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FIRST BANCORP/NC (FBNC) Stock Fundamental Analysis

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

43.75  +0.6 (+1.39%)

After market: 43.75 0 (0%)

Fundamental Rating

4

Overall FBNC gets a fundamental rating of 4 out of 10. We evaluated FBNC against 395 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 has a Return On Assets (0.90%) which is in line with its industry peers.
The Return On Equity of FBNC (7.43%) is comparable to the rest of the 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

FBNC's Profit Margin of 24.57% is in line compared to the rest of the industry. FBNC outperforms 55.70% of its industry peers.
In the last couple of years the Profit Margin of FBNC has declined.
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

The Debt to FCF ratio of FBNC is 0.37, which is an excellent value as it means it would take FBNC, only 0.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FBNC (0.37) is better than 83.80% of its industry peers.
FBNC has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
FBNC has a better Debt to Equity ratio (0.06) than 78.99% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.37
Altman-Z N/A
ROIC/WACCN/A
WACC14.25%
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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6

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.
FBNC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.23% yearly.
FBNC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.82%.
Measured over the past years, FBNC shows a small growth in Revenue. The Revenue has been growing by 4.90% on average per year.
EPS 1Y (TTM)8.3%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%37.7%
Revenue 1Y (TTM)16.82%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%14.77%

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 18.15% yearly.
The Revenue is expected to grow by 9.70% on average over the next years. This is quite good.
EPS Next Y31.38%
EPS Next 2Y18.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.16%
Revenue Next 2Y9.7%
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.
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

Based on the Price/Earnings ratio of 14.58, the valuation of FBNC can be described as correct.
FBNC's Price/Earnings ratio is a bit more expensive when compared to the industry. FBNC is more expensive than 66.08% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. FBNC is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 11.31, which indicates a very decent valuation of FBNC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FBNC indicates a slightly more expensive valuation: FBNC is more expensive than 64.56% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.49. FBNC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.58
Fwd PE 11.31
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

83.29% of the companies in the same industry are more expensive than FBNC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.36
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

The 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)0.46
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 2.13%. Purely for dividend investing, there may be better candidates out there.
FBNC's Dividend Yield is slightly below the industry average, which is at 3.53.
Compared to an average S&P500 Dividend Yield of 2.43, FBNC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.13%

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 (6/27/2025, 8:06:04 PM)

After market: 43.75 0 (0%)

43.75

+0.6 (+1.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-23 2025-07-23/amc
Inst Owners70.96%
Inst Owner Change-1.79%
Ins Owners1.59%
Ins Owner Change-0.44%
Market Cap1.81B
Analysts78.18
Price Target49.41 (12.94%)
Short Float %2.74%
Short Ratio5.74
Dividend
Industry RankSector Rank
Dividend Yield 2.13%
Yearly Dividend0.88
Dividend Growth(5Y)14%
DP32.41%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31 2025-03-31 (0.22)
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)-2.47%
PT rev (3m)-5.95%
EPS NQ rev (1m)-0.4%
EPS NQ rev (3m)7.93%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)7.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.5%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)1.22%
Valuation
Industry RankSector Rank
PE 14.58
Fwd PE 11.31
P/S 3.97
P/FCF 7.36
P/OCF 7.32
P/B 1.2
P/tB 1.8
EV/EBITDA N/A
EPS(TTM)3
EY6.86%
EPS(NY)3.87
Fwd EY8.84%
FCF(TTM)5.94
FCFY13.59%
OCF(TTM)5.97
OCFY13.66%
SpS11.01
BVpS36.41
TBVpS24.34
PEG (NY)0.46
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
WACC14.25%
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 Y31.38%
EPS Next 2Y18.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.82%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%14.77%
Revenue Next Year13.16%
Revenue Next 2Y9.7%
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%