First Bancorp (FBNC) Key Metrics
FBNC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.50B
- Enterprise value
- $2.04B
- P/E (TTM)
- 18.7 10-yr median 15.8
- Forward P/E
- 14.6
- PEG ratio
- 1.56
- Price / sales
- 6.1 10-yr median 3.6
- Price / book
- 1.5 10-yr median 1.3
- EV / EBITDA
- — 10-yr median 8.0
- Dividend yield
- 1.59% $0.96 a year
- Beta
- 0.85
FBNC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFBNC valuation Price multiples at each fiscal year-end price.
FBNC returns How much profit the business earns on the capital it uses.
FBNC per-share figures Results divided by the shares outstanding at year-end.
FBNC financial health Debt, liquidity and how easily interest is covered.
FBNC efficiency & capital use Working capital cycle and where the cash goes.
FBNC valuation history
FBNC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FBNC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FBNC cash returned to shareholders
FBNC price vs earnings per share
FBNC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.10B | $1.82B | $1.52B | $1.53B | $1.63B | $980.5M | $1.19B | $970.2M | $893.0M | $562.7M |
| Enterprise value | −$20.6M | −$573.0M | −$582.1M | −$818.7M | −$1.44B | −$817.0M | $671.6M | $755.6M | $770.8M | $533.8M |
| P/E ratio | 18.9 | 23.8 | 14.6 | 10.4 | 17.0 | 12.0 | 12.9 | 10.9 | 19.4 | 20.5 |
| Price / sales | 3.9 | 3.4 | 2.8 | 3.7 | 5.0 | 3.1 | 3.8 | 3.4 | 4.0 | 3.4 |
| Price / book | 1.3 | 1.3 | 1.1 | 1.5 | 1.3 | 1.1 | 1.4 | 1.3 | 1.3 | 1.5 |
| Price / free cash flow | 10.6 | 10.6 | 12.0 | 6.8 | 12.6 | 21.9 | 24.9 | 27.2 | 40.3 | 17.3 |
| Price / operating cash flow | 10.3 | 10.4 | 11.6 | 6.6 | 11.7 | 17.2 | 23.1 | 20.9 | 33.3 | 13.6 |
| EV / sales | -0.0 | -1.1 | -1.1 | -2.0 | -4.4 | -2.6 | 2.2 | 2.6 | 3.4 | 3.2 |
| EV / EBITDA | — | — | — | — | — | — | 5.2 | 6.0 | 9.9 | 11.1 |
| EV / free cash flow | — | — | — | — | — | — | 14.1 | 21.2 | 34.8 | 16.4 |
| Earnings yield | 5.3% | 4.2% | 6.8% | 9.6% | 5.9% | 8.3% | 7.8% | 9.2% | 5.1% | 4.9% |
| Free cash flow yield | 9.5% | 9.5% | 8.3% | 14.7% | 7.9% | 4.6% | 4.0% | 3.7% | 2.5% | 5.8% |
| Dividend yield | 1.8% | 2.0% | 2.3% | 2.0% | 1.4% | 2.1% | 1.2% | 1.2% | 0.9% | 1.2% |
| Shareholder yield (dividends + buybacks) | 1.8% | 2.0% | 2.3% | 2.3% | 1.6% | 5.4% | 2.0% | 1.2% | 0.9% | 1.2% |
| Share price at fiscal year-end | $50.79 | $43.97 | $37.01 | $42.84 | $45.72 | $33.83 | $39.91 | $32.66 | $35.31 | $27.14 |
| Per share | ||||||||||
| Revenue per share | $13.13 | $12.84 | $13.14 | $11.43 | $9.12 | $10.99 | $10.39 | $9.75 | $8.94 | $8.04 |
| Earnings per share | $2.69 | $1.84 | $2.53 | $4.12 | $2.68 | $2.81 | $3.10 | $3.01 | $1.82 | $1.33 |
| Operating cash flow per share | $4.91 | $4.23 | $3.19 | $6.47 | $3.90 | $1.97 | $1.72 | $1.56 | $1.06 | $1.99 |
| Free cash flow per share | $4.81 | $4.16 | $3.08 | $6.32 | $3.63 | $1.54 | $1.61 | $1.20 | $0.88 | $1.57 |
| Cash per share | $53.09 | $58.19 | $58.96 | $72.45 | $86.77 | $62.81 | $35.44 | $32.46 | $32.93 | $24.37 |
| Book value per share | $40.00 | $34.98 | $33.34 | $28.92 | $34.54 | $30.83 | $28.68 | $25.73 | $27.40 | $17.75 |
| Tangible book value per share | $28.01 | $22.84 | $20.99 | $18.35 | $23.81 | $22.04 | $12.33 | $9.30 | $8.00 | $10.30 |
| Dividends per share | $0.90 | $0.88 | $0.85 | $0.86 | $0.62 | $0.72 | $0.46 | $0.38 | $0.30 | $0.32 |
| Capex per share | $0.10 | $0.06 | $0.11 | $0.15 | $0.26 | $0.43 | $0.12 | $0.36 | $0.18 | $0.42 |
