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FIRST BANCORP/NC (FBNC) Stock Fundamental Analysis

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

42.11  -0.25 (-0.59%)

Premarket: 41.57 -0.54 (-1.28%)

Fundamental Rating

4

FBNC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 397 industry peers in the Banks industry. Both the profitability and financial health of FBNC have multiple concerns. FBNC has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FBNC was profitable.
In the past year FBNC had a positive cash flow from operations.
In the past 5 years FBNC has always been profitable.
FBNC had a positive operating cash flow in each of the past 5 years.
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's Return On Assets of 0.83% is in line compared to the rest of the industry. FBNC outperforms 51.13% of its industry peers.
With a Return On Equity value of 6.98%, FBNC is not doing good in the industry: 62.97% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.83%
ROE 6.98%
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

FBNC has a Profit Margin (22.81%) which is in line with its industry peers.
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) 22.81%
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
The number of shares outstanding for FBNC has been increased compared to 5 years ago.
FBNC has a better debt/assets ratio than last year.
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 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
FBNC has a Debt to FCF ratio of 0.53. This is amongst the best in the industry. FBNC outperforms 82.87% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that FBNC is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.06, FBNC is doing good in the industry, outperforming 79.09% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.53
Altman-Z N/A
ROIC/WACCN/A
WACC14.39%
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 8.30%, which is quite good.
Measured over the past years, FBNC shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.23% on average per year.
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)8.3%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%37.7%
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%14.78%

3.2 Future

FBNC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.94% yearly.
Based on estimates for the next years, FBNC will show a quite strong growth in Revenue. The Revenue will grow by 8.96% on average per year.
EPS Next Y21.35%
EPS Next 2Y14.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.77%
Revenue Next 2Y8.96%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.04, which indicates a correct valuation of FBNC.
64.74% of the companies in the same industry are cheaper than FBNC, based on the Price/Earnings ratio.
FBNC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.10.
A Price/Forward Earnings ratio of 11.51 indicates a reasonable valuation of FBNC.
FBNC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FBNC is more expensive than 63.98% of the companies in the same industry.
FBNC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.74.
Industry RankSector Rank
PE 14.04
Fwd PE 11.51
FBNC Price Earnings VS Forward Price EarningsFBNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FBNC is valued a bit cheaper than the industry average as 62.22% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.12
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.
FBNC's earnings are expected to grow with 14.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y14.94%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.13%, FBNC has a reasonable but not impressive dividend return.
FBNC's Dividend Yield is slightly below the industry average, which is at 3.49.
FBNC's Dividend Yield is comparable with the S&P500 average which is at 2.43.
Industry RankSector Rank
Dividend Yield 2.13%

5.2 History

The dividend of FBNC is nicely growing with an annual growth rate of 14.00%!
FBNC has been paying a dividend for at least 10 years, so it has a reliable track record.
FBNC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)14%
Div Incr Years6
Div Non Decr Years14
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

35.92% of the earnings are spent on dividend by FBNC. This is a low number and sustainable payout ratio.
FBNC's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP35.92%
EPS Next 2Y14.94%
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 (5/5/2025, 8:07:26 PM)

Premarket: 41.57 -0.54 (-1.28%)

42.11

-0.25 (-0.59%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners71.36%
Inst Owner Change-1.33%
Ins Owners1.93%
Ins Owner Change-0.13%
Market Cap1.74B
Analysts80
Price Target50.32 (19.5%)
Short Float %2.95%
Short Ratio5.94
Dividend
Industry RankSector Rank
Dividend Yield 2.13%
Yearly Dividend0.88
Dividend Growth(5Y)14%
DP35.92%
Div Incr Years6
Div Non Decr Years14
Ex-Date03-31 2025-03-31 (0.22)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.53%
Min EPS beat(2)-2.42%
Max EPS beat(2)3.49%
EPS beat(4)2
Avg EPS beat(4)2.83%
Min EPS beat(4)-5.07%
Max EPS beat(4)15.34%
EPS beat(8)4
Avg EPS beat(8)-4.9%
EPS beat(12)6
Avg EPS beat(12)-2.36%
EPS beat(16)9
Avg EPS beat(16)-2.8%
Revenue beat(2)0
Avg Revenue beat(2)-27.52%
Min Revenue beat(2)-37.62%
Max Revenue beat(2)-17.43%
Revenue beat(4)1
Avg Revenue beat(4)-15.19%
Min Revenue beat(4)-37.62%
Max Revenue beat(4)0.04%
Revenue beat(8)1
Avg Revenue beat(8)-10.25%
Revenue beat(12)3
Avg Revenue beat(12)-7.17%
Revenue beat(16)4
Avg Revenue beat(16)-5.5%
PT rev (1m)-4.21%
PT rev (3m)-4.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.82%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)5.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.73%
Valuation
Industry RankSector Rank
PE 14.04
Fwd PE 11.51
P/S 3.94
P/FCF 10.12
P/OCF 9.97
P/B 1.21
P/tB 1.85
EV/EBITDA N/A
EPS(TTM)3
EY7.12%
EPS(NY)3.66
Fwd EY8.69%
FCF(TTM)4.16
FCFY9.88%
OCF(TTM)4.22
OCFY10.03%
SpS10.69
BVpS34.94
TBVpS22.82
PEG (NY)0.66
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.83%
ROE 6.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.81%
GM N/A
FCFM 38.91%
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 0.53
Debt/EBITDA N/A
Cap/Depr 14.86%
Cap/Sales 0.6%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 170.56%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.39%
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)8.3%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%37.7%
EPS Next Y21.35%
EPS Next 2Y14.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%14.78%
Revenue Next Year11.77%
Revenue Next 2Y8.96%
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 1Y35.56%
FCF growth 3Y9.95%
FCF growth 5Y29.26%
OCF growth 1Y33.02%
OCF growth 3Y7.96%
OCF growth 5Y27.83%