NASDAQ$FBNC
First Bancorp/Southern Pines NC · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
First Bancorp reported third quarter results with net income decreasing slightly compared to the previous quarter but remaining strong.
First Bancorp reported a net income of $29.9 million, or $0.73 per diluted common share, for the third quarter of 2023. The company saw growth in loans and total market deposits, and maintained strong credit quality and capital ratios. However, net interest income decreased slightly due to rising deposit rates.
- Loans totaled $8.0 billion, with quarterly growth of $129.4 million, an annualized growth rate of 6.5%.
- Total market deposits grew $66.7 million for the quarter, an annualized growth rate of 2.6%.
- Nonperforming assets to total assets ratio decreased to 0.32%.
- Total common equity tier 1 ratio was 12.93% and total risk-based capital ratio was 15.26%.
Headline financials
Revenue & EPS history
First Bancorp · Revenue · Quarterly
$99.9M
Forward guidance
The Company is confident about its ability to stay well-positioned for the remainder of the year and into next year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.8%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+3.9%
Avg return
30 days after
50%
33 / 66 earnings
Positive
+15.4%
Q1 2020
Best reaction
-7.8%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | +3.3% | +1.4% | |
| Q4 2025 | +0.5% | -6.3% | +2.9% | |
| Q3 2025 | -1.9% | +1.9% | +3.7% | |
| Q2 2025 | -1.2% | -1.1% | +4.4% | |
| Q1 2025 | +4.7% | +6.1% | +6.1% | |
| Q4 2024 | -0.8% | +1.7% | -4.5% | |
| Q3 2024 | -1.7% | +0.9% | +13.8% | |
| Q2 2024 | +11.3% | +5.5% | +8.3% | |
| Q1 2024 | -7.5% | -9.0% | -6.9% | |
| Q4 2023 | -1.9% | +3.0% | -3.4% | |
| Q3 2023 | +8.2% | +6.9% | +18.6% | |
| Q2 2023 | -0.4% | -3.6% | -14.1% | |
| Q1 2023 | -5.6% | -2.5% | -1.2% | |
| Q4 2022 | -2.6% | -2.8% | +0.9% | |
| Q3 2022 | +4.2% | +7.9% | +18.2% | |
| Q2 2022 | +2.4% | +0.7% | +1.0% | |
| Q1 2022 | +3.4% | -0.1% | +0.2% | |
| Q4 2021 | -4.0% | -4.3% | -2.3% | |
| Q3 2021 | -1.4% | +1.5% | +0.9% | |
| Q2 2021 | +2.9% | +3.4% | +5.7% | |
| Q1 2021 | -1.0% | -1.8% | +2.4% | |
| Q4 2020 | -1.9% | -4.8% | +12.9% | |
| Q3 2020 | -5.0% | -1.0% | +36.6% | |
| Q2 2020 | +2.8% | -3.1% | -8.8% | |
| Q1 2020 | +15.4% | +1.4% | +3.2% | |
| Q4 2019 | -4.7% | -4.9% | -3.0% | |
| Q3 2019 | -0.7% | +1.4% | +2.9% | |
| Q2 2019 | +4.3% | +5.2% | -0.5% | |
| Q1 2019 | +3.5% | +5.6% | -0.9% | |
| Q4 2018 | +3.0% | +4.4% | +9.3% | |
| Q3 2018 | -7.8% | -6.1% | +3.6% | |
| Q2 2018 | +2.7% | +0.3% | +2.6% | |
| Q1 2018 | +6.1% | +5.0% | +11.9% | |
| Q4 2017 | +0.7% | +1.9% | -4.4% | |
| Q3 2017 | +2.8% | +5.5% | +4.6% | |
| Q2 2017 | +3.1% | +1.2% | -0.9% | |
| Q1 2017 | -4.6% | -7.7% | -9.9% | |
| Q4 2016 | +2.3% | +0.7% | +6.3% | |
| Q3 2016 | -1.5% | -1.9% | +26.2% | |
| Q2 2016 | -0.1% | -0.1% | +7.3% | |
| Q1 2016 | -0.9% | — | — | |
| Q4 2015 | +1.6% | — | — | |
| Q3 2015 | +1.0% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | -4.6% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +3.0% | — | — | |
| Q2 2014 | -1.7% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | +0.2% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | -1.2% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q4 2010 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q3 2010 | -6.9% | — | — | |
| Q3 2011 | -6.9% | — | — | |
| Q2 2010 | +14.7% | — | — | |
| Q2 2011 | +14.7% | — | — | |
| Q1 2010 | +7.8% | — | — |
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