First Bancorp Q4 EPS $0.72 Beats $0.65 Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancorp (NASDAQ:FBNC) reported Q4 earnings of $0.72 per share, surpassing the consensus estimate of $0.65 by 10.77%. However, this represents a 33.33% decrease from the $1.08 per share earned in the same quarter the previous year.
January 24, 2024 | 9:26 pm
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First Bancorp's Q4 earnings exceeded expectations but showed a significant year-over-year decline.
While the earnings beat may provide a short-term positive sentiment, the substantial year-over-year decline could raise concerns about the company's growth trajectory and profitability, potentially leading to a neutral short-term impact on the stock price.
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