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First Bancorp (FBNC) Financials

First Bancorp logo
$61.78 +0.48 (+0.78%)
Closing price 06/12/2026 04:00 PM Eastern
Extended Trading
$61.79 +0.01 (+0.02%)
As of 06/12/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for First Bancorp

Annual Income Statements for First Bancorp

This table shows First Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 26 27 46 89 92 81 96 147 104 76 111
Consolidated Net Income / (Loss)		 27 28 46 89 92 81 96 147 104 76 111
Net Income / (Loss) Continuing Operations		 27 28 46 89 92 81 96 147 104 76 111
Total Pre-Tax Income 		41 42 68 113 116 103 120 185 132 98 140
Total Revenue		 139 149 214 266 276 299 320 393 404 350 390
Net Interest Income / (Expense)		 120 123 165 207 216 218 246 325 347 332 398
Total Interest Income		 127 131 177 231 250 238 256 341 489 519 557
Loans and Leases Interest Income		 118 121 164 209 221 213 219 278 419 441 462
Investment Securities Interest Income		 8.13 7.91 8.68 12 21 21 34 58 57 52 73
Federal Funds Sold and Securities Borrowed Interest Income		 0.66 1.76 4.96 10 8.44 3.43 2.43 5.01 13 26 22
Total Interest Expense		 6.91 7.61 13 24 34 20 9.52 16 142 187 159
Deposits Interest Expense		 5.32 5.17 7.54 14 25 16 7.88 11 115 172 153
Long-Term Debt Interest Expense		 1.59 2.44 5.13 9.29 8.85 3.26 1.64 4.75 27 15 6.47
Total Non-Interest Income		 19 26 49 59 60 81 74 68 57 18 -7.94
Service Charges on Deposit Accounts		 - - 12 13 13 11 12 15 17 17 16
Other Service Charges		 28 32 25 28 36 43 40 34 29 30 33
Net Realized & Unrealized Capital Gains on Investments		 -1.95 2.25 5.63 11 8.20 16 19 15 6.95 -33 -62
Other Non-Interest Income		 -6.95 -8.20 6.35 7.21 2.56 11 2.89 3.85 4.35 4.77 5.11
Provision for Credit Losses		 -0.78 -0.02 0.72 -3.59 2.26 35 15 12 18 16 12
Total Non-Interest Expense		 98 107 145 156 157 161 185 195 254 236 239
Salaries and Employee Benefits		 48 51 67 92 96 101 103 118 140 140 144
Net Occupancy & Equipment Expense		 11 11 14 16 16 16 16 19 22 21 20
Other Operating Expenses		 39 41 52 39 39 40 45 50 71 68 69
Amortization Expense		 0.72 1.21 4.03 5.92 4.86 3.96 3.53 3.68 8.00 6.60 5.67
Restructuring Charge		 0.00 1.43 8.07 2.36 0.19 0.00 17 5.07 14 0.00 0.00
Income Tax Expense		 14 15 22 24 24 22 25 38 28 22 28
Basic Earnings per Share		 $1.34 $1.37 $1.82 $3.02 $3.10 $2.81 $3.19 $4.12 $2.54 $1.85 $2.68
Weighted Average Basic Shares Outstanding		 19.77M 19.96M 25.21M 29.57M 29.55M 28.84M 29.88M 35.49M 40.75M 41.02M 41.20M
Diluted Earnings per Share		 $1.30 $1.33 $1.82 $3.01 $3.10 $2.81 $3.19 $4.12 $2.53 $1.84 $2.68
Weighted Average Diluted Shares Outstanding		 20.50M 20.73M 25.29M 29.71M 29.72M 28.98M 30.03M 35.67M 41.16M 41.33M 41.45M
Weighted Average Basic & Diluted Shares Outstanding		 19.70M 20M 25.30M 29.60M 29.21M 28.49M 35.65M 40.88M 41.13M 41.36M 41.48M
Cash Dividends to Common per Share		 $0.32 $0.32 $0.32 $0.40 $0.54 $0.72 $0.80 $0.88 $0.88 $0.88 $0.91

