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.

Type
Public
HQ
Southern Pines, US
Founded
1935
Size (employees)
100 (est)
First Bank was founded in 1935 and is headquartered in Southern Pines, US
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First Bank Office Locations

First Bank has offices in Greensboro, Burlington, Whiteville, Troy and in 64 other locations
Southern Pines, US (HQ)
300 SW Broad St
Aberdeen, US
105 S Sandhills Blvd
Albemarle, US
2317 US-52
Albemarle, US
1910 E Main St
Angier, US
415 N Raleigh St
Apex, US
402 E Williams St
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First Bank Financials and Metrics

First Bank Financials

First Bank's revenue was reported to be $156.54 m in FY, 2016 which is a 7.6% increase from the previous period.
USD

Revenue (Q1, 2018)

71 m

Gross profit (Q1, 2018)

66.4 m

Gross profit margin (Q1, 2018), %

93.6%

EBIT (Q1, 2018)

54.2 m

Market capitalization (25-May-2018)

255.8 m

Closing share price (25-May-2018)

13.8

Cash (31-Mar-2018)

526.7 m
First Bank's current market capitalization is $255.8 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

154.2 m145.4 m156.5 m

Revenue growth, %

(6%)8%

Cost of goods sold

12.7 m

EBIT

164 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

158.3 m168.6 m169.3 m166.7 m169.7 m153.5 m167.9 m71 m

Cost of goods sold

25.2 m24.9 m26.2 m26.7 m25.4 m22.7 m23.5 m4.6 m

Gross profit

133.1 m143.7 m143.1 m140 m144.3 m130.8 m144.5 m66.4 m

Gross profit Margin, %

84%85%85%84%85%85%86%94%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

223.3 m253.1 m267.3 m306 m489.5 m

Accounts Receivable

9.2 m9.3 m

Inventories

4 b

PP&E

77.4 m75.1 m74.6 m75.4 m116.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

244.5 m462.9 m742.3 m813.7 m617.8 m518.8 m414 m422.2 m408.8 m526.7 m

Inventories

4.1 b

PP&E

75.6 m164.6 m162.7 m159.2 m155.6 m154.2 m148.3 m146.6 m115.5 m

Goodwill

65.8 m65.8 m65.8 m67.5 m73.5 m75.4 m142.9 m144.7 m231.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(164.5 m)392.3 m27 m27.5 m46 m

Depreciation and Amortization

21.1 m17.6 m

Inventories

Accounts Payable

129.2 m115.2 m(101 k)(4 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

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 m20.7 m

Depreciation and Amortization

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

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)

Cash From Operating Activities

8.5 m36.9 m3.1 m132.7 m199.1 m54.3 m82.2 m119.1 m84.8 m131.6 m5.4 m
USDY, 2018

Financial Leverage

8 x
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First Bank Operating Metrics

First Bank's Total Loans was reported to be $3.4b in Q2, 2017.
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First Bank News and Updates

BRIEF-Heartland Financial USA Announces Plan To Acquire First Bank Lubbock Bancshares In Texas

* HEARTLAND FINANCIAL USA, INC. ANNOUNCES PLAN TO ACQUIRE FIRST BANK LUBBOCK BANCSHARES, INC. IN TEXAS
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