Annual Income Statements for First Bancorp
This table shows First Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for First Bancorp
This table shows First Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
38 |
38 |
15 |
29 |
30 |
30 |
25 |
29 |
19 |
3.55 |
Consolidated Net Income / (Loss) |
|
38 |
38 |
15 |
29 |
30 |
30 |
25 |
29 |
19 |
3.55 |
Net Income / (Loss) Continuing Operations |
|
38 |
38 |
15 |
29 |
30 |
30 |
25 |
29 |
19 |
3.55 |
Total Pre-Tax Income |
|
48 |
48 |
19 |
37 |
38 |
38 |
32 |
37 |
23 |
6.88 |
Total Revenue |
|
102 |
99 |
106 |
101 |
100 |
97 |
92 |
96 |
97 |
66 |
Net Interest Income / (Expense) |
|
85 |
85 |
92 |
87 |
85 |
83 |
79 |
81 |
83 |
89 |
Total Interest Income |
|
88 |
93 |
117 |
121 |
124 |
127 |
127 |
129 |
131 |
132 |
Loans and Leases Interest Income |
|
72 |
77 |
99 |
103 |
107 |
110 |
110 |
110 |
111 |
110 |
Investment Securities Interest Income |
|
15 |
15 |
15 |
14 |
14 |
14 |
14 |
12 |
12 |
14 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
1.49 |
1.99 |
3.25 |
4.02 |
3.28 |
2.78 |
2.97 |
5.94 |
8.44 |
8.73 |
Total Interest Expense |
|
2.96 |
8.74 |
25 |
34 |
39 |
44 |
47 |
48 |
48 |
44 |
Deposits Interest Expense |
|
1.85 |
6.15 |
19 |
27 |
33 |
36 |
39 |
45 |
46 |
42 |
Long-Term Debt Interest Expense |
|
1.11 |
2.59 |
5.77 |
6.85 |
6.51 |
8.11 |
8.21 |
2.96 |
1.95 |
1.77 |
Total Non-Interest Income |
|
17 |
14 |
14 |
14 |
15 |
14 |
13 |
15 |
14 |
-23 |
Service Charges on Deposit Accounts |
|
4.17 |
3.96 |
3.89 |
4.11 |
4.66 |
4.13 |
3.87 |
4.14 |
4.32 |
4.29 |
Other Service Charges |
|
8.08 |
5.46 |
8.15 |
7.62 |
6.98 |
6.45 |
7.53 |
7.33 |
7.62 |
7.36 |
Net Realized & Unrealized Capital Gains on Investments |
|
3.23 |
4.48 |
0.44 |
1.44 |
2.43 |
2.65 |
0.38 |
2.00 |
0.44 |
-36 |
Other Non-Interest Income |
|
1.44 |
0.49 |
1.05 |
1.07 |
1.10 |
1.13 |
1.16 |
1.18 |
1.21 |
1.23 |
Provision for Credit Losses |
|
5.10 |
5.30 |
13 |
2.36 |
0.00 |
2.95 |
1.20 |
0.54 |
14 |
0.51 |
Total Non-Interest Expense |
|
49 |
46 |
74 |
62 |
62 |
56 |
59 |
58 |
60 |
58 |
Salaries and Employee Benefits |
|
29 |
30 |
36 |
35 |
36 |
33 |
34 |
35 |
36 |
35 |
Net Occupancy & Equipment Expense |
|
4.85 |
4.43 |
5.07 |
4.97 |
5.00 |
5.95 |
5.59 |
4.85 |
4.86 |
4.69 |
Other Operating Expenses |
|
14 |
9.71 |
19 |
18 |
19 |
15 |
18 |
17 |
17 |
17 |
Amortization Expense |
|
0.89 |
0.83 |
2.15 |
2.05 |
1.95 |
1.86 |
1.76 |
1.67 |
1.61 |
1.56 |
Income Tax Expense |
|
10 |
9.84 |
4.18 |
7.86 |
7.76 |
8.02 |
6.51 |
8.17 |
3.89 |
3.33 |
Basic Earnings per Share |
|
$1.06 |
$1.08 |
$0.37 |
$0.72 |
$0.73 |
$0.72 |
$0.61 |
$0.70 |
$0.45 |
$0.09 |
Weighted Average Basic Shares Outstanding |
|
35.47M |
35.49M |
40.58M |
40.72M |
40.74M |
40.75M |
40.84M |
40.88M |
40.97M |
41.02M |
Diluted Earnings per Share |
|
$1.06 |
$1.08 |
$0.37 |
$0.71 |
$0.73 |
$0.72 |
$0.61 |
$0.70 |
$0.45 |
$0.08 |
Weighted Average Diluted Shares Outstanding |
|
35.70M |
35.67M |
41.11M |
41.13M |
41.20M |
41.16M |
41.25M |
41.26M |
41.37M |
41.33M |
Weighted Average Basic & Diluted Shares Outstanding |
|
35.71M |
40.88M |
40.99M |
41.08M |
41.09M |
41.13M |
41.17M |
41.28M |
41.34M |
41.36M |
Annual Cash Flow Statements for First Bancorp
This table details how cash moves in and out of First Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
30 |
14 |
39 |
183 |
-30 |
-232 |
136 |
94 |
-191 |
-32 |
270 |
Net Cash From Operating Activities |
|
48 |
37 |
41 |
27 |
46 |
51 |
58 |
142 |
231 |
131 |
175 |
Net Cash From Continuing Operating Activities |
|
48 |
37 |
41 |
27 |
43 |
51 |
58 |
142 |
231 |
131 |
175 |
Net Income / (Loss) Continuing Operations |
|
25 |
27 |
28 |
46 |
89 |
92 |
81 |
96 |
147 |
104 |
76 |
Consolidated Net Income / (Loss) |
|
25 |
27 |
28 |
46 |
89 |
92 |
81 |
96 |
147 |
104 |
76 |
Provision For Loan Losses |
|
10 |
-0.78 |
-0.02 |
0.72 |
-3.59 |
2.26 |
35 |
15 |
12 |
18 |
16 |
Depreciation Expense |
|
4.62 |
4.49 |
4.60 |
5.49 |
6.08 |
5.84 |
5.84 |
6.19 |
6.86 |
7.75 |
7.76 |
Amortization Expense |
|
-13 |
-0.78 |
0.10 |
7.15 |
9.32 |
11 |
13 |
20 |
20 |
20 |
20 |
Non-Cash Adjustments to Reconcile Net Income |
|
16 |
13 |
-14 |
-29 |
-51 |
-53 |
-86 |
-11 |
46 |
-27 |
62 |
Changes in Operating Assets and Liabilities, net |
|
5.36 |
-5.56 |
23 |
-3.71 |
-4.02 |
-6.34 |
8.99 |
16 |
-1.95 |
9.39 |
-7.78 |
Net Cash From Investing Activities |
|
-26 |
-138 |
-240 |
-129 |
-313 |
-425 |
-962 |
-1,274 |
-713 |
-191 |
170 |
Net Cash From Continuing Investing Activities |
|
-26 |
-138 |
-240 |
-129 |
-313 |
-425 |
-962 |
-1,274 |
-713 |
-191 |
170 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-4.75 |
-5.48 |
-8.69 |
-4.66 |
-11 |
-3.53 |
-12 |
-9.40 |
-5.29 |
-4.42 |
-2.66 |
Purchase of Investment Securities |
|
-202 |
-250 |
-366 |
-406 |
-390 |
-664 |
-1,438 |
-1,761 |
-1,008 |
-541 |
-524 |
Sale of Property, Leasehold Improvements and Equipment |
|
1.31 |
1.62 |
2.03 |
0.15 |
2.75 |
1.80 |
0.19 |
0.31 |
0.30 |
0.97 |
1.34 |
Sale and/or Maturity of Investments |
|
181 |
126 |
134 |
210 |
85 |
237 |
479 |
485 |
300 |
353 |
690 |
Other Investing Activities, net |
|
-2.12 |
-9.88 |
-2.01 |
- |
0.00 |
4.09 |
9.85 |
- |
0.00 |
0.00 |
4.52 |
Net Cash From Financing Activities |
|
