First Bank

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.
In addition, First Bank offers internet banking, mobile banking, cash management and bank-by-phone capabilities to our customers, and are affiliated with ATM networks that give our customers access to thousands of ATMs across the country, with no surcharge fee. The Bank also offers a mobile check deposit feature for our mobile banking customers that allows them to securely deposit checks via their smartphone. For its business customers, the Bank offers remote deposit capture, which provides them with a method to electronically transmit checks received from customers into their bank account without having to visit a branch.

Type
Public
HQ
Southern Pines, US
Founded
1935
First Bank was founded in 1935 and is headquartered in Southern Pines, US

First Bank Office Locations

First Bank has offices in Southern Pines, Aberdeen, Albemarle, Spring Lake and in 62 other locations
Southern Pines, US (HQ)
300 SW Broad St
Winston-Salem, US
5610 University Pkwy
Winston-Salem, US
5002 Peters Creek Pkwy
Winston-Salem, US
401 Knollwood St
Winston-Salem, US
312 Jonestown Rd
Wilmington, US
201 Market St
Show all (91)

First Bank Financials and Metrics

First Bank Financials

First Bank's revenue was reported to be $156.5 m in FY, 2016
USD

Net income (Q3, 2017)

13.1 m

EBIT (Q3, 2017)

41.6 m

Market capitalization (31-Oct-2017)

193.7 m

Closing share price (31-Oct-2017)

12.5

Cash (30-Sep-2017)

408.8 m
First Bank's current market capitalization is $193.7 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

154.2 m145.4 m156.5 m

Revenue growth, %

(6%)8%

Net Income

25 m27 m27.5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

158.3 m168.6 m169.3 m166.7 m169.7 m153.5 m167.9 m

Cost of goods sold

25.2 m24.9 m26.2 m26.7 m25.4 m22.7 m23.5 m

Gross profit

133.1 m143.7 m143.1 m140 m144.3 m130.8 m144.5 m

Gross profit Margin, %

84%85%85%84%85%85%86%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

223.3 m253.1 m267.3 m306 m

Accounts Receivable

9.2 m9.3 m

PP&E

77.4 m75.1 m74.6 m75.4 m

Goodwill

65.8 m65.8 m65.8 m75 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

244.5 m462.9 m742.3 m813.7 m617.8 m518.8 m414 m422.2 m408.8 m

PP&E

75.6 m164.6 m162.7 m159.2 m155.6 m154.2 m148.3 m146.6 m

Goodwill

65.8 m65.8 m65.8 m67.5 m73.5 m75.4 m142.9 m144.7 m

Total Assets

3.2 b12.6 b12.8 b12.7 b12.5 b12.1 b11.9 b11.9 b4.6 b
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    (164.5 m)392.3 m27 m27.5 m

    Depreciation and Amortization

    21.1 m17.6 m

    Accounts Receivable

    (246 k)(120 k)

    Accounts Payable

    129.2 m115.2 m(101 k)(4 k)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    12.3 m23.2 m25.6 m(34.1 m)6.3 m23.3 m45.3 m69.4 m25.5 m53.5 m13.1 m

    Depreciation and Amortization

    10.6 m15.9 m4.6 m9 m13.4 m4.1 m8.2 m

    Accounts Receivable

    (214 k)(88 k)14 k381 k

    Accounts Payable

    127.3 m128.9 m134.5 m159 m144.2 m1.7 m3.3 m2.3 m(26.6 m)(20 k)(112 k)
      Y, 2017

      Financial Leverage

      9 x
      Show all financial metrics

      First Bank Operating Metrics

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

      First Bank Market Value History

      First Bank's Web-traffic and Trends

      First Bank Online and Social Media Presence

      First Bank Company Life and Culture

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