FBNC
First BancorpFinancial Services·Banks - Regional
$58.83
$2.4B market cap
Revenue
$278.9M
Free Cash Flow
$113.3M
Rev Growth
+0.0%
FCF Margin
40.6%
P/FCF
21.5x
EV/FCF
3.5x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans fo
2-Year Price History
$58.65+96.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 157.6 | 59.0 | 59.0 | 46.7 | 61.2 | 59.3 | -1.9 | 2,115 | 74.6 | 41.4 | 29.5% | 1.7x | -- |
| Act | 2025-Q4 | 121.3 | 23.0 | 21.7 | 15.7 | 55.2 | 54.0 | -1.2 | 2,195 | 74.6 | 41.4 | 13.4% | 0.6x | -- |
Valuation & Metrics
Market Stats
Price$58.83
Market Cap$2.4B
Enterprise Value$394M
P/S Ratio8.7x
P/FCF21.5x
EV/FCF3.5x
FCF Margin (TTM)40.6%
FCF Yield4.7%
Dividend Yield (TTM)1.6%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$278.9M
Net Income$62.4M
Free Cash Flow$113.3M
Revenue Growth (YoY)+0.0%
EBITDA Margin29.4%
Net Margin22.4%
FCF Margin40.6%
CapEx % of Revenue1.1%
SBC % of Revenue0.7%
ROIC21.4%
WC Change % Rev0.7%
Interest Coverage1.1x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares2.0M
Days to Cover9.2
Change (vs Prior)+6.9%
Need at least 2 settlement dates for chart
Employees
Headcount1,345
Revenue / Employee$207,363
Gross Profit / Employee$151,012
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
44.9%(+21.7% YoY)
218 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
32.4%(+8.9% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.1% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $328M | $40.57 | −$51K | −$9.7M | -0.2% | $5.69T |
| FMR LLC | $205M | $51.82 | +$25.2M | +$205M | -0.0% | $1.89T |
| STATE STREET CORPPassive | $117M | $40.70 | +$3.5M | +$18.0M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $99.9M | $56.35 | +$99.9M | +$99.9M | — | $4.04T |
| FRANKLIN RESOURCES INC | $99.8M | $36.88 | +$1.9M | −$32.0M | -0.2% | $403.03B |
| DIMENSIONAL FUND ADVISORS LPPassive | $96.1M | $34.39 | −$8.7M | −$32.7M | -0.4% | $480.92B |
| AMERIPRISE FINANCIAL INC | $73.2M | $47.03 | +$4.9M | +$29.1M | -0.1% | $430.96B |
| WESTWOOD HOLDINGS GROUP INC | $72.4M | $38.54 | −$5.8M | +$71.6M | -0.3% | $13.73B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $59.0M | $35.91 | +$2.1M | +$2.7M | +2.3% | $1.61T |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $55.6M | $50.57 | −$4.8M | +$55.6M | +1.4% | $58.02B |
| JENNISON ASSOCIATES LLC | $54.9M | $40.99 | +$14.0M | +$29.9M | +2.7% | $145.31B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $45.5M | $56.35 | +$45.5M | +$45.5M | — | $1.91T |
| Boston Partners | $33.4M | $56.35 | +$33.4M | +$33.4M | +0.5% | $95.40B |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $27.8M | $46.04 | −$3.7M | +$27.8M | -0.2% | $121.82B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $27.2M | $34.47 | +$82K | −$1.4M | +0.7% | $645.81B |
| ALLIANCEBERNSTEIN L.P. | $26.8M | $40.25 | −$6.8M | −$15.7M | -0.3% | $307.70B |
| NORTHERN TRUST CORPPassive | $24.7M | $41.68 | +$831K | +$240K | -0.2% | $755.34B |
| SEGALL BRYANT & HAMILL, LLC | $24.2M | $54.55 | +$15.5M | +$24.2M | -0.1% | $8.06B |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $22.1M | $34.20 | +$748K | −$20.8M | -0.4% | $30.11B |
