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 Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)1,054(-5%)
Revenue (FY, 2020)$81.3 M(+37%)
Share Price (Mar 2021)$11.5 (+9%)
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 70 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 (FY, 2020)

81.3m

Net income (FY, 2020)

81.5m

Market capitalization (1-Mar-2021)

225.9m

Closing stock price (1-Mar-2021)

11.5

Cash (30-Jun-2020)

94.7m

EV

262.6m
First Bank's current market capitalization is $225.9 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, 2020

Revenue

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

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.
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First Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

First Bank Online and Social Media Presence

Embed Graph

First Bank News and Updates

Climate First Bank (In Organization) Appoints Bay Area Residents to Leadership Board

Seasoned financial professionals, Edmund O’Carroll and Brian Kruse, to drive the climate-focused bank’s strategic growth as part of inaugural management team Seasoned financial professionals, Edmund O’Carroll and Brian Kruse, to drive the climate-focused bank’s strategic growth as part of inaugural …

First Bank Reports Fourth Quarter 2020 Net Income of $6.2 Million

Full Year 2020 Net Income of $19.4 Million

First Bank & Trust Company Opens Full-Service Office in Hanover, VA

HANOVER, Va., Jan. 15, 2021 /PRNewswire/ -- First Bank & Trust Company, a diversified financial services firm with $2.3 Billion in assets, today announced the opening of its newest full-service office in Hanover, Virginia. The Hanover location marks the bank's 24th full-service location....

First Bank Announces Fourth Quarter 2020 Earnings Conference Call

HAMILTON, N.J., Dec. 29, 2020 (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 fourth quarter ended December 31, 2020.

Climate First Bank (In Organization) Announces Flagship Location in St. Petersburg, Fla.

Values-based bank executes new lease and looks to serve Bay Area community in 2021

Idaho First Bank Announces Opening Of Full-Service Branch in Nampa

NAMPA, Idaho, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Idaho First Bank (the “Bank”) (OTC: IDFB) is pleased to announce the opening of a new full-service branch located in Nampa, Idaho. The Nampa location serves as the sixth full-service branch of Idaho First Bank, which celebrated its 15th anniversary i…
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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 Community West Bancshares, Magyar Bank and Lake Shore Savings.

  • Where are First Bank offices?

    First Bank has offices in Aberdeen, Albemarle, Angier, Apex and in 70 other locations.

  • How many offices does First Bank have?

    First Bank has 107 offices.