Quarterly Income Statements for First Bancorp

This table shows First Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 30 30 25 29 19 3.55 36 39 20 16 47
Consolidated Net Income / (Loss)		 30 30 25 29 19 3.55 36 39 20 16 47
Net Income / (Loss) Continuing Operations		 30 30 25 29 19 3.55 36 39 20 16 47
Total Pre-Tax Income 		38 38 32 37 23 6.88 47 50 26 17 59
Total Revenue		 100 97 92 96 97 66 106 111 90 84 122
Net Interest Income / (Expense)		 85 83 79 81 83 89 93 97 102 106 107
Total Interest Income		 124 127 127 129 131 132 133 137 144 144 142
Loans and Leases Interest Income		 107 110 110 110 111 110 110 113 119 120 121
Investment Securities Interest Income		 14 14 14 12 12 14 17 18 19 19 19
Federal Funds Sold and Securities Borrowed Interest Income		 3.28 2.78 2.97 5.94 8.44 8.73 5.49 5.84 6.69 4.40 2.97
Total Interest Expense		 39 44 47 48 48 44 40 40 42 37 35
Deposits Interest Expense		 33 36 39 45 46 42 38 38 40 36 34
Long-Term Debt Interest Expense		 6.51 8.11 8.21 2.96 1.95 1.77 1.66 1.66 1.68 1.48 1.23
Total Non-Interest Income		 15 14 13 15 14 -23 13 14 -13 -22 15
Service Charges on Deposit Accounts		 4.66 4.13 3.87 4.14 4.32 4.29 3.77 3.98 4.23 4.27 3.95
Other Service Charges		 6.98 6.45 7.23 7.28 7.62 7.36 7.78 8.30 8.50 8.04 8.10
Net Realized & Unrealized Capital Gains on Investments		 2.43 2.65 0.64 2.00 0.44 -36 0.18 0.85 -27 -36 1.78
Other Non-Interest Income		 1.10 1.13 1.16 1.18 1.21 1.23 1.23 1.22 1.29 1.38 1.34
Provision for Credit Losses		 0.00 2.95 1.20 0.54 14 0.51 1.12 2.21 3.44 4.73 3.08
Total Non-Interest Expense		 62 56 59 58 60 58 58 59 60 62 60
Salaries and Employee Benefits		 36 33 34 35 36 35 35 35 37 37 36
Net Occupancy & Equipment Expense		 5.00 5.95 6.08 4.88 4.88 4.69 5.19 5.20 5.15 4.90 5.36
Other Operating Expenses		 19 15 17 17 17 17 16 17 17 19 17
Amortization Expense		 1.95 1.86 1.76 1.67 1.61 1.56 1.52 1.47 1.39 1.29 1.25
Income Tax Expense		 7.76 8.02 6.51 8.17 3.89 3.33 10 11 5.59 1.23 12
Basic Earnings per Share		 $0.73 $0.72 $0.61 $0.70 $0.45 $0.09 $0.88 $0.93 $0.49 $0.38 $1.13
Weighted Average Basic Shares Outstanding		 40.74M 40.75M 40.84M 40.88M 40.97M 41.02M 41.13M 41.17M 41.24M 41.20M 41.25M
Diluted Earnings per Share		 $0.73 $0.72 $0.61 $0.70 $0.45 $0.08 $0.88 $0.93 $0.49 $0.38 $1.13
Weighted Average Diluted Shares Outstanding		 41.20M 41.16M 41.25M 41.26M 41.37M 41.33M 41.41M 41.44M 41.48M 41.45M 41.46M
Weighted Average Basic & Diluted Shares Outstanding		 41.09M 41.13M 41.17M 41.28M 41.34M 41.36M 41.42M 41.46M 41.47M 41.48M 41.38M
Cash Dividends to Common per Share		 $0.22 - $0.22 $0.22 $0.22 - $0.22 $0.23 $0.23 - $0.24

Annual Cash Flow Statements for First Bancorp

This table details how cash moves in and out of First Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 14 39 183 -30 -232 136 94 -191 -32 270 -198
Net Cash From Operating Activities		 37 41 27 46 51 58 142 231 131 175 203
Net Cash From Continuing Operating Activities		 37 41 27 43 51 58 142 231 131 175 203
Net Income / (Loss) Continuing Operations		 27 28 46 89 92 81 96 147 104 76 111
Consolidated Net Income / (Loss)		 27 28 46 89 92 81 96 147 104 76 111
Provision For Loan Losses		 -0.78 -0.02 0.72 -3.59 2.26 35 15 12 18 16 12
Depreciation Expense		 4.49 4.60 5.49 6.08 5.84 5.84 6.19 6.86 7.75 7.76 6.79
Amortization Expense		 -0.78 0.10 7.15 9.32 11 13 20 20 20 17 14
Non-Cash Adjustments to Reconcile Net Income		 13 -14 -29 -51 -53 -86 -11 46 -27 63 61
Changes in Operating Assets and Liabilities, net		 -5.56 23 -3.71 -4.02 -6.34 8.99 16 -1.95 9.39 -6.41 -0.95
Net Cash From Investing Activities		 -138 -240 -129 -313 -425 -962 -1,274 -713 -191 170 -562
Net Cash From Continuing Investing Activities		 -138 -240 -129 -313 -425 -962 -1,274 -713 -191 170 -562
Purchase of Property, Leasehold Improvements and Equipment		 -5.48 -8.69 -4.66 -11 -3.53 -12 -9.40 -5.29 -4.42 -2.66 -4.25
Purchase of Investment Securities		 -250 -366 -406 -390 -664 -1,438 -1,761 -1,008 -541 -524 -1,254
Sale of Property, Leasehold Improvements and Equipment		 1.62 2.03 0.15 2.75 1.80 0.19 0.31 0.30 0.97 1.34 7.26
Sale and/or Maturity of Investments		 126 134 210 85 237 479 485 300 353 690 689
Other Investing Activities, net		 -9.88 -2.01 - 0.00 4.09 9.85 - 0.00 0.00 4.52 0.00
Net Cash From Financing Activities		 115 238 285 240 142 1,039 1,225 292 28 -75 161
Net Cash From Continuing Financing Activities		 115 238 285 240 142 1,039 1,225 292 28 -75 161
Net Change in Deposits		 115 159 195 253 272 1,342 1,258 103 -244 498 218
Issuance of Debt		 70 85 203 100 0.00 -48 0.00 1,252 3,348 986 2.00
Repayment of Debt		 - - -106 -101 -106 -202 -5.73 -1,032 -3,045 -1,525 -20
Repurchase of Common Equity		 - - 0.00 0.00 -10 -32 -4.04 - 0.00 0.00 -0.99
Payment of Dividends		 -7.11 -6.63 -7.60 -11 -14 -21 -22 -31 -35 -36 -37
Other Financing Activities, Net		 0.06 0.21 0.06 -0.08 -0.57 -0.31 -0.79 -0.84 3.78 2.40 -0.20
Cash Interest Paid		 7.01 7.65 12 23 34 21 10 14 136 187 159
Cash Income Taxes Paid		 14 12 20 21 24 30 33 40 30 34 11

