First Bancorp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 10.15
Dividend & Yield0.88$ (1.83%)
Beta 1.12
Market capitalization 1.71B
Operating cash flow 206.93M
ESG Scores unknown

Company description

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 primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of December 31, 2021, it operated 121 branches comprising 114 branch offices located in North Carolina and seven branches in South Carolina. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
no companies found

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 1.6M 1.59M -10.01M -4.8M
Total Cashflows From Investing Activities -313.28M -424.69M -960.28M -1.27B
Net Borrowings -1.12M -106.12M -250.03M -5.73M
Total Cash From Financing Activities 240.28M 141.85M 1.04B 1.23B
Change To Operating Activities -3.71M -4.03M 13.2M 11.7M
Issuance Of Stock 324k 129k
Net Income 89.29M 92.05M 81.48M 95.64M
Change In Cash -26.59M -231.6M 135.99M 93.87M
Effect Of Exchange Rate
Total Cash From Operating Activities 46.41M 51.24M 57.08M 138.9M
Depreciation 12.84M 13.89M 13.6M 13.93M
Change To Account Receivables
Other Cashflows From Financing Activities 252.76M 272.21M 1.34B 1.26B
Change To Netincome -51.7M -51.62M -37.58M 23.21M
Capital Expenditures -10.72M -3.53M -12.36M -9.4M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 113.48M 116.28M 103.13M 120.32M
Net Income 89.29M 92.05M 81.48M 95.64M
Selling General Administrative 111.15M 115.24M 118.83M 121.85M
Gross Profit 269.96M 273.47M 264.43M 304.98M
Ebit
Operating Income 122.62M 122.27M 107.63M 140.72M
Interest Expense
Income Tax Expense 24.19M 24.23M 21.65M 24.68M
Total Revenue 269.96M 273.47M 264.43M 304.98M
Cost Of Revenue
Total Other Income ExpenseNet -9.14M -5.99M -4.5M -20.4M
Net Income From Continuing Ops 89.29M 92.05M 81.48M 95.64M
Net Income Applicable To Common Shares 89.29M 91.6M 81.08M 95.16M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 5.1B 5.29B 6.4B 9.28B
Total Stockholder Equity 764.23M 852.4M 893.42M 1.23B
Other Current Liabilities
Total Assets 5.86B 6.14B 7.29B 10.51B
Common Stock 434.45M 429.51M 400.58M 722.67M
Other Current Assets 20.28M 36.36M 68.62M 106.16M
Retained Earnings 341.74M 417.76M 478.49M 532.87M
Treasury Stock -11.96M 5.12M 14.35M -24.97M
Cash 462.9M 231.3M 367.29M 461.16M
Total Current Liabilities 4.66B 4.93B 6.27B 9.13B
Other Stockholder Equity -11.96M 5.12M 14.35M -24.97M
Property, Plant, and Equipment 119M 134.53M 138.02M 156.81M
Total Current Assets 490.62M 271.54M 438.33M 570.39M
Net Tangible Assets 513.17M 606.2M 644.57M 853.96M
Net Receivables
Accounts Payable 4.66B 4.93B 6.27B 9.12B


