FBNC

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the regional banks stocks, including First Bancorp (NASDAQ:FBNC) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 97 regional banks stocks we track reported a mixed Q3. As a group, revenues were in line with analysts’ consensus estimates. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Founded during the Great Depression in 1934 and originally known as Montgomery Bancorp, First Bancorp (NASDAQ:FBNC) is a community-oriented commercial bank providing a wide range of financial services to businesses and individuals in North and South Carolina. First Bancorp reported revenues of $117.9 million, up 21.1% year on year. This print exceeded analysts’ expectations by 3.6%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ revenue and net interest income estimates. Interestingly, the stock is up 22% since reporting and currently trades at $59.28. Is now the time to buy First Bancorp? Access our full analysis of the earnings results here, it’s free. With roots dating back to 1913 and a name derived from "United Missouri Bank," UMB Financial (NASDAQ:UMBF) is a financial holding company that provides banking, asset management, and fund services to commercial, institutional, and individual customers. UMB Financial reported revenues of $744.8 million, up 29.3% year on year, outperforming analysts’ expectations by 5.4%. The business had an exceptional quarter with a beat of analysts’ EPS and net interest income estimates. UMB Financial delivered the bigges...

First Bancorp reported first-quarter 2026 results, with net interest income of US$107.12 million, net income of US$46.66 million, and net charge-offs of US$1.4 million. Earnings per share of US$1.13 from continuing operations exceeded the prior year’s US$0.88, marking the fourth consecutive quarter beating consensus estimates. We will now examine how First Bancorp’s continued earnings outperformance versus analyst expectations shapes the company’s broader investment narrative. Invest in the nuclear renaissance through our list of 91 elite nuclear energy infrastructure plays powering the global AI revolution. To own First Bancorp, you need to be comfortable backing a regional bank that is pairing solid profitability with active capital returns while trading at a discount to several fair value estimates. The latest quarter reinforces that story: EPS of US$1.13 again topped expectations, and net interest income grew year on year, while net charge-offs of US$1.4 million look manageable and do not materially alter the near term catalysts around earnings momentum, dividend growth and execution of the new US$40 million buyback. Instead, the key questions remain whether the relatively high valuation multiples versus peers can be supported and how a relatively new management team and recent board turnover balance growth with credit discipline. The Q1 beat fits neatly into that debate rather than changing it. However, the premium valuation and fresh management bench introduce risks investors should understand. Despite retreating, First Bancorp's shares might still be trading 41% above their fair value. Discover the potential downside here. With only two fair value estimates from the Simply Wall St Community, views span roughly US$66 to just under US$100 per share, while our earlier discussion of earnings outperformance and management turnover gives you further angles to weigh the bank’s future resilience. Explore 2 other fair value estimates on First Bancorp - why the stock might be worth as much as 70% more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your First Bancorp research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision. Our free First Bancorp research report provides a comprehensive fundamental...

First Bancorp (FBNC) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.67%. A quarter ago, it was expected that this bank holding company for First Bank would post earnings of $1.03 per share when it actually produced earnings of $1.19, delivering a surprise of +15.53%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $122.29 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $105.79 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Bancorp shares have added about 16.5% since the beginning of the year versus the S&P 500's gain of 3.2%. While First Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of toda...

SOUTHERN PINES, N.C. (AP) — SOUTHERN PINES, N.C. (AP) — First Bancorp (FBNC) on Wednesday reported net income of $46.7 million in its first quarter. The bank, based in Southern Pines, North Carolina, said it had earnings of $1.13 per share. The bank holding company for First Bank posted revenue of $157.6 million in the period. Its revenue net of interest expense was $122.3 million, which missed Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBNC at https://www.zacks.com/ap/FBNC

First Bancorp (FBNC) reported $122.29 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 15.6%. EPS of $1.13 for the same period compares to $0.84 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $122.9 million, representing a surprise of -0.49%. The company delivered an EPS surprise of +3.67%, with the consensus EPS estimate being $1.09. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how First Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Charge-offs: 0.1% versus the two-analyst average estimate of 0.1%. Net Interest Margin: 3.7% versus the two-analyst average estimate of 3.7%. Average Interest-Earning Assets: $11.79 billion versus $11.8 billion estimated by two analysts on average. Bank-Owned Life Insurance Income: $1.34 million compared to the $1.2 million average estimate based on two analysts. Total Non Interest Income: $15.18 million compared to the $14.9 million average estimate based on two analysts. Other service charges, commissions and fees: $5.94 million compared to the $5.97 million average estimate based on two analysts. Commissions from sales of insurance and financial products: $1.49 million versus the two-analyst average estimate of $1.89 million. Service charges on deposit accounts: $3.95 million versus the two-analyst average estimate of $3.92 million. Fees from presold mortgage loans: $0.67 million compared to the $0.8 million average estimate based on two analysts. View all Key Company Metrics for First Bancorp here>>> Shares of First Bancorp have returned +3.6% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get th...

