FIRST BANCORP
At today's price, FIRST BANCORP (FBNC) is priced for 13.2% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
First Bancorp trades at about 1.5x book at $60.83, which prices a 12.5% return on equity sustained for roughly 26 years against a recently-earned figure near 6.7%; the inversion classifies the priced-in assumption as elevated, above what fundamentals comfortably support. The valuation families disagree pointedly: the asset, earnings-power, and peer-multiple frames all read the stock as richly valued, and only the growth-DCF reaches the price, so the case rests entirely on durable compounding th
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229 institutional managers reported holding FBNC in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 54%. 28 opened new positions that quarter. Held by BlackRock, FMR (Fidelity), Vanguard Group, among others. On the short side, 2.0M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (10.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FBNC's share count grew 45.6% over the past five years even with $6.14M spent on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 2 years straight; the current rate is $0.91 a share annually. Cash returned over the past three years: $101.14M in dividends and $6.14M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FBNC over the trailing three years: 2023: 4 buys totaling $76k; 2024: 2 buys totaling $35k; 2025: 4 buys totaling $242k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FBNC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | -0.1% | -12.9% |
| 2023-11-08 | +8.2% | +19.6% |
| 2024-02-29 | -1.9% | -6.9% |
| 2024-05-09 | +0.3% | +10.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FBNC's latest 8-K filings: 2026-07-14 (items 1.01, 8.01, 9.01); 2026-06-12 (items 8.01, 9.01); 2026-04-29 (items 5.07); 2026-04-28 (items 5.02, 9.01); 2026-04-22 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.