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First Bancorp (FBNC) Financials

First Bancorp logo
$57.87 +0.53 (+0.92%)
Closing price 05/5/2026 04:00 PM Eastern
Extended Trading
$57.87 0.00 (0.00%)
As of 05:07 AM Eastern
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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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 29 30 30 25 29 19 3.55 36 39 20 16
Consolidated Net Income / (Loss)		 29 30 30 25 29 19 3.55 36 39 20 16
Net Income / (Loss) Continuing Operations		 29 30 30 25 29 19 3.55 36 39 20 16
Total Pre-Tax Income 		37 38 38 32 37 23 6.88 47 50 26 17
Total Revenue		 101 100 97 92 96 97 66 106 111 90 84
Net Interest Income / (Expense)		 87 85 83 79 81 83 89 93 97 102 106
Total Interest Income		 121 124 127 127 129 131 132 133 137 144 144
Loans and Leases Interest Income		 103 107 110 110 110 111 110 111 113 119 120
Investment Securities Interest Income		 14 14 14 14 12 12 14 17 18 19 19
Federal Funds Sold and Securities Borrowed Interest Income		 4.02 3.28 2.78 2.97 5.94 8.44 8.73 5.49 5.84 6.69 4.40
Total Interest Expense		 34 39 44 47 48 48 44 40 40 42 37
Deposits Interest Expense		 27 33 36 39 45 46 42 38 38 40 36
Long-Term Debt Interest Expense		 6.85 6.51 8.11 8.21 2.96 1.95 1.77 1.66 1.66 1.68 1.48
Total Non-Interest Income		 14 15 14 13 15 14 -23 13 14 -13 -22
Service Charges on Deposit Accounts		 4.11 4.66 4.13 3.87 4.14 4.32 4.29 3.77 3.98 4.23 4.27
Other Service Charges		 7.62 6.98 6.45 7.23 7.28 7.62 7.36 7.74 8.30 8.50 8.04
Net Realized & Unrealized Capital Gains on Investments		 1.44 2.43 2.65 0.64 2.00 0.44 -36 0.17 0.85 -27 -36
Other Non-Interest Income		 1.07 1.10 1.13 1.16 1.18 1.21 1.23 1.23 1.22 1.29 1.38
Provision for Credit Losses		 2.36 0.00 2.95 1.20 0.54 14 0.51 1.12 2.21 3.44 4.73
Total Non-Interest Expense		 62 62 56 59 58 60 58 58 59 60 62
Salaries and Employee Benefits		 35 36 33 34 35 36 35 35 35 37 37
Net Occupancy & Equipment Expense		 4.97 5.00 5.95 6.08 4.88 4.88 4.69 5.19 5.20 5.15 4.90
Other Operating Expenses		 18 19 15 17 17 17 17 16 17 17 19
Amortization Expense		 2.05 1.95 1.86 1.76 1.67 1.61 1.56 1.52 1.47 1.39 1.29
Income Tax Expense		 7.86 7.76 8.02 6.51 8.17 3.89 3.33 10 11 5.59 1.23
Basic Earnings per Share		 $0.72 $0.73 $0.72 $0.61 $0.70 $0.45 $0.09 $0.88 $0.93 $0.49 $0.38
Weighted Average Basic Shares Outstanding		 40.72M 40.74M 40.75M 40.84M 40.88M 40.97M 41.02M 41.13M 41.17M 41.24M 41.20M
Diluted Earnings per Share		 $0.71 $0.73 $0.72 $0.61 $0.70 $0.45 $0.08 $0.88 $0.93 $0.49 $0.38
Weighted Average Diluted Shares Outstanding		 41.13M 41.20M 41.16M 41.25M 41.26M 41.37M 41.33M 41.41M 41.44M 41.48M 41.45M
Weighted Average Basic & Diluted Shares Outstanding		 41.08M 41.09M 41.13M 41.17M 41.28M 41.34M 41.36M 41.42M 41.46M 41.47M 41.48M