7.79 |
115 |
238 |
285 |
240 |
142 |
1,039 |
1,225 |
292 |
28 |
-75 |
Net Cash From Continuing Financing Activities |
|
7.79 |
115 |
238 |
285 |
240 |
142 |
1,039 |
1,225 |
292 |
28 |
-75 |
Net Change in Deposits |
|
-55 |
115 |
159 |
195 |
253 |
272 |
1,342 |
1,258 |
103 |
-244 |
498 |
Issuance of Debt |
|
70 |
70 |
85 |
203 |
100 |
0.00 |
-48 |
0.00 |
1,252 |
3,348 |
986 |
Repayment of Debt |
|
- |
- |
- |
-106 |
-101 |
-106 |
-202 |
-5.73 |
-1,032 |
-3,045 |
-1,525 |
Payment of Dividends |
|
-7.17 |
-7.11 |
-6.63 |
-7.60 |
-11 |
-14 |
-21 |
-22 |
-31 |
-35 |
-36 |
Other Financing Activities, Net |
|
0.07 |
0.06 |
0.21 |
0.06 |
-0.08 |
-0.57 |
-0.31 |
-0.79 |
-0.84 |
3.78 |
2.40 |
Cash Interest Paid |
|
8.42 |
7.01 |
7.65 |
12 |
23 |
34 |
21 |
10 |
14 |
136 |
187 |
Cash Income Taxes Paid |
|
5.10 |
14 |
12 |
20 |
21 |
24 |
30 |
33 |
40 |
30 |
34 |
Quarterly Cash Flow Statements for First Bancorp
This table details how cash moves in and out of First Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-165 |
0.80 |
443 |
-353 |
-87 |
-36 |
116 |
255 |
136 |
-237 |
Net Cash From Operating Activities |
|
49 |
51 |
37 |
29 |
28 |
38 |
-20 |
88 |
38 |
69 |
Net Cash From Continuing Operating Activities |
|
49 |
51 |
37 |
29 |
28 |
38 |
-20 |
88 |
38 |
69 |
Net Income / (Loss) Continuing Operations |
|
38 |
38 |
15 |
29 |
30 |
30 |
25 |
29 |
19 |
3.55 |
Consolidated Net Income / (Loss) |
|
38 |
38 |
15 |
29 |
30 |
30 |
25 |
29 |
19 |
3.55 |
Provision For Loan Losses |
|
5.40 |
5.00 |
13 |
2.36 |
0.00 |
2.95 |
1.20 |
0.54 |
14 |
0.51 |
Depreciation Expense |
|
1.72 |
1.71 |
1.92 |
1.86 |
1.81 |
2.17 |
2.02 |
2.01 |
1.86 |
1.88 |
Amortization Expense |
|
4.87 |
4.49 |
5.12 |
4.80 |
4.73 |
4.92 |
4.93 |
3.94 |
4.56 |
6.91 |
Non-Cash Adjustments to Reconcile Net Income |
|
-5.83 |
0.81 |
-8.69 |
-5.27 |
-13 |
-0.32 |
-4.49 |
2.62 |
1.61 |
62 |
Changes in Operating Assets and Liabilities, net |
|
4.59 |
1.00 |
11 |
-4.61 |
4.63 |
-1.23 |
-49 |
50 |
-2.48 |
-6.17 |
Net Cash From Investing Activities |
|
-234 |
-102 |
32 |
-43 |
-92 |
-89 |
171 |
232 |
88 |
-322 |
Net Cash From Continuing Investing Activities |
|
-234 |
-102 |
32 |
-43 |
-92 |
-89 |
171 |
232 |
88 |
-322 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.05 |
-1.54 |
-0.35 |
-1.51 |
-1.35 |
-1.22 |
-1.64 |
-0.08 |
-0.44 |
-0.50 |
Purchase of Investment Securities |
|
-285 |
-178 |
-154 |
-101 |
-139 |
-147 |
56 |
2.26 |
25 |
-608 |
Sale of Property, Leasehold Improvements and Equipment |
|
-0.20 |
0.14 |
0.02 |
0.03 |
0.01 |
0.91 |
0.01 |
- |
0.74 |
0.59 |
Sale and/or Maturity of Investments |
|
53 |
78 |
187 |
60 |
48 |
59 |
117 |
226 |
62 |
286 |
Net Cash From Financing Activities |
|
21 |
51 |
374 |
-339 |
-23 |
15 |
-35 |
-65 |
9.70 |
16 |
Net Cash From Continuing Financing Activities |
|
21 |
51 |
374 |
-339 |
-23 |
15 |
-35 |
-65 |
9.70 |
16 |
Net Change in Deposits |
|
-130 |
-1.67 |
99 |
-205 |
66 |
-204 |
271 |
184 |
17 |
25 |
Repayment of Debt |
|
-169 |
-863 |
-649 |
-421 |
-521 |
-1,455 |
-779 |
-241 |
-505 |
-0.01 |
Payment of Dividends |
|
-7.85 |
-7.85 |
-7.85 |
-9.02 |
-9.04 |
-9.04 |
-9.04 |
-9.05 |
-9.06 |
-9.10 |
Other Financing Activities, Net |
|
- |
-0.24 |
3.22 |
0.30 |
0.07 |
0.19 |
0.60 |
0.38 |
1.85 |
-0.42 |
Cash Interest Paid |
|
2.78 |
6.89 |
19 |
35 |
38 |
43 |
43 |
52 |
48 |
44 |
Cash Income Taxes Paid |
|
13 |
11 |
0.05 |
13 |
8.94 |
7.88 |
0.02 |
14 |
12 |
7.42 |
Annual Balance Sheets for First Bancorp
This table presents First Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
3,218 |
3,362 |
3,615 |
5,547 |
5,864 |
6,144 |
7,290 |
10,509 |
10,625 |
12,115 |
12,148 |
Cash and Due from Banks |
|
81 |
53 |
72 |
114 |
56 |
65 |
94 |
128 |
101 |
101 |
79 |
Interest Bearing Deposits at Other Banks |
|
171 |
213 |
234 |
375 |
407 |
167 |
274 |
333 |
169 |
137 |
429 |
Trading Account Securities |
|
337 |
320 |
329 |
462 |
603 |
890 |
1,621 |
3,144 |
2,856 |
2,723 |
2,563 |
Loans and Leases, Net of Allowance |
|
2,356 |
2,490 |
2,687 |
4,019 |
4,228 |
4,432 |
4,679 |
6,003 |
6,574 |
8,040 |
7,972 |
Loans and Leases |
|
2,396 |
2,519 |
2,711 |
4,042 |
4,249 |
4,453 |
4,731 |
6,082 |
6,665 |
8,150 |
8,095 |
Allowance for Loan and Lease Losses |
|
41 |
29 |
24 |
23 |
21 |
21 |
52 |
79 |
91 |
110 |
123 |
Premises and Equipment, Net |
|
75 |
75 |
75 |
116 |
119 |
115 |
121 |
136 |
134 |
151 |
143 |
Goodwill |
|
66 |
66 |
75 |
233 |
234 |
234 |
239 |
364 |
364 |
479 |
479 |
Intangible Assets |
|
2.06 |
1.34 |
4.43 |
24 |
21 |
17 |
15 |
18 |
13 |
30 |
23 |
Other Assets |
|
124 |
138 |
136 |
191 |
196 |
224 |
242 |
321 |
413 |
455 |
460 |
Total Liabilities & Shareholders' Equity |
|
3,218 |
3,362 |
3,615 |
5,547 |
5,864 |
6,144 |
7,290 |
10,509 |
10,625 |
12,115 |
12,148 |
Total Liabilities |
|
2,831 |
3,020 |
3,247 |
4,854 |
5,100 |
5,291 |
6,396 |
9,278 |
9,593 |
10,743 |
10,702 |
Non-Interest Bearing Deposits |
|
560 |
659 |
756 |
1,196 |
1,320 |
1,516 |
2,210 |
3,349 |
3,566 |
3,380 |
3,368 |
Interest Bearing Deposits |
|
2,136 |
2,152 |
2,191 |
3,211 |
3,339 |
3,415 |
4,064 |
5,776 |
5,662 |
6,652 |
7,163 |
Accrued Interest Payable |
|
0.69 |
0.59 |
0.54 |
1.24 |
1.98 |
2.15 |
0.90 |
0.61 |
2.74 |
5.70 |
