Oct 21, 4:05 PM ET
First Bancorp reported third-quarter 2026 net income of $51.3 million, or $1.24 per diluted share, up from $50.5 million, or $1.22 per share, in the prior quarter and $20.4 million, or $0.49 per share, a year earlier. Net interest income rose 3.2% from the prior quarter to $114.8 million, and net interest margin widened to 3.75%, which supports earnings for shareholders.
- Net income of $51.3 million, or $1.24 diluted EPS, for the quarter ended September 30, 2026, versus $1.22 in the linked quarter
- Net interest income of $114.8 million, up 3.2% from the linked quarter; net interest margin of 3.75%
- Noninterest expenses of $64.0 million, including $0.5 million of merger and acquisition expenses tied to the pending Carolina Bank acquisition, scheduled to close in early 2027
- Total loans of $9.1 billion and total deposits of $11.1 billion at September 30, 2026; efficiency ratio of 49.09%
Read the filing on SEC.gov ↗
Jul 22, 4:05 PM ET
First Bancorp (FBNC) reported second quarter 2026 net income of $50.5 million, or $1.22 per diluted share, up from $46.7 million, or $1.13, in the first quarter and $38.6 million, or $0.93, a year earlier. Net interest margin widened to 3.71%, and the company said it announced a pending acquisition of First Carolina Bancshares on July 14, 2026, expected to close in late 2026 or early 2027.
- Net income $50.5 million and diluted EPS $1.22 for the quarter ended June 30, 2026, versus $0.93 a year earlier
- Net interest margin 3.71%, up from 3.67% in the linked quarter and 3.32% a year earlier
- Noninterest expenses rose to $62.8 million, up from $60.2 million in the linked quarter
- Pending acquisition of First Carolina Bancshares, with Carolina Bank & Trust holding approximately $831 million in total assets, expected to close in late 2026 or early 2027
Read the filing on SEC.gov ↗
Jul 14, 8:45 AM ET
First Bancorp (Nasdaq: FBNC) signed a merger agreement to acquire First Carolina Bancshares Corporation, parent of Carolina Bank & Trust of Florence, South Carolina, in a deal with an aggregate value of $166 million. The filing says the deal is expected to close in the fourth quarter of 2026 or early in the first quarter of 2027, subject to First Carolina shareholder approval and regulatory approvals, and that the companies expect First Bancorp's quarterly earnings release on July 22, 2026 to be in line with market expectations.
- Consideration to First Carolina shareholders: 14.5340 First Bancorp shares plus $294.94 in cash per First Carolina share, based on First Bancorp's $64.22 share price as of July 13, 2026
- Total consideration includes 1,967,017 First Bancorp shares and $40 million in cash
- Carolina Bank & Trust had approximately $831 million in assets, according to the press release
- Under certain circumstances, First Carolina may owe First Bancorp a $6.4 million termination fee; the agreement can be terminated if the merger is not completed by June 30, 2027
Read the filing on SEC.gov ↗
Apr 28, 4:06 PM ET
First Bancorp appointed Kate Nevin and Peter Hans to the boards of First Bancorp and its subsidiary First Bank, effective April 28, 2026. Both were also named to board committees, and their compensation will follow the company's standard non-employee director arrangements.
- Kate Nevin, CAIA, is President of TSWII Capital Advisors and brings more than 20 years of alternative investment experience.
- Peter Hans has served as President of the University of North Carolina System since 2020.
- Appointees joined First Bancorp's compensation committee and nominating and corporate governance committee, and First Bank's executive and loan committee.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
