First Bancorp (North Carolina) reports results for the quarter ended March 31 - Earnings Summary

• First Bancorp (North Carolina) FBNC.OQ reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of four analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 74 cents to 83 cents per share.

• Revenue rose 14.8% to $105.79 million from a year ago; analysts expected $105.37 million.

• First Bancorp (North Carolina)'s reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $36.41 million.

• First Bancorp (North Carolina) shares had fallen by 4.6% this quarter and lost 12.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for First Bancorp (North Carolina) is $49.00

This summary was machine generated from LSEG data April 23 at 09:05 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)