FBNC - First Bancorp-Southern Pines NC Stock Price, Fair Value and News

32.62USD+0.37 (+1.15%)Market Closed

Market Summary

USD32.62+0.37

Market Closed

1.15%

FBNC Alerts

Big jump in Earnings (Y/Y)

FBNC Stock Price

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FBNC RSI Chart

FBNC Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

11.77

Price/Sales (Trailing)

2.7

EV/EBITDA

2.72

Price/Free Cashflow

19.47

FBNC Price/Sales (Trailing)

FBNC Profitability

EBT Margin

28.99%

Return on Equity

8.29%

Return on Assets

0.94%

Free Cashflow Yield

5.14%

FBNC Fundamentals

FBNC Revenue

Revenue (TTM)

498.2M

Rev. Growth (Yr)

8.02%

Rev. Growth (Qtr)

8e-4%

FBNC Earnings

Earnings (TTM)

114.1M

Earnings Growth (Yr)

65.52%

Earnings Growth (Qtr)

-15.43%

Breaking Down FBNC Revenue

Last 7 days

2.6%

Last 30 days

5.3%

Last 90 days

-8.4%

Trailing 12 Months

5.4%

How does FBNC drawdown profile look like?

FBNC Financial Health

Debt/Equity

0.24

Debt/Cashflow

0.22

FBNC Investor Care

Dividend Yield

2.7%

Dividend/Share (TTM)

0.88

Shares Dilution (1Y)

0.44%

Diluted EPS (TTM)

2.77

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	498.2M	0	0	0
2023	379.0M	419.7M	455.3M	488.8M
2022	277.0M	296.3M	324.1M	341.0M
2021	233.7M	237.2M	239.0M	255.9M
2020	250.4M	245.0M	241.3M	237.7M
2019	237.9M	244.2M	248.3M	250.1M
2018	190.8M	204.3M	217.8M	231.2M
2017	66.0M	121.7M	0	177.4M
2016	127.3M	88.3M	49.3M	10.3M
2015	133.6M	128.9M	127.7M	126.7M
2014	150.1M	147.5M	144.6M	139.8M
2013	150.7M	151.7M	149.4M	147.5M
2012	153.9M	150.8M	150.3M	152.5M
2011	158.4M	157.5M	156.6M	155.8M
2010	0	0	0	159.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of First Bancorp-Southern Pines NC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	mclamb carlie c jr	gifted	-9,509	33.84	-281	-
Mar 15, 2024	mclamb carlie c jr	bought	10,355	33.84	306	-
Mar 15, 2024	mclamb carlie c jr	gifted	-846	33.84	-25.00	-
Mar 08, 2024	mayer michael goodwin	acquired	130,462	35.26	3,700	president
Mar 08, 2024	buczkowski blaise bea	acquired	14,985	35.26	425	chief accounting officer
Mar 08, 2024	currie gregory a	acquired	56,098	35.26	1,591	chief banking officer
Mar 08, 2024	moore richard h	acquired	59,977	35.26	1,701	chief executive officer
Mar 08, 2024	bostian elizabeth b	acquired	50,245	35.26	1,425	chief financial officer
Feb 14, 2024	capel mary clara	sold	-16,909	33.818	-500	-
Jan 05, 2024	mayer michael goodwin	sold (taxes)	-95,892	37.01	-2,591	president

Which funds bought or sold FBNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-56.82	-570,759	415,669	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.06	-117,252	1,479,690	-%
May 16, 2024	COMERICA BANK	reduced	-9.22	-81,104	629,969	-%
May 15, 2024	Voya Investment Management LLC	reduced	-16.21	-110,771	497,192	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-264,696	-	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	575,103	575,103	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	sold off	-100	-658,112	-	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-6.45	-319,246	3,349,430	-%
May 15, 2024	Royal Bank of Canada	reduced	-18.92	-462,000	1,749,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-8.63	-456,301	3,759,770	0.01%

Are Funds Buying or Selling FBNC?

