First Bancorp (FBNC) Financials

$66.34 +0.21 (+0.32%)

Closing price 08/14/2026 04:00 PM Eastern

Extended Trading

$67.17 +0.83 (+1.25%)

As of 08/14/2026 04:10 PM Eastern

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

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	30	25	29	19	3.55	36	39	20	16	47	51
Consolidated Net Income / (Loss)	30	25	29	19	3.55	36	39	20	16	47	51
Net Income / (Loss) Continuing Operations	30	25	29	19	3.55	36	39	20	16	47	51
Total Pre-Tax Income	38	32	37	23	6.88	47	50	26	17	59	63
Total Revenue	97	92	96	97	66	106	111	90	84	122	127
Net Interest Income / (Expense)	83	79	81	83	89	93	97	102	106	107	111
Total Interest Income	127	127	129	131	132	133	137	144	144	142	148
Loans and Leases Interest Income	110	110	110	111	110	110	113	119	120	121	126
Investment Securities Interest Income	14	14	12	12	14	17	18	19	19	19	18
Federal Funds Sold and Securities Borrowed Interest Income	2.78	2.97	5.94	8.44	8.73	5.49	5.84	6.69	4.40	2.97	4.43
Total Interest Expense	44	47	48	48	44	40	40	42	37	35	37
Deposits Interest Expense	36	39	45	46	42	38	38	40	36	34	36
Long-Term Debt Interest Expense	8.11	8.21	2.96	1.95	1.77	1.66	1.66	1.68	1.48	1.23	1.24
Total Non-Interest Income	14	13	15	14	-23	13	14	-13	-22	15	16
Service Charges on Deposit Accounts	4.13	3.87	4.14	4.32	4.29	3.77	3.98	4.23	4.27	3.95	4.21
Other Service Charges	6.45	7.23	7.28	7.62	7.36	7.78	8.31	8.50	8.04	8.10	8.35
Net Realized & Unrealized Capital Gains on Investments	2.65	0.64	2.00	0.44	-36	0.18	0.79	-27	-36	1.78	2.12
Other Non-Interest Income	1.13	1.16	1.18	1.21	1.23	1.23	1.22	1.29	1.38	1.34	1.36
Provision for Credit Losses	2.95	1.20	0.54	14	0.51	1.12	2.21	3.44	4.73	3.08	1.17
Total Non-Interest Expense	56	59	58	60	58	58	59	60	62	60	63
Salaries and Employee Benefits	33	34	35	36	35	35	35	37	37	36	38
Net Occupancy & Equipment Expense	5.95	6.08	4.88	4.88	4.69	5.19	5.20	5.15	4.90	5.36	4.96
Other Operating Expenses	15	17	17	17	17	16	17	17	19	17	18
Amortization Expense	1.86	1.76	1.67	1.61	1.56	1.52	1.47	1.39	1.29	1.25	1.20
Income Tax Expense	8.02	6.51	8.17	3.89	3.33	10	11	5.59	1.23	12	13
Basic Earnings per Share	$0.72	$0.61	$0.70	$0.45	$0.09	$0.88	$0.93	$0.49	$0.38	$1.13	$1.22
Weighted Average Basic Shares Outstanding	40.75M	40.84M	40.88M	40.97M	41.02M	41.13M	41.17M	41.24M	41.20M	41.25M	41.18M
Diluted Earnings per Share	$0.72	$0.61	$0.70	$0.45	$0.08	$0.88	$0.93	$0.49	$0.38	$1.13	$1.22
Weighted Average Diluted Shares Outstanding	41.16M	41.25M	41.26M	41.37M	41.33M	41.41M	41.44M	41.48M	41.45M	41.46M	41.38M
Weighted Average Basic & Diluted Shares Outstanding	41.13M	41.17M	41.28M	41.34M	41.36M	41.42M	41.46M	41.47M	41.48M	41.38M	41.37M