Insider Transactions

Here are the insider transactions of stock shares related to First Bancorp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
MCLAMB CARLIE CPurchase at price 46.40 per share.I2022-11-11Director928
MCLAMB CARLIE CStock Gift at price 0.00 per share.I2022-11-11Director928
CAPEL MARY CLARASale at price 37.70 per share.D2022-08-25Director705
MCLAMB CARLIE CStock Gift at price 0.00 per share.I2022-08-16Director1.04k
MCLAMB CARLIE CPurchase at price 37.73 per share.I2022-08-15Director1.04k
MAYER MICHAEL GOODWINStock Award(Grant) at price 34.90 per share.D2022-06-30President17.66k
MOORE RICHARD HStock Award(Grant) at price 34.90 per share.D2022-06-30Chief Executive Officer13.61k
CURRIE GREGORY AStock Award(Grant) at price 34.90 per share.D2022-06-30Officer3.22k
BOSTIAN ELIZABETH B.Stock Award(Grant) at price 34.90 per share.D2022-06-30Chief Financial Officer2.44k
PERRY DEXTER V.Purchase at price 34.78 per share.D2022-06-29Director973
CAPEL MARY CLARASale at price 35.50 per share.D2022-06-27Director383
THOMASSON VIRGINIA CStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
WICKER DENNIS AStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
MCLAMB CARLIE CStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
CRAWFORD JAMES C IIIStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
MCCAULEY JOHN WStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
TAYLOR FREDERICK LESLIE IIStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
CAPEL MARY CLARAStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
GOULD JOHN BStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
DEFERIE SUZANNE SStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
SLOAN O TEMPLE IIIStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
DONNELLY ABBY JILLStock Award(Grant) at price 37.12 per share.D2022-06-01Director862
PERRY DEXTER V.Stock Award(Grant) at price 37.12 per share.D2022-06-01Director862
MCLAMB CARLIE CPurchase at price 35.99 per share.D2022-05-16Director1.24k
MCLAMB CARLIE CStock Gift at price 0.00 per share.D2022-05-16Director1.24k
MOORE RICHARD HPurchase at price 37.00 per share.D2022-05-02Chief Executive Officer2.7k
PERRY DEXTER V.Purchase at price 41.85 per share.D2022-03-07Director1k
MCLAMB CARLIE CStock Gift at price 0.00 per share.D2022-02-18Director721
MCLAMB CARLIE CPurchase at price 44.58 per share.D2022-02-17Director721
CAPEL MARY CLARASale at price 45.00 per share.D2022-02-08Director700
MAYER MICHAEL GOODWINStock Award(Grant) at price 45.88 per share.D2022-01-25President4.99k
MOORE RICHARD HStock Award(Grant) at price 45.88 per share.D2022-01-25Chief Executive Officer4.34k
CURRIE GREGORY AStock Award(Grant) at price 45.88 per share.D2022-01-25Officer1.63k
BOSTIAN ELIZABETH B.Stock Award(Grant) at price 45.88 per share.D2022-01-25Chief Financial Officer1.23k
CURRIE GREGORY AStock Award(Grant) at price 45.72 per share.D2021-12-31Officer10.94k
BOSTIAN ELIZABETH B.Stock Award(Grant) at price 45.72 per share.D2021-12-31Chief Financial Officer10.94k
MCLAMB CARLIE CPurchase at price 49.24 per share.D2021-11-22Director2.01k
MCLAMB CARLIE CStock Gift at price 0.00 per share.D2021-11-18Director2.01k
PERRY DEXTER V.Purchase at price 39.00 per share.D2021-09-20Director650
CREDLE ERIC PStock Award(Grant) at price 38.79 per share.D2021-07-27Chief Financial Officer1.99k
MAYER MICHAEL GOODWINStock Award(Grant) at price 38.79 per share.D2021-07-27President9.67k
MOORE RICHARD HStock Award(Grant) at price 38.79 per share.D2021-07-27Chief Executive Officer12.24k
MOORE RICHARD HPurchase at price 42.74 per share.D2021-06-16Chief Executive Officer2.38k
THOMASSON VIRGINIA CStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
WICKER DENNIS AStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
CRAWFORD JAMES C IIIStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
TAYLOR FREDERICK LESLIE IIStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
CAPEL MARY CLARAStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
BLUE DANIEL T JRStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
GOULD JOHN BStock Award(Grant) at price 45.41 per share.D2021-06-01Director705
DEFERIE SUZANNE SStock Award(Grant) at price 45.41 per share.D2021-06-01Director705

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to First Bancorp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on First Bancorp

Here is the result of two systematic investment strategies applied to First Bancorp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on First Bancorp

The following chart shows the equity curve of the two systematic investment strategies applied to First Bancorp:

First Bancorp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 56.78% on the backtest period.

