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FBNC

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

36.38USD+0.44 (+1.22%)Delayed as of 28 Mar 2024, 12:56 pm ET

Market Summary

FBNC
USD36.38+0.44
Delayedas of 28 Mar 2024, 12:56 pm
1.22%

FBNC Alerts

  • 1 major insider buys recently.
  • Big jump in Revenue (Y/Y)

FBNC Stock Price

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FBNC RSI Chart

FBNC Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

14.2

Price/Sales (Trailing)

3.02

EV/EBITDA

3.85

Price/Free Cashflow

11.64

FBNC Price/Sales (Trailing)

FBNC Profitability

EBT Margin

27.00%

Return on Equity

7.59%

Return on Assets

0.86%

Free Cashflow Yield

8.59%

FBNC Fundamentals

FBNC Revenue

Revenue (TTM)

488.8M

Rev. Growth (Yr)

35.94%

Rev. Growth (Qtr)

2.2%

FBNC Earnings

Earnings (TTM)

104.1M

Earnings Growth (Yr)

-22.79%

Earnings Growth (Qtr)

-0.73%

Breaking Down FBNC Revenue

52 Week Range

26.2636.51
(Low)(High)

Last 7 days

2.9%

Last 30 days

-1.6%

Last 90 days

-6.6%

Trailing 12 Months

-11.2%

How does FBNC drawdown profile look like?

FBNC Financial Health

Debt/Equity

0.46

Debt/Cashflow

0.21

FBNC Investor Care

Dividend Yield

2.45%

Dividend/Share (TTM)

0.88

Shares Dilution (1Y)

0.63%

Diluted EPS (TTM)

2.53

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023379.0M419.7M455.3M488.8M
2022277.0M296.3M324.1M341.0M
2021233.7M237.2M239.0M255.9M
2020250.4M245.0M241.3M237.7M
2019237.9M244.2M248.3M250.1M
2018190.8M204.3M217.8M231.2M
201766.0M121.7M0177.4M
2016127.3M88.3M49.3M10.3M
2015133.6M128.9M127.7M126.7M
2014150.1M147.5M144.6M139.8M
2013150.7M151.7M149.4M147.5M
2012153.9M150.8M150.3M152.5M
2011158.4M157.5M156.6M155.8M
2010000159.3M

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold FBNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
added
5.36
57,300
205,851
-%
Mar 11, 2024
VANGUARD GROUP INC
added
1.93
26,226,200
103,228,000
-%
Mar 05, 2024
GREENWOOD CAPITAL ASSOCIATES LLC
added
97.77
1,416,560
2,301,280
0.15%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
102
4,585,980
7,337,360
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.84
187,503
804,079
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
103,000
429,000
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
6.98
345,000
1,194,000
-%
Feb 16, 2024
WESBANCO BANK INC
sold off
-100
-1,691,440
-
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-6.95
771,068
4,216,070
0.02%
Feb 15, 2024
BARCLAYS PLC
added
36.41
1,351,000
3,053,000
-%

1–10 of 49

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

Unveiling First Bancorp-Southern Pines NC's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
Mar 20, 2024
DEF 14A
DEF 14A
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
8-K
Current Report
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Feb 28, 2024
10-K
Annual Report
Feb 23, 2024
4
Insider Trading

What is the Fair Value of FBNC?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to First Bancorp-Southern Pines NC)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
574.7B
171.1B
9.83% 42.39%
11.6
3.36
60.72% 31.52%
297.7B
130.3B
8.68% 33.18%
11.23
2.29
79.51% -3.68%
206.2B
85.7B
10.06% 39.05%
10.77
2.41
41.49% 39.96%
120.0B
133.3B
10.88% 37.45%
13
0.9
79.09% -
16.4B
10.2B
11.38% -2.76%
10.23
1.61
44.53% -22.43%
14.6B
7.9B
6.82% 30.36%
15.11
1.84
46.47% -49.56%
MID-CAP
7.2B
4.2B
2.60% 18.49%
8.16
1.72
56.25% -23.46%
6.4B
3.9B
0.02% 35.77%
9.4
1.62
45.91% -25.03%
3.3B
1.3B
-0.91% 7.40%
12.35
2.6
43.24% -22.35%
3.2B
2.0B
-1.30% -0.93%
17.55
1.64
70.97% -50.03%
SMALL-CAP
509.4M
120.2M
2.72% 45.71%
19.47
4.24
25.23% -24.02%
428.7M
164.9M
-6.65% 19.35%
36.65
2.6
42.66% -70.76%
411.8M
162.6M
-0.86% -7.25%
13.69
2.53
25.39% -38.37%
313.8M
96.6M
-6.16% 2.24%
9.9
3.25
11.02% -11.37%
46.8M
60.9M
-6.19% -32.56%
-13.99
0.77
24.06% -144.92%