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

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	-36	116	255	136	-237	265	-61	-113	-288	288	-48
Net Cash From Operating Activities	38	-20	88	38	69	53	46	50	55	61	66
Net Cash From Continuing Operating Activities	38	-20	88	38	69	53	46	50	55	61	66
Net Income / (Loss) Continuing Operations	30	25	29	19	3.55	36	39	20	16	47	51
Consolidated Net Income / (Loss)	30	25	29	19	3.55	36	39	20	16	47	51
Provision For Loan Losses	2.95	1.20	0.54	14	0.51	1.12	2.21	3.44	4.73	3.08	1.17
Depreciation Expense	2.17	2.02	2.01	1.86	1.88	1.80	1.66	1.65	1.69	1.63	1.65
Amortization Expense	4.92	4.45	3.94	4.56	6.91	3.97	3.95	3.16	2.95	3.62	-0.75
Non-Cash Adjustments to Reconcile Net Income	-0.32	-3.53	2.62	1.61	62	1.18	-5.75	30	35	0.56	11
Changes in Operating Assets and Liabilities, net	-1.23	-50	50	-2.48	-6.17	8.13	5.08	-9.02	-4.84	5.64	3.33
Net Cash From Investing Activities	-89	171	232	88	-322	8.58	-184	-204	-183	-21	-174
Net Cash From Continuing Investing Activities	-89	171	232	88	-322	8.58	-184	-204	-183	-21	-174
Purchase of Property, Leasehold Improvements and Equipment	-1.22	-1.64	-0.08	-0.44	-0.50	-0.24	-1.37	-1.46	-1.17	-1.88	-1.01
Purchase of Investment Securities	-147	56	2.26	25	-608	-28	-256	-418	-552	-88	-234
Sale and/or Maturity of Investments	59	117	226	62	286	36	73	216	364	68	60
Net Cash From Financing Activities	15	-35	-65	9.70	16	204	77	41	-161	248	59
Net Cash From Continuing Financing Activities	15	-35	-65	9.70	16	204	77	41	-161	248	59
Net Change in Deposits	-204	271	184	17	25	214	86	51	-133	264	72
Repayment of Debt	-1,455	-779	-241	-505	-0.01	-0.01	-2.01	-0.01	-18	-0.01	-1.01
Repurchase of Common Equity	-	0.00	-	-	-	-0.99	-	-	0.00	-5.15	-2.12
Payment of Dividends	-9.04	-9.04	-9.05	-9.06	-9.10	-9.11	-9.10	-9.54	-9.54	-9.54	-9.93
Other Financing Activities, Net	0.19	0.60	0.38	1.85	-0.42	-0.17	0.57	-0.38	-0.22	-1.01	-0.85
Cash Interest Paid	43	43	52	48	44	39	40	41	38	35	37
Cash Income Taxes Paid	7.88	0.02	14	12	7.42	0.04	8.80	0.21	1.97	0.82	0.69