4.60 |
Long-Term Debt |
|
- |
- |
- |
- |
- |
301 |
62 |
67 |
288 |
630 |
92 |
Other Long-Term Liabilities |
|
18 |
22 |
27 |
38 |
32 |
57 |
60 |
86 |
76 |
75 |
75 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
388 |
342 |
368 |
693 |
764 |
852 |
893 |
1,231 |
1,032 |
1,372 |
1,446 |
Total Preferred & Common Equity |
|
388 |
342 |
368 |
693 |
764 |
852 |
893 |
1,231 |
1,032 |
1,372 |
1,446 |
Preferred Stock |
|
71 |
7.29 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
317 |
335 |
368 |
693 |
764 |
852 |
893 |
1,231 |
1,032 |
1,372 |
1,446 |
Common Stock |
|
133 |
133 |
147 |
429 |
431 |
427 |
398 |
721 |
724 |
963 |
970 |
Retained Earnings |
|
185 |
205 |
226 |
264 |
342 |
418 |
478 |
533 |
648 |
716 |
756 |
Accumulated Other Comprehensive Income / (Loss) |
|
-0.58 |
-3.55 |
-5.11 |
-4.15 |
-12 |
5.12 |
14 |
-25 |
-342 |
-308 |
-282 |
Other Equity Adjustments |
|
- |
- |
0.00 |
3.58 |
3.24 |
2.59 |
2.24 |
1.80 |
1.59 |
1.39 |
1.15 |
Quarterly Balance Sheets for First Bancorp
This table presents First Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
10,516 |
12,363 |
12,033 |
11,978 |
12,092 |
12,061 |
12,153 |
Cash and Due from Banks |
|
83 |
103 |
101 |
95 |
87 |
90 |
74 |
Interest Bearing Deposits at Other Banks |
|
186 |
611 |
259 |
178 |
267 |
518 |
670 |
Trading Account Securities |
|
2,882 |
2,830 |
2,758 |
2,636 |
2,614 |
2,391 |
2,429 |
Loans and Leases, Net of Allowance |
|
6,439 |
7,693 |
7,788 |
7,919 |
7,966 |
7,960 |
7,891 |
Loans and Leases |
|
6,525 |
7,799 |
7,898 |
8,027 |
8,077 |
8,070 |
8,014 |
Allowance for Loan and Lease Losses |
|
87 |
106 |
109 |
108 |
110 |
110 |
123 |
Premises and Equipment, Net |
|
134 |
153 |
152 |
152 |
151 |
147 |
145 |
Goodwill |
|
364 |
479 |
479 |
479 |
479 |
479 |
479 |
Intangible Assets |
|
14 |
39 |
37 |
35 |
31 |
26 |
24 |
Other Assets |
|
412 |
8,146 |
458 |
476 |
490 |
443 |
431 |
Total Liabilities & Shareholders' Equity |
|
10,516 |
12,363 |
12,033 |
11,978 |
12,092 |
12,061 |
12,153 |
Total Liabilities |
|
9,531 |
11,063 |
10,735 |
10,720 |
10,715 |
10,656 |
10,676 |
Non-Interest Bearing Deposits |
|
3,748 |
3,764 |
3,640 |
3,503 |
3,362 |
3,340 |
3,350 |
Interest Bearing Deposits |
|
5,481 |
6,609 |
6,529 |
6,732 |
6,941 |
7,148 |
7,155 |
Accrued Interest Payable |
|
0.88 |
6.99 |
4.85 |
5.51 |
9.85 |
5.73 |
5.57 |
Long-Term Debt |
|
226 |
606 |
482 |
402 |
332 |
92 |
92 |
Other Long-Term Liabilities |
|
75 |
77 |
80 |
78 |
70 |
71 |
74 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
984 |
1,300 |
1,298 |
1,258 |
1,376 |
1,404 |
1,478 |
Total Preferred & Common Equity |
|
984 |
1,300 |
1,298 |
1,258 |
1,376 |
1,404 |
1,478 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
984 |
1,300 |
1,298 |
1,258 |
1,376 |
1,404 |
1,478 |
Common Stock |
|
723 |
958 |
959 |
961 |
964 |
966 |
969 |
Retained Earnings |
|
618 |
655 |
675 |
696 |
733 |
752 |
762 |
Accumulated Other Comprehensive Income / (Loss) |
|
-358 |
-314 |
-338 |
-401 |
-322 |
-315 |
-255 |
Other Equity Adjustments |
|
1.59 |
1.61 |
1.37 |
1.38 |
1.40 |
1.14 |
1.15 |
Annual Metrics And Ratios for First Bancorp
This table displays calculated financial ratios and metrics derived from First Bancorp's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-8.77% |
-5.11% |
7.52% |
43.65% |
24.51% |
3.51% |
8.61% |
6.86% |
22.76% |
2.88% |
-13.36% |
EBITDA Growth |
|
17.28% |
50.32% |
4.38% |
71.62% |
60.34% |
3.05% |
-8.27% |
20.05% |
45.12% |
-24.96% |
-20.76% |
EBIT Growth |
|
17.54% |
6.82% |
2.36% |
60.77% |
67.52% |
2.47% |
-11.31% |
16.67% |
53.94% |
-28.76% |
-25.64% |
NOPAT Growth |
|
20.76% |
8.15% |
1.76% |
67.12% |
94.22% |
3.09% |
-11.48% |
17.39% |
53.63% |
-29.13% |
-26.81% |
Net Income Growth |
|
20.76% |
8.15% |
1.76% |
67.12% |
94.22% |
3.09% |
-11.48% |
17.39% |
53.63% |
-29.13% |
-26.81% |
EPS Growth |
|
21.43% |
9.24% |
2.31% |
36.84% |
65.38% |
2.99% |
-9.35% |
13.52% |
29.15% |
-38.59% |
-27.27% |
Operating Cash Flow Growth |
|
-33.47% |
-21.89% |
10.50% |
-34.97% |
72.93% |
10.40% |
13.85% |
144.00% |
62.05% |
-43.03% |
33.02% |
Free Cash Flow Firm Growth |
|
-1,341.95% |
104.18% |
-3,379.67% |
-397.66% |
104.57% |
478.82% |
154.34% |
-188.46% |
150.91% |
-560.52% |
193.43% |
Invested Capital Growth |
|
20.51% |
4.86% |
20.98% |
72.09% |
6.39% |
-1.52% |
-17.16% |
35.88% |
1.63% |
51.81% |
-23.22% |
Revenue Q/Q Growth |
|
-4.04% |
0.26% |
3.47% |
12.21% |
0.71% |
1.25% |
2.28% |
4.20% |
2.62% |
-0.47% |
-8.22% |
EBITDA Q/Q Growth |
|
-15.42% |
20.31% |
-18.92% |
39.67% |
8.04% |
-2.36% |
4.49% |
-10.30% |
19.86% |
-5.26% |
-20.76% |
EBIT Q/Q Growth |
|
6.11% |
-1.51% |
5.86% |
11.16% |
9.44% |
-3.04% |
3.87% |
-12.65% |
23.55% |
-7.10% |
-23.90% |
NOPAT Q/Q Growth |
|
6.01% |
-1.09% |
6.00% |
14.50% |
12.21% |
-3.17% |
3.51% |
-12.07% |
23.45% |
-7.76% |
-25.53% |
Net Income Q/Q Growth |
|
6.01% |
-1.09% |
6.00% |
14.50% |
12.21% |
-3.17% |
3.51% |
-12.07% |
23.45% |
-7.76% |
-25.53% |
EPS Q/Q Growth |
|
5.31% |
0.00% |
5.56% |
5.81% |
11.07% |
-2.82% |
4.07% |
-16.27% |
27.16% |
-12.46% |
-25.81% |
Operating Cash Flow Q/Q Growth |
|
-29.97% |
-12.08% |
10.27% |
10,666.14% |
-23.14% |
-8.74% |
12.48% |
5.07% |
9.64% |
-9.18% |
21.19% |
