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

First Bancorp (North Carolina)

26/07/2023 21:59

* First Bancorp (North Carolina)  FBNC.OQ  reported
quarterly
adjusted earnings of 71 cents​​ per share for the quarter ended
in June. The mean expectation of five analysts for the quarter
was for earnings of 73 cents per share.
    * Revenue rose 4.1% to $99.48 million from a year ago;
analysts
expected $107.18 million. 
    * First Bancorp (North Carolina)'s reported EPS for the
quarter
was 71 cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * First Bancorp (North Carolina) shares had risen by 15.4%
this
quarter and lost 19.9% so far this year.
    * The company reported quarterly net income of $29.4
million.
    * Wall Street's median 12-month price target for First
Bancorp
(North Carolina) is $36.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 08:59 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.73           0.71           Missed
 Mar. 31 2023      0.91           0.37           Missed
 Dec. 31 2022      1.12           1.08           Missed
 Sep. 30 2022      0.98           1.06           Beat