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

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Total Assets	12,363	12,033	11,978	12,092	12,061	12,153	12,436	12,608	12,750	12,948	13,042
Cash and Due from Banks	103	101	95	87	90	74	150	139	138	135	128
Interest Bearing Deposits at Other Banks	611	259	178	267	518	670	623	572	460	463	422
Trading Account Securities	2,830	2,758	2,636	2,614	2,391	2,429	2,583	2,661	2,680	2,491	2,449
Loans and Leases, Net of Allowance	7,693	7,788	7,919	7,966	7,960	7,891	7,982	8,105	8,298	8,669	8,864
Loans and Leases	7,799	7,898	8,027	8,077	8,070	8,014	8,103	8,226	8,419	8,794	8,989
Allowance for Loan and Lease Losses	106	109	108	110	110	123	121	121	121	125	125
Premises and Equipment, Net	153	152	152	151	147	145	142	142	141	139	138
Goodwill	479	479	479	479	479	479	479	479	479	479	479
Intangible Assets	39	37	35	31	26	24	21	20	19	16	15
Other Assets	8,146	458	476	490	443	431	451	481	531	544	535
Total Liabilities & Shareholders' Equity	12,363	12,033	11,978	12,092	12,061	12,153	12,436	12,608	12,750	12,948	13,042
Total Liabilities	11,063	10,735	10,720	10,715	10,656	10,676	10,928	11,052	11,147	11,265	11,325
Non-Interest Bearing Deposits	3,764	3,640	3,503	3,362	3,340	3,350	3,477	3,543	3,581	3,597	3,598
Interest Bearing Deposits	6,609	6,529	6,732	6,941	7,148	7,155	7,268	7,288	7,301	7,416	7,487
Accrued Interest Payable	6.99	4.85	5.51	9.85	5.73	5.57	4.94	4.34	4.44	3.73	3.81
Long-Term Debt	606	482	402	332	92	92	92	92	92	75	75
Other Long-Term Liabilities	77	80	78	70	71	74	86	125	169	174	162
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	1,300	1,298	1,258	1,376	1,404	1,478	1,508	1,556	1,603	1,683	1,716
Total Preferred & Common Equity	1,300	1,298	1,258	1,376	1,404	1,478	1,508	1,556	1,603	1,683	1,716
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	1,300	1,298	1,258	1,376	1,404	1,478	1,508	1,556	1,603	1,683	1,716
Common Stock	958	959	961	964	966	969	970	972	972	968	966
Retained Earnings	655	675	696	733	752	762	784	813	823	866	907
Accumulated Other Comprehensive Income / (Loss)	-314	-338	-401	-322	-315	-255	-247	-230	-193	-152	-157
Other Equity Adjustments	1.61	1.37	1.38	1.40	1.14	1.15	1.17	0.87	0.88	0.89	0.53