Free Cash Flow Firm Q/Q Growth |
|
11.26% |
113.37% |
-199.76% |
-54.56% |
111.85% |
0.66% |
2.79% |
-505.76% |
224.02% |
-72.59% |
180.97% |
Invested Capital Q/Q Growth |
|
0.58% |
-3.47% |
6.34% |
20.93% |
1.84% |
1.54% |
1.34% |
31.04% |
8.93% |
20.67% |
-2.02% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
20.45% |
32.40% |
31.45% |
37.57% |
48.38% |
48.17% |
40.68% |
45.71% |
54.03% |
39.41% |
36.04% |
EBIT Margin |
|
26.40% |
29.72% |
28.29% |
31.66% |
42.60% |
42.17% |
34.44% |
37.60% |
47.15% |
32.65% |
28.02% |
Profit (Net Income) Margin |
|
17.12% |
19.52% |
18.47% |
21.49% |
33.52% |
33.38% |
27.21% |
29.89% |
37.40% |
25.77% |
21.77% |
Tax Burden Percent |
|
64.87% |
65.68% |
65.29% |
67.87% |
78.68% |
79.16% |
79.00% |
79.49% |
79.33% |
78.91% |
77.68% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
35.13% |
34.32% |
34.71% |
32.13% |
21.32% |
20.84% |
21.00% |
20.51% |
20.67% |
21.09% |
22.32% |
Return on Invested Capital (ROIC) |
|
5.42% |
5.24% |
4.71% |
5.28% |
7.86% |
7.92% |
7.73% |
8.49% |
11.23% |
6.27% |
4.31% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
5.42% |
5.24% |
4.71% |
5.28% |
7.86% |
7.92% |
7.73% |
8.49% |
11.23% |
6.27% |
4.31% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.16% |
2.17% |
3.04% |
3.38% |
4.39% |
3.47% |
1.60% |
0.52% |
1.76% |
2.39% |
1.10% |
Return on Equity (ROE) |
|
6.58% |
7.41% |
7.75% |
8.67% |
12.25% |
11.39% |
9.33% |
9.01% |
12.99% |
8.66% |
5.41% |
Cash Return on Invested Capital (CROIC) |
|
-13.18% |
0.49% |
-14.28% |
-47.71% |
1.67% |
9.45% |
26.49% |
-21.93% |
9.61% |
-34.88% |
30.58% |
Operating Return on Assets (OROA) |
|
1.20% |
1.25% |
1.21% |
1.48% |
1.99% |
1.94% |
1.54% |
1.35% |
1.75% |
1.16% |
0.81% |
Return on Assets (ROA) |
|
0.78% |
0.82% |
0.79% |
1.00% |
1.56% |
1.53% |
1.21% |
1.07% |
1.39% |
0.92% |
0.63% |
Return on Common Equity (ROCE) |
|
5.35% |
6.62% |
7.67% |
8.67% |
12.25% |
11.39% |
9.33% |
9.01% |
12.99% |
8.66% |
5.41% |
Return on Equity Simple (ROE_SIMPLE) |
|
6.45% |
7.90% |
7.47% |
6.63% |
11.68% |
10.80% |
9.12% |
7.77% |
14.24% |
7.59% |
5.27% |
Net Operating Profit after Tax (NOPAT) |
|
25 |
27 |
28 |
46 |
89 |
92 |
81 |
96 |
147 |
104 |
76 |
NOPAT Margin |
|
17.12% |
19.52% |
18.47% |
21.49% |
33.52% |
33.38% |
27.21% |
29.89% |
37.40% |
25.77% |
21.77% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
39.30% |
42.43% |
42.10% |
37.83% |
40.69% |
40.66% |
38.91% |
37.27% |
34.70% |
39.80% |
45.69% |
Operating Expenses to Revenue |
|
66.62% |
70.85% |
71.73% |
68.00% |
58.75% |
57.01% |
53.86% |
57.70% |
49.69% |
62.94% |
67.28% |
Earnings before Interest and Taxes (EBIT) |
|
39 |
41 |
42 |
68 |
113 |
116 |
103 |
120 |
185 |
132 |
98 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
30 |
45 |
47 |
80 |
129 |
133 |
122 |
146 |
212 |
159 |
126 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.96 |
0.94 |
1.28 |
1.32 |
1.12 |
1.24 |
1.00 |
1.24 |
1.41 |
1.08 |
1.26 |
Price to Tangible Book Value (P/TBV) |
|
1.22 |
1.18 |
1.63 |
2.10 |
1.68 |
1.76 |
1.40 |
1.80 |
2.22 |
1.72 |
1.93 |
Price to Revenue (P/Rev) |
|
2.08 |
2.27 |
3.16 |
4.27 |
3.21 |
3.83 |
2.98 |
4.78 |
3.70 |
3.67 |
5.19 |
Price to Earnings (P/E) |
|
12.59 |
11.92 |
17.24 |
19.85 |
9.58 |
11.48 |
10.96 |
15.98 |
9.90 |
14.26 |
23.85 |
Dividend Yield |
|
2.08% |
2.01% |
1.37% |
1.04% |
1.39% |
1.51% |
2.31% |
1.86% |
2.16% |
2.43% |
2.00% |
Earnings Yield |
|
7.95% |
8.39% |
5.80% |
5.04% |
10.43% |
8.71% |
9.12% |
6.26% |
10.10% |
7.01% |
4.19% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.47 |
0.46 |
0.68 |
0.75 |
0.68 |
0.98 |
0.62 |
0.87 |
1.12 |
0.94 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
|
1.63 |
1.74 |
2.93 |
3.88 |
3.00 |
4.08 |
1.96 |
3.55 |
3.75 |
4.65 |
4.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.96 |
5.38 |
9.32 |
10.33 |
6.20 |
8.48 |
4.82 |
7.76 |
6.93 |
11.79 |
11.11 |
Enterprise Value to EBIT (EV/EBIT) |
|
6.17 |
5.87 |
10.36 |
12.26 |
7.04 |
9.68 |
5.70 |
9.43 |
7.94 |
14.23 |
14.29 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
9.51 |
8.93 |
15.87 |
18.07 |
8.95 |
12.23 |
7.21 |
11.86 |
10.01 |
18.03 |
18.40 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
4.97 |
6.46 |
10.58 |
30.95 |
17.23 |
21.98 |
10.07 |
7.97 |
6.38 |
14.29 |
8.02 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
94.95 |
0.00 |
0.00 |
42.14 |
10.25 |
2.10 |
0.00 |
11.70 |
0.00 |
2.59 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.30 |
0.54 |
0.74 |
0.59 |
0.53 |
0.35 |
0.07 |
0.05 |
0.28 |
0.46 |
0.06 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.35 |
0.07 |
0.05 |
0.28 |
0.46 |
0.06 |
Financial Leverage |
|
0.21 |
0.41 |
0.64 |
0.64 |
0.56 |
0.44 |
0.21 |
0.06 |
0.16 |
0.38 |
0.26 |
Leverage Ratio |
|
8.43 |
9.02 |
9.82 |
8.63 |
7.83 |
7.43 |
7.69 |
8.38 |
9.34 |
9.46 |
8.61 |
Compound Leverage Factor |
|
8.43 |
9.02 |
9.82 |
8.63 |
7.83 |
7.43 |
7.69 |
8.38 |
9.34 |
9.46 |
8.61 |
Debt to Total Capital |
|
23.09% |
35.26% |
42.44% |
37.03% |
34.73% |
26.08% |
6.47% |
5.19% |
21.80% |
31.47% |
5.98% |
Short-Term Debt to Total Capital |
|
23.09% |
35.26% |
42.44% |
37.03% |
34.73% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
26.08% |
6.47% |
