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First Bancorp

Financial Services US FBNC

31.85USD
0.15(0.47%)

Last update at 2024-05-03T20:00:00Z

Day Range

31.4432.22
LowHigh

52 Week Range

25.8642.60
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 185.22M 120.32M 103.13M 116.28M 113.48M
Minority interest - - - - -
Net income 146.94M 95.64M 81.48M 92.05M 89.29M
Selling general administrative 117.72M 103.25M 100.97M 95.97M 91.97M
Selling and marketing expenses - - - - -
Gross profit 392.84M 320.01M 299.47M 274.79M 269.26M
Reconciled depreciation 3.68M 3.53M 13.60M 13.89M 12.84M
Ebit 201.32M 120.32M 103.13M 116.28M 143.33M
Ebitda 205.01M 123.85M 107.09M 121.13M 150.09M
Depreciation and amortization 3.68M 3.53M 3.96M 4.86M 6.76M
Non operating income net other - - - - -
Operating income 201.32M 120.32M 103.13M 116.28M 143.33M
Other operating expenses -191.51700M -199.68700M -196.33700M -158.51800M 125.93M
Interest expense 16.10M 9.52M 19.56M 33.90M 23.78M
Tax provision 38.28M 24.68M 21.65M 24.23M 24.19M
Interest income 340.96M 255.92M 237.68M 250.11M 231.21M
Net interest income 324.85M 246.40M 218.12M 216.20M 207.43M
Extraordinary items - - - 0.07M -
Non recurring - - - - -
Other items - - - - -
Income tax expense 38.28M 24.68M 21.65M 24.23M 24.19M
Total revenue 392.84M 320.01M 299.47M 274.79M 269.26M
Total operating expenses -191.51700M -199.68700M -196.33700M -158.51800M -125.93200M
Cost of revenue - - - - 0.00000M
Total other income expense net -16.10300M -9.52300M -19.56200M -33.90300M -29.85400M
Discontinued operations - - - - -
Net income from continuing ops 146.94M 95.64M 81.48M 92.05M 89.29M
Net income applicable to common shares 146.16M 95.64M 81.48M 92.05M 89.29M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 10625.05M 10508.90M 7289.75M 6143.64M 5863.69M
Intangible assets 376.94M 382.09M 254.64M 251.59M 253.57M
Earning assets - - - 1076.37M 1013.72M
Other current assets -169.18500M 6364.60M 3435.72M 3797.75M 3906.80M
Total liab 9593.45M 9278.33M 6396.33M 5291.24M 5099.46M
Total stockholder equity 1031.60M 1230.58M 893.42M 852.40M 764.23M
Deferred long term liab - - - - -
Other current liab -2.73800M -0.60700M -0.90400M -240.15400M 4348.30M
Common stock 725.15M 722.67M 400.58M 429.51M 434.45M
Capital stock 725.15M 722.67M 400.58M 429.51M 434.45M
Retained earnings 648.42M 532.87M 478.49M 417.76M 341.74M
Other liab 56.29M 65.12M 43.04M 37.20M 31.96M
Good will 364.26M 364.26M 239.27M 234.37M 234.37M
Other assets 6938.97M 3708.29M 3435.72M 3797.75M -0.42900M
Cash 270.32M 461.16M 367.29M 231.30M 462.90M
Cash and equivalents - - - - -
Total current liabilities 2.74M 0.61M 0.90M 240.15M 344.98M
Current deferred revenue -49.70800M - - - -
Net debt 36.58M -372.58400M -287.59300M 69.37M -56.28900M
Short term debt 52.45M 42.38M 238.00M 238.00M 343.00M
Short long term debt - - - 238.00M 343.00M
Short long term debt total 306.90M 88.58M 79.70M 300.67M 406.61M
Other stockholder equity 1106.47M 1302.97M 0.10M 0.10M 0.10M
Property plant equipment 152.92M 156.81M 120.50M 114.86M 119.00M
Total current assets 300.03M 3117.47M 1840.69M 1069.89M 4887.05M
Long term investments 2856.19M 3144.24M 1626.76M 889.88M 105.52M
Net tangible assets 658.66M 848.49M 638.78M 600.82M 508.75M
Short term investments 2314.49M 2630.41M 1453.13M 821.95M 501.35M
Net receivables 29.71M 25.90M 20.27M 16.65M 16.00M
Long term debt 287.51M 67.39M 61.83M 300.67M 406.61M
Inventory 0.66M -25.89600M 2.42M 3.87M 7.44M
Accounts payable 2.74M 0.61M 0.90M 2.15M 1.98M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -341.97500M -24.97000M 14.35M 5.12M -11.96100M
Additional paid in capital - - - - -
Common stock total equity - 722.67M 400.58M 429.51M 434.45M
Preferred stock total equity - - - - -
Retained earnings total equity - 532.87M 478.49M 417.76M 341.74M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -3386.05100M -3683.14000M -2013.33700M -1275.99000M 1.91M
Deferred long term asset charges - - - - -
Non current assets total 3386.05M 3683.14M 2013.34M 1275.99M 977.07M
Capital lease obligations 19.39M 21.19M 17.87M 19.86M -
Long term debt total - 67.39M 61.83M 300.67M 406.61M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -713.35900M -1462.69800M -950.88400M -432.91600M -312.84100M
Change to liabilities -1.81000M -0.28900M 8.55M 1.38M -5.88800M
Total cashflows from investing activities -713.35900M -1270.44300M -960.28100M -424.68600M -313.27900M
Net borrowings 219.87M -5.72900M -250.03500M -106.11900M -1.11600M
Total cash from financing activities 291.86M 1225.41M 1039.19M 141.85M 240.28M
Change to operating activities 5.17M 11.70M 13.20M -5.00200M -4.64800M
Net income 146.94M 95.64M 81.48M 92.05M 89.29M
Change in cash -190.84400M 93.87M 135.99M -231.59600M -26.59200M
Begin period cash flow 461.16M 367.29M 231.30M 462.90M 489.49M
End period cash flow 270.32M 461.16M 367.29M 231.30M 462.90M
Total cash from operating activities 230.65M 138.90M 57.08M 51.24M 46.41M
Issuance of capital stock - - - - -
Depreciation 15.33M 13.93M 13.60M 13.89M 12.84M
Other cashflows from investing activities -6.02800M 201.66M 2.97M 11.76M 10.29M
Dividends paid -30.66000M -22.22800M -20.93600M -13.66200M 11.28M
Change to inventory - - - - -
Change to account receivables -3.81400M -0.77300M -3.62400M -0.64400M -1.91000M
Sale purchase of stock -4.03600M -4.03600M -31.86800M -10.00000M 0.32M
Other cashflows from financing activities 322.65M -0.78600M -0.30700M -0.70200M 251.23M
Change to netincome 68.84M 7.99M 35.65M 5.64M 163.69M
Capital expenditures 5.29M 9.40M 12.36M 3.53M 10.72M
Change receivables - -0.77300M -3.62400M -0.64400M -1.91000M
Cash flows other operating - 10.28M -61.57400M -61.86700M -206.55000M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 93.87M 135.99M -231.59600M -26.59200M
Change in working capital 1.36M 10.92M -0.42800M -5.64600M -6.55800M
Stock based compensation 2.98M 2.27M 2.54M 2.27M 1.57M
Other non cash items 65.86M 20.94M -43.66500M -37.94900M -28.97700M
Free cash flow 225.37M 129.50M 44.71M 47.70M 35.69M