Are funds buying FBNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FBNC

No. of Funds

FBNC Alerts

Big jump in Earnings (Y/Y)

Unveiling First Bancorp-Southern Pines NC's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	6.79%	2,789,188	SC 13G/A
Jan 23, 2024	blackrock inc.	14.1%	5,779,189	SC 13G/A
Feb 09, 2023	vanguard group inc	6.98%	2,493,469	SC 13G/A
Jan 26, 2023	blackrock inc.	14.6%	5,220,770	SC 13G/A
Jan 20, 2023	blackrock inc.	14.6%	5,220,770	SC 13G/A
Feb 10, 2022	vanguard group inc	6.49%	2,310,573	SC 13G/A
Jan 27, 2022	blackrock inc.	14.6%	5,183,539	SC 13G/A
Jan 25, 2022	blackrock inc.	14.6%	5,183,539	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	4.8%	1,381,591	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	8.0%	17,432,554	SC 13G/A

Recent SEC filings of First Bancorp-Southern Pines NC

View All Filings

Date Filed	Form Type	Document
May 17, 2024	8-K	Current Report
May 14, 2024	8-K	Current Report
May 08, 2024	10-Q	Quarterly Report
May 03, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Mar 20, 2024	DEF 14A	DEF 14A
Mar 15, 2024	8-K	Current Report
Mar 15, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading

Peers (Alternatives to First Bancorp-Southern Pines NC)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