| Debt per share | $1.80 | $0.35 | $7.81 | $6.67 | $0.55 | $0.79 | $18.12 | $25.23 | $28.09 | $22.98 |
| Shares outstanding | 41.4M | 41.3M | 41.2M | 35.7M | 35.6M | 29.0M | 29.7M | 29.7M | 25.3M | 20.7M |
| Change in shares outstanding | +0.1% | +0.4% | +15.4% | +0.1% | +22.9% | −2.5% | +0.0% | +17.5% | +22.0% | +1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.2% | 5.4% | 8.7% | 13.0% | 9.0% | 9.3% | 11.4% | 12.3% | 8.7% | 7.7% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | 20.7% | 15.9% | 10.1% | 12.6% |
| Return on assets (ROA) | 0.9% | 0.6% | 0.9% | 1.4% | 1.1% | 1.2% | 1.5% | 1.6% | 1.0% | 0.8% |
| Return on tangible assets | 0.9% | 0.7% | 0.9% | 1.4% | 0.9% | 1.2% | 1.6% | 1.7% | 0.9% | 0.8% |
| Free cash flow margin | 36.6% | 32.4% | 23.5% | 55.3% | 39.9% | 14.0% | 15.5% | 12.3% | 9.8% | 19.5% |
| Income quality (OCF / net income) | 1.83 | 2.29 | 1.26 | 1.57 | 1.45 | 0.70 | 0.56 | 0.52 | 0.58 | 1.50 |
| Financial health | ||||||||||
| Total debt | $74.6M | $14.6M | $321.7M | $237.8M | $19.5M | $23.0M | $538.7M | $749.6M | $710.5M | $476.4M |
| Cash & short-term investments | $2.20B | $2.40B | $2.43B | $2.58B | $3.09B | $1.82B | $1.05B | $964.2M | $832.8M | $505.3M |
| Net debt | −$2.12B | −$2.39B | −$2.11B | −$2.35B | −$3.07B | −$1.80B | −$514.6M | −$214.6M | −$122.2M | −$28.9M |
| Debt / equity | 0.05 | 0.01 | 0.23 | 0.23 | 0.02 | 0.03 | 0.63 | 0.98 | 1.03 | 1.29 |
| Debt / assets | 0.01 | 0.00 | 0.03 | 0.02 | 0.00 | 0.00 | 0.09 | 0.13 | 0.13 | 0.13 |
| Net debt / EBITDA | −13.32 | −20.61 | −13.93 | −11.70 | −22.88 | −15.40 | −3.95 | −1.70 | −1.58 | −0.60 |
| Current ratio | 0.24 | 0.23 | 0.25 | 0.28 | 0.34 | 0.29 | 4.46 | 14.17 | — | — |
| Quick ratio | 0.24 | 0.23 | 0.24 | 0.32 | 0.40 | 0.36 | 5.50 | 14.14 | — | — |
| Interest coverage | 0.9 | 0.5 | 0.9 | 11.5 | 12.6 | 5.3 | 3.4 | 4.8 | 5.3 | 5.5 |
| Working capital | −$7.19B | −$8.09B | −$7.57B | −$6.62B | −$6.01B | −$4.43B | $829.7M | $4.54B | $4.71B | $3.13B |
| Invested capital | −$466.6M | −$944.5M | −$733.2M | −$1.32B | −$1.84B | −$904.0M | $337.8M | $549.6M | $570.8M | $339.2M |
| Tangible asset value | $1.16B | $944.0M | $864.1M | $654.7M | $848.5M | $638.8M | $366.4M | $276.3M | $202.4M | $213.6M |
| Net current asset value | −$8.78B | −$8.26B | −$8.28B | −$6.98B | −$6.16B | −$4.56B | −$4.22B | −$212.4M | −$142.5M | −$115.8M |
| Graham number | $49.17 | $38.10 | $43.56 | $51.77 | $45.67 | $44.16 | $44.71 | $41.71 | $33.48 | $23.02 |
| Graham net-net per share | −$212.56 | −$200.12 | −$200.55 | −$200.05 | −$179.98 | −$164.09 | −$146.41 | −$138.67 | −$158.33 | −$131.66 |
| Capital allocation | ||||||||||
| Dividends paid | $37.3M | $36.2M | $34.9M | $30.7M | $22.2M | $20.9M | $13.7M | $11.3M | $7.6M | $6.6M |
| Share buybacks (net) | $991,000 | $0 | $743,000 | $4.0M | $4.0M | $31.9M | $10.0M | $406,000 | $231,000 | $166,000 |
| Dividend payout ratio | 33.6% | 47.6% | 33.6% | 20.9% | 23.2% | 25.7% | 14.8% | 12.6% | 16.5% | 24.1% |
| Dividends + buybacks / free cash flow | 19.2% | 21.1% | 28.1% | 15.4% | 20.3% | 118.1% | 49.6% | 32.7% | 35.3% | 20.9% |
| Capex / revenue | 0.8% | 0.5% | 0.8% | 1.3% | 2.9% | 3.9% | 1.1% | 3.7% | 2.1% | 5.2% |
| Capex / operating cash flow | 2.1% | 1.5% | 3.4% | 2.3% | 6.8% | 21.7% | 6.9% | 23.1% | 17.4% | 21.1% |
| Capex / depreciation | 0.28 | 0.15 | 0.23 | 0.34 | 0.68 | 0.91 | 0.25 | 0.84 | 0.48 | 1.49 |
