First Bancorp
Research First Bancorp (FBNC) on Bullrun: valuation model: 10.3% overvalued, market cap USD 2.65B, P/E 19.9, dividend yield 1.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerFBNC
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal10.3% overvalued
- Market capUSD 2.65B
- P/E19.9
- Dividend yield1.5%
- Financial periodQ2 2026
- RevenueUSD 125.73M
- Net incomeUSD 50.52M
- Free cash flowUSD 65.47M
Valuation Snapshot
Bullrun's latest valuation model marks First Bancorp as 10.3% overvalued; latest market cap is USD 2.65B; P/E is 19.9; dividend yield is 1.5%.
Peer valuation comparison
Latest P/E is 19.89x versus a Financial Services sector median of 13.84x (43.7% above).
Latest dividend yield is 1.48% versus a Financial Services sector median of 3.86% (61.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 67.62M | USD 111.05M | USD 198.89M | n/a | 2.68 | USD 309.60M | USD 74.57M | USD 1.65B |
| FY2024 | USD 70.12M | USD 76.22M | USD 172.12M | n/a | 1.84 | USD 507.51M | USD 91.88M | USD 1.45B |
| FY2023 | USD 32.82M | USD 104.13M | USD 126.98M | n/a | 2.53 | USD 237.86M | USD 1.16B | USD 1.37B |
| FY2022 | USD 17.45M | USD 146.94M | USD 225.37M | n/a | 4.12 | USD 270.32M | USD 508.41M | USD 1.03B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 2.65B | 19.9 | 1.5% | 0.94 |
| 2025 | 2025-12-31 | USD 2.11B | 19.0 | 1.8% | 0.91 |
| 2024 | 2024-12-31 | USD 1.82B | 23.8 | 2.0% | 0.88 |
| 2023 | 2023-12-29 | USD 1.52B | 12.9 | 2.4% | 0.88 |
| 2022 | 2022-12-30 | USD 1.53B | 12.8 | 2.1% | 0.88 |
| 2021 | 2021-12-31 | USD 1.63B | 13.9 | 1.7% | 0.8 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.94 USD, yield 1.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.91 USD |
| FY2024 | 0.88 USD |
| FY2023 | 0.88 USD |
| FY2022 | 0.88 USD |
About First Bancorp
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts.
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Frequently asked questions
Is First Bancorp overvalued or undervalued?
Bullrun's valuation model currently marks First Bancorp as 10.3% overvalued.
What is First Bancorp's market cap?
First Bancorp's market capitalization is USD 2.65B.
What is First Bancorp's P/E ratio?
First Bancorp's price-to-earnings (P/E) ratio is 19.9.
Does First Bancorp pay a dividend?
First Bancorp has a dividend yield of 1.5%.
What does First Bancorp do?
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts.