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MARKETS / NASDAQ / Financials / Banks / FBNC
NASDAQ · STATE COMMERCIAL BANKS · LARGE CAP

First BanCorp. FBNC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$67.6M
▼ 3.6% YoY
$111.0M
▲ 45.7% YoY
$198.9M
▲ 15.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Bank began banking operations in 1935 as the Bank of Montgomery, named for the county in which it originally operated. In January 2023, the Company acquired GrandSouth, a community bank headquartered in Greenville, South Carolina with $1.2 billion in total assets, $1.0 billion in loans, and $1.1 billion in deposits. As of December 31, 2025, the Company had 1,332 full-time and 42 part-time associates, all of whom are employed by the Bank and the majority of whom are located in North Carolina and South Carolina.

Written from the business description in FIRST BANCORP's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 67.6M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 67.6 · Net income 111.0
100M200M
2009201220152018202120242025
Compound annual growth
+57.1%
−8.9%
+6.4%
+15.2%
+17.4%
−13.4%
−0.9%
+1.1%
+4.8%
+6.7%
−6.7%
+19.4%
+13.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

164 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 206.3% · Net 164.2%
500%1000%
200920172025
ROE
FY2025 · ROE 7.2%
5%10%-2%-4%-6%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin206.3%
Net margin164.2%
EBITDAUSD 146.3M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 37.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 198.9
100M200M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 37.3 · Net buybacks -0.5
20M40M-10M-20MDividendsNet buybacks
200920112013201520172019202120232025
Dividends paidUSD 37.3M
Net buybacksUSD -500,000.00
Share of profit33.6%
Consecutive raises1 year

USD 37.3M in dividends — 34% of the year's profit went back to shareholders.

Total assetsUSD 12.7B
EquityUSD 1.7B
CashUSD 309.6M
Gross debtUSD 74.6M
Net debtUSD -235.0M
DepositsUSD 10.7B

The company holds more cash than debt.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
FBNC, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.00.00.0◌◌◌◌◌◌◌◌◌◌◌◌
Operating income $B0.10.10.10.20.10.10.1◌◌◌◌◌◌◌◌◌◌
EBITDA $B0.10.10.10.20.10.10.1◌◌◌◌◌◌◌◌◌◌
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.0−0.00.00.00.0
Net income $B0.10.10.10.10.10.10.10.10.00.00.00.00.0−0.00.00.00.1
Free cash flow $B0.20.20.10.20.10.00.00.00.00.00.00.00.10.00.00.00.0
EPS, diluted $2.681.842.534.123.192.813.103.011.821.331.301.190.98−1.540.440.353.37
Dividend / sh $0.910.880.880.880.800.720.540.400.320.320.320.320.320.320.320.320.32
Payout %34483421232615131723232530−234054◌
ROE %7.25.48.713.09.09.311.412.38.77.77.46.65.7−6.74.02.9◌
Shares out B0.040.040.040.040.040.030.030.030.030.020.020.020.020.020.020.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityState Commercial Banks
Listed onNASDAQ
Incorporated inNorth Carolina
Fiscal year endsDecember 31
Data on record since2009

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