First Bancorp (FBNC)

In the past six months, First Bancorp reported third quarter 2025 earnings of $1.01 EPS, surpassing estimates, but revenue missed expectations. The company declared cash dividends of $0.23 per share on its common stock in September and December 2025. Adam Currie was appointed to the Board of Directors, and Bridget Welborn was appointed as the new Chief Risk Officer. Analyst ratings varied, with Raymond James Financial upgrading First Bancorp to a "strong-buy" rating and Wall Street Zen cutting it to a "sell" rating.

Information directly detailing demand seasonality for First Bancorp’s products and services is not explicitly provided. Demand for certain services might exhibit some seasonality, such as mortgage applications fluctuating with housing market trends and business lending aligning with seasonal business cycles. The company's financial reports indicate that noninterest income can experience seasonal decreases in service charges and gains on mortgages.

First Bancorp (North Carolina) is an American bank holding company based in Southern Pines, North Carolina, operating through its subsidiary, First Bank. It provides a range of banking products and services to individuals and businesses, including deposit accounts, loans, and investment and insurance products.

First Bancorp's geographic footprint is concentrated in the southeastern United States, with First Bank operating 113 to 118 branches across North Carolina and South Carolina. The company's presence extends to communities in North Carolina including Asheville, Charlotte, Winston-Salem, and Wilmington, and in South Carolina, such as Greenville, Greer, Anderson, Fountain Inn, Columbia, Orangeburg, Charleston, Cheraw, Dillon, Florence, Blacksburg, and Rock Hill. Through past acquisitions, First Bancorp has also expanded its reach into Virginia.

First Bancorp generally maintains a reputation as a reputable financial institution deeply rooted in community banking. First Bank has been recognized in the past by Forbes as one of America's best banks, specifically ranking as the number one bank in North Carolina in 2020, based on customer satisfaction. The company also focuses on relationship-based community banking and has received recognition for its business banking services.

As of September 30, 2025, institutional ownership of First Bancorp was approximately 79.01%. Major institutional owners include Blackrock, Inc., Vanguard Group Inc., Fmr Llc, Franklin Resources Inc., Dimensional Fund Advisors Lp, State Street Corp., Westwood Holdings Group Inc., Ameriprise Financial Inc., Macquarie Group Ltd., and Geode Capital Management, Llc.