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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100