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Side-by-side financial comparison of FIRST BANCORP (FBNC) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.
FIRST BANCORP is the larger business by last-quarter revenue ($89.6M vs $88.2M, roughly 1.0× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 22.7%, a 4.1% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -7.3%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $48.2M).
First Bancorp is an American bank holding company headquartered in Southern Pines, North Carolina, that operates as First Bank in North Carolina and South Carolina.
First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.
FBNC vs FMBH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.6M | $88.2M |
| Net Profit | $20.4M | $23.7M |
| Gross Margin | — | — |
| Operating Margin | 29.0% | 34.0% |
| Net Margin | 22.7% | 26.8% |
| Revenue YoY | -7.3% | 3.4% |
| Net Profit YoY | 9.0% | 23.5% |
| EPS (diluted) | $0.49 | $0.98 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $88.2M | ||
| Q3 25 | $89.6M | $89.3M | ||
| Q2 25 | $111.0M | $87.5M | ||
| Q1 25 | $105.8M | $84.3M | ||
| Q4 24 | — | $85.3M | ||
| Q3 24 | $96.6M | $80.6M | ||
| Q2 24 | $95.7M | $79.2M | ||
| Q1 24 | $92.2M | $79.9M |
| Q4 25 | — | $23.7M | ||
| Q3 25 | $20.4M | $22.5M | ||
| Q2 25 | $38.6M | $23.4M | ||
| Q1 25 | $36.4M | $22.2M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | $18.7M | $19.5M | ||
| Q2 24 | $28.7M | $19.7M | ||
| Q1 24 | $25.3M | $20.5M |
| Q4 25 | — | 34.0% | ||
| Q3 25 | 29.0% | 32.2% | ||
| Q2 25 | 44.9% | 34.4% | ||
| Q1 25 | 44.2% | 33.4% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | 23.4% | 31.5% | ||
| Q2 24 | 38.5% | 33.7% | ||
| Q1 24 | 34.5% | 33.7% |
| Q4 25 | — | 26.8% | ||
| Q3 25 | 22.7% | 25.2% | ||
| Q2 25 | 34.7% | 26.8% | ||
| Q1 25 | 34.4% | 26.3% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | 19.3% | 24.2% | ||
| Q2 24 | 30.0% | 24.9% | ||
| Q1 24 | 27.4% | 25.6% |
| Q4 25 | — | $0.98 | ||
| Q3 25 | $0.49 | $0.94 | ||
| Q2 25 | $0.93 | $0.98 | ||
| Q1 25 | $0.88 | $0.93 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | $0.45 | $0.81 | ||
| Q2 24 | $0.70 | $0.82 | ||
| Q1 24 | $0.61 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $92.4M | $354.5M |
| Stockholders' EquityBook value | $1.6B | $958.7M |
| Total Assets | $12.8B | $8.0B |
| Debt / EquityLower = less leverage | 0.06× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $354.5M | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $92.2M | — | ||
| Q1 25 | $92.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $91.7M | — | ||
| Q2 24 | $91.5M | — | ||
| Q1 24 | $332.3M | — |
| Q4 25 | — | $958.7M | ||
| Q3 25 | $1.6B | $932.2M | ||
| Q2 25 | $1.6B | $894.1M | ||
| Q1 25 | $1.5B | $870.9M | ||
| Q4 24 | — | $846.4M | ||
| Q3 24 | $1.5B | $858.5M | ||
| Q2 24 | $1.4B | $813.6M | ||
| Q1 24 | $1.4B | $798.0M |
| Q4 25 | — | $8.0B | ||
| Q3 25 | $12.8B | $7.8B | ||
| Q2 25 | $12.6B | $7.7B | ||
| Q1 25 | $12.4B | $7.6B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $12.2B | $7.6B | ||
| Q2 24 | $12.1B | $7.6B | ||
| Q1 24 | $12.1B | $7.7B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.24× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $49.7M | $130.9M |
| Free Cash FlowOCF − Capex | $48.2M | $124.0M |
| FCF MarginFCF / Revenue | 53.8% | 140.6% |
| Capex IntensityCapex / Revenue | 1.6% | 7.8% |
| Cash ConversionOCF / Net Profit | 2.44× | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $182.9M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.9M | ||
| Q3 25 | $49.7M | $33.0M | ||
| Q2 25 | $45.7M | $7.7M | ||
| Q1 25 | $52.6M | $47.9M | ||
| Q4 24 | — | $124.4M | ||
| Q3 24 | $38.4M | $33.1M | ||
| Q2 24 | $87.7M | $24.0M | ||
| Q1 24 | $-20.1M | $29.0M |
| Q4 25 | — | $124.0M | ||
| Q3 25 | $48.2M | $31.9M | ||
| Q2 25 | $44.3M | $6.0M | ||
| Q1 25 | $52.4M | $46.0M | ||
| Q4 24 | — | $119.5M | ||
| Q3 24 | $38.0M | $32.0M | ||
| Q2 24 | $87.6M | $22.9M | ||
| Q1 24 | $-21.7M | $27.6M |
| Q4 25 | — | 140.6% | ||
| Q3 25 | 53.8% | 35.8% | ||
| Q2 25 | 39.9% | 6.8% | ||
| Q1 25 | 49.5% | 54.5% | ||
| Q4 24 | — | 140.0% | ||
| Q3 24 | 39.3% | 39.7% | ||
| Q2 24 | 91.6% | 28.9% | ||
| Q1 24 | -23.6% | 34.5% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | 1.6% | 1.2% | ||
| Q2 25 | 1.2% | 2.0% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 0.5% | 1.4% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 1.8% | 1.9% |
| Q4 25 | — | 5.53× | ||
| Q3 25 | 2.44× | 1.47× | ||
| Q2 25 | 1.19× | 0.33× | ||
| Q1 25 | 1.44× | 2.16× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | 2.06× | 1.70× | ||
| Q2 24 | 3.06× | 1.21× | ||
| Q1 24 | -0.80× | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
