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North Carolina community bank offering commercial and retail banking across the Carolinas and Virginia.
North Carolina community bank offering commercial and retail banking across the Carolinas and Virginia.
Earns mostly from interest on commercial and consumer loans funded by local deposits, with fees from deposit accounts, mortgages and wealth management. It has grown through acquisitions, including Select Bancorp in 2021 and GrandSouth Bancorporation of South Carolina in 2023.
Moat: narrow (scale, distribution). Established multi-state Carolinas branch network built through acquisitions.
Headquarters: Southern Pines, North Carolina, US · Founded: 1935 · Employees: 1,374
Size First Bancorp (FBNC) is a United States Financials company (Regional Banks) with a market value of $2.67B, the 1610th largest of 3,117 United States companies the cockpit tracks. Shares closed at $64.60 on 6 Nov 2026.
Performance Over six months the shares gained 9.8%, against +3.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +0.4%); the operating margin is 44.1% (peer median 36.7%).
Valuation It trades at 1.56× book value against a peer median of 1.04× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 12.2%; First Bancorp delivers 9.9%, so the price asks more than the business earns today.
Short interest Short interest is 5.1% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $612M | $549M | $537M | $546M | $409M |
| Revenue growth | — | +2% | -2% | +33% | — |
| Net income | $163M | $110M | $75.8M | $103M | $146M |
| Free cash flow | $244M | $190M | $132M | $141M | $161M |
| Capital expenditure | $7.62M | $4.25M | $2.66M | $4.42M | $5.29M |
| Total debt | $88.7M | $88.8M | $106M | $648M | $307M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| First Bancorp FBNC | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% |
| United Community Banks UCB | $4.43B | +11% | -18% | 4% | 1.26× | 10.9% |
| Pinnacle Financial Partners PNFP | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% |
| Live Oak Bancshares LOB | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FBNC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.2% | -0.1% | 3rd highest of 21 |
| 6-month return | +9.8% | +3.4% | 5th highest of 21 |
| Return on equity | 9.8% | 9.2% | 10th highest of 21 |
| Price / book | 1.56× | 1.04× | 4th most expensive of 21 |
| Trailing P/E | 16.3× | 11.3× | most expensive of 19 |
| ROE the price implies | 12.2% | 8.0% | 4th most demanding of 19 |
| ROE delivered | 9.9% | 9.2% | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| First Bancorp FBNC | United States | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% | 9.9% |
| Xiamen Bank 601187.SS | China | $2.67B | -13% | 0% | 10% | 0.63× | 3.2% | 10.0% |
| Weihai Bank 9677.HK | Hong Kong | $2.70B | +5% | +6% | 9% | 0.64× | 4.5% | 9.2% |
| Dongguan Rural Commercial Bank 9889.HK | Hong Kong | $2.63B | -14% | 0% | 7% | 0.29× | 3.7% | 6.6% |
| Suruga Bank 8358.T | Japan | $2.73B | +10% | +13% | 14% | 1.32× | 8.2% | 13.7% |
| Bank of Hawaii BOH | United States | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% | 13.6% |
| Union Bank of Taiwan 2838.TW | Taiwan | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% | 8.5% |
| Trustmark TRMK | United States | $2.58B | 0% | -4% | 11% | 1.25× | 9.6% | 11.2% |
| Beacon Financial BBT | United States | $2.57B | +6% | +74% | 9% | 1.02× | 7.9% | 9.1% |
| Banner BANR | United States | $2.55B | +7% | +2% | 10% | 1.20× | 10.1% | 10.0% |
| Customers Bancorp CUBI | United States | $2.82B | +10% | +8% | 14% | 1.29× | 14.7% | 13.6% |
| Banc of California BANC | United States | $2.86B | -6% | -14% | 0% | 1.00× | 8.6% | -0.3% |
| North Pacific Bank 8524.T | Japan | $2.50B | +8% | +25% | 7% | 1.02× | 8.1% | 7.1% |
| BNK Financial 138930.KS | South Korea | $2.88B | -31% | +10% | 8% | 0.39× | 4.1% | n/a |
| Qingdao Rural Commercial Bank 002958.SZ | China | $2.47B | -2% | -9% | 8% | 0.41× | 2.5% | 7.9% |
| Stock Yards Bancorp SYBT | United States | $2.46B | +10% | +10% | 32% | 2.17× | n/a | 32.4% |
| Dah Sing Banking 2356.HK | Hong Kong | $2.45B | +5% | -8% | 8% | 0.53× | 5.5% | 7.5% |
| Valiant VATN.SW | Switzerland | $2.93B | -9% | -11% | 6% | 0.86× | n/a | 5.8% |
| Merchants Bancorp MBIN | United States | $2.38B | +12% | 0% | 14% | 1.23× | 12.6% | 13.6% |
| Banco di Desio e della Brianza BDB.MI | Italy | $2.37B | +80% | +2% | 9% | 1.41× | 12.0% | 9.0% |
| Cembra Money Bank CMBN.SW | Switzerland | $3.03B | -9% | -3% | 15% | 1.93× | 4.1% | 14.7% |