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Last $17.07 USD
Change Today +0.22 / 1.31%
Volume 29.4K
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first bancorp/nc (FBNC) Snapshot

Open
$16.86
Previous Close
$16.85
Day High
$17.07
Day Low
$16.82
52 Week High
12/29/14 - $18.86
52 Week Low
01/30/15 - $15.00
Market Cap
337.0M
Average Volume 10 Days
32.2K
EPS TTM
$1.27
Shares Outstanding
19.7M
EX-Date
06/26/15
P/E TM
13.4x
Dividend
$0.32
Dividend Yield
1.87%
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 engages in the provision of investment and insurance products, which comprise mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as financial planning services; and placement of property and casualty insurance products. It offers access to 67,000 ATMs. As of April 29, 2015, the company operated 87 branches, with 73 branches operating in North Carolina, 6 branches in South Carolina, and 7 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 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.

 

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FBNC:US $17.07 USD +0.22

FBNC Competitors

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Company Last Change
Carter Bank & Trust $12.60 USD +0.10
First Community Bancshares Inc/VA $17.79 USD -0.01
Metro Bancorp Inc $24.47 USD +0.20
Peoples Bancorp Inc/OH $21.04 USD -0.33
Univest Corp of Pennsylvania $19.93 USD -0.07
View Industry Companies
 

Industry Analysis

FBNC

Industry Average

Valuation FBNC Industry Range
Price/Earnings 13.9x
Price/Sales 2.5x
Price/Book 1.0x
Price/Cash Flow 13.0x
TEV/Sales NM Not Meaningful
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