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

First Bancorp (North Carolina)

24/01/2024 21:56

* First Bancorp (North Carolina)  FBNC.OQ  reported
quarterly
adjusted earnings of 72 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of $1.08.  The mean expectation of
four analysts for the quarter was for earnings of 65 cents per
share. Wall Street expected results to range from 63 cents to 70
cents per share.
    * Revenue fell 1.9% to $97.03 million from a year ago;
analysts
expected $99.03 million. 
    * First Bancorp (North Carolina)'s reported EPS for the
quarter
was 72 cents​.
    * The company reported quarterly net income of $29.67
million.
    * First Bancorp (North Carolina) shares had fallen by 4.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for First
Bancorp
(North Carolina) is $40.00 

This summary was machine generated from LSEG data January 24 at
09:56 p.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 2023      0.65           0.72           Beat
 Sep. 30 2023      0.68           0.73           Beat
 Jun. 30 2023      0.73           0.71           Missed
 Mar. 31 2023      0.91           0.37           Missed