First Bancorp-Southern Pines NC News

Latest updates
Investing.com • 15 Mar 2024 • 09:57 pm
Investing.com Australia • 15 Mar 2024 • 06:53 pm
WDRB • 15 Mar 2024 • 01:48 pm
PR Newswire • 2 years ago

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

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue2.2%12712412111793.0088.0080.0079.0076.0061.0061.0058.0059.0059.0058.0062.0063.0062.0063.0062.0061.00
EBITDA Margin-9.1%1.00*1.09*1.21*1.34*1.52*1.45*1.45*1.45*1.46*1.56*1.53*1.46*---------
Interest Expenses-2.6%82.0085.0087.0092.0084.0085.0078.0077.0074.0059.0059.0055.0056.0055.0053.0055.0055.0054.0054.0053.0054.00
Income Taxes3.3%8.008.008.004.0010.0010.0010.009.002.007.008.008.006.006.004.005.005.007.006.006.006.00
Earnings Before Taxes0.1%38.0038.0037.0019.0048.0048.0046.0043.0013.0035.0037.0036.0030.0030.0021.0023.0026.0032.0030.0028.0030.00
EBT Margin-13.8%0.27*0.31*0.36*0.43*0.54*0.46*0.46*0.46*0.47*0.58*0.56*0.50*---------
Net Income-0.7%30.0030.0029.0015.0038.0038.0037.0034.0011.0028.0029.0028.0024.0023.0016.0018.0021.0025.0024.0022.0024.00
Net Income Margin-14.1%0.21*0.25*0.29*0.34*0.43*0.37*0.37*0.37*0.37*0.46*0.44*0.39*---------
Free Cashflow130.5%44.0019.0027.0036.0050.0048.0029.0099.0031.0028.0049.0026.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets1.1%12,11511,97812,03312,36310,62510,51610,56610,65210,5098,4898,2011,8007,2907,0646,8896,3766,1446,0696,0126,0505,864
    Cash Equivalents-13.1%238274361713270270434566461394475530367397680376231317339447463
  Net PPE-0.7%151152152153134134135135136124123123121119115114115137137138119
  Goodwill0%479479479479364364364364364132232239239241234234234234234234234
Liabilities0.2%10,74310,72010,73511,0639,5939,5319,5049,5359,2787,5607,2966,8606,3966,1836,0215,5145,2915,2345,1975,2625,100
  Long Term Debt56.8%63040248260628822667.0067.0067.00---62.00--------
Shareholder's Equity9.1%1,3721,2581,2981,3001,0329841,0621,1171,231930905877893881868862852835815788764
  Retained Earnings3.0%716696675655648618588559533529508484478460442431418402381360342
Shares Outstanding0.1%41.0041.0041.0041.0036.0035.0035.0035.0030.0028.0028.0028.00---------
Float---1,178---1,222---1,139---711---1,057--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations121.3%45,62720,61528,53936,61551,44548,69230,374100,14331,15930,07850,36530,73324,288-10,45230,82513,67217,8168,7667,64717,00922,723
  Share Based Compensation-33.2%1,1531,7271,1271,1186967381,001547504536831397527605895513522546799403368
Cashflow From Investing-13.6%-96,325-84,827-42,59132,378-101,845-234,048-128,441-249,025-52,667-366,117-537,040-318,053-259,117-427,853-216,139-58,430-156,258-55,098-45,865-167,465-198,446
Cashflow From Financing165.4%14,964-22,874-338,655374,07151,20320,768-33,589253,47988,477255,006431,835450,096204,923155,987488,479189,80552,28324,333-69,129134,365127,892
  Dividend Payments0.0%9,0389,0359,0157,8527,8547,8457,8387,1235,7015,6945,6935,1405,1385,2355,2355,3283,5543,5663,5702,9722,973
  Buy Backs------------4,0363,1676,2692,43220,000-3,4766,524--