Performance at glance

Performance

56.78 %

Latent gain

998.24 $

Invested capital

1758.08 $

Annualized return

13.85 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on First Bancorp

This is the result of two momentum investment strategies applied to First Bancorp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on First Bancorp

The following chart shows all the entries opened by the momentum investment system on First Bancorp:

First Bancorp momentum entries
  • The first momentum investment strategy would give 54.99% of return on First Bancorp. That represents 2462.2$ of latent gain with 4477.82$ of employed capital.
  • The second momentum investment strategy would give 47.21% of return on First Bancorp. That represents 1767.88$ of latent gain with 3744.76$ of employed capital.
Performance at glance (1Q Momentum)

Performance

54.99 %

Latent gain

2462.2 $

Invested capital

4477.82 $

Annualized return

11.66 %
Performance at glance (2Q Momentum)

Performance

47.21 %

Latent gain

1767.88 $

Invested capital

3744.76 $

Annualized return

13.04 %

Momentum equity curve on First Bancorp

The following chart shows the equity curve of the two momentum strategies applied to First Bancorp:

First Bancorp momentum equity

Note: the dividends potentially given by First Bancorp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on First Bancorp

The following chart shows the employed capital evolution of the two momentum strategies on First Bancorp since the beginning:

First Bancorp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on First Bancorp

Buy the dip entry openings on First Bancorp

First Bancorp

The performance achieved by the robo-advisor on First Bancorp is 24.48%. That represents 58.08$ of latent gain with 237.24$ of employed capital. The following chart shows First Bancorp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of First Bancorp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

24.48 %

Latent gain

58.08 $

Invested capital

237.24 $

Annualized return

11.66 %

Equity curve of the strategy applied to First Bancorp

The following chart shows the result of the investment strategy applied to First Bancorp:

First Bancorp

Note: the dividends potentially given by First Bancorp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on First Bancorp

The following chart shows the employed capital evolution since the beginning of the investment strategy on First Bancorp:

First Bancorp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on First Bancorp

In this section, I will compare the three previous investment strategies applied to First Bancorp.

Equity curve comparison on First Bancorp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

First Bancorp investment strategy comparison

Employed capital comparison on First Bancorp

First Bancorp investment comparison

Performance comparison on First Bancorp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 56.78% 998.24$ 1758.08$ 13.85%
Momentum 1 quarter 54.99% 2462.2$ 4477.82$ 14.25%
Momentum 2 quarters 47.21% 1767.88$ 3744.76$ 13.04%
Non-directional 24.48% 58.08$ 237.24$ 11.66%
Annualized return comparison

Automatic investment

13.85 %

Momentum 1Q

13.04 %

Momentum 2Q

13.04 %

Non-directional

11.66 %

Correlated stocks

Here are the most positively and negatively correlated stocks with First Bancorp:

Positive correlations

Most correlated stocks this year

  • VictoryShares US Small Cap High Div Volatility Wtd
  • First Bancorp
  • First Trust Small Cap Value AlphaDEX Fund
  • Great Southern Bancorp Inc

  • Most correlated stocks last 3 months

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  • Premier Inc - Class A
  • First Trust Natural Gas ETF
  • PEYTO EXPLORATION AND DVLPMNT CORP.
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  • Community Trust Bancorp Inc
  • Heritage Financial Corp
  • Independent Bank Corporation (Ionia MI)
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  • Horizon Bancorp Inc (IN)
  • First Merchants Corp
  • Old National Bancorp
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  • Glacier Bancorp Inc
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  • Oil States International Inc
  • Idera Pharmaceuticals Inc
  • First Mid Bancshares Inc
  • ConnectOne Bancorp Inc
  • Atlantic Union Bankshares Corp
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  • UMB Financial Corp
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  • Brady Corp - Class A
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  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • CR CONSTRUCTION
  • AdvisorShares Dorsey Wright Short ETF -1x Shares

  • Note: The algorithm computes the probability of correlation between First Bancorp and the other stocks. There may be false positives or some missing correlated stocks. If the price of First Bancorp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name First Bancorp
    Country United States
    City Southern Pines
    Address 300 SW Broad Street
    Phone 910 246 2500
    Website localfirstbank.com
    FullTime employees 1179
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNAS
    Ticker FBNC
    Market www.nasdaq.com

    First Bancorp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown