Last $17.58 USD
Change Today +0.28 / 1.62%
Volume 36.3K
As of 5:20 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

first bancorp/nc (FBNC) Snapshot

Open
$17.32
Previous Close
$17.30
Day High
$17.58
Day Low
$17.20
52 Week High
03/20/14 - $19.65
52 Week Low
01/30/15 - $15.00
Market Cap
346.4M
Average Volume 10 Days
23.4K
EPS TTM
$1.23
Shares Outstanding
19.7M
EX-Date
12/29/14
P/E TM
14.3x
Dividend
$0.32
Dividend Yield
1.82%
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.

first bancorp/nc (FBNC) Top Compensated Officers

Chief Executive Officer, President, Treasurer...
Total Annual Compensation: $625.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $283.9K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $224.1K
Co-Chief Credit Officer of First Bank and Exe...
Total Annual Compensation: $215.0K
Compensation as of Fiscal Year 2013.

first bancorp/nc (FBNC) Key Developments

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.

First Bancorp Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-25-2015 03:15 PM

First Bancorp Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-25-2015 03:15 PM. Venue: The Langham Hotel, 250 Franklin Street, Boston, MA 02110, United States.

First Bancorp Names Rex M. Scott as Chief Operating Officer and Executive Vice President of First Bancorp and First Bank

On December 16, 2014, the Board of Directors of First Bancorp named Rex M. Scott as the Chief Operating Officer and an Executive Vice President of First Bancorp and of First Bank, the principal subsidiary of First Bancorp. Mr. Scott, age 59, has been with First Bancorp and First Bank since 2011. He joined First Bank in October 2011 as an information technology officer and was named Chief Information Officer of First Bank in October 2012. Prior to joining First Bank, Mr. Scott served as the Chief Operations Officer for CapStone Bank.

 

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Industry Analysis

FBNC

Industry Average

Valuation FBNC Industry Range
Price/Earnings 14.7x
Price/Sales 2.5x
Price/Book 1.1x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
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