FBNC Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income   
Interest and fees on loans$ 418,668$ 278,027$ 219,013
Interest on investment securities:   
Taxable interest income52,27653,53632,076
Tax-exempt interest income4,4854,3872,402
Other, principally overnight investments13,3305,0072,427
Total interest income488,759340,957255,918
Interest Expense   
Interest on deposits114,86611,3497,881
Interest on borrowings27,2354,7541,642
Total interest expense142,10116,1039,523
Net interest income346,658324,854246,395
Provision for loan losses19,75012,6009,611
(Reversal of) provision for unfunded commitments(1,937)(200)5,420
Total provision for credit losses17,81312,40015,031
Net interest income after provision for credit losses328,845312,454231,364
Noninterest Income   
Service charges on deposit accounts16,80015,52312,317
Other service charges, commissions and fees22,27026,29425,516
Presold mortgage loan gains1,6132,10210,975
Commissions from sales of insurance and financial products5,5035,1956,947
SBA consulting fees1,8032,6087,231
SBA loan sale gains2,4895,0767,329
Bank-owned life insurance income4,3503,8472,885
Securities losses, net00(1,237)
Other gains, net2,6627,3401,648
Total noninterest income57,49067,98573,611
Noninterest Expense   
Salaries114,37796,32186,815
Employee benefits25,47421,39716,434
Total personnel expense139,851117,718103,249
Occupancy expense14,96312,79611,528
Equipment related expenses6,0275,8084,492
Merger and acquisition expenses13,6955,07216,845
Intangibles amortization8,0033,6843,531
Other operating expenses71,84050,14245,011
Total noninterest expense254,379195,220184,656
Income before income taxes131,956185,219120,319
Income tax expense27,82538,28324,675
Net income$ 104,131$ 146,936$ 95,644
Earnings per common share: Basic (in usd per shares)$ 2.54$ 4.12$ 3.19
Earnings per common share: Diluted (in usd per share)2.534.123.19
Dividends declared per common share (in usd per shares)$ 0.88$ 0.88$ 0.80
Weighted average common shares outstanding:   
Basic (in shares)40,746,77235,485,62029,876,151
Diluted (in shares)41,164,83435,674,73030,027,785

FBNC Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash and due from banks, noninterest-bearing$ 100,891$ 101,133
Due from banks, interest-bearing136,964169,185
Total cash and cash equivalents237,855270,318
Securities available for sale2,189,3792,314,493
Securities held to maturity (fair values of $449,623 in 2023 and $432,528 in 2022)533,678541,700
Presold mortgages and SBA loans in process of settlement2,6671,282
Loans8,150,1026,665,145
Allowance for credit losses on loans(109,853)(90,967)
Net loans8,040,2496,574,178
Premises and equipment, net150,957134,187
Operating right-of-use lease assets17,06318,733
Accrued interest receivable37,35129,710
Goodwill478,750364,263
Other intangible assets, net32,85812,675
Bank-owned life insurance183,897164,592
Other assets210,238198,918
Total assets12,114,94210,625,049
Liabilities  
Deposits: Noninterest-bearing deposits3,379,8763,566,003
Interest-bearing deposits6,651,7235,661,526
Total deposits10,031,5999,227,529
Borrowings630,158287,507
Accrued interest payable5,6992,738
Operating lease liabilities17,83319,391
Other liabilities57,27356,288
Total liabilities10,742,5629,593,453
Commitments and contingencies (see Note 12)
Shareholders’ Equity  
Preferred stock00
Common stock963,990725,153
Retained earnings716,420648,418
Stock in rabbi trust assumed in acquisition(1,385)(1,585)
Rabbi trust obligation1,3851,585
Accumulated other comprehensive loss(308,030)(341,975)
Total shareholders’ equity1,372,3801,031,596
Total liabilities and shareholders’ equity$ 12,114,942$ 10,625,049
FBNC
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
 WEBSITElocalfirstbank.com
 EMPLOYEES1244

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 Wed Mar 27 2024, market cap of First Bancorp-Southern Pines NC is 1.48 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 Wed Mar 27 2024, FBNC's PE ratio (Price to Earnings) is 14.2 and Price to Sales (PS) ratio is 3.02. 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.