FBNC
First Bancorp
FBNC's fundamentals are strong, but it looks expensive: trading at 16x earnings, above its usual 13x. Analysts expect earnings growth.
FBNC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
FBNC's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like FBNC.
FBNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $37.47 | -42% |
| Fair | 13x | $51.23 | -21% |
| Forward | 13x | $64.80 | — |
| Current | 16x | $64.80 | — |
| Expensive | 20x | $79.73 | +23% |
Historical ranges are pointers, not guarantees.
FBNC's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its fair range.
FBNC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for FBNC, but weaker profitability.
FBNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.82 | +21% |
| Q3 2026 | $3.97 | +67% |
| Q2 2026 | $3.22 | +38% |
| Q1 2026 | $2.93 | +39% |
| Q4 2025 | $2.68 | +46% |
| Q3 2025 | $2.38 | -4% |
| Q2 2025 | $2.34 | -15% |
| Q1 2025 | $2.11 | -24% |
| Q4 2024 | $1.84 | -27% |
FBNC earned $3.97 per share over the past year, up 67% from the year before.
FBNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $129.9M | +45% |
| Q2 2026 | $127.3M | +15% |
| Q1 2026 | $122.3M | +16% |
| Q4 2025 | $83.9M | +28% |
| Q3 2025 | $89.6M | -7.3% |
| Q2 2025 | $111M | +16% |
| Q1 2025 | $105.8M | +15% |
| Q4 2024 | $65.7M | -32% |
FBNC's revenue has grown year over year for four quarters in a row: $130M last quarter, up 45% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +21 points |
| Q2 2026 | 50% | +4.9 points |
| Q1 2026 | 48% | +4 points |
| Q4 2025 | 20% | +9.7 points |
| Q3 2025 | 29% | +5.6 points |
| Q2 2025 | 45% | +6.4 points |
| Q1 2025 | 44% | +9.7 points |
| Q4 2024 | 10% | -28 points |
FBNC's operating margin was 50% last quarter, up 21 points from the same quarter a year ago, near the top of its range since 2019.
FBNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $98M | +103% |
| Q2 2026 | $65.5M | +48% |
| Q1 2026 | $59.3M | +13% |
| Q4 2025 | $54M | -21% |
| Q3 2025 | $48.2M | +27% |
| Q2 2025 | $44.3M | -49% |
| Q1 2025 | $52.4M | +$74.1M |
| Q4 2024 | $68.2M | +54% |
FBNC's free cash flow was $277M over the past year, up 30% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FBNC.
FBNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +18.4K shares |
| 1 year | -0.2% | -87.8K shares |
| 3 years | +0.5% | +195K shares |
| 5 years | +45% | +12.9M shares |
| Available history | +39% | +11.7M shares |
FBNC has 41M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $2.1M |
| Q1 2026 | $5.1M |
| Q4 2025 | $1,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $992,000 |
| Q4 2022 | — |
FBNC spent $7M buying back its own shares over the past year.
FBNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | 0.1x | Very low |
FBNC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FBNC.
FBNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.8 | Neutral |
| Stochastic | 65.3 | Neutral |
FBNC's weekly RSI is 58 (neutral) and its Stochastic is 65 (neutral).
FBNC PE vs Financial Services Sector
| Metric | FBNC | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 25% above |
| PE % | 71 | 63 | 8 pts above |
FBNC is trading at 16x earnings, a 25% premium to the Financial Services sector's median of 13x.
FBNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $62.9 | 3.1% above |
| 20 week MA | $63.6 | 1.8% above |
| 50 week MA | $59.8 | 8.4% above |
| 100 week MA | $52.7 | 23% above |
| 200 week MA | $44.0 | 47% above |
FBNC is in an uptrend: it's above all five of its weekly moving averages, and 47% above its 200-week average.
FBNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.1 | $33.5 | -16% |
| 2021 | $33.5 | $45.1 | +35% |
| 2022 | $45.1 | $43.4 | -3.9% |
| 2023 | $43.4 | $37.0 | -15% |
| 2024 | $37.0 | $44.4 | +20% |
| 2025 | $44.4 | $52.1 | +17% |
| 2026 YTD | $52.1 | $64.8 | +24% |
FBNC has finished lower in three of the last six years. It's up 24% so far in 2026.