Quarterly Cash Flow Statements for First Bancorp

This table details how cash moves in and out of First Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -87 -36 116 255 136 -237 265 -61 -113 -288 288
Net Cash From Operating Activities		 28 38 -20 88 38 69 53 46 50 55 61
Net Cash From Continuing Operating Activities		 28 38 -20 88 38 69 53 46 50 55 61
Net Income / (Loss) Continuing Operations		 30 30 25 29 19 3.55 36 39 20 16 47
Consolidated Net Income / (Loss)		 30 30 25 29 19 3.55 36 39 20 16 47
Provision For Loan Losses		 0.00 2.95 1.20 0.54 14 0.51 1.12 2.21 3.44 4.73 3.08
Depreciation Expense		 1.81 2.17 2.02 2.01 1.86 1.88 1.80 1.66 1.65 1.69 1.63
Amortization Expense		 4.73 4.92 4.45 3.94 4.56 6.91 3.97 3.95 3.16 2.95 3.62
Non-Cash Adjustments to Reconcile Net Income		 -13 -0.32 -3.53 2.62 1.61 62 1.18 -5.75 30 35 0.56
Changes in Operating Assets and Liabilities, net		 4.63 -1.23 -50 50 -2.48 -6.17 8.13 5.08 -9.02 -4.84 5.64
Net Cash From Investing Activities		 -92 -89 171 232 88 -322 8.58 -184 -204 -183 -21
Net Cash From Continuing Investing Activities		 -92 -89 171 232 88 -322 8.58 -184 -204 -183 -21
Purchase of Property, Leasehold Improvements and Equipment		 -1.35 -1.22 -1.64 -0.08 -0.44 -0.50 -0.24 -1.37 -1.46 -1.17 -1.88
Purchase of Investment Securities		 -139 -147 56 2.26 25 -608 -28 -256 -418 -552 -88
Sale of Property, Leasehold Improvements and Equipment		 0.01 0.91 0.01 - 0.74 0.59 0.34 0.51 0.01 6.39 0.06
Sale and/or Maturity of Investments		 48 59 117 226 62 286 36 73 216 364 68
Net Cash From Financing Activities		 -23 15 -35 -65 9.70 16 204 77 41 -161 248
Net Cash From Continuing Financing Activities		 -23 15 -35 -65 9.70 16 204 77 41 -161 248
Net Change in Deposits		 66 -204 271 184 17 25 214 86 51 -133 264
Repayment of Debt		 -521 -1,455 -779 -241 -505 -0.01 -0.01 -2.01 -0.01 -18 -0.01
Repurchase of Common Equity		 - - 0.00 - - - -0.99 - - 0.00 -5.15
Payment of Dividends		 -9.04 -9.04 -9.04 -9.05 -9.06 -9.10 -9.11 -9.10 -9.54 -9.54 -9.54
Other Financing Activities, Net		 0.07 0.19 0.60 0.38 1.85 -0.42 -0.17 0.57 -0.38 -0.22 -1.01
Cash Interest Paid		 38 43 43 52 48 44 39 40 41 38 35
Cash Income Taxes Paid		 8.94 7.88 0.02 14 12 7.42 0.04 8.80 0.21 1.97 0.82

