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Last $16.66 USD
Change Today -0.36 / -2.12%
Volume 3.2K
FBNC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:15 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

first bancorp/nc (FBNC) Key Developments

First Bancorp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

First Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $31.260 million against $35.955 million a year ago. Net interest income was $29.605 million against $33.808 million a year ago. Net interest income after provision for loan losses was $28.764 million against $30.149 million a year ago. Income before income taxes was $9.468 million against $10.339 million a year ago. Net income was $6.244 million against $6.646 million a year ago. Net income available to common shareholders was $6.032 million against $6.429 million a year ago. Diluted earnings per common share were $0.30 against $0.32 a year ago. Net interest income, tax-equivalent was $30.007 million against $34.183 million a year ago. Return on average assets was 0.76% against 0.79% a year ago. Return on average common equity was 7.42% against 8.32% a year ago. The lower earnings recorded in the second quarter of 2015 were primarily due to a lower amount of discount accretion on loans purchased in failed-bank acquisitions, which was partially offset by a lower provision for loan losses. For the six months, the company reported total interest income of $62.718 million against $73.631 million a year ago. Net interest income was $59.308 million against $69.343 million a year ago. Net interest income after provision for loan losses was $58.631 million against $62.109 million a year ago. Income before income taxes was $20.150 million against $19.046 million a year ago. Net income was $13.232 million against $12.322 million a year ago. Net income available to common shareholders was $12.803 million against $11.888 million a year ago. Diluted earnings per common share were $0.63 against $0.59 a year ago. Net interest income, tax-equivalent was $60.100 million against $70.092 million a year ago. Return on average assets was 0.81% against 0.74% a year ago. Return on average common equity was 7.98% against 7.79% a year ago. Stated book value –common as on June 30, 2015 was $16.51 against $15.75 as on June 30, 2014. Tangible book value-common as on June 30, 2015 was $13.10 against $12.28 as on June 30, 2014. The higher earnings were primarily the result of a lower provision for loan losses.

First Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015

First Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 . Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Edward F. Soccorso, Chief Strategy Officer, Chief Strategy Officer of First Bank and Executive Vice President of First Bank, Richard Hancock Moore, Chief Executive Officer, President, Director, Member of Executive & Loan Committee and Director of First Bank.

First Bancorp Declares Cash Dividend, Payable on July 24, 2015

The board of directors of First Bancorp has declared a cash dividend on its common stock of $0.08 per share payable on July 24, 2015 to shareholders of record as of June 30, 2015. The $0.08 per share dividend rate is the same as the rate declared in the comparable period of 2014.

First Bancorp Presents at Gulf South Bank Conference, May-05-2015 11:35 AM

First Bancorp Presents at Gulf South Bank Conference, May-05-2015 11:35 AM. Venue: 921 Canal Street, New Orleans, Louisiana, United States.

First Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

First Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of USD 31.458 million compared to USD 37.676 million a year ago. Net interest income was USD 29.703 million compared to USD 35.535 million a year ago. Income before income taxes was USD 10.682 million compared to USD 8.707 million a year ago. Net income was USD 6.988 million compared to USD 5.676 million a year ago. Diluted earnings per share was USD 0.33 compared to USD 0.27 a year ago. Book value per share was USD 16.34 compared to USD 15.50 a year ago. Tangible book value per share was USD 12.90 compared to USD 12.02 a year ago. Return on average assets was 0.86% compared to 0.70% a year ago. Return on average common equity was 8.54% compared to 7.24% a year ago.

 

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FBNC Competitors

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Company Last Change
Carter Bank & Trust $12.30 USD -0.11
First Community Bancshares Inc/VA $17.73 USD +0.02
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Univest Corp of Pennsylvania $19.07 USD -0.28
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Industry Analysis

FBNC

Industry Average

Valuation FBNC Industry Range
Price/Earnings 13.8x
Price/Sales 2.5x
Price/Book 1.0x
Price/Cash Flow 12.9x
TEV/Sales NM Not Meaningful
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