First Bancorp N C Financials
First Bancorp N C (FBNC) reported $67.6M in revenue for fiscal year 2025, down 3.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
First Bancorp's engine is balance-sheet-based earning power, with cash generation repeatedly outrunning accounting profit while explicit borrowing stays modest.
FY2024's weaker returns did not reflect a cash squeeze: operating cash flow still reached$174.8M against net income of$76.2M , and FY2025 then showed a return recovery as ROA improved from0.6% to0.9% and ROE from5.3% to6.7% . That pattern points to a temporary dip in earnings efficiency on a large asset base, not a business struggling to turn profit into cash.
Assets expanded from
Capital intensity is very low: FY2025 capital spending was only
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of First Bancorp N C's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
First Bancorp N C passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, First Bancorp N C generates $1.83 in operating cash flow ($203.1M OCF vs $111.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
First Bancorp N C generated $67.6M in revenue in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
First Bancorp N C reported $111.0M in net income in fiscal year 2025. This represents an increase of 45.7% from the prior year.
First Bancorp N C earned $2.68 per diluted share (EPS) in fiscal year 2025. This represents an increase of 45.7% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
First Bancorp N C generated $198.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 15.5% from the prior year.
First Bancorp N C held $309.6M in cash against $74.6M in long-term debt as of fiscal year 2025.
First Bancorp N C paid $0.91 per share in dividends in fiscal year 2025. This represents an increase of 3.4% from the prior year.
Margins & Returns
First Bancorp N C's ROE was 6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
First Bancorp N C spent $991K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
First Bancorp N C invested $4.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 59.8% from the prior year.
Not reported for fiscal year 2025.
FBNC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $67.6M-3.6% | $70.1M+113.7% | $32.8M+88.1% | $17.4M-31.1% | $25.3M-89.3% | $237.7M-5.0% | $250.1M+8.2% | $231.2M+30.3% | $177.4M+35.4% | $131.0M+3.4% | $126.7M-9.4% | $139.8M-5.2% | $147.5M-3.3% | $152.5M-2.1% | $155.8M |
| SG&A Expenses | N/A | $144.2M+3.0% | $140.0M+0.1% | $139.9M+18.8% | $117.7M+14.0% | $103.2M+2.3% | $101.0M+5.2% | $96.0M+4.4% | $92.0M+12.0% | $82.1M+30.7% | $62.8M+10.6% | $56.8M+3.0% | $55.2M+0.7% | $54.8M+2.7% | $53.3M+3.7% | $51.4M |
| Interest Expense | N/A | $159.0M-15.0% | $187.0M+31.6% | $142.1M+782.5% | $16.1M+69.1% | $9.5M-51.3% | $19.6M-42.3% | $33.9M+42.6% | $23.8M+87.6% | $12.7M+66.6% | $7.6M+10.1% | $6.9M-16.0% | $8.2M-25.1% | $11.0M-36.6% | $17.3M-26.5% | $23.6M |
| Income Tax | N/A | $28.5M+29.9% | $21.9M-21.3% | $27.8M-27.3% | $38.3M+55.1% | $24.7M+14.0% | $21.7M-10.6% | $24.2M+0.2% | $24.2M+11.1% | $21.8M+48.8% | $14.6M+3.5% | $14.1M+4.4% | $13.5M+12.0% | $12.1M+171.3% | -$17.0M-330.0% | $7.4M |
| Net Income | N/A | $111.0M+45.7% | $76.2M-26.8% | $104.1M-29.1% | $146.9M+53.6% | $95.6M+17.4% | $81.5M-11.5% | $92.0M+3.1% | $89.3M+94.2% | $46.0M+67.1% | $27.5M+1.8% | $27.0M+8.2% | $25.0M+20.8% | $20.7M+188.4% | -$23.4M-271.6% | $13.6M |
