First Bancorp (FBNC)
Community bank providing loans, deposits, treasury services, and wealth management across the Carolinas.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | Piper Sandler | Reiterate | Rating: —Target: $64 | Target: $65 |
| Jul 16, 2026 | Raymond James | Reiterate | Rating: —Target: $62 | Target: $75 |
| Feb 9, 2026 | Piper Sandler | Downgrade | ||
| Feb 6, 2026 | Piper Sandler | Target | Target: $58 | Target: $64 |
| Jan 7, 2026 | Raymond James | Upgrade | Target: $43 | Target: $62 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.07B · Total debt $74.7M · Total assets $13.04B · Shareholders' equity $1.72B
- Revenue
- $21.2M
- Operating income
- −$59.0M
- Net income
- $50.5M
HistoryDividendAnnual yieldUpcoming
| Institutions | 83.80% | 34.67M shares | |
|---|---|---|---|
| 244 holders · as of Jun 30, 2026 | |||
| Insiders | 1.21% | 499.8K shares | |
| 19 holders · as of Sep 16, 2026 | |||
| Other | 14.99% | 6.20M shares | |
| remainder | |||
41.38M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.38% | 5.95M | as of Jun 30, 2026 |
FMR LLCInstitution | 8.94% | 3.70M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.25% | 2.17M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.43% | 1.83M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.13% | 1.71M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Katharine Caldwell Nevin | director | +231 | $64.23 |
| 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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Bancorp | $62.98 | +0.37% | $2.60B | 19.5 | 13.9 | 6.1 | +16.3% |
| Truist Financial | $47.91 | −2.22% | $61.05B | 11.6 | 10.2 | 2.0 | +6.5% |
| First Citizens BancShares | $2,088.96 | −1.54% | $24.17B | 11.3 | 11.1 | 1.7 | −5.5% |
| SouthState | $102.84 | −0.26% | $10.00B | 10.8 | 10.5 | 3.1 | +1.2% |
| Pinnacle Financial Partners | $95.35 | −1.18% | $14.57B | 11.9 | 8.8 | 3.0 | +145.2% |
| United Community Banks | $34.40 | −0.56% | $4.14B | 11.3 | 10.9 | 2.7 | +9.8% |
| Live Oak Bancshares | $38.05 | +0.08% | $1.76B | 13.4 | 10.5 | 1.6 | +10.0% |
| HomeTrust Bancshares | $46.52 | −1.23% | $791.5M | 12.4 | 11.8 | 2.7 | +3.1% |
| Southern First Bancshares | $60.57 | −1.08% | $578.9M | 13.1 | 11.0 | 2.7 | +25.3% |
| Median | 11.7 | 10.7 | 2.7 | +8.2% |