Annual Balance Sheets for First Bancorp

This table presents First Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3,362 3,615 5,547 5,864 6,144 7,290 10,509 10,625 12,115 12,148 12,668
Cash and Due from Banks		 53 72 114 56 65 94 128 101 101 79 147
Interest Bearing Deposits at Other Banks		 213 234 375 407 167 274 333 169 137 429 163
Trading Account Securities		 320 329 462 603 890 1,621 3,144 2,856 2,723 2,563 2,562
Loans and Leases, Net of Allowance		 2,490 2,687 4,019 4,228 4,432 4,679 6,003 6,574 8,040 7,972 8,599
Loans and Leases		 2,519 2,711 4,042 4,249 4,453 4,731 6,082 6,665 8,150 8,095 8,722
Allowance for Loan and Lease Losses		 29 24 23 21 21 52 79 91 110 123 124
Premises and Equipment, Net		 75 75 116 119 115 121 136 134 151 143 139
Goodwill		 66 75 233 234 234 239 364 364 479 479 479
Intangible Assets		 1.34 4.43 24 21 17 15 18 13 30 23 17
Other Assets		 138 136 191 196 224 242 321 413 455 454 555
Total Liabilities & Shareholders' Equity		 3,362 3,615 5,547 5,864 6,144 7,290 10,509 10,625 12,115 12,148 12,668
Total Liabilities		 3,020 3,247 4,854 5,100 5,291 6,396 9,278 9,593 10,743 10,702 11,014
Non-Interest Bearing Deposits		 659 756 1,196 1,320 1,516 2,210 3,349 3,566 3,380 3,368 3,487
Interest Bearing Deposits		 2,152 2,191 3,211 3,339 3,415 4,064 5,776 5,662 6,652 7,163 7,261
Accrued Interest Payable		 0.59 0.54 1.24 1.98 2.15 0.90 0.61 2.74 5.70 4.60 3.75
Long-Term Debt		 - - - - 301 62 67 288 630 92 75
Other Long-Term Liabilities		 22 27 38 32 57 60 86 76 75 75 187
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 342 368 693 764 852 893 1,231 1,032 1,372 1,446 1,654
Total Preferred & Common Equity		 342 368 693 764 852 893 1,231 1,032 1,372 1,446 1,654
Preferred Stock		 7.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 335 368 693 764 852 893 1,231 1,032 1,372 1,446 1,654
Common Stock		 133 147 429 431 427 398 721 724 963 970 973
Retained Earnings		 205 226 264 342 418 478 533 648 716 756 830
Accumulated Other Comprehensive Income / (Loss)		 -3.55 -5.11 -4.15 -12 5.12 14 -25 -342 -308 -282 -149
Other Equity Adjustments		 - 0.00 3.58 3.24 2.59 2.24 1.80 1.59 1.39 1.15 0.89

Quarterly Balance Sheets for First Bancorp

This table presents First Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 10,516 12,363 12,033 11,978 12,092 12,061 12,153 12,436 12,608 12,750 12,948
Cash and Due from Banks		 83 103 101 95 87 90 74 150 139 138 135
Interest Bearing Deposits at Other Banks		 186 611 259 178 267 518 670 623 572 460 463
Trading Account Securities		 2,882 2,830 2,758 2,636 2,614 2,391 2,429 2,583 2,661 2,680 2,491
Loans and Leases, Net of Allowance		 6,439 7,693 7,788 7,919 7,966 7,960 7,891 7,982 8,105 8,298 8,669
Loans and Leases		 6,525 7,799 7,898 8,027 8,077 8,070 8,014 8,103 8,226 8,419 8,794
Allowance for Loan and Lease Losses		 87 106 109 108 110 110 123 121 121 121 125
Premises and Equipment, Net		 134 153 152 152 151 147 145 142 142 141 139
Goodwill		 364 479 479 479 479 479 479 479 479 479 479
Intangible Assets		 14 39 37 35 31 26 24 21 20 19 16
Other Assets		 412 8,146 458 476 490 443 431 451 481 531 544
Total Liabilities & Shareholders' Equity		 10,516 12,363 12,033 11,978 12,092 12,061 12,153 12,436 12,608 12,750 12,948
Total Liabilities		 9,531 11,063 10,735 10,720 10,715 10,656 10,676 10,928 11,052 11,147 11,265
Non-Interest Bearing Deposits		 3,748 3,764 3,640 3,503 3,362 3,340 3,350 3,477 3,543 3,581 3,597
Interest Bearing Deposits		 5,481 6,609 6,529 6,732 6,941 7,148 7,155 7,268 7,288 7,301 7,416
Accrued Interest Payable		 0.88 6.99 4.85 5.51 9.85 5.73 5.57 4.94 4.34 4.44 3.73
Long-Term Debt		 226 606 482 402 332 92 92 92 92 92 75
Other Long-Term Liabilities		 75 77 80 78 70 71 74 86 125 169 174
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 984 1,300 1,298 1,258 1,376 1,404 1,478 1,508 1,556 1,603 1,683
Total Preferred & Common Equity		 984 1,300 1,298 1,258 1,376 1,404 1,478 1,508 1,556 1,603 1,683
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 984 1,300 1,298 1,258 1,376 1,404 1,478 1,508 1,556 1,603 1,683
Common Stock		 723 958 959 961 964 966 969 970 972 972 968
Retained Earnings		 618 655 675 696 733 752 762 784 813 823 866
Accumulated Other Comprehensive Income / (Loss)		 -358 -314 -338 -401 -322 -315 -255 -247 -230 -193 -152
Other Equity Adjustments		 1.59 1.61 1.37 1.38 1.40 1.14 1.15 1.17 0.87 0.88 0.89