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Net Change in Cash & Equivalents		 -353 -87 -36 116 255 136 -237 265 -61 -113 -288
Net Cash From Operating Activities		 29 28 38 -20 88 38 69 53 46 50 55
Net Cash From Continuing Operating Activities		 29 28 38 -20 88 38 69 53 46 50 55
Net Income / (Loss) Continuing Operations		 29 30 30 25 29 19 3.55 36 39 20 16
Consolidated Net Income / (Loss)		 29 30 30 25 29 19 3.55 36 39 20 16
Provision For Loan Losses		 2.36 0.00 2.95 1.20 0.54 14 0.51 1.12 2.21 3.44 4.73
Depreciation Expense		 1.86 1.81 2.17 2.02 2.01 1.86 1.88 1.80 1.66 1.65 1.69
Amortization Expense		 4.80 4.73 4.92 4.45 3.94 4.56 6.91 3.67 3.95 3.16 2.95
Non-Cash Adjustments to Reconcile Net Income		 -5.27 -13 -0.32 -3.53 2.62 1.61 62 1.78 -5.75 30 35
Changes in Operating Assets and Liabilities, net		 -4.61 4.63 -1.23 -50 50 -2.48 -6.17 7.83 5.08 -9.02 -4.84
Net Cash From Investing Activities		 -43 -92 -89 171 232 88 -322 8.58 -184 -204 -183
Net Cash From Continuing Investing Activities		 -43 -92 -89 171 232 88 -322 8.58 -184 -204 -183
Purchase of Property, Leasehold Improvements and Equipment		 -1.51 -1.35 -1.22 -1.64 -0.08 -0.44 -0.50 -0.24 -1.37 -1.46 -1.17
Purchase of Investment Securities		 -101 -139 -147 56 2.26 25 -608 -28 -256 -418 -552
Sale of Property, Leasehold Improvements and Equipment		 0.03 0.01 0.91 0.01 - 0.74 0.59 0.34 0.51 0.01 6.39
Sale and/or Maturity of Investments		 60 48 59 117 226 62 286 36 73 216 364
Net Cash From Financing Activities		 -339 -23 15 -35 -65 9.70 16 204 77 41 -161
Net Cash From Continuing Financing Activities		 -339 -23 15 -35 -65 9.70 16 204 77 41 -161
Net Change in Deposits		 -205 66 -204 271 184 17 25 214 86 51 -133
Repayment of Debt		 -421 -521 -1,455 -779 -241 -505 -0.01 -0.01 -2.01 -0.01 -18
Repurchase of Common Equity		 - - - 0.00 - - - -0.99 - - 0.00
Payment of Dividends		 -9.02 -9.04 -9.04 -9.04 -9.05 -9.06 -9.10 -9.11 -9.10 -9.54 -9.54
Other Financing Activities, Net		 0.30 0.07 0.19 0.60 0.38 1.85 -0.42 -0.17 0.57 -0.38 -0.22
Cash Interest Paid		 35 38 43 43 52 48 44 39 40 41 38
Cash Income Taxes Paid		 13 8.94 7.88 0.02 14 12 7.42 0.04 8.80 0.21 1.97

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

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
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		 $0.72 $0.73 $0.72 $0.61 $0.70 $0.45 $0.09 $0.88 $0.93 $0.49 $0.38
Adjusted Weighted Average Basic Shares Outstanding		 40.72M 40.74M 40.75M 40.84M 40.88M 40.97M 41.02M 41.13M 41.17M 41.24M 41.20M
Adjusted Diluted Earnings per Share		 $0.71 $0.73 $0.72 $0.61 $0.70 $0.45 $0.08 $0.88 $0.93 $0.49 $0.38
Adjusted Weighted Average Diluted Shares Outstanding		 41.13M 41.20M 41.16M 41.25M 41.26M 41.37M 41.33M 41.41M 41.44M 41.48M 41.45M
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		 41.08M 41.09M 41.13M 41.17M 41.28M 41.34M 41.36M 41.42M 41.46M 41.47M 41.48M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

First Bancorp (FBNC) has shown a generally positive trajectory in 2025 with solid loan growth, rising net interest income, and a healthy capital base, but faced some volatility in non-interest income and a dip in quarterly earnings in Q4. Below are the top trends drawn from the last four years of FBNC's quarterly statements, focused on the most meaningful read for retail investors.

  • Net interest income up in 2025, signaling core earnings strength. Net interest income rose through 2025, with Q4 2025 reporting about $106.2 million, up from Q1 levels and supported by ongoing loan growth and favorable rate dynamics.
  • Loan book growth remains solid, expanding the loan portfolio to roughly $8.30B by mid-2025. Loans and Leases, Net of Allowance increased from around $7.7B earlier in 2025 to about $8.30B by Q3 2025, indicating continued strength in the bank’s lending book.
  • Positive cash flow from operations, finishing 2025 with stronger quarterly cash flow. Net cash from continuing operating activities was about $55.16 million in Q4 2025, reflecting robust operating cash generation.
  • Balance sheet scale and capital base remain solid. Total assets stood around $12.75B in Q3 2025, with Total Common Equity near $1.60B, indicating a healthy size and durable capital position to support growth.
  • Consistent dividend per share, signaling ongoing capital return. The dividend per share has been in the $0.22–$0.23 range in 2025, reflecting a steady pace of shareholder returns.
  • Funding costs remain a steady, non-trivial expense. Deposits interest expense has been in the mid-to-high $30s millions per quarter (roughly $36–$40M in recent quarters), a normal cost-of-funds component for a growing regional bank.
  • Non-interest income exhibits volatility, with capital gains shaping quarterly results. Net Realized & Unrealized Capital Gains on Investments swung negative in Q4 2025 (a notable -$35.98M), contributing to softer non-interest income in that quarter.
  • Non-interest income overall has shown volatility, affecting quarterly earnings mix. Total Non-Interest Income moved through positive and negative quarters in 2025, adding uncertainty to quarterly profit dynamics.
  • Q4 2025 non-interest income and quarterly earnings were softer than Q3 2025. Q4 2025 showed a meaningful drop in net income relative to Q3 2025 (net income continuing operations was $15.7M in Q4 vs about $20.4M in Q3), and non-interest income contributed to the weaker quarter.
  • Near-term earnings volatility from investment gains/losses can impact quarterly results. The negative swing in net realized capital gains on investments in Q4 2025 underscores sensitivity to investment portfolio performance in a single quarter.
05/06/26 07:05 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About First Bancorp's Financials

When does First Bancorp's financial year end?

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

How has First Bancorp's net income changed over the last 10 years?

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. See where experts think First Bancorp is headed by visiting First Bancorp's forecast page.

How has First Bancorp's revenue changed over the last 10 years?

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%.

How much debt does First Bancorp have?

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.

How much cash does First Bancorp have?

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 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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