5.19% |
21.80% |
31.47% |
5.98% |
Preferred Equity to Total Capital |
|
14.04% |
1.38% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
62.87% |
63.36% |
57.56% |
62.97% |
65.27% |
73.92% |
93.53% |
94.81% |
78.20% |
68.53% |
94.02% |
Debt to EBITDA |
|
3.90 |
4.15 |
5.79 |
5.07 |
3.16 |
2.26 |
0.51 |
0.46 |
1.35 |
3.96 |
0.73 |
Net Debt to EBITDA |
|
-4.58 |
-1.80 |
-0.74 |
-1.02 |
-0.44 |
0.52 |
-2.51 |
-2.69 |
0.08 |
2.46 |
-3.29 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.26 |
0.51 |
0.46 |
1.35 |
3.96 |
0.73 |
Debt to NOPAT |
|
4.66 |
6.89 |
9.87 |
8.87 |
4.55 |
3.27 |
0.76 |
0.70 |
1.96 |
6.05 |
1.21 |
Net Debt to NOPAT |
|
-5.47 |
-2.99 |
-1.26 |
-1.78 |
-0.63 |
0.75 |
-3.75 |
-4.12 |
0.12 |
3.77 |
-5.45 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
3.27 |
0.76 |
0.70 |
1.96 |
6.05 |
1.21 |
Noncontrolling Interest Sharing Ratio |
|
18.64% |
10.70% |
1.03% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-61 |
2.54 |
-83 |
-415 |
19 |
110 |
279 |
-247 |
126 |
-579 |
541 |
Operating Cash Flow to CapEx |
|
1,389.31% |
967.62% |
619.31% |
595.34% |
582.31% |
2,953.20% |
479.16% |
1,566.01% |
4,624.18% |
3,807.48% |
13,261.08% |
Free Cash Flow to Firm to Interest Expense |
|
-7.39 |
0.37 |
-10.96 |
-32.76 |
0.80 |
3.24 |
14.28 |
-25.94 |
7.81 |
-4.08 |
2.90 |
Operating Cash Flow to Interest Expense |
|
5.82 |
5.41 |
5.43 |
2.12 |
1.95 |
1.51 |
2.98 |
14.95 |
14.32 |
0.92 |
0.93 |
Operating Cash Flow Less CapEx to Interest Expense |
|
5.40 |
4.85 |
4.55 |
1.76 |
1.62 |
1.46 |
2.36 |
13.99 |
14.01 |
0.90 |
0.93 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.04 |
0.04 |
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
Fixed Asset Turnover |
|
1.91 |
1.85 |
1.99 |
2.23 |
2.26 |
2.36 |
2.54 |
2.49 |
2.91 |
2.83 |
2.38 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
504 |
529 |
639 |
1,101 |
1,171 |
1,153 |
955 |
1,298 |
1,319 |
2,003 |
1,537 |
Invested Capital Turnover |
|
0.32 |
0.27 |
0.26 |
0.25 |
0.23 |
0.24 |
0.28 |
0.28 |
0.30 |
0.24 |
0.20 |
Increase / (Decrease) in Invested Capital |
|
86 |
24 |
111 |
461 |
70 |
-18 |
-198 |
343 |
21 |
683 |
-465 |
Enterprise Value (EV) |
|
238 |
241 |
437 |
831 |
799 |
1,126 |
588 |
1,135 |
1,471 |
1,877 |
1,402 |
Market Capitalization |
|
304 |
315 |
471 |
913 |
856 |
1,057 |
893 |
1,528 |
1,454 |
1,485 |
1,818 |
Book Value per Share |
|
$16.08 |
$16.93 |
$18.30 |
$23.38 |
$25.71 |
$28.79 |
$31.21 |
$34.57 |
$28.89 |
$33.40 |
$34.97 |
Tangible Book Value per Share |
|
$12.64 |
$13.53 |
$14.35 |
$14.69 |
$17.11 |
$20.29 |
$22.31 |
$23.84 |
$18.33 |
$21.03 |
$22.83 |
Total Capital |
|
504 |
529 |
639 |
1,101 |
1,171 |
1,153 |
955 |
1,298 |
1,319 |
2,003 |
1,537 |
Total Debt |
|
116 |
186 |
271 |
408 |
407 |
301 |
62 |
67 |
288 |
630 |
92 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
301 |
62 |
67 |
288 |
630 |
92 |
Net Debt |
|
-137 |
-81 |
-35 |
-82 |
-56 |
69 |
-305 |
-394 |
17 |
392 |
-416 |
Capital Expenditures (CapEx) |
|
3.44 |
3.86 |
6.66 |
4.51 |
7.97 |
1.74 |
12 |
9.09 |
4.99 |
3.45 |
1.32 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
116 |
186 |
271 |
408 |
407 |
301 |
62 |
67 |
288 |
630 |
92 |
Total Depreciation and Amortization (D&A) |
|
-8.68 |
3.71 |
4.70 |
13 |
15 |
17 |
19 |
26 |
27 |
27 |
28 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.22 |
$1.34 |
$1.37 |
$1.82 |
$3.02 |
$3.10 |
$2.81 |
$3.19 |
$4.12 |
$2.54 |
$1.85 |
Adjusted Weighted Average Basic Shares Outstanding |
|
19.70M |
19.77M |
19.96M |
25.21M |
29.57M |
29.55M |
28.84M |
29.88M |
35.49M |
40.75M |
41.02M |
Adjusted Diluted Earnings per Share |
|
$1.19 |
$1.30 |
$1.33 |
$1.82 |
$3.01 |
$3.10 |
$2.81 |
$3.19 |
$4.12 |
$2.53 |
$1.84 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
20.43M |
20.50M |
20.73M |
25.29M |
29.71M |
29.72M |
28.98M |
30.03M |
35.67M |
41.16M |
41.33M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.10 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
19.71M |
19.75M |
24.65M |
29.65M |
29.72M |
29.21M |
28.49M |
35.65M |
40.88M |
41.13M |
41.36M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
25 |
27 |
28 |
52 |
92 |
93 |
82 |
109 |
151 |
115 |
76 |
Normalized NOPAT Margin |
|
17.12% |
19.52% |
19.10% |
24.22% |
34.38% |
33.71% |
27.35% |
34.07% |
38.43% |
28.44% |
21.77% |
Pre Tax Income Margin |
|
26.40% |
29.72% |
28.29% |
31.66% |
42.60% |
42.17% |
34.44% |
37.60% |
47.15% |
32.65% |
28.02% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.69 |
5.96 |
5.54 |
5.35 |
4.77 |
3.43 |
5.27 |
12.63 |
11.50 |
0.93 |
0.52 |
NOPAT to Interest Expense |
|
3.04 |
3.91 |
3.62 |
3.63 |
3.76 |
2.72 |
4.17 |
10.04 |
9.12 |
0.73 |
0.41 |
EBIT Less CapEx to Interest Expense |
|
4.27 |
5.40 |
4.66 |
4.99 |
4.44 |
3.38 |
4.65 |
11.68 |
11.19 |
0.90 |
0.52 |
NOPAT Less CapEx to Interest Expense |
|
2.62 |
3.35 |
2.74 |
3.27 |
3.42 |
2.66 |
3.54 |
9.09 |
8.82 |
0.71 |
0.40 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
28.69% |
26.28% |
24.11% |
16.52% |
12.63% |
14.84% |
25.70% |
23.24% |
20.87% |
33.55% |
47.56% |
Augmented Payout Ratio |
|
28.69% |
26.28% |
24.11% |
16.52% |
12.63% |
25.71% |
64.81% |
27.46% |
20.87% |
33.55% |
47.56% |
Quarterly Metrics And Ratios for First Bancorp
