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Upturn AI SWOT - About
FBNC 
First Bancorp (FBNC)
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Upturn Advisory Summary
03/25/2025: FBNC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 13.38% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 03/25/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.67B USD | Price to earnings Ratio 22.01 | 1Y Target Price 50.33 |
Price to earnings Ratio 22.01 | 1Y Target Price 50.33 | ||
Volume (30-day avg) 182614 | Beta 1.06 | 52 Weeks Range 28.86 - 49.82 | Updated Date 04/2/2025 |
52 Weeks Range 28.86 - 49.82 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 2.19% | Basic EPS (TTM) 1.84 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 22.84% | Operating Margin (TTM) 12.96% |
Management Effectiveness
Return on Assets (TTM) 0.63% | Return on Equity (TTM) 5.41% |
Valuation
Trailing PE 22.01 | Forward PE 14.64 | Enterprise Value 1260740608 | Price to Sales(TTM) 5.02 |
Enterprise Value 1260740608 | Price to Sales(TTM) 5.02 | ||
Enterprise Value to Revenue 4.87 | Enterprise Value to EBITDA - | Shares Outstanding 41339800 | Shares Floating 40577194 |
Shares Outstanding 41339800 | Shares Floating 40577194 | ||
Percent Insiders 3.57 | Percent Institutions 71.78 |
Analyst Ratings
Rating 4 | Target Price 51.62 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
First Bancorp
Company Overview
History and Background
First Bancorp was founded in 1948 as a savings and loan association. It has grown organically and through acquisitions to become a diversified financial services company operating primarily in Puerto Rico, Florida, and the Virgin Islands. Key milestones include its initial public offering and subsequent expansion into new markets and business lines.
Core Business Areas
- Commercial Banking: Provides a range of commercial banking products and services, including loans, deposit accounts, and treasury management.
- Retail Banking: Offers retail banking services such as checking and savings accounts, mortgages, auto loans, and credit cards.
- Mortgage Banking: Originates, sells, and services mortgage loans.
- Investment Banking and Brokerage: Wealth management services, brokerage, retirement plan management, investment advisory services, and trust services.
Leadership and Structure
First Bancorp is led by a board of directors and a senior management team. The organizational structure is based on business lines and geographic regions.
Top Products and Market Share
Key Offerings
- Commercial Loans: Offerings include term loans, lines of credit, and commercial real estate financing. Competitors include Popular, Inc. (BPOP) and Oriental Financial Group (OFG). Market Share data is not publicly available.
- Revenue: Commercial Loans are a significant revenue source for First Bancorp. Specific revenue figures are not broken out in public filings.
- Mortgages: Residential and commercial mortgage loan origination and servicing. Competitors include Popular, Inc. (BPOP) and Rocket Companies (RKT). Market Share data is not publicly available.
- Revenue: Mortgage banking contributes to First Bancorp's revenue, but specific figures are not broken out.
- Retail Banking: Retail banking operations include a wide array of consumer banking services such as checking and savings accounts, credit cards, online banking and mobile banking services. Competitors include Popular, Inc. (BPOP) and Banco Santander (SAN). Market Share data is not publicly available.
- Revenue: Retail banking is also a significant revenue source for First Bancorp. Specific revenue figures are not broken out in public filings.
Market Dynamics
Industry Overview
The banking industry is highly competitive and subject to economic cycles, regulatory changes, and technological advancements. Factors influencing the industry include interest rates, economic growth, and consumer confidence.
Positioning
First Bancorp is a leading regional bank in Puerto Rico, Florida, and the Virgin Islands. It differentiates itself through its strong customer relationships, local market expertise, and diversified business model.
Total Addressable Market (TAM)
The total addressable market (TAM) for banking services in Puerto Rico, Florida, and the Virgin Islands is estimated to be in the billions of dollars. First Bancorp is well-positioned to capture a significant share of this market.
Upturn SWOT Analysis
Strengths
- Strong market position in Puerto Rico
- Diversified business model
- Experienced management team
- Strong customer relationships
- Healthy Capital Ratios
Weaknesses
- Concentration in Puerto Rico economy
- Exposure to interest rate risk
- Regulatory scrutiny
- Potential credit quality issues
Opportunities
- Expansion into new markets
- Growth in fee-based income
- Acquisitions of smaller banks
- Increased adoption of digital banking
- Growing mortgage market
Threats
- Economic downturn in Puerto Rico or US
- Increased competition from larger banks
- Changes in regulatory environment
- Cybersecurity threats
- Rising interest rates
Competitors and Market Share
Key Competitors
- Popular, Inc. (BPOP)
- Oriental Financial Group (OFG)
- Banco Santander (SAN)
Competitive Landscape
First Bancorp competes with a mix of regional and national banks. It has a competitive advantage in Puerto Rico due to its strong local market presence and brand recognition.
Major Acquisitions
VI Bancorp
- Year: 2020
- Acquisition Price (USD millions): 193
- Strategic Rationale: Expansion of presence in US Virgin Islands and growth in loans and deposits.
Growth Trajectory and Initiatives
Historical Growth: First Bancorp's historical growth has been driven by organic expansion and acquisitions.
Future Projections: Future growth projections are based on analyst estimates. Factors that could influence future growth include economic conditions, regulatory changes, and competitive dynamics.
Recent Initiatives: Recent strategic initiatives undertaken by First Bancorp include expansion into new markets, investments in digital banking, and cost-cutting measures.
Summary
First Bancorp is a well-established regional bank operating in Puerto Rico, Florida and the Virgin Islands. Its strengths are its strong market position in Puerto Rico, a diversified business model and an experienced management team. However, the company faces challenges related to its concentration in the Puerto Rico economy and exposure to interest rate risk. Expanding into new markets and growing fee-based income are important for its future.
Similar Companies
BPOP
Popular Inc
BPOP
Popular Inc
CFR
Cullen/Frost Bankers Inc
CFR
Cullen/Frost Bankers Inc
OFG
OFG Bancorp
OFG
OFG Bancorp
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated based on available information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Bancorp
Exchange NASDAQ | Headquaters Southern Pines, NC, United States | ||
IPO Launch date 1992-12-09 | Chairman & CEO Mr. Richard Hancock Moore | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 1345 | Website https://localfirstbank.com |
Full time employees 1345 | Website https://localfirstbank.com | ||
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts. It also offers commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, and letters of credit, as well as loans for personal uses, home improvement, and automobiles; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, safe deposit box rental services, and electronic funds transfer services consisting of wire transfers; and internet and mobile banking, mobile check deposit, cash management, bank-by-phone services, and remote deposit capture services. Further, it offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans; property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.
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