Last $16.85 USD
Change Today +0.08 / 0.48%
Volume 10.0K
FBNC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 12:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

first bancorp/nc (FBNC) Snapshot

Open
$16.66
Previous Close
$16.77
Day High
$16.88
Day Low
$16.51
52 Week High
03/20/14 - $19.65
52 Week Low
10/3/13 - $13.55
Market Cap
332.0M
Average Volume 10 Days
24.3K
EPS TTM
$1.16
Shares Outstanding
19.7M
EX-Date
06/26/14
P/E TM
14.5x
Dividend
$0.32
Dividend Yield
1.90%
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.

837 Employees
Last Reported Date: 03/17/14
Founded in 1934

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 Plans to Construct a New Branch Facility at 4110 Bradham Drive; to Close First Bank Branch Located on Western Boulevard

First Bancorp is planning to construct a new branch facility at 4110 Bradham Drive, Jacksonville, North Carolina. Upon completion, the First Bank branch located on Western Boulevard will be closed and the accounts serviced at that branch will be reassigned to the new and improved branch. This is expected to occur in the first quarter of 2015 and is subject to regulatory approval.

First Bancorp Announces Cash Dividend Payable July 25, 2014

The board of directors of First Bancorp has declared a cash dividend on its common stock of $0.08 per share payable July 25, 2014 to shareholders of record as of June 30, 2014. The $0.08 per share dividend rate is the same as the rate declared in the comparable period of 2013.

First Bancorp Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

First Bancorp announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, total interest income was $37,676,000 against $35,089,000. Net interest income was $35,535,000 against $31,921,000 a year ago. Income before income taxes was $8,707,000 against $4,656,000 a year ago. Net income available to common shareholders was $5,459,000 against $2,855,000 a year ago. Diluted earnings per common share were $0.27 against $0.14 a year ago. The higher earnings were the result of a higher net interest margin, lower provision for loan losses and higher fee income. Return on average assets was 0.70% against 0.36% a year ago. Return on average common equity was 7.24% against 4.01% a year ago. Tangible book value per common share was $12.02 against $11.04 a year ago.

 

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Industry Analysis

FBNC

Industry Average

Valuation FBNC Industry Range
Price/Earnings 14.6x
Price/Sales 2.5x
Price/Book 1.1x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
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