First Bancorp
FBNCFinancial Services · Stock · quarterly payer
Forward Yield
1.51%
Annual Dividend
$0.96
Payout Ratio
29%
5-Yr Growth
4.8%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, First Bancorp (FBNC) yields 1.51% ($0.96 per share annually), with a blended fair-value estimate of $105.56 — +67% upside, so it screens as undervalued. Dividend safety grade: A (90/100). 1 years of dividend growth.
Is FBNC a good dividend stock?
YesFirst Bancorp (FBNC) pays a quarterly dividend yielding 1.51% ($0.96/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (29%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 1.51%
- Payout Ratio
- 29%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- 4.8%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 0.82
- Market Cap
- $2.6B
- P/E Ratio
- 19.5
- 5-Yr Total Return
- 31%
- 52-Week Range
- $45.96 – $66.78
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
FBNC Price — Last 12 Months
Daily close
Price Return
1 Year
+31%
3 Years
+118%
5 Years
+31%
52-Week Range
$45.96 – $66.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FBNC worth?
Undervaluedlow confidenceOur blended fair-value estimate for First Bancorp is $105.56 per share, versus a market price of $63.38. That implies 67% of upside — a margin of safety of about 40%.
Fair Value
$105.56
Current Price
$63.38
Upside
+67%
Margin of Safety
40%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -4.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.4% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $3.22 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FBNC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.2400 | regular |
| Mar 31, 2026 | — | $0.2400 | regular |
| Dec 31, 2025 | — | $0.2300 | regular |
| Sep 30, 2025 | — | $0.2300 | regular |
| Jun 30, 2025 | — | $0.2300 | regular |
| Mar 31, 2025 | — | $0.2200 | regular |
| Dec 31, 2024 | — | $0.2200 | regular |
| Sep 30, 2024 | — | $0.2200 | regular |
| Jun 28, 2024 | — | $0.2200 | regular |
| Mar 27, 2024 | — | $0.2200 | regular |
| Dec 28, 2023 | — | $0.2200 | regular |
| Sep 28, 2023 | — | $0.2200 | regular |
| Jun 29, 2023 | — | $0.2200 | regular |
| Mar 30, 2023 | — | $0.2200 | regular |
Income Calculator
At $0.96 / yr per share
