STOCK TITAN
  1. Home
  2. News
  3. FBNC

First Bancorp - FBNC STOCK NEWS

Welcome to our dedicated news page for First Bancorp (Ticker: FBNC), a resource for investors and traders seeking the latest updates and insights on First Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Bancorp's position in the market.

News
First Bancorp Reports First Quarter Results
Rhea-AI Summary
First Bancorp reported net income of $25.3 million for Q1 2024, down from $29.7 million in Q4 2023. The company's loans decreased, but deposits and total loan yield increased. Credit quality remained strong, with low nonperforming assets. Net interest income declined, and noninterest income decreased due to bond call losses. Noninterest expenses rose, mainly due to pension plan adjustments. The balance sheet showed a slight decrease in total assets. The company remains well-capitalized and has strong liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
First Bancorp Announces Cash Dividend
Rhea-AI Summary
First Bancorp (FBNC) declares a cash dividend of $0.22 per share for shareholders, highlighting strong capital and liquidity despite industry challenges. The company's total assets amount to approximately $12 billion, with operations in North and South Carolina.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
dividends
-
News
FIRST BANK AWARDED GREENWICH EXCELLENCE AWARDS IN SMALL BUSINESS BANKING
Rhea-AI Summary
First Bank receives multiple 2023 Greenwich Excellence Awards for Small Business Banking, including national and regional recognition for overall satisfaction and likelihood to recommend. President Adam Currie emphasizes the bank's commitment to small businesses in the Carolinas and community impact.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
News
First Bancorp Reports Fourth Quarter and Annual Results
Rhea-AI Summary
First Bancorp (FBNC) reported net income of $29.7 million for Q4 2023, compared to $38.4 million in Q4 2022. The acquisition of GrandSouth impacted financials, contributing $1.02 billion in loans and $1.05 billion in deposits. Net interest income decreased by 2.2% and net interest margin declined to 2.88%. The Company recorded a $3.4 million provision for loan losses in Q4 2023. Total assets increased to $12.1 billion, representing a 14.0% growth from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
earnings
-
News
First Bancorp Announces Cash Dividend
Rhea-AI Summary
First Bancorp (NASDAQ: FBNC) declares a cash dividend of $0.22 per share, payable on January 25, 2024, to shareholders of record as of December 31, 2023. The bank holding company, with total assets of approximately $12 billion, operates 118 branches in North Carolina and South Carolina. First Bancorp's CEO, Richard Moore, emphasized the importance of providing a return to shareholders amidst industry challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
dividends
-
News
First Bank and NCHBA Partner to Bring Copies of The House That She Built Book to Elementary Students Throughout North Carolina
Rhea-AI Summary
First Bank (NYSE: FBNC) donates $15,000 to distribute The House That She Built Book to NC elementary schools
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
partnership
News
FIRST BANK ANNOUNCES STRATEGIC LEADERSHIP CHANGES
Rhea-AI Summary
First Bank (NASDAQ: FBNC) Announces Executive Leadership Changes to Drive Strategic Vision. Adam Currie named President, assuming operational responsibilities for all activities. Elizabeth Bostian to lead financial management and Human Resources. Mike Mayer continues as CEO and President of First Bancorp. The changes aim to maintain nimbleness, innovation, and forward-thinking, aligning with the bank's recent accolades and strategic focus on legacy continuation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
management
-
News
FIRST BANK HOSTING BANK-WIDE FOOD DRIVE IN NOVEMBER 2023
Rhea-AI Summary
First Bank (FBNK) to Host Largest Food Drive in Company History, Involving 1400 Employees and 120 Locations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
none
-
News
First Bancorp Reports Third Quarter Results
Rhea-AI Summary
First Bancorp announces net income of $29.9 million for Q3 2023, compared to $29.4 million in Q2 2023 and $37.9 million in Q3 2022. Net income for the nine months ended September 30, 2023, was $74.5 million, compared to $108.5 million in the same period of 2022. Loans grew by $129.4 million in Q3 2023, with an annualized growth rate of 6.5%. Noninterest-bearing demand accounts remained strong at 34% of total deposits. Credit quality remained strong with a nonperforming assets ratio of 0.32%. Net interest income decreased by 0.7% compared to Q3 2022, and net interest margin declined to 2.97% from 3.40% in Q3 2022 due to rising market interest rates. The Company recorded $1.2 million in provision for loan losses in Q3 2023. Total noninterest income decreased by 10.3% in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.7%
Tags
earnings
News
First Bancorp Announces Cash Dividend
Rhea-AI Summary
First Bancorp declares cash dividend of $0.22 per share, maintaining strong capital and liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
dividends
Stock FBNC logo
First Bancorp

Nasdaq:FBNC

FBNC Rankings

#2156 Ranked by Market Cap
#4208 Ranked by Stock Gains
#1238 Ranked by Dividends

FBNC Stock Data

1.32B
39.61M
3.64%
69.55%
2.62%
Commercial Banking
Finance and Insurance
Link
US
San Francisco

About FBNC

named one of the best small business lending banks in the nation by entrepreneur, and recognized for our small business checking account by wallethub, it’s clear that first bank is maintaining its legacy of customer- and community-centric financial service dating back to 1935. with branches across north carolina, south carolina, and virginia, our focus as a progressive community bank allows us to provide the same business products as the big banks, but with better, more personal advice and the attention that your growing company needs. member fdic | equal housing lender