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Last $16.17 USD
Change Today -0.06 / -0.37%
Volume 43.9K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

first bancorp/nc (FBNC) Snapshot

Open
$16.25
Previous Close
$16.23
Day High
$16.41
Day Low
$15.90
52 Week High
12/29/14 - $18.86
52 Week Low
01/30/15 - $15.00
Market Cap
318.7M
Average Volume 10 Days
24.8K
EPS TTM
$1.29
Shares Outstanding
19.7M
EX-Date
03/27/15
P/E TM
12.5x
Dividend
$0.32
Dividend Yield
1.98%
Current Stock Chart for FIRST BANCORP/NC (FBNC)

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first bancorp/nc (FBNC) Details

First Bancorp operates as the bank holding company for First Bank that provides various banking products and services for individuals and small to medium-sized businesses primarily in North Carolina, Southwestern Virginia, and Northeastern South Carolina. It accepts various deposit products, including checking, savings, and money market accounts, as well as time deposits comprising certificates of deposits and individual retirement accounts. The company also provides loans for various consumer and commercial purposes, such as loans for business, agriculture, real estate, personal uses, home improvement, and automobiles. In addition, it offers credit cards, debit cards, letters of credit, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and Internet banking, mobile banking, cash management, bank-by-phone services, ATM, and remote deposit capture services. Further, the company is engaged in the provision of investment and insurance products, which comprise mutual funds, annuities, long-term care insurance, and life insurance, as well as financial planning services; and placement of property and casualty insurance products. It offers access to 67,000 ATMs. As of December 31, 2013, the company operated 96 branches, including 81 branches in North Carolina, 7 branches in South Carolina, and 8 branches in Virginia. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

770 Employees
Last Reported Date: 03/13/15
Founded in 1934

first bancorp/nc (FBNC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $525.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $336.3K
President of First Bank and Director of First...
Total Annual Compensation: $325.6K
Chief Strategy Officer, Chief Strategy Office...
Total Annual Compensation: $345.0K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $224.0K
Compensation as of Fiscal Year 2014.

first bancorp/nc (FBNC) Key Developments

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.

First Bancorp Declares Cash Dividend, Payable on April 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 April 24, 2015 to shareholders of record as of March 31, 2015. The $0.08 per share dividend rate is the same as the rate declared in the comparable period of 2014.

First Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

First Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of USD 32,827,000 compared to USD 37,590,000 a year ago. Net interest income was USD 30,923,000 compared to USD 35,276,000 a year ago. Income before income taxes was USD 10,950,000 against USD 8,731,000 a year ago. Net income available to common shareholders was USD 6,878,000 or USD 0.34 per share against USD 5,461,000 or USD 0.27 per diluted share a year ago. Return on average assets was 0.85% against 0.68% a year ago. Return on average common equity was 8.56% against 7.31% a year ago. For the year, the company reported total interest income of USD 139,832,000 compared to USD 147,511,000 a year ago. Net interest income was USD 131,609,000 compared to USD 136,526,000 a year ago. Income before income taxes was USD 38,531,000 against USD 32,780,000 a year ago. Net income available to common shareholders was USD 24,128,000 or USD 1.19 per share against USD 19,804,000 or USD 0.98 per diluted share a year ago. Return on average assets was 0.75% against 0.62% a year ago. Return on average common equity was 7.73% against 6.78% a year ago. Common tangible book value as at December 31, 2014 was USD 12.63 per share against USD 11.81 a year ago. The higher earnings in both periods were primarily the result of lower provisions for loan losses. Book value per share as at December 31, 2014 was USD 12.63 against USD 11.81 a year ago.

 

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FBNC:US $16.17 USD -0.06

FBNC Competitors

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Company Last Change
Capital City Bank Group Inc $14.43 USD +0.36
Carter Bank & Trust $12.50 USD 0.00
First Community Bancshares Inc/VA $16.51 USD -0.25
Metro Bancorp Inc $25.29 USD -0.35
Peoples Bancorp Inc/OH $22.79 USD -0.40
View Industry Companies
 

Industry Analysis

FBNC

Industry Average

Valuation FBNC Industry Range
Price/Earnings 13.0x
Price/Sales 2.3x
Price/Book 1.0x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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