FBNC

MKT CAP:$2B

First Bancorp

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$58.79+$7.88 (+15.47%)

Apr 23, 2026

Company Details

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 primarily in North Carolina and northeastern South Carolina. It accepts depos...

CEO

Richard Hancock Moore

IPO Date

Apr 30, 1987

Website

localfirstbank.com

Key Metrics TTM

Revenue

$541M

+0.5% YoY

Net Income

$121M

EPS (Diluted)

$2.93

Free Cash Flow

$199M

Revenue / Share

$13.09

Gross Margin

51.2%

Operating Margin

28.9%

Net Margin

22.4%

FCF Margin

36.8%

P/S

4.5x

P/E

20.1x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$142M-1.4%EPS $1.13

FY 2025

Feb 25, 2026

$543M+2.3%EPS $2.68

Q4 2025

Feb 25, 2026

$121M+13.0%EPS $0.38

Q3 2025

Nov 7, 2025

$128M-10.7%EPS $0.49

Q2 2025

Aug 7, 2025

$150M+4.2%EPS $0.93

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$98M	$96M	$46M
Q3 22	$105M	$97M	$48M
Q4 22	$108M	$94M	$48M
Q1 23	$131M	$94M	$19M
Q2 23	$135M	$99M	$37M
Q3 23	$138M	$99M	$38M
Q4 23	$136M	$89M	$38M
Q1 24	$138M	$90M	$32M
Q2 24	$143M	$95M	$37M
Q3 24	$143M	$81M	$23M
Q4 24	$107M	$63M	$7M
Q1 25	$144M	$104M	$47M
Q2 25	$150M	$107M	$50M
Q3 25	$128M	$86M	$26M
Q4 25	$121M	$84M	$22M
Q1 26	$142M	$0	$59M

Valuation

Quarter	P/S	P/E
Q2 22	3.5x	11.6x
Q3 22	3.4x	11.1x
Q4 22	4.1x	11.3x
Q1 23	3.3x	11.3x
Q2 23	2.6x	10.2x
Q3 23	2.2x	9.9x
Q4 23	2.7x	14.2x
Q1 24	2.6x	12.6x
Q2 24	2.4x	11.5x
Q3 24	2.9x	16.0x
Q4 24	3.3x	22.9x
Q1 25	3.1x	19.0x
Q2 25	3.4x	18.8x
Q3 25	4.2x	22.2x
Q4 25	4.0x	19.4x
Q1 26	4.3x	19.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$100M	$99M
Q2 22	$30M	$29M
Q3 22	$49M	$48M
Q4 22	$51M	$50M
Q1 23	$37M	$36M
Q2 23	$29M	$27M
Q3 23	$28M	$27M
Q4 23	$46M	$44M
Q1 24	-$20M	-$22M
Q2 24	$88M	$88M
Q3 24	$38M	$38M
Q4 24	$69M	$68M
Q1 25	$53M	$52M
Q2 25	$46M	$44M
Q3 25	$50M	$48M
Q4 25	$55M	$54M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$1M
Q3 22	$1M
Q4 22	$2M
Q1 23	$346.0K
Q2 23	$2M
Q3 23	$1M
Q4 23	$1M
Q1 24	$2M
Q2 24	$80.0K
Q3 24	$438.0K
Q4 24	$498.0K
Q1 25	$243.0K
Q2 25	$1M
Q3 25	$1M
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+18.2%	+13.4%
Q3 22	+36.6%	+34.4%
Q4 22	+18.0%	-24.4%
Q1 23	+32.8%	+99.7%
Q2 23	+38.6%	+90.3%
Q3 23	+30.9%	+75.4%
Q4 23	+26.3%	+65.5%
Q1 24	+5.6%	-4.5%
Q2 24	+5.9%	+8.6%
Q3 24	+4.0%	+20.6%
Q4 24	-21.1%	+2.2%
Q1 25	+4.6%	-8.2%
Q2 25	+4.2%	-6.4%
Q3 25	-10.7%	-15.5%
Q4 25	+13.0%	-0.8%
Q1 26	-1.4%	-14.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$547.0K	0.6%
Q2 22	$1M	1.0%
Q3 22	$738.0K	0.7%
Q4 22	$696.0K	0.6%
Q1 23	$1M	0.9%
Q2 23	$1M	0.8%
Q3 23	$2M	1.3%
Q4 23	$1M	0.8%
Q1 24	$662.0K	0.5%
Q2 24	$1M	1.0%
Q3 24	$1M	1.0%
Q4 24	$1M	1.4%
Q1 25	$1M	0.7%
Q2 25	$1M	0.9%
Q3 25	$577.0K	0.5%
Q4 25	$865.0K	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$30M	—
Q3 22	$29M	—
Q4 22	$30M	—
Q1 23	$36M	—
Q2 23	$35M	—
Q3 23	$38M	$997.0K
Q4 23	$43M	$4M
Q1 24	$36M	$940.0K
Q2 24	$35M	—
Q3 24	$42M	$755.0K
Q4 24	$37M	$731.0K
Q1 25	$37M	$811.0K
Q2 25	$37M	$904.0K
Q3 25	$43M	—
Q4 25	$37M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$434M	$2.5B	$3.0B
Q3 22	$270M	$2.3B	$2.6B
Q4 22	$270M	$2.3B	$2.6B
Q1 23	$713M	$2.3B	$3.0B
Q2 23	$361M	$2.2B	$2.6B
Q3 23	$274M	$2.1B	$2.4B
Q4 23	$238M	$2.2B	$2.4B
Q1 24	$354M	$2.1B	$2.4B
Q2 24	$608M	$1.9B	$2.5B
Q3 24	$744M	$1.9B	$2.7B
Q4 24	$508M	$1.9B	$2.4B
Q1 25	$772M	$1.9B	$2.7B
Q2 25	$711M	$2.0B	$2.7B
Q3 25	$598M	$2.6B	$3.2B
Q4 25	$147M	$2.0B	$2.2B
Q1 26	$135M	$2.0B	$2.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	36M	+0.0%	+25.1%
Q3 22	36M	+0.2%	+25.2%
Q4 22	36M	-0.2%	-0.0%
Q1 23	41M	+15.4%	+15.4%
Q2 23	41M	+0.0%	+15.4%
Q3 23	41M	+0.2%	+15.4%
Q4 23	41M	+0.0%	+15.7%
Q1 24	41M	+0.1%	+0.3%
Q2 24	41M	+0.0%	+0.3%
Q3 24	41M	+0.3%	+0.4%
Q4 24	41M	+0.1%	+0.5%
Q1 25	41M	-0.0%	+0.4%
Q2 25	41M	+0.1%	+0.4%
Q3 25	41M	+0.1%	+0.3%
Q4 25	41M	-0.3%	-0.2%
Q1 26	41M	0.0%	-0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$82.9K	1K
Q3 22	$89.2K	1K
Q4 22	$86.6K	1K
Q1 23	$105.1K	1K
Q2 23	$108.8K	1K
Q3 23	$110.7K	1K
Q4 23	$97.4K	1K
Q1 24	$98.9K	1K
Q2 24	$102.7K	1K
Q3 24	$102.6K	1K
Q4 24	$79.8K	1K
Q1 25	$107.4K	1K
Q2 25	$111.2K	1K
Q3 25	$95.1K	1K
Q4 25	$91.1K	1K
Q1 26	$106.9K	1K

Revenue / Employee