| Stock-based compensation / revenue | 0.7% | 0.9% | 0.9% | 0.7% | 0.7% | 0.8% | 0.7% | 0.5% | 0.5% | 0.4% |
| SG&A / revenue | 28.8% | 28.7% | 28.3% | 30.8% | 33.8% | 32.4% | 32.1% | 32.8% | 37.4% | 38.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.4 | 25.3 | 22.6 | 24.9 | 25.9 | 21.2 | 19.3 | 19.0 | 18.9 | 20.2 |
| Days of inventory on hand | — | — | -270.6 | -5,063.5 | -6,541.5 | -2,145.2 | -1,233.2 | 180.9 | 301.2 | 469.9 |
| Days payables outstanding | 9.4 | 9.2 | 9.6 | 21.4 | 11.2 | 10.2 | 20.8 | 29.0 | 24.2 | 27.0 |
| Cash conversion cycle (days) | 16.0 | 16.1 | -257.7 | -5,060.0 | -6,526.8 | -2,134.3 | -1,234.7 | 170.8 | 295.9 | 463.0 |
| Receivables turnover | 14.38 | 14.41 | 16.14 | 14.66 | 14.07 | 17.25 | 18.91 | 19.24 | 19.34 | 18.08 |
| Payables turnover | 38.87 | 39.49 | 37.91 | 17.04 | 32.50 | 35.71 | 17.51 | 12.57 | 15.10 | 13.49 |
| Inventory turnover | — | — | — | — | — | — | — | 2.02 | 1.21 | 0.78 |
| Asset turnover | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $37.8M | $36.8M | $33.5M | $27.8M | $23.1M | $18.5M | $16.3M | $15.0M | $11.7M | $9.2M |
| Average payables | $4.2M | $5.2M | $4.2M | $1.7M | $755,500 | $1.5M | $2.1M | $1.6M | $887,000 | $562,000 |
| Average inventory | — | — | −$118.6M | −$395.4M | −$440.1M | −$320.9M | −$122.2M | $10.0M | $11.1M | $9.8M |
| Intangibles / total assets | 3.9% | 4.1% | 4.2% | 3.5% | 3.6% | 3.5% | 7.9% | 8.3% | 8.8% | 4.3% |
Computed from FBNC's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FBNC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), First Bancorp traded at 18.9 times earnings, against a 10-year median of 15.8. Based on the latest twelve months, the trailing P/E is 18.7 and the forward P/E is 14.6. First Bancorp earned a return on equity of 7.2% in fiscal 2025. It ended the year with $74.6 million of debt and $2.2 billion in cash and short-term investments, a net cash position of $2.1 billion. It returned $38.3 million to shareholders: $37.3 million in dividends and $1.0 million in share buybacks, 19% of free cash flow. The share count rose 99.4% from 20.7M to 41.4M over 9 years.
See the FBNC income statement, the FBNC chart for price history, or the FBNC stock overview for the latest quote and news.
FBNC key metrics FAQ
What is First Bancorp's P/E ratio?
First Bancorp's trailing P/E ratio is 18.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.6. At the end of fiscal 2025 it was 18.9, compared with a 10-year median of 15.8.
What is First Bancorp's return on equity?
First Bancorp's return on equity (ROE) was 7.2% in fiscal 2025: net income of $111.0 million on average shareholders' equity of $1.5 billion.
How much debt does First Bancorp have?
First Bancorp had total debt of $74.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
What is First Bancorp's dividend yield?
First Bancorp's forward dividend yield is 1.59%. First Bancorp paid $37.3 million in dividends in fiscal 2025 ($0.90 per share), a payout ratio of 33.6%.
Does First Bancorp buy back its shares?
Yes. First Bancorp spent $1.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.1% over the year, to 41.4M..
What is First Bancorp's free cash flow yield?
First Bancorp generated $198.9 million of free cash flow in fiscal 2025, a free cash flow yield of 9.5% on its market value at year-end ($2.1 billion).
What is First Bancorp's current ratio?
First Bancorp's current ratio was 0.24 at the end of fiscal 2025: current assets were 0.24 times current liabilities.