First Bancorp (FBNC) to Report Q2 Results: Wall Street Expects Earnings Growth

Company Overview - First Bancorp (FBNC) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.88, reflecting a +25.7% change, and revenues of $108.33 million, up 13.2% from the previous year [3][12] Earnings Expectations - The earnings report is anticipated to influence the stock price significantly, with potential upward movement if results exceed expectations, while a miss could lead to a decline [2][15] - The consensus EPS estimate has been revised 0.73% lower in the last 30 days, indicating a reassessment by analysts [4][12] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for First Bancorp is lower than the consensus estimate, resulting in an Earnings ESP of -0.38%, suggesting a bearish outlook [12] - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12][17] Historical Performance - First Bancorp has a history of beating consensus EPS estimates, having surpassed expectations in the last four quarters, including a +7.69% surprise in the most recent quarter [13][14] Industry Comparison - Veritex Holdings (VBTX), another player in the Southeast banking industry, is expected to report an EPS of $0.55, reflecting a +5.8% year-over-year change, with revenues projected at $109.9 million, up 2.9% [18][19] - Veritex Holdings has a positive Earnings ESP of +1.21% and a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [19][20]