First Historical Income Statement

FBNC Stock

USD 41.51 0.99 2.44%

Historical analysis of First Bancorp income statement accounts such as EBITDA of 8.7 M or Total Operating Expenses of 367.7 M can show how well First Bancorp performed in making a profits. Evaluating First Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Bancorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining First Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

About First Income Statement Analysis

First Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Bancorp shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First Bancorp Income Statement Chart

At present, First Bancorp's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 367.7 M, whereas Operating Income is projected to grow to (287.8 M).

Other Operating Expenses Selling General Administrative Total Revenue Gross Profit

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Bancorp. It is also known as First Bancorp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Revenue

Total revenue comprises all receipts First Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of First Bancorp minus its cost of goods sold. It is profit before First Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from First Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade First Stock refer to our How to Trade First Stock guide.At present, First Bancorp's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 367.7 M, whereas Operating Income is projected to grow to (287.8 M).

	2022	2023	2024	2025 (projected)
Gross Profit	392.8M	546.2M	519.2M	545.2M
Total Revenue	392.8M	546.2M	519.2M	545.2M

Gross Profit Total Revenue

First Bancorp income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Net Income From Continuing Ops	Selling And Marketing Expenses	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.88	-0.72	-0.51	-0.42	0.91	0.35	0.29	0.74	0.76	0.85	0.85	0.34	0.86	-0.51	0.29	0.72	0.56	0.34	0.66	0.78	0.67	-0.53
Other Operating Expenses	0.88		-0.42	-0.29	-0.18	0.7	0.56	0.44	0.84	0.92	0.95	0.95	0.53	0.61	-0.68	0.5	0.78	0.69	0.56	0.82	0.86	0.55	-0.69
Operating Income	-0.72	-0.42		0.68	0.63	-0.64	0.21	0.21	-0.22	-0.23	-0.34	-0.34	0.22	-0.89	0.03	0.27	-0.22	-0.12	0.2	-0.11	-0.27	-0.38	0.04
Ebit	-0.51	-0.29	0.68		0.99	-0.66	0.57	0.58	0.09	0.08	-0.06	-0.06	0.58	-0.45	-0.3	0.6	0.04	0.3	0.52	0.15	-0.07	-0.52	-0.33
Ebitda	-0.42	-0.18	0.63	0.99		-0.59	0.66	0.66	0.21	0.19	0.05	0.05	0.67	-0.38	-0.39	0.68	0.14	0.4	0.6	0.26	0.03	-0.46	-0.43
Total Operating Expenses	0.91	0.7	-0.64	-0.66	-0.59		0.15	0.15	0.53	0.53	0.66	0.66	0.15	0.7	-0.29	0.11	0.56	0.31	0.14	0.49	0.65	0.68	-0.28
Net Income	0.35	0.56	0.21	0.57	0.66	0.15		0.92	0.82	0.8	0.74	0.74	1.0	0.17	-0.88	0.99	0.75	0.84	0.94	0.87	0.72	0.09	-0.89
Income Tax Expense	0.29	0.44	0.21	0.58	0.66	0.15	0.92		0.72	0.72	0.64	0.64	0.95	0.16	-0.79	0.91	0.66	0.74	0.8	0.72	0.61	0.07	-0.71
Depreciation And Amortization	0.74	0.84	-0.22	0.09	0.21	0.53	0.82	0.72		0.94	0.92	0.92	0.81	0.54	-0.85	0.79	0.91	0.94	0.78	0.91	0.88	0.47	-0.88
Selling General Administrative	0.76	0.92	-0.23	0.08	0.19	0.53	0.8	0.72	0.94		0.98	0.98	0.79	0.53	-0.82	0.75	0.86	0.87	0.77	0.9	0.88	0.42	-0.84
Total Revenue	0.85	0.95	-0.34	-0.06	0.05	0.66	0.74	0.64	0.92	0.98		1.0	0.73	0.6	-0.79	0.69	0.85	0.81	0.72	0.91	0.91	0.46	-0.81
Gross Profit	0.85	0.95	-0.34	-0.06	0.05	0.66	0.74	0.64	0.92	0.98	1.0		0.73	0.6	-0.79	0.69	0.85	0.81	0.72	0.91	0.91	0.46	-0.81
Income Before Tax	0.34	0.53	0.22	0.58	0.67	0.15	1.0	0.95	0.81	0.79	0.73	0.73		0.17	-0.87	0.99	0.74	0.83	0.92	0.85	0.71	0.08	-0.86
Total Other Income Expense Net	0.86	0.61	-0.89	-0.45	-0.38	0.7	0.17	0.16	0.54	0.53	0.6	0.6	0.17		-0.37	0.11	0.52	0.44	0.15	0.4	0.52	0.5	-0.38
Cost Of Revenue	-0.51	-0.68	0.03	-0.3	-0.39	-0.29	-0.88	-0.79	-0.85	-0.82	-0.79	-0.79	-0.87	-0.37		-0.87	-0.75	-0.83	-0.78	-0.86	-0.78	-0.24	0.9
Net Income From Continuing Ops	0.29	0.5	0.27	0.6	0.68	0.11	0.99	0.91	0.79	0.75	0.69	0.69	0.99	0.11	-0.87		0.74	0.82	0.93	0.86	0.72	0.07	-0.87
Selling And Marketing Expenses	0.72	0.78	-0.22	0.04	0.14	0.56	0.75	0.66	0.91	0.86	0.85	0.85	0.74	0.52	-0.75	0.74		0.83	0.7	0.91	0.95	0.56	-0.79
Non Recurring	0.56	0.69	-0.12	0.3	0.4	0.31	0.84	0.74	0.94	0.87	0.81	0.81	0.83	0.44	-0.83	0.82	0.83		0.82	0.84	0.77	0.31	-0.89
Tax Provision	0.34	0.56	0.2	0.52	0.6	0.14	0.94	0.8	0.78	0.77	0.72	0.72	0.92	0.15	-0.78	0.93	0.7	0.82		0.86	0.7	-0.01	-0.81
Net Interest Income	0.66	0.82	-0.11	0.15	0.26	0.49	0.87	0.72	0.91	0.9	0.91	0.91	0.85	0.4	-0.86	0.86	0.91	0.84	0.86		0.96	0.35	-0.88
Interest Income	0.78	0.86	-0.27	-0.07	0.03	0.65	0.72	0.61	0.88	0.88	0.91	0.91	0.71	0.52	-0.78	0.72	0.95	0.77	0.7	0.96		0.54	-0.79
Reconciled Depreciation	0.67	0.55	-0.38	-0.52	-0.46	0.68	0.09	0.07	0.47	0.42	0.46	0.46	0.08	0.5	-0.24	0.07	0.56	0.31	-0.01	0.35	0.54		-0.31
Extraordinary Items	-0.53	-0.69	0.04	-0.33	-0.43	-0.28	-0.89	-0.71	-0.88	-0.84	-0.81	-0.81	-0.86	-0.38	0.9	-0.87	-0.79	-0.89	-0.81	-0.88	-0.79	-0.31

