First Bancorp (FBNC) Upgraded to Buy: What Does It Mean for the Stock?

First Bancorp (FBNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Zacks Investment Research • Jun 3, 2026

FIRST BANK APPOINTS ANDY SCOTT AS TRIANGLE REGIONAL EXECUTIVE

SOUTHERN PINES, N.C., April 30, 2026 /PRNewswire/ -- First Bank, a subsidiary of First Bancorp (NASDAQ: FBNC), has appointed Andy Scott as Triangle Regional Executive.

PRNewsWire • Apr 30, 2026

FIRST BANCORP ANNOUNCES APPOINTMENT OF TWO NEW DIRECTORS

SOUTHERN PINES, N.C., April 28, 2026 /PRNewswire/ -- First Bancorp (NASDAQ: FBNC), the parent company of First Bank (collectively, the "Company"), today announced the appointment of Kate Nevin and Peter Hans to its Board of Directors, effective immediately.

PRNewsWire • Apr 28, 2026

First Bancorp (FBNC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for First Bancorp (FBNC) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research • Apr 23, 2026

First Bancorp Reports First Quarter Results

First Quarter 2026 Financial Data (Dollars in 000s, except per share data) Q1-2026 Q4-2025 Q1-2025 Summary Income Statement Total interest income $           142,390 $           143,634 $           132,624 Total interest expense 35,274 37,435 39,777 Net interest income 107,116 106,199 92,847 Provision for credit losses 3,083 4,732 1,116 Noninterest income 15,178 (22,479) 12,956 Noninterest expenses 60,218 62,043 57,911 Income tax expense 12,334 1,232 10,370 Net income $             46,659 $             15,713 $             36,406 Key Metrics Diluted EPS $                 1.13 $                 0.38 $                 0.88 Adjusted diluted EPS (1) 1.13 1.19 0.88 Book value per share 40.68 39.89 36.46 Tangible book value per share 29.01 28.23 24.69 ROA 1.48 % 0.49 % 1.21 % Adjusted ROA (1) 1.48 % 1.54 % 1.21 % ROCE 11.22 % 3.83 % 10.06 % Adjusted ROCE (1) 11.22 % 12.01 % 10.06 % ROTCE 16.05 % 5.80 % 15.54 % Adjusted ROTCE (1) 16.05 % 17.45 % 15.54 % NIM 3.67 % 3.58 % 3.25 % NIM- T/E 3.69 % 3.60 % 3.27 % Efficiency ratio 49.05 % 73.75 % 54.51 % Quarterly NCO ratio 0.06 % 0.05 % 0.17 % ACL ratio 1.42 % 1.42 % 1.49 % Capital Ratios (2) Tangible common equity to tangible assets 9.63 % 9.61 % 8.55 % Common equity tier I capital ratio 14.11 % 14.10 % 14.52 % Total risk-based capital ratio 16.10 % 16.12 % 16.80 % (1) Q4-2025 adjusted to exclude impact of securities loss of $43.7 million (after tax $33.6 million).  See Appendices D, E, F and G.

PRNewsWire • Apr 22, 2026

First Bancorp (FBNC) Beats Q1 Earnings Estimates

First Bancorp (FBNC) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago.

Zacks Investment Research • Apr 22, 2026

FIRST BANK APPOINTS WILL AIKEN TO LEAD SPECIALTY BUSINESSES

GREENVILLE, S.C., April 7, 2026 /PRNewswire/ -- First Bank (NASDAQ: FBNC), has appointed Will Aiken as Managing Director, Specialty Businesses, reinforcing its commitment to expanding and strengthening key areas of the Bank's business.

PRNewsWire • Apr 7, 2026

First BanCorp. Isn't Prime For A Downgrade Yet

First BanCorp. maintains a soft 'Buy' rating, supported by robust asset quality and improving core deposits. FBP's net interest margin rose to 4.68%, driving net income growth and outperformance versus the S&P 500. Valuation remains attractive with a 9.2x P/E, though price-to-book ratios are less compelling compared to peers.

Seeking Alpha • Mar 27, 2026

What Makes First Bancorp (FBNC) a New Buy Stock

First Bancorp (FBNC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research • Mar 25, 2026

Regional Bank Stock Up 33% as $3.7 Million Exit Tells a Different Story

Old North State Trust sold all of its 72,921 shares of First Bancorp in the fourth quarter; the estimated transaction value was $3.70 million based on quarterly average prices. Meanwhile, the quarter-end position value decreased by $3.86 million, reflecting the sale and stock price movement.

The Motley Fool • Mar 24, 2026