Annual Metrics And Ratios for First Bancorp

This table displays calculated financial ratios and metrics derived from First Bancorp's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.34 $1.37 $1.82 $3.02 $3.10 $2.81 $3.19 $4.12 $2.54 $1.85 $2.68
Adjusted Weighted Average Basic Shares Outstanding		 19.77M 19.96M 25.21M 29.57M 29.55M 28.84M 29.88M 35.49M 40.75M 41.02M 41.20M
Adjusted Diluted Earnings per Share		 $1.30 $1.33 $1.82 $3.01 $3.10 $2.81 $3.19 $4.12 $2.53 $1.84 $2.68
Adjusted Weighted Average Diluted Shares Outstanding		 20.50M 20.73M 25.29M 29.71M 29.72M 28.98M 30.03M 35.67M 41.16M 41.33M 41.45M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.75M 24.65M 29.65M 29.72M 29.21M 28.49M 35.65M 40.88M 41.13M 41.36M 41.48M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for First Bancorp

This table displays calculated financial ratios and metrics derived from First Bancorp's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 41,477,259.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 41,477,259.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.12
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.32% -1.92% -13.07% -5.44% -3.26% -32.32% 14.77% 15.99% -7.26% - 15.59%
EBITDA Growth		 -19.69% -17.34% 46.76% -2.46% -34.40% -65.03% 36.57% 27.99% 6.12% - 22.27%
EBIT Growth		 -22.27% -21.44% 64.30% -1.03% -40.06% -81.75% 47.17% 35.08% 15.00% - 26.12%
NOPAT Growth		 -21.23% -22.79% 66.69% -2.35% -37.51% -88.03% 44.06% 34.32% 9.01% - 28.16%
Net Income Growth		 -21.23% -22.79% 66.69% -2.35% -37.51% -88.03% 44.06% 34.32% 9.01% - 28.16%
EPS Growth		 -31.13% -33.33% 64.86% -1.41% -38.36% -88.89% 44.26% 32.86% 8.89% - 28.41%
Operating Cash Flow Growth		 -42.34% -25.81% -154.87% 207.38% 36.85% 80.07% 361.78% -47.89% 29.27% - 16.35%
Free Cash Flow Firm Growth		 -129.39% -3,880.93% 131.61% 150.34% 126.03% 171.68% -35.23% -136.52% -197.41% - -176.55%
Invested Capital Growth		 37.04% 51.81% -10.39% -15.93% -5.44% -23.22% -6.33% 10.20% 8.06% - 9.83%
Revenue Q/Q Growth		 -1.32% -2.86% -5.01% 3.85% 0.95% -32.04% 61.10% 4.95% -19.28% - 45.76%
EBITDA Q/Q Growth		 0.62% 1.32% -12.76% 10.61% -32.32% -45.99% 233.64% 6.10% -44.50% - 197.70%
EBIT Q/Q Growth		 1.04% 0.09% -15.67% 16.05% -38.80% -69.53% 580.08% 6.51% -47.90% - 248.14%
NOPAT Q/Q Growth		 1.67% -0.73% -14.83% 13.61% -34.94% -80.99% 925.23% 5.93% -47.20% - 196.95%
Net Income Q/Q Growth		 1.67% -0.73% -14.83% 13.61% -34.94% -80.99% 925.23% 5.93% -47.20% - 196.95%
EPS Q/Q Growth		 2.82% -1.37% -15.28% 14.75% -35.71% -82.22% 1,000.00% 5.68% -47.31% - 197.37%
Operating Cash Flow Q/Q Growth		 -1.63% 35.95% -144.04% 536.60% -56.20% 78.88% -23.47% -13.09% 8.66% - 10.95%
Free Cash Flow Firm Q/Q Growth		 32.49% -56.16% 134.15% 39.81% -65.09% 329.96% -69.14% -178.83% 6.87% - 36.93%
Invested Capital Q/Q Growth		 -6.73% 20.67% -14.69% -12.44% 4.90% -2.02% 4.08% 3.01% 2.87% - 1.67%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 44.25% 46.15% 42.02% 44.76% 30.00% 23.85% 49.39% 49.93% 34.33% - 52.53%
EBIT Margin		 37.70% 38.84% 34.48% 38.53% 23.36% 10.47% 44.22% 44.88% 28.97% - 48.24%
Profit (Net Income) Margin		 29.93% 30.58% 27.42% 30.00% 19.33% 5.41% 34.42% 34.74% 22.72% - 38.15%
Tax Burden Percent		 79.39% 78.73% 79.51% 77.84% 82.76% 51.63% 77.83% 77.41% 78.45% - 79.09%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 20.61% 21.27% 20.49% 22.16% 17.24% 48.37% 22.17% 22.59% 21.55% - 20.91%
