Logo image of FBNC

FIRST BANCORP/NC (FBNC) Stock Fundamental Analysis

NASDAQ:FBNC - Nasdaq - US3189101062 - Common Stock - Currency: USD

38.3  +1.25 (+3.37%)

After market: 38.3 0 (0%)

Fundamental Rating

4

Overall FBNC gets a fundamental rating of 4 out of 10. We evaluated FBNC against 398 industry peers in the Banks industry. FBNC scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FBNC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

3

1. Profitability

1.1 Basic Checks

In the past year FBNC was profitable.
In the past year FBNC had a positive cash flow from operations.
Each year in the past 5 years FBNC has been profitable.
FBNC had a positive operating cash flow in each of the past 5 years.
FBNC Yearly Net Income VS EBIT VS OCF VS FCFFBNC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

FBNC has a Return On Assets of 0.83%. This is comparable to the rest of the industry: FBNC outperforms 52.26% of its industry peers.
The Return On Equity of FBNC (6.98%) is worse than 61.56% of its industry peers.
Industry RankSector Rank
ROA 0.83%
ROE 6.98%
ROIC N/A
ROA(3y)0.95%
ROA(5y)0.97%
ROE(3y)8.98%
ROE(5y)8.75%
ROIC(3y)N/A
ROIC(5y)N/A
FBNC Yearly ROA, ROE, ROICFBNC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

The Profit Margin of FBNC (22.81%) is comparable to the rest of the industry.
FBNC's Profit Margin has declined in the last couple of years.
FBNC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 22.81%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.05%
PM growth 5Y-8.21%
GM growth 3YN/A
GM growth 5YN/A
FBNC Yearly Profit, Operating, Gross MarginsFBNC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

More info and screens

4

2. Health

2.1 Basic Checks

FBNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FBNC has more shares outstanding
The number of shares outstanding for FBNC has been increased compared to 5 years ago.
FBNC has a better debt/assets ratio than last year.
FBNC Yearly Shares OutstandingFBNC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
FBNC Yearly Total Debt VS Total AssetsFBNC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

The Debt to FCF ratio of FBNC is 0.53, which is an excellent value as it means it would take FBNC, only 0.53 years of fcf income to pay off all of its debts.
FBNC's Debt to FCF ratio of 0.53 is amongst the best of the industry. FBNC outperforms 84.17% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that FBNC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.06, FBNC belongs to the top of the industry, outperforming 80.65% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.53
Altman-Z N/A
ROIC/WACCN/A
WACC14.9%
FBNC Yearly LT Debt VS Equity VS FCFFBNC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FBNC Yearly Current Assets VS Current LiabilitesFBNC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

More info and screens

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.49% over the past year.
FBNC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.23% yearly.
Looking at the last year, FBNC shows a quite strong growth in Revenue. The Revenue has grown by 9.46% in the last year.
FBNC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
EPS 1Y (TTM)9.49%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%5.56%
Revenue 1Y (TTM)9.46%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%-33.69%

3.2 Future

The Earnings Per Share is expected to grow by 14.94% on average over the next years. This is quite good.
Based on estimates for the next years, FBNC will show a quite strong growth in Revenue. The Revenue will grow by 8.96% on average per year.
EPS Next Y21.35%
EPS Next 2Y14.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.77%
Revenue Next 2Y8.96%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FBNC Yearly Revenue VS EstimatesFBNC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
FBNC Yearly EPS VS EstimatesFBNC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 13.83, the valuation of FBNC can be described as correct.
Based on the Price/Earnings ratio, FBNC is valued a bit more expensive than the industry average as 64.57% of the companies are valued more cheaply.
FBNC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.33.
Based on the Price/Forward Earnings ratio of 11.39, the valuation of FBNC can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FBNC indicates a slightly more expensive valuation: FBNC is more expensive than 61.56% of the companies listed in the same industry.
FBNC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.37.
Industry RankSector Rank
PE 13.83
Fwd PE 11.39
FBNC Price Earnings VS Forward Price EarningsFBNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FBNC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FBNC is cheaper than 65.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.2
EV/EBITDA N/A
FBNC Per share dataFBNC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

FBNC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FBNC's earnings are expected to grow with 14.94% in the coming years.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y14.94%
EPS Next 3YN/A

More info and screens

6

5. Dividend

5.1 Amount

FBNC has a Yearly Dividend Yield of 2.37%.
FBNC's Dividend Yield is slightly below the industry average, which is at 3.66.
FBNC's Dividend Yield is comparable with the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 2.37%

