Split History
FBNC split history picture
First Bancorp (FBNC) has 3 splits in our FBNC split history database. The first split for FBNC took place on September 16, 1996. This was a 2 for 1 split, meaning for each share of FBNC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FBNC's second split took place on September 14, 1999. This was a 3 for 2 split, meaning for each 2 shares of FBNC owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. FBNC's third split took place on November 16, 2004. This was a 3 for 2 split, meaning for each 2 shares of FBNC owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split.

When a company such as First Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the FBNC split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Bancorp shares, starting with a $10,000 purchase of FBNC, presented on a split-history-adjusted basis factoring in the complete FBNC split history. FBNC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 04/01/2014
End date: 03/28/2024
Start price/share: $19.10
End price/share: $36.12
Starting shares: 523.56
Ending shares: 630.55
Dividends reinvested/share: $5.64
Total return: 127.76%
Average Annual Total Return: 8.58%
Starting investment: $10,000.00
Ending investment: $22,771.96
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/01/2014
End date: 03/28/2024
Start price/share: $19.10
End price/share: $36.12
Dividends collected/share: $5.64
Total return: 118.64%
Average Annual Total Return: 8.14%
Starting investment: $10,000.00
Ending investment: $21,866.06
Years: 10.00
First Bancorp is a bank holding company. Through its subsidiary, First Bank, Co. is engaged in a range of banking activities. Co. provides deposit products such as checking, savings, and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts. Co. provides loans for a range of consumer and commercial purposes, including loans for business, real estate, personal uses, home improvement, and automobiles. Co. provides residential mortgages through its Mortgage Banking Division, and Co. provides Small Business Administration (SBA) loans to small business owners across the nation through its SBA Lending Division. According to our FBNC split history records, First Bancorp has had 3 splits.
Date Ratio
09/16/19962 for 1
09/14/19993 for 2
11/16/20043 for 2
FBNC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

FBP Split History
FBRC Split History
FBSS Split History
FCAP Split History
FCBC Split History
FCCO Split History
FCCY Split History
FCF Split History
FCG Split History
FCZA Split History

Also explore: FBNC shares outstanding history

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