First Bancorp Q1 EPS $0.61 Misses $0.63 Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancorp (NASDAQ:FBNC) reported Q1 earnings of $0.61 per share, missing the consensus estimate of $0.63 by 3.17%. This represents a 64.86% increase over the same period last year's earnings of $0.37 per share.
April 24, 2024 | 8:53 pm
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First Bancorp reported Q1 earnings of $0.61 per share, missing estimates but showing significant year-over-year growth.
While FBNC missed the consensus earnings estimate, the significant year-over-year growth in earnings per share (64.86%) could mitigate negative investor sentiment. The miss is relatively small (3.17%), suggesting a potential neutral short-term impact on the stock price as investors weigh the earnings growth against the miss.
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