First Bancorp (FBNC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Bancorp

NasdaqGS•Financial Services•Banks - Regional

$62.62-1.48(-0.02%)Pre-market

Market Cap

$2.58B

P/E

19.4x

P/S

4.5x

P/B

1.5x

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts. It also offers commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, and letters of credit, as well as loans for personal uses, home improvement, and automobiles; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, safe deposit box rental services, and electronic funds transfer services consisting of wire transfers; and internet and mobile banking, mobile check deposit, cash management, bank-by-phone services, and remote deposit capture services. Further, it offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans; property and casualty insurance products; and financial planning services. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (17/25).

Profitability21/25

Growth17/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality23/25

Strengths

Strong marginsRising earningsLow leverageCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 19.4x5y range 10.4x – 24.0x

Currently above its 20-quarter median.

P/S · 4.5x5y range 3.0x – 4.5x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.0x – 1.5x

Price & Volume

Market Cap $2.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $574.57M
Q. Revenue: $164.35M
TTM EBITDA: $170.40M
TTM Op. Income: $165.26M
Q. Op. Income: $63.37M
TTM Net Income: $133.25M
Q. Net Income: $50.52M
EPS: $1.22
Shares Out.: $41.18M

$574.57M in TTM revenue grew 4.3% YoY, reaching $164.35M last quarter. TTM EBITDA of $170.40M and TTM operating income of $165.26M show growth is flowing through to the bottom line. TTM net income of $133.25M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 77.5%
EBITDA Margin: 39.3%
Op. Margin: 38.6%
Net Margin: 30.7%

Op. margin of 38.6% is up 5.6% YoY — cost efficiency is improving. Net margin at 30.7% and gross margin of 77.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 19.4x
P/S Ratio: 4.5x
P/B Ratio: 1.5x

At 19.4x P/E, the stock trades within typical market levels. P/S of 4.5x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 4% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $13.04B
Cash: $550.33M
Long-Term Debt: $74.72M
Book Value: $1.72B
D/E Ratio: 0.0
Debt/EBITDA: 1.2

With $13.04B in assets and $74.72M in long-term debt, D/E is 0.0and book value is $1.72B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $66.48M
TTM Free Cash Flow: $226.98M
FCF Margin: 39.5%
FCF / Net Income: 1.7

TTM FCF of $226.98M on $66.48M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.