First Bancorp Stock News

SOUTHERN PINES, N.C. , March 14, 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 $0.22 per share payable on April 25, 2025 to shareholders of record as of March 31, 2025.

The net interest margin will likely continue to expand as certificates of deposits mature. The outlook on residential loans isn't as bright as before. I'm expecting total loan growth to slow down this year. I'm raising my EPS estimate for 2025 to $2.71 as I've increased my margin estimate following the last half-year's surprise.

SOUTHERN PINES, N.C. , Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank (the "Bank"), today announced the promotion of G.

SOUTHERN PINES, N.C., Jan. 29, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited fourth quarter and full year earnings today.

First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%.

SOUTHERN PINES, N.C. , Dec. 13, 2024 /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 $0.22 per share payable on January 25, 2025 to shareholders of record as of December 31, 2024.

First Bancorp's net profit remains robust due to exceptionally low loan loss provisions, boosting its earnings significantly. The bank's $2.3B loan book is high quality, with minimal past due loans and substantial loan loss provisions covering potential defaults. Despite trading at 1.4 times tangible book value, the bank's strong loan quality and expected earnings growth justify the valuation.

SOUTHERN PINES, N.C. , Oct. 23, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported third quarter earnings today.