OverviewSuggest Edit

First Bancorp is the bank holding company for First Bank. The Bank is engaged in a full range of banking activities, with the acceptance of deposits and the making of loans being our most basic activities. First Bank offers deposit products such as checking, savings, and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts. The Bank provides loans for a wide range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement, and automobiles. First Bank offers SBA loans to small business owners across the nation. It also offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.

TypePublic
Founded1935
Websitelocalfirstbank.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Dec 2018)1,054(-5%)
Job Openings22
Revenue (FY, 2020)$81.3 M(+37%)
Share Price (Jul 2021)$13.3
Cybersecurity ratingAMore

Key People/Management at First Bank

Eric Credle

Eric Credle

CFO
James Crawford

James Crawford

Chairman
Michael Mayer

Michael Mayer

CEO & President
Michael G. Mayer

Michael G. Mayer

CEO & President
Don Allred

Don Allred

Retired President and Former Owner
Eric P. Credle

Eric P. Credle

EVP & Chief Financial Officer
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First Bank Office Locations

First Bank has offices in Aberdeen, Albemarle, Angier, Apex and in 71 other locations
Aberdeen, NC, US
105 S Sandhills Blvd
Albemarle, NC, US
173 N 2nd St
Albemarle, NC, US
1910 E Main St
Albemarle, NC, US
2317 US-52
Albemarle, NC, US
2510 US-52
Albemarle, NC, US
602 W Main St
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First Bank Financials and Metrics

First Bank Revenue

First Bank's revenue was reported to be $81.35 m in FY, 2020
USD

Revenue (Q1, 2021)

20.7m

Net income (Q1, 2021)

28.2m

Market capitalization (30-Jul-2021)

262.5m

Closing stock price (30-Jul-2021)

13.3

Cash (31-Mar-2021)

71.2m

EV

269.9m
First Bank's current market capitalization is $262.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

26.2m1.4m23.5m14.4m18.8m25.6m218.9m61.8m59.5m81.3m

Revenue growth, %

(6%)8%

Operating expense total

32.2m31.3m29.5m30.0m29.5m30.7m37.5m41.9m39.1m40.3m

Depreciation and amortization

860.0k777.0k722.0k1.2m4.2m6.8m4.9m4.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

5.1m3.5m5.3m1.8m2.8m7.1m4.5m5.6m298.0k5.0m4.6m4.5m36.3m3.5m5.0m39.3m37.4m49.2m11.9m12.4m15.9m16.1m15.4m14.6m16.0m15.6m13.7m26.2m20.7m

Cost of goods sold

1.7m1.8m1.9m

Gross profit

34.6m37.5m35.5m

Gross profit Margin, %

95%95%95%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

216.2m241.5m223.3m253.1m267.3m306.0m489.5m462.9m64.5m

Accounts Receivable

2.4b9.3m

Inventories

PP&E

70.0m74.4m77.4m75.1m74.6m75.4m116.2m119.0m114.9m
USDQ2, 2011

Financial Leverage

9.5 x
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First Bank Operating Metrics

First Bank's Total Loans was reported to be $3.4b in Q2, 2017.
Show all operating metrics

First Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

First Bank Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

First Bank Online and Social Media Presence

Embed Graph

First Bank News and Updates

First Bank Reports Second Quarter 2021 Net Income of $8.9 Million

Net Income of $18.6 Million for First Six Months of 2021 Net Income of $18.6 Million for First Six Months of 2021

Idaho First Bank Announces Holding Company Reorganization and Formation of Peak Bancorp, Inc.

MCCALL, Idaho, July 23, 2021 (GLOBE NEWSWIRE) -- Today, Idaho First Bank (the ‘Bank’) and Peak Bancorp, Inc. (the ‘Corporation’) (OTCPINK: IDFB) announced they have consummated their share exchange whereby the Corporation, an Idaho corporation created by the Bank’s Board of Directors, became the B…

Climate First Bank Welcomes Four New Millennial Additions to Marketing and Banking Teams

The values-based bank brings on promising young talent eager to enact lasting change The values-based bank brings on promising young talent eager to enact lasting change

Climate First Bank Unveils Specialized Solar Energy Loan Programs

Values-based community bank to offer the United States’ leading solar energy loan products Values-based community bank to offer the United States’ leading solar energy loan products

First Bank Announces Second Quarter 2021 Earnings Conference Call

HAMILTON, N.J., July 01, 2021 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ended June 30, 2021.

Idaho First Bank Announces Spring Alexander as Compliance and Operations Officer

BOISE, Idaho, June 22, 2021 (GLOBE NEWSWIRE) -- Idaho First Bank (the “Bank”) (OTC: IDFB) announces Spring Alexander as the new Compliance and Operations Officer. Spring will be located in the Boise location where she will oversee the Compliance and Operations departments while working closely wit…
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First Bank Frequently Asked Questions

  • When was First Bank founded?

    First Bank was founded in 1935.

  • Who are First Bank key executives?

    First Bank's key executives are Eric Credle, James Crawford and Michael Mayer.

  • How many employees does First Bank have?

    First Bank has 1,054 employees.

  • What is First Bank revenue?

    Latest First Bank annual revenue is $81.3 m.

  • What is First Bank revenue per employee?

    Latest First Bank revenue per employee is $77.2 k.

  • Who are First Bank competitors?

    Competitors of First Bank include Punjab National Bank, Bank of Baroda and Agricultural Bank of China.

  • Where are First Bank offices?

    First Bank has offices in Aberdeen, Albemarle, Angier, Apex and in 71 other locations.

  • How many offices does First Bank have?

    First Bank has 109 offices.