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First Bancorp Account Relationship Matchups

First Bancorp income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	19.6M	9.5M	16.1M	142.1M	187.0M	196.3M
Other Operating Expenses	196.3M	199.7M	191.5M	404.3M	350.2M	367.7M
Operating Income	103.1M	120.3M	201.3M	145.7M	(303.0M)	(287.8M)
Ebit	104.9M	122.6M	188.0M	(9.9M)	(11.3M)	(10.8M)
Ebitda	116.7M	134.2M	200.5M	8.0M	9.2M	8.7M
Total Operating Expenses	(196.3M)	(199.7M)	(191.5M)	404.3M	350.2M	367.7M
Net Income	81.5M	95.6M	146.9M	104.1M	76.2M	80.0M
Income Tax Expense	21.7M	24.7M	38.3M	27.8M	21.9M	23.0M
Depreciation And Amortization	11.8M	11.7M	12.5M	19.2M	17.9M	18.8M
Selling General Administrative	101.0M	103.2M	117.7M	149.1M	140.0M	147.0M
Total Revenue	299.5M	320.0M	392.8M	546.2M	519.2M	545.2M
Gross Profit	299.5M	320.0M	392.8M	546.2M	519.2M	545.2M
Income Before Tax	103.1M	120.3M	185.2M	132.0M	98.1M	103.0M
Total Other Income Expense Net	(42.5M)	(62.8M)	(48.1M)	(13.7M)	401.1M	421.1M
Net Income Applicable To Common Shares	92.0M	81.5M	95.6M	146.2M	168.1M	176.5M
Net Income From Continuing Ops	81.5M	95.6M	146.9M	104.1M	76.2M	64.6M
Selling And Marketing Expenses	2.3M	2.6M	3.0M	4.1M	4.7M	2.8M
Tax Provision	21.7M	24.7M	38.3M	27.8M	21.9M	25.7M
Net Interest Income	218.1M	246.4M	324.9M	346.7M	332.3M	253.0M
Interest Income	237.7M	255.9M	341.0M	488.8M	519.2M	303.5M
Reconciled Depreciation	13.6M	3.5M	3.7M	19.2M	17.9M	13.0M

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When determining whether First Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Bancorp Stock:

How To Invest In First

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Is First Stock a good investment?

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What is First Bancorp's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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For information on how to trade First Stock refer to our How to Trade First Stock guide.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Bancorp. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.88)

Dividend Share

0.88

Earnings Share

1.84

Revenue Per Share

8.135

Quarterly Revenue Growth

(0.31)

The market value of First Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Historical Income Statement

About First Income Statement Analysis

First Bancorp Income Statement Chart

Other Operating Expenses

Total Revenue

Gross Profit

First Bancorp income statement Correlations

First Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Bancorp income statement Accounts

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COMMON DESTINATIONS

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Income Before Tax	+ 1.0	Net Income
Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 0.99	Ebit
Net Income From Continuing Ops	+ 0.99	Net Income
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Total Revenue	+ 0.98	Selling General Administrative

Extraordinary Items	- 0.89	Non Recurring
Extraordinary Items	- 0.89	Net Income
Total Other Income Expense Net	- 0.89	Operating Income
Extraordinary Items	- 0.88	Net Interest Income
Extraordinary Items	- 0.88	Depreciation And Amortization
Cost Of Revenue	- 0.88	Net Income