| EPS (Diluted) | — | $2.68+45.7% | $1.84-27.3% | $2.53-38.6% | $4.12+29.2% | $3.19+13.5% | $2.81-9.4% | $3.10+3.0% | $3.01+65.4% | $1.82+36.8% | $1.33+2.3% | $1.30+9.2% | $1.19+21.4% | $0.98+163.6% | -$1.54 | $0.44 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FBNC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.7B+4.3% | $12.1B+0.3% | $12.1B+14.0% | $10.6B+1.1% | $10.5B+44.2% | $7.3B+18.7% | $6.1B+4.8% | $5.9B+5.7% | $5.5B+53.5% | $3.6B+7.5% | $3.4B+4.5% | $3.2B+1.0% | $3.2B-1.8% | $3.2B-1.4% | $3.3B |
| Cash & Equivalents | $309.6M-39.0% | $507.5M+113.4% | $237.9M-12.0% | $270.3M-41.4% | $461.2M+25.6% | $367.3M+58.8% | $231.3M-50.0% | $462.9M-5.4% | $489.5M+60.0% | $306.0M+14.5% | $267.3M+5.6% | $253.1M+13.4% | $223.3M-7.5% | $241.5M+11.7% | $216.2M |
| Goodwill | $478.8M0.0% | $478.8M0.0% | $478.8M+31.4% | $364.3M0.0% | $364.3M+52.2% | $239.3M+2.1% | $234.4M0.0% | $234.4M+0.6% | $233.1M+210.6% | $75.0M+14.0% | $65.8M0.0% | $65.8M0.0% | $65.8M0.0% | $65.8M0.0% | $65.8M |
| Total Liabilities | $11.0B+2.9% | $10.7B-0.4% | $10.7B+12.0% | $9.6B+3.4% | $9.3B+45.1% | $6.4B+20.9% | $5.3B+3.8% | $5.1B+5.1% | $4.9B+49.5% | $3.2B+7.5% | $3.0B+6.7% | $2.8B+0.6% | $2.8B-2.6% | $2.9B-1.9% | $2.9B |
| Long-Term Debt | $74.6M-18.8% | $91.9M-85.4% | $630.2M+119.2% | $287.5M+326.7% | $67.4M+9.0% | $61.8M-79.4% | $300.7M-26.1% | $406.6M-1.0% | $410.7M | N/A | N/A | N/A | N/A | $46.4M-65.4% | $133.9M |
| Total Equity | $1.7B+14.4% | $1.4B+5.3% | $1.4B+33.0% | $1.0B-16.2% | $1.2B+37.7% | $893.4M+4.8% | $852.4M+11.5% | $764.2M+10.3% | $693.0M+88.3% | $368.1M+7.6% | $342.2M-11.7% | $387.7M+4.2% | $371.9M+4.4% | $356.1M+3.2% | $345.1M |
| Retained Earnings | $829.7M+9.7% | $756.3M+5.6% | $716.4M+10.5% | $648.4M+21.7% | $532.9M+11.4% | $478.5M+14.5% | $417.8M+22.2% | $341.7M+29.3% | $264.3M+17.0% | $225.9M+10.2% | $205.1M+10.9% | $185.0M+10.7% | $167.1M+8.8% | $153.6M-17.2% | $185.5M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
FBNC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $232.5M | $203.1M+16.2% | $174.8M+33.0% | $131.4M-43.0% | $230.7M+62.1% | $142.3M+144.0% | $58.3M+13.8% | $51.2M+10.4% | $46.4M+72.9% | $26.8M-35.0% | $41.3M+10.5% | $37.4M-21.9% | $47.8M-33.5% | $71.9M+72.5% | $41.7M+12.5% | $37.0M |
| Capital Expenditures | $5.5M | $4.2M+59.8% | $2.7M-39.9% | $4.4M-16.4% | $5.3M-43.8% | $9.4M-24.0% | $12.4M+249.8% | $3.5M-67.0% | $10.7M+130.2% | $4.7M-46.4% | $8.7M+58.5% | $5.5M+15.4% | $4.8M-24.5% | $6.3M-29.7% | $9.0M+35.5% | $6.6M |
| Free Cash Flow | $227.0M | $198.9M+15.5% | $172.1M+35.6% | $127.0M-43.7% | $225.4M+69.5% | $132.9M+189.2% | $46.0M-3.6% | $47.7M+33.7% | $35.7M+60.9% | $22.2M-31.9% | $32.6M+2.2% | $31.9M-26.0% | $43.1M-34.3% | $65.6M+100.4% | $32.7M+7.5% | $30.4M |
| Investing Cash Flow | -$581.4M | -$562.1M-431.3% | $169.7M+188.7% | -$191.4M+73.2% | -$713.4M+44.0% | -$1.3B-32.5% | -$961.5M-126.4% | -$424.7M-35.6% | -$313.3M-143.7% | -$128.5M+46.5% | -$240.1M-74.0% | -$138.0M-434.8% | -$25.8M-157.3% | $45.0M+687.1% | $5.7M-96.7% | $171.3M |
| Financing Cash Flow | $187.9M | $161.0M+315.3% | -$74.8M-371.9% | $27.5M-90.6% | $291.9M-76.2% | $1.2B+17.9% | $1.0B+632.6% | $141.9M-41.0% | $240.3M-15.7% | $285.2M+20.0% | $237.6M+106.9% | $114.8M+1373.5% | $7.8M+105.8% | -$135.2M-512.6% | -$22.1M+89.2% | -$204.1M |
| Dividends Paid | $38.5M | $37.3M+2.9% | $36.2M+3.7% | $34.9M+14.0% | $30.7M+37.9% | $22.2M+6.2% | $20.9M+53.2% | $13.7M+21.1% | $11.3M+48.5% | $7.6M+18.7% | $6.4M+1.4% | $6.3M+0.1% | $6.3M+0.1% | $6.3M+16.1% | $5.4M+0.7% | $5.4M |
