FBNC (First Bancorp) Tax Rate % : 48.37% (As of Dec. 2024)

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What is First Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First Bancorp's Tax Expense for the three months ended in Dec. 2024 was $3.3 Mil. First Bancorp's Pre-Tax Income for the three months ended in Dec. 2024 was $6.9 Mil. Therefore, First Bancorp's Tax Rate % for the quarter that ended in Dec. 2024 was 48.37%.

First Bancorp Tax Rate % Historical Data

The historical data trend for First Bancorp's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Bancorp Tax Rate % Chart

First Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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21.00

20.51

20.67

21.09

22.32

First Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															21.27	20.49	22.16	17.24	48.37

First Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

First Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	21.902	/	98.117
	=	22.32 %

First Bancorp's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	3.327	/	6.878
	=	48.37 %

First Bancorp Tax Rate % Related Terms

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First Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp (NAS:FBNC) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 SW Broad Street, Southern Pines, NC, USA, 28387

Website

https://www.localfirstbank.com

First Bancorp is a bank holding company. The company is engaged in providing commercial and consumer banking services, mortgage lending, SBA lending, accounts receivable financing, and investment advisory services.

Executives

Crawford James C Iii	director
Suzanne S Deferie	director, officer: Regional President	11 CHURCH STREET, ASHEVILLE NC 28801
J Randolph Potter	director	381 HALTON RD., GREENVILLE SC 29607
Mason Y Garrett	director	381 HALTON ROAD, GREENVILLE SC 29606
Mary Clara Capel	director	P.O. BOX 826, TROY NC 27371
Mclamb Carlie C Jr	director	C/O NEW CENTURY BANK 700 W CUMBERLAND ST, DUNN NC 28334
Elizabeth B Bostian	officer: Chief Financial Officer	2108 CARLISLE ROAD, GREENSBORO NC 27401
Richard H Moore	director	1917 LEWIS CIRCLE, RALEIGH NC 27608
Michael Goodwin Mayer	officer: President	300 SW BROAD STREET, SOUTHERN PINES NC 28387
Dexter V Perry	director	111 LYNDENBURY DRIVE, APEX NC 27502
John W Mccauley	director
Gregory A Currie	officer: Chief Banking Officer	204 ELMWOOD DR., GREENSBORO NC 27408
Frederick Leslie Taylor	director	1207 CEDAR CREEK ROAD, BISCOE NC 27209
Virginia C Thomasson	director
Thomas F Phillips	director