5.2 History

The dividend of FBNC is nicely growing with an annual growth rate of 14.00%!
FBNC has been paying a dividend for at least 10 years, so it has a reliable track record.
FBNC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14%
Div Incr Years6
Div Non Decr Years14
FBNC Yearly Dividends per shareFBNC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

35.92% of the earnings are spent on dividend by FBNC. This is a low number and sustainable payout ratio.
FBNC's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP35.92%
EPS Next 2Y14.94%
EPS Next 3YN/A
FBNC Yearly Income VS Free CF VS DividendFBNC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FBNC Dividend Payout.FBNC Dividend Payout, showing the Payout Ratio.FBNC Dividend Payout.PayoutRetained Earnings

More info and screens

FIRST BANCORP/NC

NASDAQ:FBNC (4/22/2025, 8:01:53 PM)

After market: 38.3 0 (0%)

38.3

+1.25 (+3.37%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29 2025-01-29/amc
Earnings (Next)04-23 2025-04-23/amc
Inst Owners71.36%
Inst Owner Change-0.56%
Ins Owners1.93%
Ins Owner Change-0.13%
Market Cap1.58B
Analysts80
Price Target51.34 (34.05%)
Short Float %2.46%
Short Ratio5.72
Dividend
Industry RankSector Rank
Dividend Yield 2.37%
Yearly Dividend0.88
Dividend Growth(5Y)14%
DP35.92%
Div Incr Years6
Div Non Decr Years14
Ex-Date03-31 2025-03-31 (0.22)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.53%
Min EPS beat(2)-2.42%
Max EPS beat(2)3.49%
EPS beat(4)2
Avg EPS beat(4)2.83%
Min EPS beat(4)-5.07%
Max EPS beat(4)15.34%
EPS beat(8)4
Avg EPS beat(8)-4.9%
EPS beat(12)6
Avg EPS beat(12)-2.36%
EPS beat(16)9
Avg EPS beat(16)-2.8%
Revenue beat(2)0
Avg Revenue beat(2)-27.52%
Min Revenue beat(2)-37.62%
Max Revenue beat(2)-17.43%
Revenue beat(4)1
Avg Revenue beat(4)-15.19%
Min Revenue beat(4)-37.62%
Max Revenue beat(4)0.04%
Revenue beat(8)1
Avg Revenue beat(8)-10.25%
Revenue beat(12)3
Avg Revenue beat(12)-7.17%
Revenue beat(16)4
Avg Revenue beat(16)-5.5%
PT rev (1m)-2.27%
PT rev (3m)-2.5%
EPS NQ rev (1m)-1.71%
EPS NQ rev (3m)6.82%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)5.96%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)2.47%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.73%
Valuation
Industry RankSector Rank
PE 13.83
Fwd PE 11.39
P/S 3.58
P/FCF 9.2
P/OCF 9.06
P/B 1.1
P/tB 1.68
EV/EBITDA N/A
EPS(TTM)2.77
EY7.23%
EPS(NY)3.36
Fwd EY8.78%
FCF(TTM)4.16
FCFY10.87%
OCF(TTM)4.23
OCFY11.04%
SpS10.7
BVpS34.97
TBVpS22.83
PEG (NY)0.65
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.83%
ROE 6.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.81%
GM N/A
FCFM 38.91%
ROA(3y)0.95%
ROA(5y)0.97%
ROE(3y)8.98%
ROE(5y)8.75%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.05%
PM growth 5Y-8.21%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.53
Debt/EBITDA N/A
Cap/Depr 14.86%
Cap/Sales 0.6%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 170.56%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.9%
ROIC/WACCN/A
Cap/Depr(3y)25.81%
Cap/Depr(5y)52.53%
Cap/Sales(3y)1.07%
Cap/Sales(5y)2.06%
Profit Quality(3y)167.97%
Profit Quality(5y)139.01%
High Growth Momentum
Growth
EPS 1Y (TTM)9.49%
EPS 3Y-5.67%
EPS 5Y-2.23%
EPS Q2Q%5.56%
EPS Next Y21.35%
EPS Next 2Y14.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.46%
Revenue growth 3Y3.05%
Revenue growth 5Y4.9%
Sales Q2Q%-33.69%
Revenue Next Year11.77%
Revenue Next 2Y8.96%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y35.56%
FCF growth 3Y9.95%
FCF growth 5Y29.26%
OCF growth 1Y33.02%
OCF growth 3Y7.96%
OCF growth 5Y27.83%