First Bancorp (FBNC) to Release Quarterly Earnings on Wednesday

Posted by Teresa Graham on Apr 23rd, 2024

First Bancorp (NASDAQ:FBNC – Get Free Report) will announce its earnings results on Wednesday, April 24th.

First Bancorp (NASDAQ:FBNC – Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $97.03 million during the quarter, compared to analyst estimates of $99.63 million. First Bancorp had a net margin of 19.06% and a return on equity of 7.97%. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp Stock Up 2.8 %

Shares of NASDAQ FBNC opened at $33.22 on Tuesday. The company has a 50 day simple moving average of $34.13 and a 200 day simple moving average of $33.35. The firm has a market cap of $1.37 billion, a PE ratio of 13.13 and a beta of 1.00. First Bancorp has a 1 year low of $26.00 and a 1 year high of $38.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.83.

First Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Sunday, March 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.88 annualized dividend and a yield of 2.65%. First Bancorp’s payout ratio is 34.78%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of First Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

Get Our Latest Stock Report on FBNC

First Bancorp Company Profile

(Get Free Report)

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. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.