First Quarter 2026 Highlights D-EPS was $1.13 per share for the first quarter of 2026 compared to $0.38 for the linked quarter and $0.88 for the like quarter. The net interest margin was 3.67% for the quarter ended March 31, 2026, an expansion of 0.09% from the linked quarter and 0.42% from the like quarter. The efficiency ratio for the quarter ended March 31, 2026 was 49.05%, compared 73.75% for the linked quarter and 54.51% for the like quarter. See Appendix I. Total loans were $8.8 billion at March 31, 2026, representing an increase of $71.4 million, or 3.3% annualized. Adjusting for the paydown of one larger seasonal loan, loan growth for the quarter was 5.9% annualized. Total loan yield was 5.58%, down 1 basis point from the linked quarter and up 6 basis points from the like quarter. The yield on securities increased 5 basis points to 2.74% for the quarter ended March 31, 2026 from 2.69% for the linked quarter. Total cost of funds decreased 5 basis points to 1.31% for the quarter ended March 31, 2026 from 1.36% for the linked quarter and 1.51% for the like quarter. Average core deposits were $10.8 billion for the first quarter of 2026, a decrease of $13.2 million from the linked quarter and an increase of $227.6 million for the like quarter. Total cost of deposits was 1.28%, a decrease of 4 basis points from 1.32% for the linked quarter and a decrease of 18 basis points from the like quarter at 1.46%. Expense management continues to be a focus. Noninterest expenses of $60.2 million represented a $1.8 million decrease from the linked quarter and a $2.3 million increase from the like quarter. The linked quarter decrease was driven by a $1.3 million decrease in Other operating expenses and a $0.9 million decrease in Total personnel expense. Noninterest-bearing demand deposits were $3.6 billion, representing 33% of total deposits at March 31, 2026. During the first quarter of 2026, period end customer deposits grew $264.0 million. The loan-to-deposit ratio was 79.9% as of March 31, 2026. SOUTHERN PINES, N.C., April 22, 2026 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today. The Company announced net income of $46.7 million, or $1.13 diluted earnings per share ("D-EPS"), for the three months ended March 31, 2026 compared to $15.7 million, or $0.38 D-EPS, for the th...

Over the past six months, First Bancorp has been a great trade, beating the S&P 500 by 14.9%. Its stock price has climbed to $58.62, representing a healthy 17.5% increase. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to buy First Bancorp, or should you be careful about including it in your portfolio? Check out our in-depth research report to see what our analysts have to say, it’s free. Despite the momentum, we're cautious about First Bancorp. Here are three reasons why FBNC doesn't excite us and a stock we'd rather own. In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investing banking, and trading fees. Over the last five years, First Bancorp grew its revenue at a mediocre 8.2% compounded annual growth rate. This fell short of our benchmark for the banking sector. Net interest margin (NIM) represents how much a bank earns in relation to its outstanding loans. It's one of the most important metrics to track because it shows how a bank's loans are performing and whether it has the ability to command higher premiums for its services. Over the past two years, we can see that First Bancorp’s net interest margin averaged a subpar 3.1%, meaning it must compensate for lower profitability through increased loan originations. Analyzing the long-term change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions. First Bancorp’s unimpressive 6.5% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. First Bancorp isn’t a terrible business, but it doesn’t pass our bar. With its shares topping the market in recent months, the stock trades at 1.5× forward P/B (or $58.62 per share). Beauty is in the eye of the beholder, but we don’t really see a big opportunity at the moment. We're fairly confident there are better investments elsewhere. Let us point you toward a top digital advertising platform ridi...

First Bancorp currently trades at $57.53 per share and has shown little upside over the past six months, posting a middling return of 3.9%. Is now the time to buy First Bancorp, or should you be careful about including it in your portfolio? Get the full breakdown from our expert analysts, it’s free. We're swiping left on First Bancorp for now. Here are three reasons there are better opportunities than FBNC and a stock we'd rather own. Net interest income and and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Over the last five years, First Bancorp grew its revenue at a mediocre 8.2% compounded annual growth rate. This fell short of our benchmark for the banking sector. Net interest margin (NIM) serves as a critical gauge of a bank's fundamental profitability by showing the spread between interest income and interest expenses. It's essential for understanding whether a firm can sustainably generate returns from its lending operations. Over the past two years, we can see that First Bancorp’s net interest margin averaged a subpar 3.1%, reflecting its high servicing and capital costs. We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable. First Bancorp’s unimpressive 6.5% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. First Bancorp isn’t a terrible business, but it doesn’t pass our quality test. That said, the stock currently trades at 1.5× forward P/B (or $57.53 per share). Investors with a higher risk tolerance might like the company, but we think the potential downside is too great. We're pretty confident there are more exciting stocks to buy at the moment. Let us point you toward one of our top digital advertising picks. ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging for this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. First Bancorp (FBNC) has drawn fresh attention after releasing fourth quarter and full year 2025 results, with higher net interest income, net income, and earnings per share shaping the latest view of the bank’s performance. For the fourth quarter, First Bancorp reported net interest income of US$106.2 million and net income of US$15.71 million, with basic and diluted earnings per share from continuing operations at US$0.38. Across 2025, net interest income was US$398.25 million and net income reached US$111.05 million, with basic and diluted earnings per share from continuing operations of US$2.68 for the year. See our latest analysis for First Bancorp. Those results sit alongside a 30 day share price return of 16.58% and a 90 day share price return of 24.24%. The 1 year total shareholder return of 41.90% and 5 year total shareholder return of 94.55% point to momentum that has built over time rather than just around this quarter. If earnings strength at a regional bank has your attention, it can be a good moment to widen your research and check out other solid balance sheet and fundamentals stocks screener (None results). With the share price up strongly and the stock trading only about 1% below the US$61.60 analyst target, yet screening at roughly a 36% intrinsic discount, is there still a buying opportunity here or is the market already pricing in future growth? On simple earnings terms, First Bancorp’s P/E of 22.8x sits well above both its own estimated fair level and the broader US Banks peer group. This suggests the market is paying a premium for each dollar of earnings at the current $60.95 share price. The P/E ratio compares the share price to earnings per share and is a quick way to see how much investors are paying for current profits. For a bank like First Bancorp, it often reflects what the market is expecting from future earnings and return on equity, as well as how comfortable investors feel about the quality and stability of those earnings. Here, the 22.8x P/E is higher than the estimated “fair” P/E of 16.3x, a level the market could potentially move toward if sentiment or expectations cool. It is also higher than both the peer average of 11.8x and the broader US Banks industry average of 12.1x, which points to a clear valuation premium...

