First Bancorp
Community bank providing loans, deposits, treasury services, and wealth management across the Carolinas.
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Profile
Provides commercial and consumer banking across the Carolinas through First Bank, supported by mortgage and SBA lending, treasury services, wealth management, and receivables finance. Most earnings come from lending funded by customer deposits, with fee income and an acquisition-led expansion history.
Operates First Bank, a state-chartered community bank with 113 branches across North Carolina and South Carolina. Commercial and consumer banking anchor the franchise, alongside mortgage and SBA lending, treasury and card services, wealth management, and accounts receivable financing through Magnolia Financial.
Funds an in-market loan book primarily with customer deposits, earning the spread between asset yields and funding costs plus service, interchange, mortgage, SBA, advisory, and financial-product fees. Its model combines local-market relationships with digital and specialty capabilities.
An agreed acquisition of First Carolina Bancshares would add Carolina Bank to the South Carolina footprint. Closing remains subject to First Carolina shareholder approval, regulatory approvals, and other conditions.
Company facts
Categories
Key statistics
Year to date +25.6% · Average volume (30d) 201.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Piper Sandler | Reiterate | Neutral | $64 | $65 | |
| Jul 16, 2026 | Raymond James | Reiterate | Strong Buy | $62 | $75 | |
| Feb 9, 2026 | Piper Sandler | Downgrade | Overweight | Neutral | ||
| Feb 6, 2026 | Piper Sandler | Target | $58 | $64 | ||
| Jan 7, 2026 | Raymond James | Upgrade | Market Perform | Strong Buy | $43 | $62 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.15 | $1.22 | +6.1% | $126.1M | $127.3M | +1.0% | +1.05% |
| Apr 22, 2026Q1 FY26 | $1.09 | $1.13 | +3.7% | $123.2M | $122.3M | −0.7% | +3.05% |
| Jan 21, 2026Q4 FY25 | $1.03 | $1.19 | +15.5% | $122.4M | $83.9M | −31.5% | +0.74% |
| Oct 22, 2025Q3 FY25 | $0.85 | $1.01 | +19.1% | $113.7M | $127.9M | +12.5% | −1.93% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $144.4M | $149.5M | $127.9M | $121.3M | $157.6M | $21.2M | |
| Gross profit | $103.5M | $107.2M | $86.2M | $83.9M | $119.2M | −$17.1M | |
| Operating income | $46.8M | $49.8M | $26.0M | $21.7M | $59.0M | −$59.0M | |
| Net income | $36.4M | $38.6M | $20.4M | $15.7M | $46.7M | $50.5M | |
| Diluted EPS | $0.88 | $0.93 | $0.49 | $0.38 | $1.13 | $1.22 | |
| Gross margin | 71.7% | 71.7% | 67.4% | 69.1% | 75.7% | -80.8% | |
| Operating margin | 32.4% | 33.3% | 20.3% | 17.9% | 37.4% | -278.1% |
Fiscal years (4-quarter sums)FY21 $329.5M · FY22 $409.0M · FY23 $539.8M · FY24 $532.1M · FY25 $543.1M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.07B · Total debt $74.7M · Total assets $13.04B · Shareholders' equity $1.72B
Dividends
Raised for 16 straight years — most recently to $0.24 from $0.23 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 24 | $0.24 | |
| Mar 31, 2026 | Mar 31 | Apr 27 | $0.24 | raised from $0.23 |
| Dec 31, 2025 | Dec 31 | Jan 25 | $0.23 | |
| Sep 30, 2025 | Sep 30 | Oct 25 | $0.23 | |
| Jun 30, 2025 | Jun 30 | Jul 25 | $0.23 | raised from $0.22 |
| Mar 31, 2025 | Mar 31 | Apr 25 | $0.22 | |
| Dec 31, 2024 | Dec 31 | Jan 25 | $0.22 | |
| Sep 30, 2024 | Sep 30 | Oct 25 | $0.22 |
Ownership
Shares outstanding 41.38M · Float 40.68M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.95M | 14.38% | 13F | Aug 7, 2026 |
| FMR LLC | 3.70M | 8.94% | 13F | Aug 13, 2026 |
| State Street Corp | 2.17M | 5.25% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 1.83M | 4.43% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.71M | 4.13% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 20, 2026 | Michael Goodwin Mayer | director | −44,324 | $58.58 |
| Feb 3, 2026 | Mary Clara Capel | other: Retired Board Member | −5,000 | $59.31 |
| Feb 4, 2026 | James C. Iii Crawford | director | −4,500 | $60.57 |
| Jan 30, 2026 | Mary Clara Capel | other: Retired Board Member | −2,642 | $57.75 |
| Jan 28, 2026 | Mary Clara Capel | other: Retired Board Member | −2,500 | $57.26 |
Peers
- Truist Financial
Super-regional scale in Carolinas banking and wealth
- First Citizens BancShares
Raleigh-based scale bank across NC and SC
- SouthState
Southeastern bank scale across the Carolinas
- Pinnacle Financial Partners
Urban Southeast relationship banking challenger
- United Community Banks
Greenville-based Southeast community bank peer
- Live Oak Bancshares
SBA and small-business lending specialist
- HomeTrust Bancshares
Asheville-rooted community bank in NC and SC
- Southern First Bancshares
Greenville relationship bank in shared metros
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Bancorp | $64.66 | +1.13% | $2.65B | 19.9 | 14.1 | 6.2 | +16.3% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| First Citizens BancShares | $2,194.07 | +0.07% | $24.99B | 11.7 | 11.7 | 1.7 | −5.5% |
| SouthState | $105.98 | +0.00% | $10.28B | 11.1 | 10.8 | 3.2 | +1.2% |
| Pinnacle Financial Partners | $101.09 | +0.02% | $15.26B | 12.4 | 9.4 | 3.1 | +145.2% |
| United Community Banks | $35.18 | −0.01% | $4.21B | 11.5 | 11.6 | 2.7 | +9.8% |
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| HomeTrust Bancshares | $46.91 | +0.02% | $788.3M | 12.3 | 11.8 | 2.7 | +3.1% |
| Southern First Bancshares | $62.26 | +0.04% | $588.7M | 13.3 | 11.3 | 2.8 | +25.3% |
| Median | 12.1 | 11.2 | 2.7 | +8.2% |