Company Quick10K Filing
First Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 30 $1,076
10-K 2020-02-28 Annual: 2019-12-31
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-15 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-14 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-17 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-16 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-16 Annual: 2009-12-31
8-K 2020-03-13 Other Events, Exhibits
8-K 2020-02-03 Other Events
8-K 2020-01-22 Earnings, Other Events, Exhibits
8-K 2019-11-19 Other Events, Exhibits
8-K 2019-10-23 Earnings, Other Events, Exhibits
8-K 2019-09-13 Other Events, Exhibits
8-K 2019-07-24 Earnings, Other Events, Exhibits
8-K 2019-06-14 Other Events, Exhibits
8-K 2019-05-09 Shareholder Vote
8-K 2019-04-23 Earnings, Other Events, Exhibits
8-K 2019-03-20 Accountant, Exhibits
8-K 2019-02-05 Other Events, Exhibits
8-K 2019-01-23 Earnings, Other Events, Exhibits
8-K 2018-12-14 Other Events, Exhibits
8-K 2018-10-23 Earnings, Other Events, Exhibits
8-K 2018-09-14 Other Events, Exhibits
8-K 2018-08-17 Suspend Trading
8-K 2018-07-24 Earnings, Other Events, Exhibits
8-K 2018-06-15 Other Events, Exhibits
8-K 2018-05-02 Shareholder Vote
8-K 2018-04-24 Earnings, Other Events, Exhibits
8-K 2018-03-15 Other Events, Exhibits
8-K 2018-02-06 Officers, Amend Bylaw, Exhibits
8-K 2018-01-29 Earnings, Other Events, Exhibits

First Bancorp Financials

FBNC Metrics, Comps, Filings

Annual | Quarterly

Business

First Bancorp (the “Company”) is the fourth largest bank holding company headquartered in North Carolina. At December 31, 2018, the Company had total consolidated assets of $5.9 billion, total loans of $4.2 billion, total deposits of $4.7 billion, and shareholders' equity of $0.8 billion. Our principal activity is the ownership and operation of First Bank (the “Bank”), a state-chartered bank with its main office in Southern Pines, North Carolina.

The Company was incorporated in North Carolina on December 8, 1983, as Montgomery Bancorp, for the purpose of acquiring 100% of the outstanding common stock of the Bank through a stock-for-stock exchange. On December 31, 1986, the Company changed its name to First Bancorp to conform its name to the name of the Bank, which had changed its name from Bank of Montgomery to First Bank in 1985.

The Bank was organized in 1934 and began banking operations in 1935 as the Bank of Montgomery, named for the county in which it operated. Until September 2013, the Bank's main office was in Troy, North Carolina, located in the center of Montgomery County. In September 2013, the Company and the Bank moved their main offices approximately 45 miles to Southern Pines, North Carolina, in Moore County. As of December 31, 2018, we conducted business from 101 branches covering a geographical area from Florence, South Carolina to the south, to Wilmington, North Carolina to the east, to Kill Devil Hills, North Carolina to the northeast, to Mayodan, North Carolina to the north, and to Asheville, North Carolina to the west. Of the Bank's 101 branches, 95 branches are in North Carolina and six branches are in South Carolina. Ranked by assets, the Bank was the fourth largest bank headquartered in North Carolina as of December 31, 2018 and the only one with total assets between $4 billion and $35 billion.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Commonwealth Financial (FCF) 1,323 10.2 1% 8,152 7,113 0 0 79 141 1,429
Sandy Spring Bancorp (SASR) 1,295 4.3 1% 8,438 7,297 0 0 114 252 1,085
Seacoast Banking of Florida (SBCF) 1,337 8.7 1% 6,891 5,928 0 0 72 138 1,205
Tompkins Financial (TMP) 1,226,469 0% 8,261.8 1% 6,628 5,968 52 0 80 148 1,226,341
S&T Bancorp (STBA) 1,264 7.2 1% 7,572 6,590 0 0 76 167 1,205
1st Source (SRCE) 1,200 7.9 1% 6,691 5,858 0 0 70 136 1,073
OFG Bancorp (OFG) 1,142 1.5 1% 6,334 5,284 0 0 55 117 179
FB Financial (FBK) 1,178 6.9 1% 6,089 5,344 0 0 62 136 935
City Holding (CHCO) 1,258 0% 8.6 2% 4,958 4,308 47 0 77 133 1,142
Lakeland Financial (LKFN) 1,146 6.0 2% 4,948 4,364 0 0 86 167 1,009
Trico Bancshares (TCBK) 1,139 0% 6.2 1% 6,385 5,488 30 0 92 141 880
Enterprise Financial Services (EFSC) 1,101 4.9 1% 7,347 6,501 0 0 87 172 844
National Bank Holdings (NBHC) 1,089 7.5 1% 5,990 5,237 0 0 78 128 962
First Bancorp (FBNC) 1,069 6.1 1% 6,069 5,234 0 0 71 124 752
Southside Bancshares (SBSI) 1,177 7.4 1% 6,542 5,732 0 0 75 166 1,221
Meridian Bancorp (EBSB) 982 6.9 1% 6,363 5,651 0 0 62 173 1,190
Boston Private Financial Holdings (BPFH) 1,006 0% 4.9 1% 8,691 7,881 353 0 92 188 928
Washington Trust Bancorp (WASH) 852 0% 4.4 1% 5,199 4,701 152 0 71 160 706
Great Southern Bancorp (GSBC) 814 17.1 1% 4,972 4,375 0 0 56 37 623
Central Pacific Financial (CPF) 822 0% 7.7 1% 5,977 5,451 19 0 60 107 829

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash21634445489463
Accounts Receivable
Inventory
PP&E700126000116119
Assets3,2904054204363904165,5475,864
Accounts Payable
Long-Term Debt46411410
Liabilities2,94549484948484,8545,100
Stockholders' Equity345356372388342368693764
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A233
Tax7-1712514122224
Net Income-23212527284689
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating378877072746
Cash Investing171-3400-138-246-129-313
Cash Financing-20426-8-7-71-6285240