Is First Bancorp (FBNC) overvalued or fairly valued?

MarketChacha shows First Bancorp's valuation in context — a trailing P/E of about 16.2, a forward P/E of about 11.9, a price-to-book of about 1.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does First Bancorp's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.75×) from reported figures — education, not a rating.

What is First Bancorp's revenue?

First Bancorp reported revenue of $67.6M for FY2025, with net profit of $111.0M, per official filings.

What is the share price of First Bancorp (FBNC)?

First Bancorp last traded at $61.08 (+1.5% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

First Bancorp

FBNC · NYSE · Financials · United States

Snapshot

TickerFBNC

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees1,396

HeadquartersSouthern Pines, United States

Websitelocalfirstbank.com

Filings tracked20

About First Bancorp

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.

Who owns it

Insiders1.9%
Institutions84.7%
Public & other13.4%

329 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.38%
FMR, LLC8.94%
State Street Corporation5.25%
Vanguard Capital Management LLC4.43%
Dimensional Fund Advisors LP4.13%
Franklin Resources, Inc.4.06%
Ameriprise Financial, Inc.2.95%
Westwood Holdings Group Inc.2.75%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 153.1 points over the period — profitability is trending down.

Cash conversion1.75×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend317.3% → 164.2%

Margin has compressed by about 153.1 points over the period — profitability is trending down.

Return on equity6.7%

Latest ROE of 6.7% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 44% · PAT 3%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $132.5M · EPS 1.19

Est. earnings growth 0.0%

Next fiscal year

Rev $578.9M · EPS 5.04

Est. earnings growth +6.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$67.6M

Net margin

164.2%

ROE

6.7%

Revenue CAGR (2y)

+43.6%

Profit CAGR (2y)

+3.3%

EPS (FY2025)

2.68

Net profit (FY2025)

$111.0M

Ask MarketChacha about FBNC

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$67.6M	$111.0M	2.68	164.2%	6.7%
FY2024	$70.1M	$76.2M	1.84	108.7%	5.3%
FY2023	$32.8M	$104.1M	2.53	317.3%	7.6%

Quarterly

Period	Net profit	EPS
2026Q2	$50.5M	1.22
2026Q1	$46.7M	1.13
2025Q3	$20.4M	0.49
2025Q2	$38.6M	0.93
2025Q1	$36.4M	0.88
2024Q3	$18.7M	0.45
2024Q2	$28.7M	0.70
2024Q1	$25.3M	0.61
2023Q3	$29.9M	0.73
2023Q2	$29.4M	0.71
2023Q1	$15.2M	0.37

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/6/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Material agreement, Other events, Exhibits
SEC7/14/2026material
8-K — Other events, Exhibits
SEC6/12/2026material
10-Q filing
SEC5/7/2026
8-K — Shareholder vote results
SEC4/29/2026material
8-K — Executive/director change, Exhibits
SEC4/28/2026material
8-K — Results of operations, Exhibits
SEC4/22/2026material
8-K — Other events, Exhibits
SEC3/13/2026material
8-K — Executive/director change
SEC3/2/2026material
10-K filing
SEC2/25/2026
8-K — Executive/director change, Other events, Exhibits
SEC1/27/2026material
8-K — Results of operations, Exhibits
SEC1/21/2026material

2025

8-K — Other events, Exhibits
SEC12/12/2025material
10-Q filing
SEC11/7/2025
8-K — Executive/director change, Exhibits
SEC10/30/2025material
8-K — Results of operations, Exhibits
SEC10/22/2025material
8-K — Other events, Exhibits
SEC9/12/2025material
10-Q filing
SEC8/7/2025
8-K/A — Shareholder vote results
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.