| Share Buybacks | $7.3M | $991K | $0 | $0 | $0-100.0% | $4.0M-87.3% | $31.9M+218.7% | $10.0M | $0 | $0 | N/A | N/A | N/A | N/A | $2K-99.1% | $228K |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FBNC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 164.2% | 108.7% | 317.3% | 842.1% | 377.7% | 34.3%-2.5pp | 36.8%-1.8pp | 38.6%+12.7pp | 25.9%+4.9pp | 21.0%-0.3pp | 21.3%+3.5pp | 17.9%+3.8pp | 14.0%+29.4pp | -15.3%-24.1pp | 8.8% |
| Return on Equity | 6.7%+1.4pp | 5.3%-2.3pp | 7.6%-6.7pp | 14.2%+6.5pp | 7.8%-1.3pp | 9.1%-1.7pp | 10.8%-0.9pp | 11.7%+5.1pp | 6.6%-0.8pp | 7.5%-0.4pp | 7.9%+1.4pp | 6.5%+0.9pp | 5.6%+12.1pp | -6.6%-10.5pp | 4.0% |
| Return on Assets | 0.9%+0.3pp | 0.6%-0.2pp | 0.9%-0.5pp | 1.4%+0.5pp | 0.9%-0.2pp | 1.1%-0.4pp | 1.5%0.0pp | 1.5%+0.7pp | 0.8%+0.1pp | 0.8%0.0pp | 0.8%0.0pp | 0.8%+0.1pp | 0.7%+1.4pp | -0.7%-1.1pp | 0.4% |
| Debt-to-Equity | 0.050.0x | 0.06-0.4x | 0.46+0.2x | 0.28+0.2x | 0.050.0x | 0.07-0.3x | 0.35-0.2x | 0.53-0.1x | 0.59-8.2x | 8.820.0x | 8.83+1.5x | 7.30-0.3x | 7.56+7.4x | 0.13-0.3x | 0.39 |
| FCF Margin | 294.1% | 245.5% | 386.9% | 1291.6% | 524.9% | 19.3%+0.3pp | 19.1%+3.6pp | 15.4%+2.9pp | 12.5%-12.4pp | 24.9%-0.3pp | 25.2%-5.6pp | 30.8%-13.7pp | 44.5%+23.0pp | 21.5%+1.9pp | 19.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
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Where First Bancorp N C Ranks
Frequently Asked Questions
What is First Bancorp N C's annual revenue?
First Bancorp N C (FBNC) reported $67.6M in total revenue for fiscal year 2025. This represents a -3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is First Bancorp N C's revenue growing?
First Bancorp N C (FBNC) revenue declined by 3.6% year-over-year, from $70.1M to $67.6M in fiscal year 2025.
Is First Bancorp N C profitable?
Yes, First Bancorp N C (FBNC) reported a net income of $111.0M in fiscal year 2025.
How much debt does First Bancorp N C have?
As of fiscal year 2025, First Bancorp N C (FBNC) had $309.6M in cash and equivalents against $74.6M in long-term debt.
Does First Bancorp N C pay dividends?
Yes, First Bancorp N C (FBNC) paid $0.91 per share in dividends during fiscal year 2025.
What is First Bancorp N C's return on equity (ROE)?
First Bancorp N C (FBNC) has a return on equity of 6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is First Bancorp N C's free cash flow?
First Bancorp N C (FBNC) generated $198.9M in free cash flow during fiscal year 2025. This represents a 15.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is First Bancorp N C's operating cash flow?
First Bancorp N C (FBNC) generated $203.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are First Bancorp N C's total assets?
First Bancorp N C (FBNC) had $12.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are First Bancorp N C's capital expenditures?
First Bancorp N C (FBNC) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is First Bancorp N C's debt-to-equity ratio?
First Bancorp N C (FBNC) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is First Bancorp N C's return on assets (ROA)?
First Bancorp N C (FBNC) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is First Bancorp N C's Piotroski F-Score?
First Bancorp N C (FBNC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are First Bancorp N C's earnings high quality?
First Bancorp N C (FBNC) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is First Bancorp N C?
First Bancorp N C (FBNC) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.