First Bancorp (FBNC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
15.81
↑+54% vs avg
5yr avg: 10.29
30Y Low1.3·High15.0
P/FCF
↓
12.66
↑+21% vs avg
5yr avg: 10.43
30Y Low4.6·High40.3
P/B Ratio
↓
1.52
+18% vs avg
5yr avg: 1.29
30Y Low0.5·High2.9
ROE
↓
7.2%
-17% vs avg
5yr avg: 8.6%
30Y Low-7%·High28%
Debt/EBITDA
↑
0.48
↓-41% vs avg
5yr avg: 0.81
30Y Low0.1·High12.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FBNC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
First Bancorp trades at 22.7x earnings, 33% above its 5-year average of 17.0x, sitting at the 83rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 67%. On a free-cash-flow basis, the stock trades at 12.7x P/FCF, 21% above the 5-year average of 10.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5B | $2.1B | $1.8B | $1.5B | $1.5B | $1.6B | $980M | $1.2B | $970M | $893M | $563M |
| Enterprise Value | $2.4B | $2.0B | $1.3B | $1.6B | $1.5B | $1.2B | $636M | $1.5B | $1.2B | $1.1B | $528M |
| P/E Ratio → | 22.67 | 18.95 | 23.90 | 14.75 | 10.40 | 17.06 | 12.04 | 12.87 | 10.85 | 19.40 | 20.41 |
| P/S Ratio | 4.63 | 3.87 | 3.42 | 2.82 | 3.75 | 5.01 | 3.08 | 3.84 | 3.35 | 3.95 | 3.37 |
| P/B Ratio | 1.52 | 1.27 | 1.26 | 1.11 | 1.48 | 1.32 | 1.10 | 1.39 | 1.27 | 1.29 | 1.53 |
| P/FCF | 12.66 | 10.56 | 10.56 | 12.00 | 6.78 | 12.25 | 21.33 | 24.86 | 27.19 | 40.26 | 17.27 |
| P/OCF | 12.39 | 10.34 | 10.40 | 11.59 | 6.63 | 11.44 | 16.81 | 23.15 | 20.91 | 33.27 | 13.63 |
P/E links to full P/E history page with 30-year chart
FBNC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
First Bancorp's enterprise value stands at 15.8x EBITDA, 54% above its 5-year average of 10.3x. The Financial Services sector median is 11.4x, placing the stock at a 39% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.73 | 2.49 | 2.97 | 3.67 | 3.65 | 2.00 | 4.72 | 4.14 | 4.85 | 3.17 |
| EV / EBITDA | 15.81 | 13.11 | 11.42 | 10.63 | 7.46 | 8.84 | 5.45 | 11.19 | 9.50 | 14.16 | 11.01 |
| EV / EBIT | 16.95 | 14.06 | 13.50 | 12.18 | 8.08 | 9.87 | 6.17 | 12.53 | 10.58 | 16.20 | 12.53 |
| EV / FCF | — | 10.20 | 7.69 | 12.66 | 6.64 | 8.93 | 13.84 | 30.54 | 33.63 | 49.48 | 16.21 |
FBNC Profitability
Margins and return-on-capital ratios measuring operating efficiency
First Bancorp earns an operating margin of 26.6%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 24.4% to 26.6% over the past 3 years, signaling improving operational efficiency. ROE of 7.2% is modest, trailing the sector median of 9.0%. ROIC of 6.8% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.1% | 70.1% | 61.7% | 70.4% | 93.0% | 92.4% | 82.9% | 88.3% | 93.0% | 94.1% | 95.5% |
| Operating Margin | 26.6% | 26.6% | 18.5% | 24.4% | 45.4% | 37.0% | 32.4% | 37.7% | 39.2% | 30.0% | 25.3% |
| Net Profit Margin | 20.4% | 20.4% | 14.4% | 19.2% | 36.0% | 29.4% | 25.6% | 29.8% | 30.8% | 20.3% | 16.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.2% | 7.2% | 5.4% | 8.7% | 13.0% | 9.0% | 9.3% | 11.4% | 12.3% | 8.7% | 7.7% |
| ROA | 0.9% | 0.9% | 0.6% | 0.9% | 1.4% | 1.1% | 1.2% | 1.5% | 1.6% | 1.0% | 0.8% |
| ROIC | 6.8% | 6.8% | 4.7% | 6.7% | 11.0% | 8.3% | 6.8% | 6.2% | 6.0% | 5.0% | 5.4% |
| ROCE | 5.9% | 5.9% | 5.3% | 7.6% | 13.3% | 10.0% | 10.4% | 12.7% | 13.7% | 9.3% | 6.9% |
FBNC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
First Bancorp carries a Debt/EBITDA ratio of 0.5x, which is very conservative (89% below the sector average of 4.3x). The company holds a net cash position — cash of $147M exceeds total debt of $75M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.01 | 0.23 | 0.23 | 0.02 | 0.03 | 0.59 | 0.91 | 1.00 | 0.74 |