Return on Invested Capital (ROIC)		 8.47% 7.44% 5.92% 7.05% 4.57% 1.07% 7.57% 8.38% 5.18% - 9.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.47% 7.44% 5.92% 7.05% 4.57% 1.07% 7.57% 8.38% 5.18% - 9.24%
Return on Net Nonoperating Assets (RNNOA)		 2.37% 2.84% 2.08% 1.50% 0.82% 0.27% 1.11% 0.52% 0.31% - 0.48%
Return on Equity (ROE)		 10.84% 10.28% 8.00% 8.54% 5.39% 1.34% 8.68% 8.90% 5.49% - 9.73%
Cash Return on Invested Capital (CROIC)		 -23.39% -34.88% 17.28% 24.24% 11.93% 30.58% 11.82% -3.52% -1.69% - -2.15%
Operating Return on Assets (OROA)		 1.36% 1.38% 1.10% 1.23% 0.74% 0.30% 1.31% 1.38% 0.87% - 1.55%
Return on Assets (ROA)		 1.08% 1.09% 0.88% 0.96% 0.61% 0.16% 1.02% 1.07% 0.68% - 1.22%
Return on Common Equity (ROCE)		 10.84% 10.28% 8.00% 8.54% 5.39% 1.34% 8.68% 8.90% 5.49% - 9.73%
Return on Equity Simple (ROE_SIMPLE)		 8.98% 0.00% 8.30% 8.09% 6.93% 0.00% 5.79% 6.25% 6.17% - 7.21%
Net Operating Profit after Tax (NOPAT)		 30 30 25 29 19 3.55 36 39 20 - 47
NOPAT Margin		 29.93% 30.58% 27.42% 30.00% 19.33% 5.41% 34.42% 34.74% 22.72% - 38.15%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 40.99% 40.52% 42.85% 41.12% 42.75% 60.67% 37.76% 36.38% 46.83% - 34.22%
Operating Expenses to Revenue		 62.30% 58.11% 64.22% 60.90% 61.94% 88.75% 54.73% 53.13% 67.19% - 49.24%
Earnings before Interest and Taxes (EBIT)		 38 38 32 37 23 6.88 47 50 26 - 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 44 45 39 43 29 16 52 55 31 - 64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.90 1.08 1.07 0.94 1.16 1.26 1.10 1.17 1.37 - 1.39
Price to Tangible Book Value (P/TBV)		 1.52 1.72 1.70 1.46 1.76 1.93 1.65 1.73 1.98 - 1.97
Price to Revenue (P/Rev)		 2.78 3.67 3.78 3.42 4.50 5.19 4.56 4.82 5.89 - 5.75
Price to Earnings (P/E)		 9.99 14.26 12.91 11.57 16.78 23.85 19.01 18.79 22.18 - 19.27
Dividend Yield		 3.20% 2.43% 2.45% 2.76% 2.12% 2.00% 2.19% 2.02% 1.70% - 1.65%
Earnings Yield		 10.01% 7.01% 7.74% 8.64% 5.96% 4.19% 5.26% 5.32% 4.51% - 5.19%
Enterprise Value to Invested Capital (EV/IC)		 0.76 0.94 0.85 0.53 0.68 0.91 0.61 0.73 1.00 - 1.03
Enterprise Value to Revenue (EV/Rev)		 3.09 4.65 3.72 2.07 2.79 4.00 2.69 3.18 4.54 - 4.46
Enterprise Value to EBITDA (EV/EBITDA)		 7.47 11.79 8.28 4.57 6.68 11.11 6.99 7.92 10.95 - 10.56
Enterprise Value to EBIT (EV/EBIT)		 8.84 14.23 10.07 5.54 8.25 14.29 8.66 9.58 13.04 - 11.96
Enterprise Value to NOPAT (EV/NOPAT)		 11.13 18.03 12.73 7.02 10.40 18.40 11.22 12.42 17.06 - 14.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.68 14.29 19.46 5.96 7.38 8.02 3.96 5.88 7.79 - 8.57
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 4.66 2.01 5.52 2.59 5.01 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.32 0.46 0.24 0.07 0.06 0.06 0.06 0.06 0.06 - 0.04
Long-Term Debt to Equity		 0.32 0.46 0.24 0.07 0.06 0.06 0.06 0.06 0.06 - 0.04
Financial Leverage		 0.28 0.38 0.35 0.21 0.18 0.26 0.15 0.06 0.06 - 0.05
Leverage Ratio		 10.03 9.46 9.14 8.92 8.82 8.61 8.50 8.33 8.08 - 7.95
Compound Leverage Factor		 10.03 9.46 9.14 8.92 8.82 8.61 8.50 8.33 8.08 - 7.95
Debt to Total Capital		 24.21% 31.47% 19.45% 6.12% 5.84% 5.98% 5.75% 5.60% 5.45% - 4.25%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 24.21% 31.47% 19.45% 6.12% 5.84% 5.98% 5.75% 5.60% 5.45% - 4.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 75.79% 68.53% 80.55% 93.88% 94.16% 94.02% 94.25% 94.40% 94.55% - 95.75%
Debt to EBITDA		 2.39 3.96 1.89 0.52 0.58 0.73 0.66 0.61 0.60 - 0.43
Net Debt to EBITDA		 0.76 2.46 -0.12 -2.96 -4.10 -3.29 -4.85 -4.06 -3.28 - -3.05
Long-Term Debt to EBITDA		 2.39 3.96 1.89 0.52 0.58 0.73 0.66 0.61 0.60 - 0.43