First Bancorp-Southern Pines NC News

Latest updates

First Bancorp-Southern Pines NC Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.0%	127	127	124	121	117	93.00	88.00	80.00	79.00	76.00	61.00	61.00	58.00	59.00	59.00	58.00	62.00	63.00	62.00	63.00	62.00
EBITDA Margin	-2.1%	0.97*	1.00*	1.09*	1.21*	1.34*	1.52*	1.45*	1.45*	1.45*	1.46*	1.56*	1.53*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.9%	79.00	82.00	85.00	87.00	92.00	84.00	85.00	78.00	77.00	74.00	59.00	59.00	55.00	56.00	55.00	53.00	55.00	55.00	54.00	54.00	53.00
Income Taxes	-18.8%	7.00	8.00	8.00	8.00	4.00	10.00	10.00	10.00	9.00	2.00	7.00	8.00	8.00	6.00	6.00	4.00	5.00	5.00	7.00	6.00	6.00
Earnings Before Taxes	-15.7%	32.00	38.00	38.00	37.00	19.00	48.00	48.00	46.00	43.00	13.00	35.00	37.00	36.00	30.00	30.00	21.00	23.00	26.00	32.00	30.00	28.00
EBT Margin	7.4%	0.29*	0.27*	0.31*	0.36*	0.43*	0.54*	0.46*	0.46*	0.46*	0.47*	0.58*	0.56*	-	-	-	-	-	-	-	-	-
Net Income	-15.4%	25.00	30.00	30.00	29.00	15.00	38.00	38.00	37.00	34.00	11.00	28.00	29.00	28.00	24.00	23.00	16.00	18.00	21.00	25.00	24.00	22.00
Net Income Margin	7.5%	0.23*	0.21*	0.25*	0.29*	0.34*	0.43*	0.37*	0.37*	0.37*	0.37*	0.46*	0.44*	-	-	-	-	-	-	-	-	-
Free Cashflow	-148.9%	-21.73	44.00	19.00	27.00	36.00	50.00	48.00	29.00	99.00	31.00	28.00	49.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.2%	12,092	12,115	11,978	12,033	12,363	10,625	10,516	10,566	10,652	10,509	8,489	8,201	1,800	7,290	7,064	6,889	6,376	6,144	6,069	6,012	6,050
Cash Equivalents	48.8%	354	238	274	361	713	270	270	434	566	461	394	475	530	367	397	680	376	231	317	339	447
Net PPE	-0.3%	151	151	152	152	153	134	134	135	135	136	124	123	123	121	119	115	114	115	137	137	138
Goodwill	0%	479	479	479	479	479	364	364	364	364	364	132	232	239	239	241	234	234	234	234	234	234
Liabilities	-0.3%	10,715	10,743	10,720	10,735	11,063	9,593	9,531	9,504	9,535	9,278	7,560	7,296	6,860	6,396	6,183	6,021	5,514	5,291	5,234	5,197	5,262
Long Term Debt	-47.3%	332	630	402	482	606	288	226	67.00	67.00	67.00	-	-	-	62.00	-	-	-	-	-	-	-
Shareholder's Equity	0.3%	1,376	1,372	1,258	1,298	1,300	1,032	984	1,062	1,117	1,231	930	905	877	893	881	868	862	852	835	815	788
Retained Earnings	2.3%	733	716	696	675	655	648	618	588	559	533	529	508	484	478	460	442	431	418	402	381	360
Shares Outstanding	0.1%	41.00	41.00	41.00	41.00	41.00	36.00	35.00	35.00	35.00	30.00	28.00	28.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,178	-	-	-	1,222	-	-	-	1,139	-	-	-	711	-	-	-	1,057	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-144.0%	-20,092	45,627	20,615	28,539	36,615	51,445	48,692	30,374	100,143	31,159	30,078	50,365	30,733	24,288	-10,452	30,825	13,672	17,816	8,766	7,647	17,009
Share Based Compensation	-42.6%	662	1,153	1,727	1,127	1,118	696	738	1,001	547	504	536	831	397	527	605	895	513	522	546	799	403
Cashflow From Investing	277.6%	171,104	-96,325	-84,827	-42,591	32,378	-101,845	-234,048	-128,441	-249,025	-52,667	-366,117	-537,040	-318,053	-259,117	-427,853	-216,139	-58,430	-156,258	-55,098	-45,865	-167,465
Cashflow From Financing	-334.1%	-35,025	14,964	-22,874	-338,655	374,071	51,203	20,768	-33,589	253,479	88,477	255,006	431,835	450,096	204,923	155,987	488,479	189,805	52,283	24,333	-69,129	134,365
Dividend Payments	0.0%	9,042	9,038	9,035	9,015	7,852	7,854	7,845	7,838	7,123	5,701	5,694	5,693	5,140	5,138	5,235	5,235	5,328	3,554	3,566	3,570	2,972
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	4,036	3,167	6,269	2,432	20,000	-	3,476	6,524	-

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FBNC Income Statement

2024-03-31

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Interest and fees on loans	$ 109,756	$ 99,380
Interest on investment securities:
Taxable interest income	12,728	13,416
Tax-exempt interest income	1,117	1,130
Other, principally overnight investments	2,971	3,248
Total interest income	126,572	117,174
Interest Expense
Interest on deposits	39,135	18,918
Interest on borrowings	8,205	5,770
Total interest expense	47,340	24,688
Net interest income	79,232	92,486
Provision for credit losses	1,200	12,502
Net interest income after provision for credit losses	78,032	79,984
Noninterest Income
Service charges on deposit accounts	3,868	3,894
Other service charges, commissions and fees	5,612	5,920
Presold mortgage loan fees and gains on sale	338	406
Commissions from sales of financial products	1,320	1,306
SBA consulting fees	257	521
SBA loan sale gains	895	255
Bank-owned life insurance income	1,164	1,046
Securities losses, net	(975)	0
Other gains, net	459	188
Total noninterest income	12,938	13,536
Noninterest Expense
Salaries	27,642	29,321
Employee benefits	6,269	6,393
Total personnel expense	33,911	35,714
Occupancy expense	3,663	3,688
Equipment related expenses	1,925	1,379
Merger and acquisition expenses	0	12,182
Intangibles amortization	1,759	2,145
Other operating expenses	17,929	19,067
Total noninterest expenses	59,187	74,175
Income before income taxes	31,783	19,345
Income tax expense	6,511	4,184
Net income	$ 25,272	$ 15,161
Earnings per common share:
Basic (in dollars per share)	$ 0.61	$ 0.37
Diluted (in dollars per share)	$ 0.61	$ 0.37
Weighted average common shares outstanding:
Basic (in shares)	40,843,865	40,583,417
Diluted (in shares)	41,249,636	41,112,692