| Debt / EBITDA | 0.48 | 0.48 | 0.13 | 2.13 | 1.19 | 0.15 | 0.20 | 3.86 | 5.49 | 8.96 | 5.66 |
| Net Debt / Equity | — | -0.04 | -0.34 | 0.06 | -0.03 | -0.36 | -0.39 | 0.32 | 0.30 | 0.29 | -0.09 |
| Net Debt / EBITDA | -0.47 | -0.47 | -4.25 | 0.55 | -0.16 | -3.29 | -2.95 | 2.08 | 1.82 | 2.64 | -0.72 |
| Debt / FCF | — | -0.36 | -2.86 | 0.66 | -0.14 | -3.32 | -7.49 | 5.67 | 6.45 | 9.21 | -1.06 |
| Interest Coverage | 0.91 | 0.91 | 0.52 | 0.93 | 11.50 | 12.63 | 5.27 | 3.43 | 4.77 | 5.35 | 5.54 |
Net cash position: cash ($147M) exceeds total debt ($75M)
FBNC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.24x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.24 | 0.24 | 0.23 | 0.25 | 0.28 | 0.34 | 0.29 | 0.21 | 0.20 | 0.18 | 0.17 |
| Quick Ratio | 0.24 | 0.24 | 0.23 | 0.25 | 0.28 | 0.34 | 0.29 | 0.21 | 0.20 | 0.18 | 0.17 |
| Cash Ratio | 0.02 | 0.02 | 0.05 | 0.02 | 0.03 | 0.05 | 0.06 | 0.04 | 0.09 | 0.10 | 0.10 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FBNC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
First Bancorp returns 1.5% to shareholders annually — split between a 1.5% dividend yield and 0.0% buyback yield. The payout ratio of 33.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 33.6% | 33.6% | 47.6% | 33.6% | 20.9% | 23.2% | 25.7% | 14.8% | 12.6% | 16.5% | 23.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 5.3% | 4.2% | 6.8% | 9.6% | 5.9% | 8.3% | 7.8% | 9.2% | 5.2% | 4.9% |
| FCF Yield | 7.9% | 9.5% | 9.5% | 8.3% | 14.7% | 8.2% | 4.7% | 4.0% | 3.7% | 2.5% | 5.8% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $41M | $41M | $41M | $36M | $36M | $29M | $30M | $30M | $25M | $21M |
Peer Comparison
Compare FBNC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FBNCYou | $3B | 22.7 | 15.8 | 12.7 | 70.1% | 26.6% | 7.2% | 6.8% | 0.5 |
 SFNC | $3B | -7.4 | — | 7.5 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 HOMB | $5B | 11.5 | 9.3 | 11.3 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 UBSI | $6B | 13.6 | 7.8 | 12.9 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 WSFS | $4B | 14.6 | 7.1 | 18.3 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 TOWN | $3B | 15.7 | 13.2 | 12.5 | 69.6% | 20.9% | 7.4% | 6.0% | 1.8 |
 BANR | $2B | 11.5 | 9.4 | 8.9 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 GABC | $2B | 14.7 | 12.9 | 11.0 | 70.2% | 28.7% | 12.0% | 9.3% | 1.3 |
 CNOB | $2B | 21.9 | 24.0 | 16.2 | 44.2% | 18.6% | 5.7% | 3.5% | 10.4 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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FBNC — Frequently Asked Questions
Quick answers to the most common questions about buying FBNC stock.
What is First Bancorp's P/E ratio?
First Bancorp's current P/E ratio is 22.7x. The historical average is 17.9x. This places it at the 83th percentile of its historical range.
What is First Bancorp's EV/EBITDA?
First Bancorp's current EV/EBITDA is 15.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
What is First Bancorp's ROE?
First Bancorp's return on equity (ROE) is 7.2%. The historical average is 10.5%.
Is FBNC stock overvalued?
Based on historical data, First Bancorp is trading at a P/E of 22.7x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is First Bancorp's dividend yield?
First Bancorp's current dividend yield is 1.48% with a payout ratio of 33.6%.
What are First Bancorp's profit margins?
First Bancorp has 70.1% gross margin and 26.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does First Bancorp have?
First Bancorp's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.