Debt to NOPAT		 3.56 6.05 2.91 0.81 0.90 1.21 1.05 0.95 0.93 - 0.62
Net Debt to NOPAT		 1.14 3.77 -0.19 -4.55 -6.38 -5.45 -7.79 -6.37 -5.11 - -4.31
Long-Term Debt to NOPAT		 3.56 6.05 2.91 0.81 0.90 1.21 1.05 0.95 0.93 - 0.62
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -419 -654 223 312 109 469 145 -114 -106 - -111
Operating Cash Flow to CapEx		 2,106.15% 12,351.78% -1,231.88% 109,652.50% 0.00% 0.00% 0.00% 5,321.42% 3,425.38% - 3,367.97%
Free Cash Flow to Firm to Interest Expense		 -10.69 -14.83 4.72 6.54 2.25 10.76 3.64 -2.85 -2.55 - -3.14
Operating Cash Flow to Interest Expense		 0.72 0.87 -0.42 1.84 0.79 1.58 1.32 1.14 1.19 - 1.73
Operating Cash Flow Less CapEx to Interest Expense		 0.68 0.86 -0.46 1.84 0.80 1.58 1.32 1.12 1.16 - 1.68
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03 - 0.03
Fixed Asset Turnover		 2.84 2.83 2.57 2.57 2.57 2.38 2.49 2.63 2.60 - 2.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,660 2,003 1,708 1,496 1,569 1,537 1,600 1,648 1,696 - 1,758
Invested Capital Turnover		 0.28 0.24 0.22 0.24 0.24 0.20 0.22 0.24 0.23 - 0.24
Increase / (Decrease) in Invested Capital		 449 683 -198 -283 -90 -465 -108 153 127 - 157
Enterprise Value (EV)		 1,256 1,877 1,454 797 1,064 1,402 980 1,207 1,687 - 1,814
Market Capitalization		 1,128 1,485 1,475 1,314 1,717 1,818 1,660 1,826 2,193 - 2,337
Book Value per Share		 $30.61 $33.40 $33.45 $34.11 $35.79 $34.97 $36.47 $37.57 $38.67 - $40.58
Tangible Book Value per Share		 $18.11 $21.03 $21.06 $21.85 $23.60 $22.83 $24.37 $25.53 $26.68 - $28.65
Total Capital		 1,660 2,003 1,708 1,496 1,569 1,537 1,600 1,648 1,696 - 1,758
Total Debt		 402 630 332 92 92 92 92 92 92 - 75
Total Long-Term Debt		 402 630 332 92 92 92 92 92 92 - 75
Net Debt		 128 392 -22 -517 -653 -416 -680 -619 -506 - -523
Capital Expenditures (CapEx)		 1.33 0.31 1.63 0.08 -0.31 -0.09 -0.10 0.86 1.45 - 1.82
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 402 630 332 92 92 92 92 92 92 - 75
Total Depreciation and Amortization (D&A)		 6.54 7.09 6.95 5.95 6.42 8.78 5.47 5.61 4.81 - 5.25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.73 $0.72 $0.61 $0.70 $0.45 $0.09 $0.88 $0.93 $0.49 $0.38 $1.13
Adjusted Weighted Average Basic Shares Outstanding		 40.74M 40.75M 40.84M 40.88M 40.97M 41.02M 41.13M 41.17M 41.24M 41.20M 41.25M
Adjusted Diluted Earnings per Share		 $0.73 $0.72 $0.61 $0.70 $0.45 $0.08 $0.88 $0.93 $0.49 $0.38 $1.13
Adjusted Weighted Average Diluted Shares Outstanding		 41.20M 41.16M 41.25M 41.26M 41.37M 41.33M 41.41M 41.44M 41.48M 41.45M 41.46M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 41.09M 41.13M 41.17M 41.28M 41.34M 41.36M 41.42M 41.46M 41.47M 41.48M 41.38M
Normalized Net Operating Profit after Tax (NOPAT)		 30 30 25 29 19 3.55 36 39 20 - 47
Normalized NOPAT Margin		 29.93% 30.73% 27.42% 30.00% 19.33% 5.41% 34.42% 34.74% 22.72% - 38.15%
Pre Tax Income Margin		 37.70% 38.84% 34.48% 38.53% 23.36% 10.47% 44.22% 44.88% 28.97% - 48.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.96 0.85 0.67 0.77 0.47 0.16 1.18 1.24 0.62 - 1.67
NOPAT to Interest Expense		 0.76 0.67 0.53 0.60 0.39 0.08 0.92 0.96 0.49 - 1.32
EBIT Less CapEx to Interest Expense		 0.93 0.85 0.64 0.77 0.47 0.16 1.18 1.22 0.59 - 1.62
NOPAT Less CapEx to Interest Expense		 0.73 0.67 0.50 0.60 0.39 0.08 0.92 0.94 0.45 - 1.27
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.90% 33.55% 31.63% 31.85% 35.37% 47.56% 41.57% 37.41% 37.26% - 31.09%
Augmented Payout Ratio		 29.90% 33.55% 31.63% 31.85% 35.37% 47.56% 41.57% 37.41% 37.26% - 35.34%

