First Bancorp (North Carolina) reports results for the quarter ended in September 30 - Earnings Summary

First Bancorp (North Carolina)

24/10/2024 04:11

* First Bancorp (North Carolina)  FBNC.OQ  reported
quarterly
adjusted earnings of 70 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
three analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 68 cents to 73
cents per share.
    * Revenue fell 17.5% to $82.42 million from a year ago;
analysts
expected $97.86 million. 
    * First Bancorp (North Carolina)'s reported EPS for the
quarter
was 45 cents​.
    * The company reported quarterly net income of $18.68
million.
    * First Bancorp (North Carolina) shares had risen by 1.7%
this
quarter and gained 14.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 47.63 
This summary was machine generated from LSEG data October 24 at
03:11 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
 Sep. 30 2024      0.70           0.70           Met
 Jun. 30 2024      0.60           0.70           Beat
 Mar. 31 2024      0.63           0.61           Missed
 Dec. 31 2023      0.65           0.72           Beat