Fundamentals

  • Previous Close 31.70
  • Market Cap1522.41M
  • Volume183115
  • P/E Ratio12.82
  • Dividend Yield2.40%
  • Revenue TTM383.44M
  • Revenue Per Share TTM9.73
  • Gross Profit TTM 373.10M
  • Diluted EPS TTM2.89

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
FBNC
First Bancorp
0.15 0.47% 31.85 12.82 9.35 3.97 1.20
HDB
HDFC Bank Limited ADR
-0.38 0.65% 58.49 20.81 20.96 0.11 4.77
CIHHF
China Merchants Bank Co Ltd Class H
0.64 15.96% 4.65 4.13 3.71 0.32 0.59
CIHKY
China Merchants Bank Co Ltd
-0.03 0.13% 23.33 4.27 3.64 0.33 0.58
IBN
ICICI Bank Limited
-0.21 0.76% 27.36 17.79 16.95 0.07 3.08

Reports Covered

Stock Research & News

Profile

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

First Bancorp

300 SW Broad Street, Southern Pines, NC, United States, 28387

Key Executives

Name Title Year Born
Mr. Richard Hancock Moore Chairman & CEO 1961
Mr. Michael G. Mayer Pres & Director 1961
Ms. Elizabeth B. Bostian Exec. VP, Gen. Counsel, CFO & Sec. 1981
Ms. Blaise Buczkowski Exec. VP, Chief Admin. Officer & Chief Accounting Officer 1964

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