First Bancorp Q2 EPS $0.70 Beats $0.59 Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancorp (NASDAQ:FBNC) reported Q2 earnings per share (EPS) of $0.70, surpassing the analyst consensus estimate of $0.59 by 18.64%. This represents a 1.41% decrease from the $0.71 EPS reported in the same period last year.
July 24, 2024 | 8:24 pm
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First Bancorp (NASDAQ:FBNC) reported Q2 EPS of $0.70, beating the analyst estimate of $0.59 by 18.64%. Despite this, the EPS is a slight decrease from last year's $0.71.
The significant beat on analyst estimates is likely to have a positive short-term impact on FBNC's stock price, even though the EPS is slightly lower than the same period last year. Investors often react positively to earnings beats.
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