Valuation dashboard for First Bancorp (FBNC) with P/E 16.41, P/B 1.57, EV/EBITDA 24.3 and dividend yield 1.46%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
First Bancorp (FBNC) functions as the parent company of First Bank, offering a diverse array of financial solutions to individuals and small to medium-sized businesses. Its operational focus is primarily within North Carolina and the northeastern region of South Carolina.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · Current P/B 1.6× · Multiples range: $50.91 · $53.80.
At a P/B Kaplio accepts for its ROTCE 9.6 % (1.3×) $54 (-17 %); at its peers' median (1.2×) $51 (-22 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
First Bancorp reported revenue of $384.1M in the most recent fiscal year, growing at a 5-year CAGR of 5.1%. Net income reached $111.0M, with a 6.4% 5-year CAGR.
Trailing-twelve-month margins: gross margin 67.0%, operating margin 18.4%, net margin 35.0%.
At $65.14 (closing price, November 2, 2026), FBNC trades at a P/E of 16.41 and an ROE of 9.70%. Market capitalisation stands at $2.7B.
Balance sheet quality for FBNC: debt-to-equity ratio of 0.04, current ratio of 0.27 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 16.41 |
| Price / Book | 1.57 |
| EV / EBITDA | 24.3 |
| Dividend Yield | 1.46% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| FBNC | First Bancorp | $2.7B | 16.41 | 1.57 | 9.7% |
| FCNCA | First Citizens BancShares, Inc. | $26.3B | 12.14 | 1.23 | 10.9% |
| 0O84.L | DNB Bank ASA | NOK 478.2B | 11.51 | 1.72 | 14.5% |
| MFG | Mizuho Financial Group, Inc. | $118.0B | 13.53 | 1.61 | 12.3% |
| HDB | HDFC Bank Limited | $116.4B | 13.61 | 1.79 | 13.5% |
| IBN | ICICI Bank Limited | $107.2B | 17.24 | 2.61 | 15.9% |
| SBID.L | State Bank of India | $94.7B | 10.23 | 1.42 | 14.3% |
| USB | U.S. Bancorp | $94.2B | 11.79 | 1.42 | 12.6% |
Price
| Price | $65.14 (closing price, November 2, 2026) |
| Market Cap | $2.7B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 9.70% |
| Return on Invested Capital | 3.44% |
| Return on Assets | 1.25% |
| Gross Margin | 67.04% |
| Operating Margin | 18.39% |
| Net Margin | 34.99% |
Related companies: FCNCA · 0O84.L · MFG · HDB · IBN · SBID.L · USB · PNC
Explore sector: Financial Services · Banks - Regional
More sections of FBNC: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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