Raymond James downgraded First Bancorp from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2025 | $48.00 | Overweight | Stephens |
| 2/7/2025 | Buy → Neutral | Janney | |
| 9/14/2023 | $36.50 → $34.00 | Neutral → Buy | DA Davidson |
| 7/31/2023 | Outperform → Mkt Perform | Raymond James | |
| 8/18/2022 | $49.00 → $47.00 | Neutral → Overweight | Piper Sandler |
| 8/1/2022 | $43.00 → $42.00 | Buy → Neutral | DA Davidson |
| 2/28/2022 | $49.00 | Outperform | Raymond James |
| 10/12/2021 | $49.00 → $52.00 | Overweight → Neutral | Piper Sandler |
Stephens initiated coverage of First Bancorp with a rating of Overweight and set a new price target of $48.00
Janney downgraded First Bancorp from Buy to Neutral
DA Davidson upgraded First Bancorp from Neutral to Buy and set a new price target of $34.00 from $36.50 previously
SOUTHERN PINES, N.C., April 23, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today. The Company announced net income of $36.4 million, or $0.88 diluted earnings per share ("D-EPS"), for the three months ended March 31, 2025 compared to $3.6 million, or $0.08 D-EPS, for the three months ended December 31, 2024 ("linked quarter") and $25.3 million, or $0.61 D-EPS, for the first quarter of 2024 ("like quarter"). The Company continued its efforts to enhance net interest income and net interest margin. The Company recorded net interest income of $92.9 million for the first quarter of 2025, compared
SOUTHERN PINES, N.C., March 14, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2025 to shareholders of record as of March 31, 2025. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong fourth quarter performance with meaningful increases in adjusted net income and adjusted EPS while maintaining strong capital, liquidity and credit quality. We are pleased to continue distributing cash dividends to our shareholders, contributing to a valuable return on their investments." First Bancorp is
SOUTHERN PINES, N.C., Jan. 29, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited fourth quarter and full year earnings today. The Company announced net income of $3.6 million, or $0.08 diluted earnings per share ("EPS"), for the three months ended December 31, 2024 compared to $18.7 million, or $0.45 diluted earnings per common share, for the three months ended September 30, 2024 ("linked quarter") and $29.7 million, or $0.72 diluted earnings per common share, for the fourth quarter of 2023 ("like quarter"). For the twelve months ended December 31, 2024, the Company recorded net income of $76.2 million, or $1.84 diluted
SOUTHERN PINES, N.C., Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank (the "Bank"), today announced the promotion of G. Adam Currie from President to Chief Executive Officer (CEO) of the Bank. Currie will replace Michael G. Mayer, who will remain as President of First Bancorp until early 2026. "This transition is the culmination of a succession plan that has been in place for many years," said Richard H. Moore, Chief Executive Officer and Chairman of the Board of Directors of First Bancorp. "It is my privilege to hand over the reins to Adam at this stage of our Company's 90-year history. He has demonstrated his astute kn
RALEIGH, N.C., Jan. 16, 2025 /PRNewswire/ -- First Bank, a leader in the banking industry in the Carolinas, is thrilled to join forces with the Carolina Hurricanes for an exciting new initiative: The Power of Good Goals. Every time the Canes score, First Bank will donate $100 to the Carolina Hurricanes Foundation, fueling their incredible work in the community. From youth hockey programs and educational support to health and wellness initiatives, this partnership will help the Foundation continue to make a difference for countless individuals across the region. "We are incredibly excited to be partnering with the Carolina Hurricanes Foundation," said Adam Currie, President of First Bank. "Th
SOUTHERN PINES, N.C., July 30, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024. Mr. Garrett was the Founder and Chairman of the Board of Directors of GrandSouth Bank and CEO of GrandSouth Bancorporation from 1998 until its merger with the Company in 2023, at which time he joined the Company's Board of Directors. He was a member of the Executive & Loan Committee of First Bank. Mr. Garrett has over 50 years of banking experience, including roles as President and Chief Executive Officer and Chairman of
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SOUTHERN PINES, N.C., April 23, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today. The Company announced net income of $36.4 million, or $0.88 diluted earnings per share ("D-EPS"), for the three months ended March 31, 2025 compared to $3.6 million, or $0.08 D-EPS, for the three months ended December 31, 2024 ("linked quarter") and $25.3 million, or $0.61 D-EPS, for the first quarter of 2024 ("like quarter"). The Company continued its efforts to enhance net interest income and net interest margin. The Company recorded net interest income of $92.9 million for the first quarter of 2025, compared
SOUTHERN PINES, N.C., March 14, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2025 to shareholders of record as of March 31, 2025. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong fourth quarter performance with meaningful increases in adjusted net income and adjusted EPS while maintaining strong capital, liquidity and credit quality. We are pleased to continue distributing cash dividends to our shareholders, contributing to a valuable return on their investments." First Bancorp is
SOUTHERN PINES, N.C., Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank (the "Bank"), today announced the promotion of G. Adam Currie from President to Chief Executive Officer (CEO) of the Bank. Currie will replace Michael G. Mayer, who will remain as President of First Bancorp until early 2026. "This transition is the culmination of a succession plan that has been in place for many years," said Richard H. Moore, Chief Executive Officer and Chairman of the Board of Directors of First Bancorp. "It is my privilege to hand over the reins to Adam at this stage of our Company's 90-year history. He has demonstrated his astute kn
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