First
First Bancorp (FBNC) got here out with quarterly earnings of $0.71 per share, lacking the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.80 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -8.97%. 1 / 4 in the past, it was anticipated that this financial institution holding firm for First Financial institution would submit earnings of $0.80 per share when it really produced earnings of $0.84, delivering a shock of 5%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
First Bancorp, which belongs to the Zacks Banks – Southeast business, posted revenues of $69.28 million for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 0.80%. This compares to year-ago revenues of $68.25 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The…