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First Bancorp (FBNC) Financials

First Bancorp logo
$42.36 +1.09 (+2.64%)
Closing price 05/2/2025 04:00 PM Eastern
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$42.38 +0.02 (+0.06%)
As of 05/2/2025 04:05 PM Eastern
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Annual Income Statements for First Bancorp

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.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 24 26 27 46 89 92 81 96 147 104 76
Consolidated Net Income / (Loss)		 25 27 28 46 89 92 81 96 147 104 76
Net Income / (Loss) Continuing Operations		 25 27 28 46 89 92 81 96 147 104 76
Total Pre-Tax Income 		39 41 42 68 113 116 103 120 185 132 98
Total Revenue		 146 139 149 214 266 276 299 320 393 404 350
Net Interest Income / (Expense)		 132 120 123 165 207 216 218 246 325 347 332
Total Interest Income		 140 127 131 177 231 250 238 256 341 489 519
Loans and Leases Interest Income		 134 118 121 164 209 221 213 219 278 419 441
Investment Securities Interest Income		 5.34 8.13 7.91 8.68 12 21 21 34 58 57 52
Federal Funds Sold and Securities Borrowed Interest Income		 0.85 0.66 1.76 4.96 10 8.44 3.43 2.43 5.01 13 26
Total Interest Expense		 8.22 6.91 7.61 13 24 34 20 9.52 16 142 187
Deposits Interest Expense		 7.07 5.32 5.17 7.54 14 25 16 7.88 11 115 172
Long-Term Debt Interest Expense		 1.15 1.59 2.44 5.13 9.29 8.85 3.26 1.64 4.75 27 15
Total Non-Interest Income		 14 19 26 49 59 60 81 74 68 57 18
Service Charges on Deposit Accounts		 - - - 12 13 13 11 12 15 17 17
Other Service Charges		 29 28 32 25 28 36 43 40 34 29 30
Net Realized & Unrealized Capital Gains on Investments		 -3.29 -1.95 2.25 5.63 11 8.20 16 19 15 6.95 -33
Other Non-Interest Income		 -12 -6.95 -8.20 6.35 7.21 2.56 11 2.89 3.85 4.35 4.77
Provision for Credit Losses		 10 -0.78 -0.02 0.72 -3.59 2.26 35 15 12 18 16
Total Non-Interest Expense		 97 98 107 145 156 157 161 185 195 254 236
Salaries and Employee Benefits		 46 48 51 67 92 96 101 103 118 140 140
Net Occupancy & Equipment Expense		 11 11 11 14 16 16 16 16 19 21 20
Other Operating Expenses		 39 39 41 52 39 39 40 45 50 72 69
Amortization Expense		 0.78 0.72 1.21 4.03 5.92 4.86 3.96 3.53 3.68 8.00 6.60
Restructuring Charge		 0.00 0.00 1.43 8.07 2.36 0.19 0.00 17 5.07 14 0.00
Income Tax Expense		 14 14 15 22 24 24 22 25 38 28 22
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
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
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
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
Weighted Average Basic & Diluted Shares Outstanding		 19.80M 19.70M 20M 25.30M 29.60M 29.21M 28.49M 35.65M 40.88M 41.13M 41.36M
Cash Dividends to Common per Share		 $0.32 $0.32 $0.32 $0.32 $0.40 $0.54 $0.72 $0.80 $0.88 $0.88 $0.88

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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%

Frequently Asked Questions About First Bancorp's Financials

When does First Bancorp's fiscal year end?

According to the most recent income statement we have on file, First Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has First Bancorp's net income changed over the last 10 years?

First Bancorp's net income appears to be on an upward trend, with a most recent value of $76.22 million in 2024, rising from $25.00 million in 2014. The previous period was $104.13 million in 2023. View First Bancorp's forecast to see where analysts expect First Bancorp to go next.

How has First Bancorp revenue changed over the last 10 years?

Over the last 10 years, First Bancorp's total revenue changed from $145.98 million in 2014 to $350.17 million in 2024, a change of 139.9%.

How much debt does First Bancorp have?

First Bancorp's total liabilities were at $10.70 billion at the end of 2024, a 0.4% decrease from 2023, and a 278.1% increase since 2014.

How much cash does First Bancorp have?

In the past 10 years, First Bancorp's cash and equivalents has ranged from $53.29 million in 2015 to $128.23 million in 2021, and is currently $78.60 million as of their latest financial filing in 2024.

How has First Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, First Bancorp's book value per share changed from 16.08 in 2014 to 34.97 in 2024, a change of 117.4%.


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This page (NASDAQ:FBNC) was last updated on 5/4/2025 by MarketBeat.com Staff
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