.01%
OCF growth 3Y7.96%
OCF growth 5Y27.83%