This table displays calculated financial ratios and metrics derived from First Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
36.21% |
11.28% |
10.29% |
5.95% |
-2.32% |
-1.92% |
-13.07% |
-5.44% |
-3.26% |
-32.32% |
EBITDA Growth |
|
33.20% |
185.07% |
-46.84% |
-17.78% |
-19.69% |
-17.34% |
46.76% |
-2.46% |
-34.40% |
-65.03% |
EBIT Growth |
|
40.03% |
278.63% |
-54.66% |
-19.23% |
-22.27% |
-21.44% |
64.30% |
-1.03% |
-40.06% |
-81.75% |
NOPAT Growth |
|
37.28% |
265.26% |
-55.37% |
-19.63% |
-21.23% |
-22.79% |
66.69% |
-2.35% |
-37.51% |
-88.03% |
Net Income Growth |
|
37.28% |
265.26% |
-55.37% |
-19.63% |
-21.23% |
-22.79% |
66.69% |
-2.35% |
-37.51% |
-88.03% |
EPS Growth |
|
9.28% |
440.00% |
-61.05% |
-31.07% |
-31.13% |
-33.33% |
64.86% |
-1.41% |
-38.36% |
-88.89% |
Operating Cash Flow Growth |
|
61.89% |
65.10% |
-63.44% |
-6.04% |
-42.34% |
-25.81% |
-154.87% |
207.38% |
36.85% |
80.07% |
Free Cash Flow Firm Growth |
|
-801.86% |
105.21% |
-232.04% |
-386.59% |
-129.39% |
-3,880.93% |
131.61% |
150.34% |
126.03% |
171.68% |
Invested Capital Growth |
|
22.26% |
1.63% |
60.89% |
57.49% |
37.04% |
51.81% |
-10.39% |
-15.93% |
-5.44% |
-23.22% |
Revenue Q/Q Growth |
|
7.03% |
-3.24% |
7.17% |
-4.53% |
-1.32% |
-2.86% |
-5.01% |
3.85% |
0.95% |
-32.04% |
EBITDA Q/Q Growth |
|
3.02% |
-1.56% |
-50.80% |
66.44% |
0.62% |
1.32% |
-12.76% |
10.61% |
-32.32% |
-45.99% |
EBIT Q/Q Growth |
|
5.01% |
-0.98% |
-59.51% |
92.64% |
1.04% |
0.09% |
-15.67% |
16.05% |
-38.80% |
-69.53% |
NOPAT Q/Q Growth |
|
3.73% |
1.28% |
-60.55% |
93.94% |
1.67% |
-0.73% |
-14.83% |
13.61% |
-34.94% |
-80.99% |
Net Income Q/Q Growth |
|
3.73% |
1.28% |
-60.55% |
93.94% |
1.67% |
-0.73% |
-14.83% |
13.61% |
-34.94% |
-80.99% |
EPS Q/Q Growth |
|
2.91% |
1.89% |
-65.74% |
91.89% |
2.82% |
-1.37% |
-15.28% |
14.75% |
-35.71% |
-82.22% |
Operating Cash Flow Q/Q Growth |
|
60.31% |
5.65% |
-28.83% |
-22.06% |
-1.63% |
35.95% |
-144.04% |
536.60% |
-56.20% |
78.88% |
Free Cash Flow Firm Q/Q Growth |
|
-43.21% |
109.47% |
-4,185.22% |
12.21% |
32.49% |
-56.16% |
134.15% |
39.81% |
-65.09% |
329.96% |
Invested Capital Q/Q Growth |
|
7.19% |
8.93% |
44.53% |
-6.67% |
-6.73% |
20.67% |
-14.69% |
-12.44% |
4.90% |
-2.02% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
53.82% |
54.76% |
24.89% |
43.39% |
44.25% |
46.15% |
42.02% |
44.76% |
30.00% |
23.85% |
EBIT Margin |
|
47.38% |
48.49% |
18.25% |
36.82% |
37.70% |
38.84% |
34.48% |
38.53% |
23.36% |
10.47% |
Profit (Net Income) Margin |
|
37.12% |
38.85% |
14.30% |
29.05% |
29.93% |
30.58% |
27.42% |
30.00% |
19.33% |
5.41% |
Tax Burden Percent |
|
78.82% |
79.62% |
78.37% |
78.90% |
79.39% |
78.73% |
79.51% |
77.84% |
82.76% |
51.63% |
Interest Burden Percent |
|
99.38% |
100.63% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
21.18% |
20.38% |
21.63% |
21.10% |
20.61% |
21.27% |
20.49% |
22.16% |
17.24% |
48.37% |
Return on Invested Capital (ROIC) |
|
12.91% |
11.66% |
3.73% |
8.16% |
8.47% |
7.44% |
5.92% |
7.05% |
4.57% |
1.07% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
12.91% |
11.66% |
3.73% |
8.16% |
8.47% |
7.44% |
5.92% |
7.05% |
4.57% |
1.07% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.94% |
1.83% |
1.04% |
1.90% |
2.37% |
2.84% |
2.08% |
1.50% |
0.82% |
0.27% |
Return on Equity (ROE) |
|
14.84% |
13.49% |
4.76% |
10.05% |
10.84% |
10.28% |
8.00% |
8.54% |
5.39% |
1.34% |
Cash Return on Invested Capital (CROIC) |
|
-9.22% |
9.61% |
-38.39% |
-36.34% |
-23.39% |
-34.88% |
17.28% |
24.24% |
11.93% |
30.58% |
Operating Return on Assets (OROA) |
|
1.91% |
1.80% |
0.64% |
1.33% |
1.36% |
1.38% |
1.10% |
1.23% |
0.74% |
0.30% |
Return on Assets (ROA) |
|
1.50% |
1.44% |
0.50% |
1.05% |
1.08% |
1.09% |
0.88% |
0.96% |
0.61% |
0.16% |
Return on Common Equity (ROCE) |
|
14.84% |
13.49% |
4.76% |
10.05% |
10.84% |
10.28% |
8.00% |
8.54% |
5.39% |
1.34% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.09% |
0.00% |
9.86% |
9.32% |
8.98% |
0.00% |
8.30% |
8.09% |
6.93% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
38 |
38 |
15 |
29 |
30 |
30 |
25 |
29 |
19 |
3.55 |
NOPAT Margin |
|
37.12% |
38.85% |
14.30% |
29.05% |
29.93% |
30.58% |
27.42% |
30.00% |
19.33% |
5.41% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
32.68% |
34.81% |
38.46% |
39.33% |
40.99% |
40.52% |
42.85% |
41.12% |
42.75% |
60.67% |
Operating Expenses to Revenue |
|
47.63% |
46.15% |
69.96% |
60.85% |
62.30% |
58.11% |
64.22% |
60.90% |
61.94% |
88.75% |
Earnings before Interest and Taxes (EBIT) |
|
48 |
48 |
19 |
37 |
38 |
38 |
32 |
37 |
23 |
6.88 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
55 |
54 |
26 |
44 |
44 |
45 |
39 |
43 |
29 |
16 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.27 |
1.41 |
1.08 |
0.91 |
0.90 |
1.08 |
1.07 |
0.94 |
1.16 |
1.26 |
Price to Tangible Book Value (P/TBV) |
|
2.06 |
2.22 |
1.79 |
1.52 |
1.52 |
1.72 |
1.70 |
1.46 |
1.76 |
1.93 |
Price to Revenue (P/Rev) |
|
3.26 |
3.70 |
3.48 |
2.91 |
2.78 |
3.67 |
3.78 |
3.42 |
4.50 |
5.19 |
Price to Earnings (P/E) |
|
10.48 |
9.90 |
10.95 |
9.81 |
9.99 |
14.26 |
12.91 |
11.57 |
16.78 |
23.85 |
Dividend Yield |
|
2.46% |
2.16% |
2.56% |
3.04% |
3.20% |
