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First Bancorp FBNC Q2 2024 earnings

Reported July 24, 2024 · Before market open

Revenue$95.7MBeat by $1.9M
EPS$0.70Beat by $0.10
Revenue estimate$93.8M
EPS estimate$0.60

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$129.6M
EPS estimate$1.19

Financials

Q2 2024

Income statement

See full
Revenue$95.7M-5.4%
Net income$28.7M-2.4%
EPS (diluted)$0.70-1.4%

Balance sheet

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Cash & equivalents$608.4M+68.7%
Total debt$106.9M-78.7%
Total equity$1.4B+8.2%
Total assets$12.1B+0.2%

Cash flow

See full
Operating cash flow$87.7M+207%
CapEx$80.0K-94.7%
Free cash flow$87.6M+224%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$1.31B+7.8%
Enterprise value$812.6M-40.2%
P/E11.6×+1.5×
P/S3.4×+0.4×

Profitability

See full
Net margin29.5%-0.1pp
FCF margin33.7%-5.7pp

Returns & leverage

See full
Return on equity8.4%-1.8pp
Debt / equity0.1×-0.3×

Versus estimates

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Questions, answered.

When did First Bancorp report Q2 2024 earnings?
First Bancorp (FBNC) reported Q2 2024 earnings on July 24, 2024 before market open.
What were First Bancorp's Q2 2024 revenue and EPS?
First Bancorp reported revenue of $95.7M and eps of $0.70 for Q2 2024.
Did First Bancorp beat estimates in Q2 2024?
Revenue beat the consensus estimate of $93.8M by $1.9M. EPS beat the consensus estimate of $0.60 by $0.10.
Where can I find First Bancorp's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000811589-24-000055) directly on SEC EDGAR. The filing index links above go to sec.gov.