First Bancorp stock gains 1.23 percent on October 2, 2026

Published on 10/04/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Bancorp stock gained 1.23 percent on October 2, 2026, while Q2 diluted EPS reached USD 1.22. Six analysts set a Moderate Buy consensus and a USD 68.94 target.

FBNC, US3189101062, Illustration mit AI erstellt.

First Bancorp stock (ISIN US3189101062) gained 1.23 percent to USD 62.33 on Nasdaq on October 2, 2026, with volume of 237,017 shares. The move leaves the stock below its USD 66.78 52-week high, while second-quarter earnings provide the stronger fundamental reference for investors.

Second-quarter earnings set the baseline

According to Stock Titan, First Bancorp reported USD 50.5 million of net income and USD 1.22 diluted EPS for Q2 2026, compared with USD 46.7 million and USD 1.13 in Q1 2026. The quarter also produced a 3.71 percent net interest margin and total assets of USD 13.0 billion as of June 30, 2026.

The sequential EPS comparison is the key operating signal: diluted earnings per share increased by USD 0.09 from Q1 to Q2. Net interest income reached USD 111.3 million, giving the regional bank a measurable earnings base as it expands across North Carolina and South Carolina.

Dividend adds a dated cash return

First Bancorp announced a quarterly cash dividend of USD 0.24 per share on September 15, 2026, payable on October 23, 2026, to shareholders of record as of September 30, 2026, according to MarketScreener. The payment schedule gives the stock a concrete near-term corporate date after the September 30 record date.

The company operates through First Bank, a community bank with 113 branches, and its common stock trades on the NASDAQ Global Select Market under FBNC, as stated on First Bancorp. Its banking footprint and USD 13.0 billion asset base make Q2 margin performance more relevant than a single session move.

Consensus target stands above the price

MarketBeat reports a Moderate Buy consensus from six analysts, with an average price target of USD 68.94, a high target of USD 75.00 and a low target of USD 65.00. The average target lies 10.6 percent above the October 2 price of USD 62.33, creating a clear valuation checkpoint without changing the stock's current market risk.

First Bancorp stock stays below yearly high

First Bancorp stock stood at USD 62.33 on Nasdaq at the October 2, 2026 close, with a 52-week range of USD 45.96 to USD 66.78 and a market capitalization of USD 2.6 billion. The combination of a positive session, higher Q2 EPS and a dated USD 0.24 dividend gives investors three concrete reference points for the shares.