First Bancorp (FBNC) financial statements
First Bancorp reported revenue of $68M in fiscal 2025, down 8.4% a year over 9 years.
Net income was $111M.
Free cash flow was $199M, and the company returned $37M in dividends and $991,000 in net buybacks.
The diluted share count rose 100% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from First Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149M | $214M | $266M | $276M | $299M | $25M | $17M | $33M | $70M | $68M |
| Interest expense | $8M | $13M | $24M | $34M | $20M | $10M | $16M | $142M | — | — |
| Pre-tax income | $42M | $68M | $113M | $116M | $103M | $120M | $185M | $132M | $98M | $140M |
| Income tax | $15M | $22M | $24M | $24M | $22M | $25M | $38M | $28M | $22M | $28M |
| Net income | $28M | $46M | $89M | $92M | $81M | $96M | $147M | $104M | $76M | $111M |
| EPS (diluted) | $1.33 | $1.82 | $3.01 | $3.10 | $2.81 | $3.19 | $4.12 | $2.53 | $1.84 | $2.68 |
| Diluted shares | 21M | 25M | 30M | 30M | 29M | 30M | 36M | 41M | 41M | 41M |
| Net margin | 18.5% | 21.5% | 33.5% | 33.4% | 27.2% | 377.7% | 842.1% | 317.3% | 108.7% | 164.2% |
Balance sheet
Fiscal years, from First Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $306M | $489M | $463M | $231M | $367M | $461M | $270M | $238M | $508M | $310M |
| Property, plant and equipment | $75M | $116M | $119M | $115M | $121M | $136M | $134M | $151M | $143M | $139M |
| Goodwill | $75M | $233M | $234M | $234M | $239M | $364M | $364M | $479M | $479M | $479M |
| Total assets | $3.6B | $5.5B | $5.9B | $6.1B | $7.3B | $10.5B | $10.6B | $12.1B | $12.1B | $12.7B |
| Total liabilities | $3.2B | $4.9B | $5.1B | $5.3B | $6.4B | $9.3B | $9.6B | $10.7B | $10.7B | $11.0B |
| Shareholders' equity | $368M | $693M | $764M | $852M | $893M | $1.2B | $1.0B | $1.4B | $1.4B | $1.7B |
| Net debt | -$306M | -$489M | -$463M | -$231M | -$367M | -$461M | -$270M | -$238M | -$508M | -$310M |
Cash flow
Fiscal years, from First Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $41M | $27M | $46M | $51M | $58M | $142M | $231M | $131M | $175M | $203M |
| Capital spending | $9M | $5M | $11M | $4M | $12M | $9M | $5M | $4M | $3M | $4M |
| Free cash flow | $33M | $22M | $36M | $48M | $46M | $133M | $225M | $127M | $172M | $199M |
| Stock-based compensation | $714,000 | $1M | $2M | $2M | $3M | $2M | $3M | $5M | $5M | $4M |
| Dividends paid | $6M | $8M | $11M | $14M | $21M | $22M | $31M | $35M | $36M | $37M |
| Share buybacks (net) | — | $0 | $0 | -$10M | -$32M | -$4M | $0 | $0 | $0 | -$991,000 |
| Net borrowing | — | $97M | -$1M | -$106M | -$250M | -$6M | $220M | — | — | — |
| Free cash flow margin | 21.9% | 10.4% | 13.4% | 17.3% | 15.4% | 524.9% | 1291.6% | 386.9% | 245.5% | 294.1% |
| Dividends per share | $0.31 | $0.30 | $0.38 | $0.46 | $0.72 | $0.74 | $0.86 | $0.85 | $0.88 | $0.90 |
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Open FBNC in InvestinglyQuestions
What was First Bancorp's revenue in 2025?
$68M in fiscal 2025, from its 10-K filing.
How much free cash flow does First Bancorp generate?
$199M in fiscal 2025 (operating cash flow minus capital spending).
From First Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.