* First Bancorp (North Carolina) reported quarterly adjusted earnings of 70 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 73 cents. The mean expectation of three analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 68 cents to 73 cents per share.

* Revenue fell 17.5% to $82.42 million from a year ago; analysts expected $97.86 million.

* First Bancorp (North Carolina)'s reported EPS for the quarter was 45 cents​.

* The company reported quarterly net income of $18.68 million.

* First Bancorp (North Carolina) shares had risen by 1.7% this quarter and gained 14.3% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 5.8% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "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 47.63 This summary was machine generated from LSEG data October 24 at 03:11 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.70 0.70 Met

Jun. 30 2024 0.60 0.70 Beat

Mar. 31 2024 0.63 0.61 Missed

Dec. 31 2023 0.65 0.72 Beat