First Bancorp Stock News

First Bancorp has grown deposits and improved asset quality, but revenue and profit growth have been inconsistent over recent years. Recent improvements in net interest income is positive, but years of weak performance temper my enthusiasm. The stock remains expensive on a price-to-earnings basis, even with improved forecasts, making it less attractive for value investors like myself.

Second Quarter 2025 Financial Data (Dollars in 000s, except per share data) Q2-2025 Q1-2025 Q2-2024 Summary Income Statement Total interest income $  136,741 $  132,660 $  128,822 Total interest expense 40,065 39,777 47,707 Net interest income 96,676 92,883 81,115 Provision for credit losses 2,212 1,116 541 Noninterest income 14,341 12,902 14,601 Noninterest expenses 58,983 57,893 58,291 Income...

First BanCorp offers an attractive entry point, with near-term NIM tailwinds and stable asset quality supporting a buy rating, despite geographic concentration risks. Recent results show strong NII growth, improved efficiency ratio, and deposit resilience, offsetting modest loan book contraction and a one-off NPA increase. Ongoing asset repricing should drive further NIM expansion and higher RO...

SOUTHERN PINES, N.C. , June 13, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025.

The First Bancorp, Inc.'s main earnings catalyst is the upcoming downward re-pricing of certificates of deposit. Due to the trade war, I'm reducing my loan growth, and consequently, my earnings estimate for 2025. I'm now expecting an EPS of $2.57 for this year.

SOUTHERN PINES, N.C. , April 23, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today.

First BanCorp is a high-quality business with strong fundamentals, but its valuation is high, making it a 'hold' despite attractive earnings multiples. The company's net interest income grew in 2024, but non-interest income and net profits declined due to increased costs and one-time gains in 2023. First BanCorp's balance sheet has strengthened with increased deposits, loans, and cash, but its ...

I'm expecting loan growth to decelerate this year, as a possible recession in the mainland United States can hurt the tourism industry in Puerto Rico. Low-yielding securities are set to mature this year, which will provide First BanCorp a good opportunity to reinvest in higher-yielding assets, thereby raising the margin. I'm raising my provision expense estimate and, therefore, reducing my earn...