First Bancorp (North Carolina) reports results for the quarter ended December 31 - Earnings Summary

First Bancorp (North Carolina)

30/01/2025 06:13

* First Bancorp (North Carolina)  FBNC.OQ  reported
quarterly
adjusted earnings of 76 cents​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of 72 cents.  The mean expectation of
three analysts for the quarter was for earnings of 72 cents per
share. Wall Street expected results to range from 69 cents to 75
cents per share.
    * Revenue fell 33.7% to $64.33 million from a year ago;
analysts
expected $101.11 million. 
    * First Bancorp (North Carolina)'s reported EPS for the
quarter
was 8 cents​.
    * The company reported quarterly net income of $3.55
million.
    * First Bancorp (North Carolina) shares had fallen by 0.1%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First Bancorp
(North Carolina) is $51.63 
This summary was machine generated from LSEG data January 30 at
06:13 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.72           0.76           Beat
 Sep. 30 2024      0.70           0.70           Met
 Jun. 30 2024      0.60           0.70           Beat
 Mar. 31 2024      0.63           0.61           Missed