FBNC
First Bancorp
NASDAQ: FBNC · FINANCIAL SERVICES · BANKS - REGIONAL
$58.47
-0.66% today
Updated 2026-05-11
Market cap
$2.42B
P/E ratio
19.96
P/S ratio
6.15x
EPS (TTM)
$2.93
Dividend yield
1.58%
52W range
$39 – $62
Volume
0.2M
First Bancorp (FBNC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $145.42M | $166.16M | $168.52M | $177.62M | $182.07M | $179.15M | $178.19M | $176.12M | $167.04M | $155.52M | $166.79M | $226.08M | $289.58M | $308.70M | $318.48M | $324.90M | $407.66M | $541.11M | $530.81M | $543.12M |
| Revenue growth (YoY) | — | +14.3% | +1.4% | +5.4% | +2.5% | -1.6% | -0.5% | -1.2% | -5.2% | -6.9% | +7.2% | +35.5% | +28.1% | +6.6% | +3.2% | +2.0% | +25.5% | +32.7% | -1.9% | +2.3% |
| Cost of revenue | $59.59M | $74.88M | $71.18M | $69.08M | $86.47M | $64.87M | $96.99M | $41.60M | $18.42M | $6.13M | $7.58M | $13.39M | $20.19M | $36.17M | $54.60M | $24.55M | $28.50M | $159.91M | $203.41M | $162.32M |
| Gross profit | $85.82M | $91.28M | $97.34M | $108.53M | $95.60M | $114.29M | $81.20M | $134.52M | $148.62M | $149.39M | $159.21M | $212.69M | $269.40M | $272.53M | $263.88M | $300.34M | $379.16M | $381.20M | $327.40M | $380.81M |
| Gross margin | 59.0% | 54.9% | 57.8% | 61.1% | 52.5% | 63.8% | 45.6% | 76.4% | 89.0% | 96.1% | 95.5% | 94.1% | 93.0% | 88.3% | 82.9% | 92.4% | 93.0% | 70.4% | 61.7% | 70.1% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $30.68M | $33.67M | $35.45M | $47.27M | $45.29M | $51.44M | $53.34M | $54.76M | $55.16M | $56.79M | $62.82M | $82.10M | $91.97M | $95.97M | $100.97M | $107.23M | $122.61M | $149.11M | $148.88M | $154.62M |
| Operating income | $30.73M | $34.96M | $34.97M | $98.02M | $14.94M | $21.01M | $-40.36M | $32.78M | $38.53M | $41.16M | $42.13M | $67.74M | $113.48M | $116.28M | $103.13M | $120.32M | $185.22M | $131.96M | $98.12M | $144.23M |
| Operating margin | 21.1% | 21.0% | 20.8% | 55.2% | 8.2% | 11.7% | -22.6% | 18.6% | 23.1% | 26.5% | 25.3% | 30.0% | 39.2% | 37.7% | 32.4% | 37.0% | 45.4% | 24.4% | 18.5% | 26.6% |
| EBITDA | $34.01M | $38.62M | $39.00M | $98.51M | $19.81M | $26.30M | $-34.90M | $38.26M | $43.93M | $46.38M | $47.95M | $77.47M | $126.32M | $130.17M | $116.73M | $134.25M | $200.55M | $151.17M | $116.00M | $154.64M |
| EBITDA margin | 23.4% | 23.2% | 23.1% | 55.5% | 10.9% | 14.7% | -19.6% | 21.7% | 26.3% | 29.8% | 28.7% | 34.3% | 43.6% | 42.2% | 36.7% | 41.3% | 49.2% | 27.9% | 21.9% | 28.5% |
| EBIT | $30.73M | $34.96M | $35.13M | $97.88M | $14.94M | $21.01M | $-40.36M | $32.78M | $38.53M | $41.16M | $42.13M | $67.74M | $113.48M | $116.28M | $103.13M | $120.32M | $185.22M | $131.96M | $98.12M | $144.23M |
| Interest expense | $54.67M | $69.66M | $61.30M | $48.90M | $31.91M | $23.57M | $17.32M | $10.98M | $8.22M | $6.91M | $7.61M | $12.67M | $23.78M | $33.90M | $19.56M | $9.52M | $16.10M | $142.10M | $186.97M | $158.99M |
| Income tax | $11.42M | $13.15M | $13.12M | $37.62M | $4.96M | $7.37M | $-16.95M | $12.08M | $13.54M | $14.13M | $14.62M | $21.77M | $24.19M | $24.23M | $21.65M | $24.68M | $38.28M | $27.82M | $21.90M | $28.45M |
| Effective tax rate | 37.2% | 37.6% | 37.4% | 38.4% | 33.2% | 35.1% | 42.0% | 36.9% | 35.1% | 34.3% | 34.7% | 32.1% | 21.3% | 20.8% | 21.0% | 20.5% | 20.7% | 21.1% | 22.3% | 20.4% |
| Net income | $19.30M | $21.81M | $22.00M | $60.26M | $9.98M | $13.64M | $-23.41M | $20.70M | $25.00M | $27.03M | $27.51M | $45.97M | $89.29M | $92.05M | $81.48M | $95.64M | $146.94M | $104.13M | $76.22M | $111.05M |
| Net income growth (YoY) | — | +13.0% | +0.9% | +173.8% | -83.4% | +36.7% | -271.6% | +188.4% | +20.8% | +8.2% | +1.8% | +67.1% | +94.2% | +3.1% | -11.5% | +17.4% | +53.6% | -29.1% | -26.8% | +45.7% |
| Profit margin | 13.3% | 13.1% | 13.1% | 33.9% | 5.5% | 7.6% | -13.1% | 11.8% | 15.0% | 17.4% | 16.5% | 20.3% | 30.8% | 29.8% | 25.6% | 29.4% | 36.0% | 19.2% | 14.4% | 20.4% |