2.43% |
2.45% |
2.76% |
2.12% |
2.00% |
Earnings Yield |
|
9.54% |
10.10% |
9.13% |
10.19% |
10.01% |
7.01% |
7.74% |
8.64% |
5.96% |
4.19% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.99 |
1.12 |
0.68 |
0.74 |
0.76 |
0.94 |
0.85 |
0.53 |
0.68 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
|
3.15 |
3.75 |
3.22 |
3.20 |
3.09 |
4.65 |
3.72 |
2.07 |
2.79 |
4.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.80 |
6.93 |
6.88 |
7.31 |
7.47 |
11.79 |
8.28 |
4.57 |
6.68 |
11.11 |
Enterprise Value to EBIT (EV/EBIT) |
|
8.03 |
7.94 |
8.02 |
8.56 |
8.84 |
14.23 |
10.07 |
5.54 |
8.25 |
14.29 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
10.12 |
10.01 |
10.12 |
10.81 |
11.13 |
18.03 |
12.73 |
7.02 |
10.40 |
18.40 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
5.72 |
6.38 |
7.76 |
7.91 |
8.68 |
14.29 |
19.46 |
5.96 |
7.38 |
8.02 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
11.70 |
0.00 |
0.00 |
0.00 |
0.00 |
4.66 |
2.01 |
5.52 |
2.59 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.23 |
0.28 |
0.47 |
0.37 |
0.32 |
0.46 |
0.24 |
0.07 |
0.06 |
0.06 |
Long-Term Debt to Equity |
|
0.23 |
0.28 |
0.47 |
0.37 |
0.32 |
0.46 |
0.24 |
0.07 |
0.06 |
0.06 |
Financial Leverage |
|
0.15 |
0.16 |
0.28 |
0.23 |
0.28 |
0.38 |
0.35 |
0.21 |
0.18 |
0.26 |
Leverage Ratio |
|
9.93 |
9.34 |
9.52 |
9.58 |
10.03 |
9.46 |
9.14 |
8.92 |
8.82 |
8.61 |
Compound Leverage Factor |
|
9.87 |
9.40 |
9.52 |
9.58 |
10.03 |
9.46 |
9.14 |
8.92 |
8.82 |
8.61 |
Debt to Total Capital |
|
18.70% |
21.80% |
31.81% |
27.07% |
24.21% |
31.47% |
19.45% |
6.12% |
5.84% |
5.98% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
18.70% |
21.80% |
31.81% |
27.07% |
24.21% |
31.47% |
19.45% |
6.12% |
5.84% |
5.98% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
81.30% |
78.20% |
68.19% |
72.93% |
75.79% |
68.53% |
80.55% |
93.88% |
94.16% |
94.02% |
Debt to EBITDA |
|
1.28 |
1.35 |
3.22 |
2.69 |
2.39 |
3.96 |
1.89 |
0.52 |
0.58 |
0.73 |
Net Debt to EBITDA |
|
-0.24 |
0.08 |
-0.57 |
0.68 |
0.76 |
2.46 |
-0.12 |
-2.96 |
-4.10 |
-3.29 |
Long-Term Debt to EBITDA |
|
1.28 |
1.35 |
3.22 |
2.69 |
2.39 |
3.96 |
1.89 |
0.52 |
0.58 |
0.73 |
Debt to NOPAT |
|
1.90 |
1.96 |
4.73 |
3.98 |
3.56 |
6.05 |
2.91 |
0.81 |
0.90 |
1.21 |
Net Debt to NOPAT |
|
-0.36 |
0.12 |
-0.83 |
1.00 |
1.14 |
3.77 |
-0.19 |
-4.55 |
-6.38 |
-5.45 |
Long-Term Debt to NOPAT |
|
1.90 |
1.96 |
4.73 |
3.98 |
3.56 |
6.05 |
2.91 |
0.81 |
0.90 |
1.21 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-183 |
17 |
-706 |
-620 |
-419 |
-654 |
223 |
312 |
109 |
469 |
Operating Cash Flow to CapEx |
|
3,901.60% |
3,682.53% |
11,061.93% |
1,930.92% |
2,106.15% |
12,351.78% |
-1,231.88% |
109,652.50% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-61.74 |
1.98 |
-28.61 |
-18.14 |
-10.69 |
-14.83 |
4.72 |
6.54 |
2.25 |
10.76 |
Operating Cash Flow to Interest Expense |
|
16.47 |
5.89 |
1.48 |
0.84 |
0.72 |
0.87 |
-0.42 |
1.84 |
0.79 |
1.58 |
Operating Cash Flow Less CapEx to Interest Expense |
|
16.05 |
5.73 |
1.47 |
0.79 |
0.68 |
0.86 |
-0.46 |
1.84 |
0.80 |
1.58 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
2.96 |
2.91 |
2.79 |
2.84 |
2.84 |
2.83 |
2.57 |
2.57 |
2.57 |
2.38 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,211 |
1,319 |
1,906 |
1,779 |
1,660 |
2,003 |
1,708 |
1,496 |
1,569 |
1,537 |
Invested Capital Turnover |
|
0.35 |
0.30 |
0.26 |
0.28 |
0.28 |
0.24 |
0.22 |
0.24 |
0.24 |
0.20 |
Increase / (Decrease) in Invested Capital |
|
220 |
21 |
722 |
650 |
449 |
683 |
-198 |
-283 |
-90 |
-465 |
Enterprise Value (EV) |
|
1,204 |
1,471 |
1,296 |
1,308 |
1,256 |
1,877 |
1,454 |
797 |
1,064 |
1,402 |
Market Capitalization |
|
1,247 |
1,454 |
1,403 |
1,187 |
1,128 |
1,485 |
1,475 |
1,314 |
1,717 |
1,818 |
Book Value per Share |
|
$27.59 |
$28.89 |
$31.80 |
$31.66 |
$30.61 |
$33.40 |
$33.45 |
$34.11 |
$35.79 |
$34.97 |
Tangible Book Value per Share |
|
$16.99 |
$18.33 |
$19.13 |
$19.07 |
$18.11 |
$21.03 |
$21.06 |
$21.85 |
$23.60 |
$22.83 |
Total Capital |
|
1,211 |
1,319 |
1,906 |
1,779 |
1,660 |
2,003 |
1,708 |
1,496 |
1,569 |
1,537 |
Total Debt |
|
226 |
288 |
606 |
482 |
402 |
630 |
332 |
92 |
92 |
92 |
Total Long-Term Debt |
|
226 |
288 |
606 |
482 |
402 |
630 |
332 |
92 |
92 |
92 |
Net Debt |
|
-43 |
17 |
-107 |
121 |
128 |
392 |
-22 |
-517 |
-653 |
-416 |
Capital Expenditures (CapEx) |
|
1.25 |
1.40 |
0.33 |
1.48 |
1.33 |
0.31 |
1.63 |
0.08 |
-0.31 |
-0.09 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
226 |
288 |
606 |
482 |
402 |
630 |
332 |
92 |
92 |
92 |
Total Depreciation and Amortization (D&A) |
|
6.58 |
6.20 |
7.04 |
6.65 |
6.54 |
7.09 |
6.95 |
5.95 |
6.42 |
8.78 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.06 |
$1.08 |
$0.37 |
$0.72 |
$0.73 |
$0.72 |
$0.61 |
$0.70 |
$0.45 |
$0.09 |
Adjusted Weighted Average Basic Shares Outstanding |
|
35.47M |
35.49M |
40.58M |
40.72M |
40.74M |
40.75M |
40.84M |
40.88M |
40.97M |
41.02M |
Adjusted Diluted Earnings per Share |
|
$1.06 |
$1.08 |
$0.37 |
$0.71 |
$0.73 |
$0.72 |
$0.61 |
$0.70 |
$0.45 |
$0.08 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
35.70M |
35.67M |
41.11M |
41.13M |
41.20M |
41.16M |
41.25M |
41.26M |
41.37M |