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	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	41,477,259.00	41,375,413.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	41,477,259.00	41,375,413.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	1.12	1.22
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.92%	-13.07%	-5.44%	-3.26%	-32.32%	14.77%	15.99%	-7.26%	-	15.59%	14.73%
EBITDA Growth	-17.34%	46.76%	-2.46%	-34.40%	-65.03%	36.57%	27.99%	6.12%	-	22.27%	27.30%
EBIT Growth	-21.44%	64.30%	-1.03%	-40.06%	-81.75%	47.17%	35.08%	15.00%	-	26.12%	27.19%
NOPAT Growth	-22.79%	66.69%	-2.35%	-37.51%	-88.03%	44.06%	34.32%	9.01%	-	28.16%	30.99%
Net Income Growth	-22.79%	66.69%	-2.35%	-37.51%	-88.03%	44.06%	34.32%	9.01%	-	28.16%	30.99%
EPS Growth	-33.33%	64.86%	-1.41%	-38.36%	-88.89%	44.26%	32.86%	8.89%	-	28.41%	31.18%
Operating Cash Flow Growth	-25.81%	-154.87%	207.38%	36.85%	80.07%	361.78%	-47.89%	29.27%	-	16.35%	45.44%
Free Cash Flow Firm Growth	-3,880.93%	131.61%	150.34%	126.03%	171.68%	-35.23%	-136.52%	-197.41%	-	-176.55%	19.08%
Invested Capital Growth	51.81%	-10.39%	-15.93%	-5.44%	-23.22%	-6.33%	10.20%	8.06%	-	9.83%	8.66%
Revenue Q/Q Growth	-2.86%	-5.01%	3.85%	0.95%	-32.04%	61.10%	4.95%	-19.28%	-	45.76%	4.09%
EBITDA Q/Q Growth	1.32%	-12.76%	10.61%	-32.32%	-45.99%	233.64%	6.10%	-44.50%	-	197.70%	0.05%
EBIT Q/Q Growth	0.09%	-15.67%	16.05%	-38.80%	-69.53%	580.08%	6.51%	-47.90%	-	248.14%	7.42%
NOPAT Q/Q Growth	-0.73%	-14.83%	13.61%	-34.94%	-80.99%	925.23%	5.93%	-47.20%	-	196.95%	8.27%
Net Income Q/Q Growth	-0.73%	-14.83%	13.61%	-34.94%	-80.99%	925.23%	5.93%	-47.20%	-	196.95%	8.27%
EPS Q/Q Growth	-1.37%	-15.28%	14.75%	-35.71%	-82.22%	1,000.00%	5.68%	-47.31%	-	197.37%	7.96%
Operating Cash Flow Q/Q Growth	35.95%	-144.04%	536.60%	-56.20%	78.88%	-23.47%	-13.09%	8.66%	-	10.95%	8.63%
Free Cash Flow Firm Q/Q Growth	-56.16%	134.15%	39.81%	-65.09%	329.96%	-69.14%	-178.83%	6.87%	-	36.93%	16.68%
Invested Capital Q/Q Growth	20.67%	-14.69%	-12.44%	4.90%	-2.02%	4.08%	3.01%	2.87%	-	1.67%	1.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	46.15%	42.02%	44.76%	30.00%	23.85%	49.39%	49.93%	34.33%	-	52.53%	50.49%
EBIT Margin	38.84%	34.48%	38.53%	23.36%	10.47%	44.22%	44.88%	28.97%	-	48.24%	49.78%
Profit (Net Income) Margin	30.58%	27.42%	30.00%	19.33%	5.41%	34.42%	34.74%	22.72%	-	38.15%	39.69%
Tax Burden Percent	78.73%	79.51%	77.84%	82.76%	51.63%	77.83%	77.41%	78.45%	-	79.09%	79.72%
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	21.27%	20.49%	22.16%	17.24%	48.37%	22.17%	22.59%	21.55%	-	20.91%	20.28%
Return on Invested Capital (ROIC)	7.44%	5.92%	7.05%	4.57%	1.07%	7.57%	8.38%	5.18%	-	9.24%	9.76%
ROIC Less NNEP Spread (ROIC-NNEP)	7.44%	5.92%	7.05%	4.57%	1.07%	7.57%	8.38%	5.18%	-	9.24%	9.76%
Return on Net Nonoperating Assets (RNNOA)	2.84%	2.08%	1.50%	0.82%	0.27%	1.11%	0.52%	0.31%	-	0.48%	0.50%
Return on Equity (ROE)	10.28%	8.00%	8.54%	5.39%	1.34%	8.68%	8.90%	5.49%	-	9.73%	10.26%
Cash Return on Invested Capital (CROIC)	-34.88%	17.28%	24.24%	11.93%	30.58%	11.82%	-3.52%	-1.69%	-	-2.15%	-0.55%
Operating Return on Assets (OROA)	1.38%	1.10%	1.23%	0.74%	0.30%	1.31%	1.38%	0.87%	-	1.55%	1.64%
Return on Assets (ROA)	1.09%	0.88%	0.96%	0.61%	0.16%	1.02%	1.07%	0.68%	-	1.22%	1.31%
Return on Common Equity (ROCE)	10.28%	8.00%	8.54%	5.39%	1.34%	8.68%	8.90%	5.49%	-	9.73%	10.26%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.30%	8.09%	6.93%	0.00%	5.79%	6.25%	6.17%	-	7.21%	7.76%
