First Bancorp (FBNC) to Release Quarterly Earnings on Wednesday

Posted by Adam Dyson on Apr 23rd, 2024

First Bancorp (NASDAQ:FBNC – Get Free Report) is scheduled to be announcing its earnings results on Wednesday, April 24th.

First Bancorp (NASDAQ:FBNC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.06. The company had revenue of $97.03 million for the quarter, compared to analysts’ expectations of $99.63 million. First Bancorp had a net margin of 19.06% and a return on equity of 7.97%. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp Stock Up 2.8 %

FBNC stock opened at $33.22 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $34.13 and its 200 day moving average is $33.35. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 13.13 and a beta of 1.00. First Bancorp has a 1-year low of $26.00 and a 1-year high of $38.51.

First Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Sunday, March 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 27th. First Bancorp’s payout ratio is currently 34.78%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of First Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

Get Our Latest Report on First Bancorp

First Bancorp Company Profile

(Get Free Report)

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.