41.33M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
35.71M |
40.88M |
40.99M |
41.08M |
41.09M |
41.13M |
41.17M |
41.28M |
41.34M |
41.36M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
38 |
39 |
25 |
30 |
30 |
30 |
25 |
29 |
19 |
3.55 |
Normalized NOPAT Margin |
|
37.54% |
39.09% |
23.30% |
30.09% |
29.93% |
30.73% |
27.42% |
30.00% |
19.33% |
5.41% |
Pre Tax Income Margin |
|
47.09% |
48.80% |
18.25% |
36.82% |
37.70% |
38.84% |
34.48% |
38.53% |
23.36% |
10.47% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
16.39 |
5.49 |
0.78 |
1.09 |
0.96 |
0.85 |
0.67 |
0.77 |
0.47 |
0.16 |
NOPAT to Interest Expense |
|
12.84 |
4.40 |
0.61 |
0.86 |
0.76 |
0.67 |
0.53 |
0.60 |
0.39 |
0.08 |
EBIT Less CapEx to Interest Expense |
|
15.97 |
5.33 |
0.77 |
1.05 |
0.93 |
0.85 |
0.64 |
0.77 |
0.47 |
0.16 |
NOPAT Less CapEx to Interest Expense |
|
12.42 |
4.24 |
0.60 |
0.82 |
0.73 |
0.67 |
0.50 |
0.60 |
0.39 |
0.08 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
23.95% |
20.87% |
24.50% |
26.93% |
29.90% |
33.55% |
31.63% |
31.85% |
35.37% |
47.56% |
Augmented Payout Ratio |
|
23.95% |
20.87% |
24.50% |
26.93% |
29.90% |
33.55% |
31.63% |
31.85% |
35.37% |
47.56% |
Key Financial Trends
First Bancorp (NASDAQ:FBNC) has shown a generally stable financial performance over the last four years, with some fluctuations and notable trends in recent quarters.
Positive Highlights:
- Net Interest Income remains consistently strong, with $88.9 million reported in Q4 2024, up from $83.0 million in Q3 2024, reflecting stable income from loans and leases.
- The bank maintained positive net income for common shareholders each quarter, with a Q4 2024 net income of $3.55 million.
- Quarterly Earnings Per Share (EPS) have shown resilience, with Q4 2024 basic EPS at $0.09 and diluted EPS at $0.08, although down from Q3 2024's $0.45 diluted EPS.
- The balance sheet reflects growth in total assets, from approximately $10.5 billion in Q3 2022 to $12.15 billion in Q3 2024, indicating steady expansion.
- Deposits have increased over time, with combined interest-bearing and non-interest-bearing deposits growing from about $9.2 billion in Q3 2022 to over $10.5 billion by Q3 2024, suggesting strong customer loyalty and funding stability.
- Provision for Credit Losses has generally remained low or stable recently (e.g., $507,000 in Q4 2024), implying controlled credit risk.
- Amortization expense increased in Q4 2024 to $1.56 million from $1.61 million in Q3 2024, reflecting ongoing asset amortization but within manageable levels.
- The company continues to pay dividends at a steady rate of $0.22 per share each quarter, supporting shareholder returns.
Neutral Observations:
- Cash and Due from Banks fluctuated somewhat, with a Q3 2024 balance of $74 million and minor movements quarter to quarter.
- Amortization and depreciation expenses are consistent but relatively moderate as a portion of total expenses, indicating steady asset management.
Negative Concerns:
- The bank suffered a significant net realized and unrealized capital loss in Q4 2024, a notable ($36.1) million negative impact on non-interest income, heavily reducing total non-interest income and overall revenue for the quarter.
- Total non-interest income was negative $23.3 million in Q4 2024, a sharp decline compared to positive figures in previous quarters (e.g., $13.6 million in Q3 2024), driven by the capital losses.
- Interest Expense increased in recent quarters, with Q4 2024 total interest expense at $43.6 million, up from $48.3 million in Q3 2024 but still elevated compared to earlier periods, which pressures net interest margin.
- Non-Interest Expenses, notably salaries, employee benefits, and operating expenses, have increased steadily, reaching $58.3 million in Q4 2024, up from around $56.8 million a year ago, which weighs on profitability.
- Net income showed a notable decrease in Q4 2024 to $3.55 million compared to $18.7 million in Q3 2024, impacted by large unrealized losses and increased expenses.
- Net cash from operating activities dropped dramatically in Q1 2024 (-$20.1 million) indicating operational struggles early in the year, before recovering in later quarters.
- The company had to manage repayments and issuances of long-term debt at high levels, which may indicate refinancing risk or fluctuating capital structure priorities.
- Accumulated Other Comprehensive Income (loss) remains largely negative, reaching -$254.8 million in Q3 2024 from about -$358 million in Q1 2023, indicating ongoing valuation challenges or unrealized losses affecting equity.
Summary: First Bancorp displays stable core bank operations with well-maintained net interest income and consistent dividends, along with expanding assets and deposits. However, recent quarters highlight a significant challenge from investment portfolio losses that negatively impact non-interest income and overall profitability, alongside rising expenses. Investors should watch the company’s ability to manage capital gains/losses on investments and control operating costs while maintaining credit quality as critical factors for future earnings stability.
10/16/25 05:09 PM ETAI Generated. May Contain Errors.