Net Operating Profit after Tax (NOPAT)	30	25	29	19	3.55	36	39	20	-	47	51
NOPAT Margin	30.58%	27.42%	30.00%	19.33%	5.41%	34.42%	34.74%	22.72%	-	38.15%	39.69%
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	40.52%	42.85%	41.12%	42.75%	60.67%	37.76%	36.38%	46.83%	-	34.22%	34.13%
Operating Expenses to Revenue	58.11%	64.22%	60.90%	61.94%	88.75%	54.73%	53.13%	67.19%	-	49.24%	49.30%
Earnings before Interest and Taxes (EBIT)	38	32	37	23	6.88	47	50	26	-	59	63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	39	43	29	16	52	55	31	-	64	64
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.07	0.94	1.16	1.26	1.10	1.17	1.37	-	1.39	1.54
Price to Tangible Book Value (P/TBV)	1.72	1.70	1.46	1.76	1.93	1.65	1.73	1.98	-	1.97	2.16
Price to Revenue (P/Rev)	3.67	3.78	3.42	4.50	5.19	4.56	4.82	5.89	-	5.75	6.25
Price to Earnings (P/E)	14.26	12.91	11.57	16.78	23.85	19.01	18.79	22.18	-	19.27	19.85
Dividend Yield	2.43%	2.45%	2.76%	2.12%	2.00%	2.19%	2.02%	1.70%	-	1.65%	1.47%
Earnings Yield	7.01%	7.74%	8.64%	5.96%	4.19%	5.26%	5.32%	4.51%	-	5.19%	5.04%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.85	0.53	0.68	0.91	0.61	0.73	1.00	-	1.03	1.21
Enterprise Value to Revenue (EV/Rev)	4.65	3.72	2.07	2.79	4.00	2.69	3.18	4.54	-	4.46	5.13
Enterprise Value to EBITDA (EV/EBITDA)	11.79	8.28	4.57	6.68	11.11	6.99	7.92	10.95	-	10.56	11.70
Enterprise Value to EBIT (EV/EBIT)	14.23	10.07	5.54	8.25	14.29	8.66	9.58	13.04	-	11.96	13.13
Enterprise Value to NOPAT (EV/NOPAT)	18.03	12.73	7.02	10.40	18.40	11.22	12.42	17.06	-	14.95	16.28
Enterprise Value to Operating Cash Flow (EV/OCF)	14.29	19.46	5.96	7.38	8.02	3.96	5.88	7.79	-	8.57	9.33
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.66	2.01	5.52	2.59	5.01	0.00	0.00	-	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.24	0.07	0.06	0.06	0.06	0.06	0.06	-	0.04	0.04
Long-Term Debt to Equity	0.46	0.24	0.07	0.06	0.06	0.06	0.06	0.06	-	0.04	0.04
Financial Leverage	0.38	0.35	0.21	0.18	0.26	0.15	0.06	0.06	-	0.05	0.05
Leverage Ratio	9.46	9.14	8.92	8.82	8.61	8.50	8.33	8.08	-	7.95	7.84
Compound Leverage Factor	9.46	9.14	8.92	8.82	8.61	8.50	8.33	8.08	-	7.95	7.84
Debt to Total Capital	31.47%	19.45%	6.12%	5.84%	5.98%	5.75%	5.60%	5.45%	-	4.25%	4.17%
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	31.47%	19.45%	6.12%	5.84%	5.98%	5.75%	5.60%	5.45%	-	4.25%	4.17%
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	68.53%	80.55%	93.88%	94.16%	94.02%	94.25%	94.40%	94.55%	-	95.75%	95.83%
Debt to EBITDA	3.96	1.89	0.52	0.58	0.73	0.66	0.61	0.60	-	0.43	0.40
Net Debt to EBITDA	2.46	-0.12	-2.96	-4.10	-3.29	-4.85	-4.06	-3.28	-	-3.05	-2.56
Long-Term Debt to EBITDA	3.96	1.89	0.52	0.58	0.73	0.66	0.61	0.60	-	0.43	0.40
Debt to NOPAT	6.05	2.91	0.81	0.90	1.21	1.05	0.95	0.93	-	0.62	0.56
Net Debt to NOPAT	3.77	-0.19	-4.55	-6.38	-5.45	-7.79	-6.37	-5.11	-	-4.31	-3.57
Long-Term Debt to NOPAT	6.05	2.91	0.81	0.90	1.21	1.05	0.95	0.93	-	0.62	0.56
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)	-654	223	312	109	469	145	-114	-106	-	-111	-92
Operating Cash Flow to CapEx	12,351.78%	-1,231.88%	109,652.50%	0.00%	0.00%	0.00%	5,321.42%	3,425.38%	-	3,367.97%	6,575.67%
Free Cash Flow to Firm to Interest Expense	-14.83	4.72	6.54	2.25	10.76	3.64	-2.85	-2.55	-	-3.14	-2.49
