FBNC · First Bancorp /Nc/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $67.62M | $70.12M | $32.82M | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $6.79M | $7.76M | $7.75M | $6.86M | $6.19M | $5.84M |
| Operating Income | $139.50M | $98.12M | $131.96M | $185.22M | $103.13M | $103.13M |
| Interest Expense | - | - | $142.10M | $16.10M | $9.52M | $19.56M |
| Income Tax | $28.45M | $21.90M | $27.82M | $38.28M | $24.68M | $21.65M |
| Net Income | $111.05M | $76.22M | $104.13M | $146.94M | $95.64M | $81.48M |
| EPS - Basic | $2.68 | $1.85 | $2.54 | $4.12 | $3.19 | $2.81 |
| EPS - Diluted | $2.68 | $1.84 | $2.53 | $4.12 | $3.19 | $2.81 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $309.60M | $507.51M | $237.85M | $270.32M | $461.16M | $367.29M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $12.67B | $12.15B | $12.11B | $10.63B | $10.51B | $7.29B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $74.57M | $91.88M | $630.16M | $287.51M | $67.39M | $61.83M |
| Total Liabilities | $11.01B | $10.70B | $10.74B | $9.59B | $9.28B | $6.40B |
| Stockholders' Equity | $1.65B | $1.45B | $1.37B | $1.03B | $1.23B | $893.42M |
| Retained Earnings | $829.66M | $756.33M | $716.42M | $648.42M | $532.87M | $478.49M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $203.13M | $174.78M | $131.40M | $230.65M | $138.90M | $57.08M |
| Investing Cash Flow | ($562.07M) | $169.67M | ($191.37M) | ($713.36M) | ($1.27B) | ($960.28M) |
| Financing Cash Flow | $161.03M | ($74.80M) | $27.51M | $291.86M | $1.23B | $1.04B |
| CapEx | $4.25M | $2.66M | $4.42M | $5.29M | $9.40M | $12.36M |
| Free Cash Flow | $198.89M | $172.12M | $126.97M | $225.37M | $129.50M | $44.71M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 206.3% | 139.9% | 402.1% | - | - | - |
| EBITDA margin | 216.3% | 151.0% | 425.7% | - | - | - |
| Net margin | 164.2% | 108.7% | 317.3% | - | - | - |
| Free cash flow margin | 294.1% | 245.5% | 386.9% | - | - | - |
| FCF / Net income | 1.79 | 2.26 | 1.22 | 1.53 | 1.35 | 0.55 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 20.4% | 22.3% | 21.1% | 20.7% | 20.5% | 21.0% |
| Return on assets | 0.9% | 0.6% | 0.9% | 1.4% | 0.9% | 1.1% |
| Return on equity | 6.7% | 5.3% | 7.6% | 14.2% | 7.8% | 9.1% |
| Return on invested capital | 6.4% | 5.0% | 5.2% | 11.1% | 6.3% | 8.5% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.05 | 0.06 | 0.46 | 0.28 | 0.05 | 0.07 |
| Debt / Assets | 0.01 | 0.01 | 0.05 | 0.03 | 0.01 | 0.01 |
| Debt / EBITDA | 0.51 | 0.87 | 4.51 | 1.50 | 0.62 | 0.57 |
| Interest coverage | - | - | 0.9x | 11.5x | 10.8x | 5.3x |
| Equity multiplier | 7.66 | 8.40 | 8.83 | 10.30 | 8.54 | 8.16 |
| Liabilities / Assets | 0.87 | 0.88 | 0.89 | 0.90 | 0.88 | 0.88 |
| Efficiency | ||||||
| Asset turnover | 0.01 | 0.01 | 0.00 | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 19.0x | 23.9x | 14.6x | 10.4x | 14.3x | 12.0x |
| P / B | 1.3x | 1.3x | 1.1x | 1.5x | 1.1x | 1.1x |
| P / S | 31.1x | 25.9x | 46.4x | - | - | - |
| EV / EBITDA | 12.8x | 13.2x | 13.7x | 8.0x | 9.0x | 6.2x |
| Growth | ||||||
| Revenue growth (YoY) | -3.6% | 113.7% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 42.2% | -25.6% | -28.8% | 79.6% | 0.0% | -11.3% |
| Net income growth (YoY) | 45.7% | -26.8% | -29.1% | 53.6% | 17.4% | -11.5% |
| EPS growth (YoY) | 45.7% | -27.3% | -38.6% | 29.2% | 13.5% | -9.4% |
| EPS CAGR (3y) | -13.4% | -16.8% | -3.4% | 9.9% | 2.0% | 15.6% |
| EPS CAGR (5y) | -0.9% | -9.9% | -3.4% | 17.8% | 19.1% | 16.7% |
| FCF growth (YoY) | 15.5% | 35.6% | -43.7% | 74.0% | 189.6% | -6.3% |
| FCF CAGR (5y) | 34.8% | 29.3% | 28.9% | 43.8% | 27.3% | 7.0% |
| Book value growth (YoY) | 14.4% | 5.3% | 33.0% | -16.2% | 37.7% | 4.8% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: State Commercial Banks
Comparing FIRST BANCORP /NC/ against the 5 most active filers in the same SIC group.
Dividends
$0.93/share trailing 12 months · +5.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.2400 |
| Dec 31, 2025 | $0.2300 |
| Sep 30, 2025 | $0.2300 |
| Jun 30, 2025 | $0.2300 |
| Mar 31, 2025 | $0.2200 |
| Dec 31, 2024 | $0.2200 |
| Sep 30, 2024 | $0.2200 |
| Jun 28, 2024 | $0.2200 |
| Mar 27, 2024 | $0.2200 |
| Dec 28, 2023 | $0.2200 |
| Sep 28, 2023 | $0.2200 |
| Jun 29, 2023 | $0.2200 |
| Mar 30, 2023 | $0.2200 |
| Dec 29, 2022 | $0.2200 |
| Sep 29, 2022 | $0.2200 |
| Jun 29, 2022 | $0.2200 |
| Mar 30, 2022 | $0.2200 |
| Dec 30, 2021 | $0.2000 |
| Sep 29, 2021 | $0.2000 |
| Jun 29, 2021 | $0.2000 |
| Mar 30, 2021 | $0.2000 |
| Dec 30, 2020 | $0.1800 |
| Sep 29, 2020 | $0.1800 |
| Jun 29, 2020 | $0.1800 |