First Bancorp (FBNC) Earnings History
Turnaround35 years of earnings data (1991–2025) · Recovering earnings after a multi-year decline
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First Bancorp (FBNC) Earnings Overview
As of June 22, 2026, First Bancorp (FBNC) reported trailing twelve-month net income of $111M, reflecting +45.7% year-over-year growth. The company earned $2.69 per diluted share over the past four quarters, with a net profit margin of 20.4%.
Looking at the long-term picture, FBNC's 5-year EPS compound annual growth rate (CAGR) stands at -0.9%, signaling declining earnings. The company achieved its highest annual net income of $147M in fiscal 2022.
First Bancorp maintains industry-leading profitability with a gross margin of 70.1%, operating margin of 26.6%, and net margin of 20.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SFNC (-$398M net income, -63.4% margin), HOMB ($475M net income, 34.6% margin), FFIN ($254M net income, 30.7% margin), FBNC has outperformed on profitability metrics. Compare FBNC vs SFNC →
FBNC Earnings vs Peers
Earnings metrics vs comparable public companies
FBNC Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $111M | +45.7% | $144M | $2.68 | 20.4% | 26.6% |
| 2024 | $76M | -26.8% | $98M | $1.84 | 14.4% | 18.5% |
| 2023 | $104M | -29.1% | $132M | $2.51 | 19.2% | 24.4% |
| 2022 | $147M | +53.6% | $185M | $4.12 | 36.0% | 45.4% |
| 2021 | $96M | +17.4% | $120M | $2.68 | 29.4% | 37.0% |
| 2020 | $81M | -11.5% | $103M | $2.81 | 25.6% | 32.4% |
| 2019 | $92M | +3.1% | $116M | $3.10 | 29.8% | 37.7% |
| 2018 | $89M | +94.2% | $113M | $3.01 | 30.8% | 39.2% |
| 2017 | $46M | +67.1% | $68M | $1.82 | 20.3% | 30.0% |
| 2016 | $28M | +1.8% | $42M | $1.33 | 16.5% | 25.3% |
| 2015 | $27M | +8.2% | $41M | $1.30 | 17.4% | 26.5% |
| 2014 | $25M | +20.8% | $39M | $1.19 | 15.0% | 23.1% |
| 2013 | $21M | +188.4% | $33M | $0.98 | 11.8% | 18.6% |
| 2012 | -$23M | -271.6% | -$40M | $-1.54 | -13.1% | -22.6% |
| 2011 | $14M | +36.7% | $21M | $0.44 | 7.6% | 11.7% |
| 2010 | $10M | -83.4% | $15M | $0.35 | 5.5% | 8.2% |
| 2009 | $60M | +173.8% | $98M | $3.37 | 33.9% | 55.2% |
| 2008 | $22M | +0.9% | $35M | $1.37 | 13.1% | 20.8% |
| 2007 | $22M | +13.0% | $35M | $1.51 | 13.1% | 21.0% |
| 2006 | $19M | +20.0% | $31M | $1.34 | 13.3% | 21.1% |
| 2005 | $16M | -20.0% | $33M | $1.12 | 13.8% | 28.5% |
| 2004 | $20M | +3.6% | $31M | $1.40 | 20.6% | 31.3% |
| 2003 | $19M | +12.7% | $30M | $1.35 | 21.7% | 33.5% |
| 2002 | $17M | +26.5% | $27M | $1.23 | 20.2% | 31.1% |
| 2001 | $14M | +45.8% | $21M | $0.98 | 15.8% | 24.2% |
| 2000 | $9M | -21.2% | $15M | $0.69 | 12.0% | 19.4% |
| 1999 | $12M | +8.0% | $18M | $0.85 | 17.6% | 26.9% |
| 1998 | $11M | +119.5% | $17M | $1.61 | 17.5% | 27.2% |
| 1997 | $5M | +16.3% | $8M | $0.32 | 15.0% | 22.5% |
| 1996 | $4M | +168.8% | $7M | $0.28 | 14.4% | 21.7% |
| 1995 | $2M | -46.7% | $2M | $0.05 | 5.9% | 8.1% |
| 1994 | $3M | +11.1% | $4M | $0.10 | 13.5% | 18.8% |
| 1993 | $3M | +8.0% | $4M | $0.09 | 13.2% | 18.1% |
| 1992 | $3M | +25.0% | $4M | $0.08 | 11.7% | 16.4% |
| 1991 | $2M | - | $3M | $0.07 | 8.7% | 11.7% |
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FBNC — Frequently Asked Questions
Quick answers to the most common questions about buying FBNC stock.
What is FBNC earnings per share (EPS)?
FBNC trailing twelve-month (TTM) diluted EPS is $2.69, reflecting +45.7% year-over-year growth. The 5-year EPS CAGR is -0.9%. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is First Bancorp's net income?
First Bancorp (FBNC) trailing twelve-month net income is $111M as of 2025. Earnings grew +45.7% year-over-year. First Bancorp has been profitable for 13 consecutive years.
Is FBNC profitable?
Yes, FBNC is profitable with a TTM net income of $111M and a net profit margin of +20.4%. First Bancorp has generated profits for 13 consecutive years.
What is FBNC's earnings growth rate?
FBNC compound annual EPS growth rates (CAGR): 1-Year: +45.7%, 3-Year: -13.4%, 5-Year: -0.9%, 10-Year: +7.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are FBNC's profit margins?
First Bancorp net profit margin is +20.4%, operating margin is +26.6%, and gross margin is +70.1%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +7.2%.
Is FBNC growing earnings?
Yes, FBNC earnings are accelerating — EPS growth of +45.7% exceeds the 5-year CAGR of -0.9%. TTM net income reached $111M. Earnings momentum is strengthening.
What was FBNC's best earnings year?
First Bancorp's highest annual net income on record is $147M, achieved in fiscal year 2022. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were FBNC's earnings last quarter?
FBNC's most recent reported quarter was Q4 2025. Net income was $16M with diluted EPS of $0.38. For a full breakdown of all quarters, see the quarterly earnings table on this page.