The YouTuber suggests First Bancorp as a promising bank stock, benefiting from rising interest rates. As the largest community bank in North Carolina, it demonstrates strong profitability with a return on tangible common equity of 19.4%, rivaling larger banks. Its recent acquisition further expands its asset base, positioning it for stronger future growth.
“First Bancor is a small bank at just 10 and a half billion dollars in assets with 108 branches in North and South Carolina that still makes it the largest Community Bank in North Carolina and one of the top 20 public Banks according to s p Global Market intelligence.”