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FIRST BANCORP/NC (FBNC) Stock Fundamental Analysis

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

41.63  +0.65 (+1.59%)

After market: 41.63 0 (0%)

Fundamental Rating

4

Taking everything into account, FBNC scores 4 out of 10 in our fundamental rating. FBNC was compared to 396 industry peers in the Banks industry. FBNC has a bad profitability rating. Also its financial health evaluation is rather negative. 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

FBNC had positive earnings in the past year.
In the past year FBNC had a positive cash flow from operations.
In the past 5 years FBNC has always been profitable.
Each year in the past 5 years FBNC had a positive operating cash flow.
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

With a Return On Assets value of 0.90%, FBNC perfoms like the industry average, outperforming 56.06% of the companies in the same industry.
FBNC has a Return On Equity of 7.43%. This is comparable to the rest of the industry: FBNC outperforms 43.69% of its industry peers.
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 has a Profit Margin of 24.57%. This is comparable to the rest of the industry: FBNC outperforms 55.81% 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.
The number of shares outstanding for FBNC has been increased compared to 1 year ago.
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.
Looking at the Debt to FCF ratio, with a value of 0.37, FBNC belongs to the top of the industry, outperforming 83.84% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that FBNC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.06, FBNC is in the better half of the industry, outperforming 79.04% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.37
Altman-Z N/A
ROIC/WACCN/A
WACC15.9%
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.
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.
FBNC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.82%.
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)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 18.54% yearly.
Based on estimates for the next years, FBNC will show a quite strong growth in Revenue. The Revenue will grow by 10.19% on average per year.
EPS Next Y31.58%
EPS Next 2Y18.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.57%
Revenue Next 2Y10.19%
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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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.88, FBNC is valued correctly.
64.14% of the companies in the same industry are cheaper than FBNC, based on the Price/Earnings ratio.
FBNC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.52.
With a Price/Forward Earnings ratio of 10.70, the valuation of FBNC can be described as very reasonable.
FBNC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FBNC is more expensive than 61.36% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.25, FBNC is valued rather cheaply.
Industry RankSector Rank
PE 13.88
Fwd PE 10.7
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 cheaply inside the industry as 84.09% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7
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 18.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y18.54%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

FBNC has a Yearly Dividend Yield of 2.11%.
FBNC's Dividend Yield is slightly below the industry average, which is at 3.46.
FBNC's Dividend Yield is comparable with the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 2.11%

5.2 History

The dividend of FBNC is nicely growing with an annual growth rate of 14.00%!
FBNC has paid a dividend for at least 10 years, which is 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

32.41% of the earnings are spent on dividend by FBNC. This is a low number and sustainable payout ratio.
FBNC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP32.41%
EPS Next 2Y18.54%
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 (6/6/2025, 8:00:02 PM)

After market: 41.63 0 (0%)

41.63

+0.65 (+1.59%)

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-1.79%
Ins Owners1.93%
Ins Owner Change-2.13%
Market Cap1.72B
Analysts80
Price Target50.66 (21.69%)
Short Float %3.05%
Short Ratio6.31
Dividend
Industry RankSector Rank
Dividend Yield 2.11%
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)0.68%
PT rev (3m)-3.56%
EPS NQ rev (1m)2.47%
EPS NQ rev (3m)7.45%
EPS NY rev (1m)8.43%
EPS NY rev (3m)7.41%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)1.23%
Revenue NY rev (1m)1.6%
Revenue NY rev (3m)1.58%
Valuation
Industry RankSector Rank
PE 13.88
Fwd PE 10.7
P/S 3.78
P/FCF 7
P/OCF 6.97
P/B 1.14
P/tB 1.71
EV/EBITDA N/A
EPS(TTM)3
EY7.21%
EPS(NY)3.89
Fwd EY9.35%
FCF(TTM)5.94
FCFY14.28%
OCF(TTM)5.97
OCFY14.35%
SpS11.01
BVpS36.41
TBVpS24.34
PEG (NY)0.44
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
WACC15.9%
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 Y31.58%
EPS Next 2Y18.54%
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 Year13.57%
Revenue Next 2Y10.19%
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%