For the quarter ended December 2025, First Bancorp (FBNC) reported revenue of $83.9 million, down 18.1% over the same period last year. EPS came in at $1.19, compared to $0.76 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $121.95 million, representing a surprise of -31.2%. The company delivered an EPS surprise of +15.53%, with the consensus EPS estimate being $1.03. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how First Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Charge-offs: 0.1% versus 0.2% estimated by two analysts on average. Net Interest Margin: 3.6% compared to the 3.6% average estimate based on two analysts. Average Interest-Earning Assets: $11.79 billion versus the two-analyst average estimate of $11.87 billion. Bank-Owned Life Insurance Income: $1.38 million versus $1.15 million estimated by two analysts on average. Total Non Interest Income: $21.42 million compared to the $14.63 million average estimate based on two analysts. Other service charges, commissions and fees: $5.65 million compared to the $6.21 million average estimate based on two analysts. Service charges on deposit accounts: $4.27 million versus the two-analyst average estimate of $4.16 million. Commissions from sales of insurance and financial products: $1.8 million versus $1.77 million estimated by two analysts on average. View all Key Company Metrics for First Bancorp here>>> Shares of First Bancorp have returned +10.5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Bancorp (FBNC) : Free Stock Analysis Report This articl...

Fourth Quarter 2025 Highlights Diluted earnings per share ("D-EPS") was $0.38 per share for the fourth quarter of 2025 compared to $0.49 for the linked quarter and $0.08 for the like quarter. Excluding the impact of the $43.7 million securities loss, adjusted D-EPS was $1.19 per share for the fourth quarter of 2025. Loan growth accelerated in the fourth quarter, resulting in total loans of $8.7 billion at December 31, 2025, representing an increase of $303.2 million, or 14.3% annualized. Total loan yield was 5.58%, down 11 basis points from the linked quarter and up 11 basis points from the like quarter. The yield on securities increased 14 basis points to 2.69% for the quarter ended December 31, 2025 from 2.55% for the linked quarter. A securities loss-earnback transaction was executed during November, including the sale of $342.0 million of securities and the purchase of $228.4 million of securities with a weighted average yield of 4.36%. The increased yield on the new purchases was included for half of the fourth quarter. Total cost of funds decreased 15 basis points to 1.36% for the quarter ended December 31, 2025 from 1.51% for the linked quarter and 1.62% for the like quarter. Average core deposits were $10.8 billion for the fourth quarter of 2025, a decrease of $7.8 million from the linked quarter. Total cost of deposits was 1.32%, a decrease of 14 basis points from 1.46% for the linked quarter and a decrease of 25 basis points from the like quarter at 1.57%. Expense management continues to be a focus. Noninterest expenses of $62.2 million represented a $2.0 million increase from the linked quarter and $3.9 million from the like quarter. The linked quarter increase was driven by a $1.8 million increase in Other operating expenses and a $0.6 million increase in Total personnel expense. During the fourth quarter of 2025, the Company sold an office building and recognized a pretax gain of $4.6 million. Noninterest-bearing demand deposits were $3.5 billion, representing 32% of total deposits at December 31, 2025. During the fourth quarter of 2025, period end customer deposits contracted by $132.8 million. The loan-to-deposit ratio increased to 81.2% as of December 31, 2025. The Company repaid $18 million of subordinated debt during the fourth quarter. As a result, along with loan growth, certain regulatory capital ratios declined during the quarter. SOUTH...

First Bancorp (FBNC) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +15.53%. A quarter ago, it was expected that this bank holding company for First Bank would post earnings of $0.93 per share when it actually produced earnings of $1.01, delivering a surprise of +8.6%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $83.9 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 31.2%. This compares to year-ago revenues of $102.48 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Bancorp shares have added about 13.7% since the beginning of the year versus the S&P 500's decline of 0.7%. While First Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of...