Financials Breakdown Chart

Key Financial Trends

First Bancorp (NASDAQ: FBNC) showed a sharp rebound in Q1 2026 earnings versus late 2025, but the longer trend still reflects some pressure on margin, credit costs, and liquidity mix. Net income rose to $46.7 million in Q1 2026 from $15.7 million in Q4 2025 and $20.4 million in Q3 2025. The improvement was driven by stronger pre-tax profitability and a solid rebound in non-interest income, though the quarter also included a meaningful provision for credit losses and continued balance-sheet shifts.

Key positives:

  • Q1 2026 net income climbed to $46.7 million, a strong sequential rebound from Q4 2025.
  • Pre-tax income improved to $59.0 million in Q1 2026, up sharply from $16.9 million in Q4 2025.
  • Total revenue recovered to $122.3 million in Q1 2026 after dropping to $83.9 million in Q4 2025.
  • Non-interest income rebounded to $15.2 million in Q1 2026, compared with a loss in Q4 2025 caused by investment mark-to-market losses.
  • Operating cash flow was strong at $61.2 million in Q1 2026, indicating the core banking franchise continues to generate cash.
  • Deposits increased by $264.0 million in Q1 2026, supporting funding growth and balance-sheet expansion.
  • Quarter-end common equity rose to $1.68 billion from $1.60 billion at Q3 2025, improving the capital base.
  • Loan balances expanded to $8.79 billion from $8.42 billion in Q3 2025, suggesting continued loan growth.

Neutral items:

  • Net interest income in Q1 2026 was $107.1 million, slightly above Q4 2025 but still below the levels seen in mid-2025.
  • Basic and diluted EPS were both $1.13 in Q1 2026, up from $0.38 in Q4 2025.
  • The company continued repurchasing shares, but only modestly, with $5.1 million in buybacks in Q1 2026.
  • Interest-bearing deposits remained the largest funding source, and deposit costs were still elevated versus earlier periods.
  • Goodwill and intangible assets remain material on the balance sheet, which is common for a bank but worth monitoring.

Key negatives:

  • Q1 2026 provision for credit losses was $3.1 million, higher than Q4 2025 and Q3 2025, signaling continued caution on credit quality.
  • Net cash from investing activities was negative $21.1 million in Q1 2026, reflecting continued investment spending.
  • Cash and equivalents fell to a net change of $288.4 million in Q1 2026, though this was largely offset by financing inflows.
  • Payment of dividends totaled $9.5 million in Q1 2026, which is a cash outflow investors should factor into capital returns.
  • Long-term debt and other liabilities remain meaningful, and debt-related interest expense continues to weigh on profitability.
  • Compared with Q1 2025, Q1 2026 net interest income was only modestly higher, suggesting margin expansion has not been dramatic.

Bottom line: FBNC looks to have entered 2026 with better earnings momentum after a weak fourth quarter, helped by stronger revenue and operating cash flow. That said, the bank still faces a few familiar headwinds: credit provisioning, elevated deposit costs, and earnings that appear somewhat sensitive to securities-related income swings. For retail investors, the story is one of improving near-term results, but with some ongoing margin and credit risk to watch.

06/14/26 12:06 PM ETAI Generated. May Contain Errors.

First Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

First Bancorp's net income appears to be on an upward trend, with a most recent value of $111.05 million in 2025, rising from $27.03 million in 2015. The previous period was $76.22 million in 2024. View First Bancorp's forecast to see where analysts expect First Bancorp to go next.

Over the last 10 years, First Bancorp's total revenue changed from $138.51 million in 2015 to $390.31 million in 2025, a change of 181.8%.

First Bancorp's total liabilities were at $11.01 billion at the end of 2025, a 2.9% increase from 2024, and a 264.7% increase since 2015.

In the past 10 years, First Bancorp's cash and equivalents has ranged from $53.29 million in 2015 to $146.76 million in 2025, and is currently $146.76 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:FBNC last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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