| Invesco Ltd. | $20.1M | $44.72 | +$3.8M | +$13.8M | -0.2% | $652.04B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+0.13%
avg per quarter
Holders (ex-self)
+0.13%
excl. this stock
Buyers (this Q)
+0.30%
104 buyers · $0.37B in
Sellers (this Q)
-0.62%
77 sellers · $-0.02B out
alpha coverage: 91% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+9.8%
how holders react when this stock falls
On quiet Qs
-17.3%
−10% to +10% baseline
On rallies (+10%+)
-13.3%
how they react when this stock rises
Holders' portfolio flow this Q
+0.7%
inflows — adds are organic
Sellers' portfolio flow this Q
-6.0%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-6.4%
Holder mid (any stock)
-2.1%
Holder rally (any stock)
-2.6%
Biggest decreases this quarter
DIMENSIONAL FUND ADVISORS LP−$8.7Mα-0.4ALLIANCEBERNSTEIN L.P.−$6.8Mα-0.3WESTWOOD HOLDINGS GROUP INC−$5.8Mα-0.3NOMURA ASSET MANAGEMENT INTERNATIONAL INC.−$4.8Mα+1.4SCHRODER INVESTMENT MANAGEMENT GROUP−$3.7Mα-0.2HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDexited−$2.2MVOLORIDGE INVESTMENT MANAGEMENT, LLCexited−$2.1MMILLENNIUM MANAGEMENT LLCexited−$1.5MTUDOR INVESTMENT CORP ET ALexited−$1.1MNewEdge Advisors, LLCexited−$831K
New buyers this quarter
Top-5 holders · 45.1%
BlackRock, Inc.--
FMR LLC--
STATE STREET CORP--
VANGUARD CAPITAL MANAGEMENT LLC--
FRANKLIN RESOURCES INC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
FMR LLC3.6MFRANKLIN RESOURCES INC1.8MWESTWOOD HOLDINGS GROUP INC1.3MAMERIPRISE FINANCIAL INC1.3MMACQUARIE GROUP LTD—NOMURA ASSET MANAGEMENT INTERNATIONAL INC.986KJENNISON ASSOCIATES LLC974KBank of New York Mellon Corp301KALLIANCEBERNSTEIN L.P.528KWILLIAM BLAIR INVESTMENT MANAGEMENT, LLC392K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (3 analysts)$61.33420.0%
Current Price$58.83
Analyst Ratings
9
6
Strong Buy: 1Buy: 9Hold: 6Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$2K
1 txn · 1 insider · 46 sh
Sells ($, 12mo)
$3.05M
3 txns · 2 insiders · 52,299 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-20 | SELL | Mayer Michael Goodwin | director | 44,324 | $58.58 | $2.60M | $2.43M |
| 2026-02-04 | SELL | CRAWFORD JAMES C III | director | 4,500 | $60.57 | $273K | $3.68M |
| 2026-02-03 | SELL | Capel Mary Clara | other: Retired Board Member | 5,000 | $59.31 | $297K | $1.21M |
| 2026-01-30 | SELL | Capel Mary Clara | other: Retired Board Member | 2,642 | $57.75 | $153K | $1.47M |
| 2026-01-28 | SELL | Capel Mary Clara | other: Retired Board Member | 2,500 | $57.26 | $143K | $1.61M |
| 2025-08-15 | SELL | CRAWFORD JAMES C III | director | 3,475 | $53.10 | $185K | $3.46M |
| 2025-07-24 | BUY | Donnelly Abby Jill | director | 46 | $49.42 | $2K | $522K |
Order Flow (FINRA, ~3w lag)
7.6%retail-0.6pp
25.3%dark+5.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
First Bancorp: Aggressive Securities Loss Recognition as a Balance Sheet Cleansing Strategy
Overall Risk
4/10
Fraud
2/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
3/10
Hidden Liabilities
4/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
3/10
Contextually Acceptable
8/10