First Bancorp
First Bancorp (FBNC) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Southern Pines, United States and has 1,396 employees. The company is worth $2.65B and trades at 18.9x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $390.31M in fiscal 2025, up 11.5% from the year before. Net income was $111.05M. The share price is 4.3% below its 52-week high of $66.78. It pays a dividend yielding 1.50%. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $5.16M. In that quarter, 1 of them opened or added to the position. Over the last 30 days, company insiders sold $1.47M of its stock on the open market and bought none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +35.8% over 5Y.
today you would have $1,390.06▲ +39.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $50.79 | $43.97 | $37.01 | $42.84 | $45.72 | $33.83 | $39.91 | $32.66 | $35.31 | $27.14 | $18.74 | $18.47 | $16.62 | $12.82 | $11.15 | $15.31 | $13.97 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 13.2 among peers in the sector.
Median P/E of 15.1 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FBKFB Financial Corp | $53.62 | 11.5x | 1.4x | 1.57% | 11.93% | $2.65B |
| CUBICustomers Bancorp, Inc. | $78.73 | 9.6x | 1.2x | 0.00% | 14.32% | $2.66B |
| BHFBrighthouse Financial, Inc. | $46.35 | 3.7x | 0.4x | 0.00% | 13.54% | $2.67B |
| BBARBanco BBVA Argentina S.A. |
| 15.1x |
| 19.0x |
| 23.9x |
| 14.6x |
| 10.4x |
| 14.3x |
| 12.0x |
| 12.9x |
| 10.9x |
| 19.4x |
| 20.4x |
| 14.4x |
| 15.5x |
| 17.0x |
| — |
| 25.3x |
| 43.7x |
| 4.1x |
| P/S | 3.6x | 5.4x | 5.2x | 3.8x | 4.5x | 5.1x | 3.2x | 4.2x | 3.6x | 4.9x | 4.5x | 2.7x | 2.5x | 2.0x | 1.8x | 1.2x | 1.6x | 1.2x |
| P/B | 1.1x | 1.3x | 1.3x | 1.1x | 1.7x | 1.3x | 1.1x | 1.4x | 1.3x | 1.5x | 1.8x | 1.1x | 0.9x | 0.9x | 0.7x | 0.5x | 0.7x | 0.7x |
| EPS | $2.68 | $1.84 | $2.53 | $4.12 | $3.19 | $2.81 | $3.10 | $3.01 | $1.82 | $1.33 | $1.30 | $1.19 | $0.98 | -$1.54 | $0.44 | $0.35 | $3.37 |
| Dividend yield | 1.93% | 1.79% | 2.00% | 2.38% | 2.05% | 1.75% | 2.13% | 1.35% | 1.22% | 0.91% | 1.18% | 1.71% | 1.73% | 1.93% | 2.50% | 2.87% | 2.09% | 2.29% |
| Payout | 25.35% | 33.96% | 47.83% | 34.78% | 21.36% | 25.08% | 25.62% | 17.42% | 13.29% | 17.58% | 24.06% | 24.62% | 26.89% | 32.65% | — | 72.73% | 91.43% | 9.50% |
| Profit margin | 21.77% | 28.45% | 21.77% | 25.77% | 37.40% | 29.89% | 27.21% | 33.38% | 33.52% | 21.49% | 18.47% | 19.52% | 17.12% | 12.94% | -17.14% | 8.61% | 6.38% | 28.63% |
| ROE | 7.47% | 6.71% | 5.27% | 7.59% | 14.24% | 7.77% | 9.12% | 10.80% | 11.68% | 6.63% | 7.47% | 7.90% | 6.45% | 5.57% | -6.57% | 3.95% | 2.90% | 16.44% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 5.0% a year against a 8.3% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
-14.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $12.78 |
| 9.6x |
| 0.9x |
| 3.36% |
| 8.12% |
| $2.61B |
| TRMKTrustmark Corp | $46.35 | 11.5x | 1.3x | 2.16% | 11.12% | $2.7B |
| HCIHCI Group, Inc. | $206.68 | 8.8x | 2.4x | 0.77% | 34.98% | $2.57B |