Stocktoria

FIRST BANCORP /NC/ FBNC

Nasdaq · stock · State Commercial Banks · website · IPO 1987-04-30

FIRST BANCORP /NC/ statistics & valuation

Market cap$2.6B
P / E23.7×
P / S38.9×
P / B1.6×
P / FCF13.2×
Dividend yield1.42%
Net margin164.2%
Return on equity6.7%
FCF margin294.1%
Net debt$74.6M
Enterprise value USD$2.7B
Graham number -25.4%$49.05

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($49.05); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
377.70% 842.10% 317.30% 108.70% 164.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.50% 6.60% 11.70% 10.80% 9.10% 7.80% 14.20% 7.60% 5.30% 6.70% 2016201720182019202020212022202320242025
Shares outstanding
20.8M 29.6M 29.7M 29.7M 29.0M 35.6M 35.7M 41.2M 41.3M 41.5M 2016201720182019202020212022202320242025
Net debt ($)
-$78.8M -$56.3M $300.7M $61.8M $67.4M $287.5M $630.2M $91.9M $74.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.80% 1.50% 1.50% 1.10% 0.90% 1.40% 0.90% 0.60% 0.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
524.90% 1291.60% 386.90% 245.50% 294.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.59× 0.53× 0.35× 0.07× 0.05× 0.28× 0.46× 0.06× 0.05× 2016201720182019202020212022202320242025
EPS ($)
$1.33 $1.82 $3.01 $3.10 $2.81 $3.19 $4.12 $2.53 $1.84 $2.68 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST BANCORP /NC/ trades at about 24.5× earnings — above its 10-year norm (10-year range 9.7×–24×, median 13.8×).

9.7× 24.5×

Shaded band = 10-year range (9.7×–24×); dot = today's 24.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin164.2%108.7%317.3%842.1%377.7%—————
FCF margin294.1%245.5%386.9%1291.6%524.9%—————
Return on assets0.9%0.6%0.9%1.4%0.9%1.1%1.5%1.5%0.8%0.8%
Return on equity6.7%5.3%7.6%14.2%7.8%9.1%10.8%11.7%6.6%7.5%
Debt / equity0.05×0.06×0.46×0.28×0.05×0.07×0.35×0.53×0.59×—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.