Operating Cash Flow to Interest Expense	0.87	-0.42	1.84	0.79	1.58	1.32	1.14	1.19	-	1.73	1.79
Operating Cash Flow Less CapEx to Interest Expense	0.86	-0.46	1.84	0.80	1.58	1.32	1.12	1.16	-	1.68	1.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	-	0.03	0.03
Fixed Asset Turnover	2.83	2.57	2.57	2.57	2.38	2.49	2.63	2.60	-	2.89	3.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,003	1,708	1,496	1,569	1,537	1,600	1,648	1,696	-	1,758	1,791
Invested Capital Turnover	0.24	0.22	0.24	0.24	0.20	0.22	0.24	0.23	-	0.24	0.25
Increase / (Decrease) in Invested Capital	683	-198	-283	-90	-465	-108	153	127	-	157	143
Enterprise Value (EV)	1,877	1,454	797	1,064	1,402	980	1,207	1,687	-	1,814	2,170
Market Capitalization	1,485	1,475	1,314	1,717	1,818	1,660	1,826	2,193	-	2,337	2,645
Book Value per Share	$33.40	$33.45	$34.11	$35.79	$34.97	$36.47	$37.57	$38.67	-	$40.58	$41.49
Tangible Book Value per Share	$21.03	$21.06	$21.85	$23.60	$22.83	$24.37	$25.53	$26.68	-	$28.65	$29.56
Total Capital	2,003	1,708	1,496	1,569	1,537	1,600	1,648	1,696	-	1,758	1,791
Total Debt	630	332	92	92	92	92	92	92	-	75	75
Total Long-Term Debt	630	332	92	92	92	92	92	92	-	75	75
Net Debt	392	-22	-517	-653	-416	-680	-619	-506	-	-523	-476
Capital Expenditures (CapEx)	0.31	1.63	0.08	-0.31	-0.09	-0.10	0.86	1.45	-	1.82	1.01
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)	630	332	92	92	92	92	92	92	-	75	75
Total Depreciation and Amortization (D&A)	7.09	6.95	5.95	6.42	8.78	5.47	5.61	4.81	-	5.25	0.90
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.61	$0.70	$0.45	$0.09	$0.88	$0.93	$0.49	$0.38	$1.13	$1.22
Adjusted Weighted Average Basic Shares Outstanding	40.75M	40.84M	40.88M	40.97M	41.02M	41.13M	41.17M	41.24M	41.20M	41.25M	41.18M
Adjusted Diluted Earnings per Share	$0.72	$0.61	$0.70	$0.45	$0.08	$0.88	$0.93	$0.49	$0.38	$1.13	$1.22
Adjusted Weighted Average Diluted Shares Outstanding	41.16M	41.25M	41.26M	41.37M	41.33M	41.41M	41.44M	41.48M	41.45M	41.46M	41.38M
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	41.13M	41.17M	41.28M	41.34M	41.36M	41.42M	41.46M	41.47M	41.48M	41.38M	41.37M
Normalized Net Operating Profit after Tax (NOPAT)	30	25	29	19	3.55	36	39	20	-	47	51
Normalized NOPAT Margin	30.73%	27.42%	30.00%	19.33%	5.41%	34.42%	34.74%	22.72%	-	38.15%	39.69%
Pre Tax Income Margin	38.84%	34.48%	38.53%	23.36%	10.47%	44.22%	44.88%	28.97%	-	48.24%	49.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.85	0.67	0.77	0.47	0.16	1.18	1.24	0.62	-	1.67	1.71
NOPAT to Interest Expense	0.67	0.53	0.60	0.39	0.08	0.92	0.96	0.49	-	1.32	1.36
EBIT Less CapEx to Interest Expense	0.85	0.64	0.77	0.47	0.16	1.18	1.22	0.59	-	1.62	1.68
NOPAT Less CapEx to Interest Expense	0.67	0.50	0.60	0.39	0.08	0.92	0.94	0.45	-	1.27	1.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.55%	31.63%	31.85%	35.37%	47.56%	41.57%	37.41%	37.26%	-	31.09%	28.93%
Augmented Payout Ratio	33.55%	31.63%	31.85%	35.37%	47.56%	41.57%	37.41%	37.26%	-	35.34%	34.38%

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.

08/15/26 10:56 AM 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. Find out what analysts predict for First Bancorp in the coming months.

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 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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First Bancorp (FBNC) Financials

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