FBNC Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks, noninterest-bearing	$ 87,181	$ 100,891
Due from banks, interest-bearing	266,661	136,964
Total cash and cash equivalents	353,842	237,855
Securities available for sale	2,088,483	2,189,379
Securities held to maturity (fair values of $436,655 at March 31, 2024 and $449,623 at December 31, 2023)	525,627	533,678
Presold mortgages in process of settlement	6,703	2,667
Loans	8,076,506	8,150,102
Allowance for credit losses on loans	(110,067)	(109,853)
Net loans	7,966,439	8,040,249
Premises and equipment, net	150,546	150,957
Operating right-of-use lease assets	16,551	17,063
Accrued interest receivable	35,147	37,351
Goodwill	478,750	478,750
Other intangible assets, net	30,886	32,858
Bank-owned life insurance	185,061	183,897
Other assets	253,562	210,238
Total assets	12,091,597	12,114,942
Liabilities
Noninterest-bearing deposits	3,362,265	3,379,876
Interest-bearing deposits	6,941,046	6,651,723
Total deposits	10,303,311	10,031,599
Borrowings	332,335	630,158
Accrued interest payable	9,847	5,699
Operating lease liabilities	17,343	17,833
Other liabilities	52,662	57,273
Total liabilities	10,715,498	10,742,562
Commitments and contingencies
Shareholders' Equity
Preferred stock, no par value per share. Authorized: 5,000,000 shares, Issued & outstanding: none and none	0	0
Common stock, no par value per share. Authorized: 60,000,000 shares, Issued & outstanding: 41,156,286 and 41,109,987 shares	965,429	963,990
Retained earnings	732,643	716,420
Stock in rabbi trust assumed in acquisition	(1,396)	(1,385)
Rabbi trust obligation	1,396	1,385
Accumulated other comprehensive loss	(321,973)	(308,030)
Total shareholders’ equity	1,376,099	1,372,380
Total liabilities and shareholders’ equity	$ 12,091,597	$ 12,114,942

About First Bancorp-Southern Pines NC

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

CEO	Mr. Richard Hancock Moore
WEBSITE	https://localfirstbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	1244

First Bancorp-Southern Pines NC Frequently Asked Questions

What is the ticker symbol for First Bancorp-Southern Pines NC? What does FBNC stand for in stocks?

FBNC is the stock ticker symbol of First Bancorp-Southern Pines NC. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Bancorp-Southern Pines NC (FBNC)?

As of Fri May 17 2024, market cap of First Bancorp-Southern Pines NC is 1.34 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FBNC stock?

You can check FBNC's fair value in chart for subscribers.

What is the fair value of FBNC stock?

You can check FBNC's fair value in chart for subscribers. The fair value of First Bancorp-Southern Pines NC is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Bancorp-Southern Pines NC is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FBNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Bancorp-Southern Pines NC a good stock to buy?

The fair value guage provides a quick view whether FBNC is over valued or under valued. Whether First Bancorp-Southern Pines NC is cheap or expensive depends on the assumptions which impact First Bancorp-Southern Pines NC's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FBNC.

What is First Bancorp-Southern Pines NC's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FBNC's PE ratio (Price to Earnings) is 11.77 and Price to Sales (PS) ratio is 2.7. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FBNC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Bancorp-Southern Pines NC's stock?

In the past 10 years, First Bancorp-Southern Pines NC has provided 0.08 (multiply by 100 for percentage) rate of return.