Every material Form 8-K First Bancorp (Southern Pines NC) has filed with the SEC since July 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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%
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
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
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.
First Bancorp (FBNC) reported first quarter 2026 net income of $46.7 million, or $1.13 diluted earnings per share, up from $15.7 million or $0.38 in the fourth quarter of 2025 and $36.4 million or $0.88 a year earlier. Net interest income rose 15.4% from the first quarter of 2025 and net interest margin expanded to 3.67%, while the earlier quarter was reduced by a $43.7 million securities loss.
Net income of $46.7 million, or $1.13 diluted EPS, for the quarter ended March 31, 2026, versus $0.38 in the linked quarter and $0.88 in the year-earlier quarter.
Net interest income of $107.1 million, up 0.9% from the linked quarter and 15.4% from the first quarter of 2025.
Net interest margin was 3.67%, up from 3.58% in the linked quarter and 3.25% a year earlier; noninterest expenses were $60.2 million.
Nonperforming assets were $41.8 million, or 0.32% of total assets, at March 31, 2026, compared with 0.30% at December 31, 2025.
First Bancorp disclosed that Michael G. Mayer retired as President of the Company and CEO of First Bank effective February 28, 2026, as part of a succession plan. Mayer will remain a director of both the Company and First Bank, which keeps some continuity on the board.
Michael G. Mayer retired effective February 28, 2026
He previously served as President of First Bancorp and CEO of First Bank
Mayer will continue as a director of the Company and First Bank
Filing is part of a planned succession plan; no successor is named in this filing
First Bancorp authorized a stock repurchase plan of up to $40.0 million, valid through January 27, 2027, and declared a quarterly dividend of $0.24 per share, up from $0.23. Director Mary Clara Capel, who has served on the board since 2005, also retired from the company and First Bank boards effective January 27, 2026, with no disagreement cited. The buyback is not obligated to purchase any set amount of stock, so the actual effect on shareholders will depend on how much is repurchased.
Repurchase plan of up to $40.0 million of common stock, valid through January 27, 2027
Quarterly cash dividend raised to $0.24 per share from $0.23, payable April 24, 2026 to holders of record March 31, 2026
Mary Clara Capel retired as a director of First Bancorp and First Bank effective January 27, 2026
First Bancorp reported fourth-quarter 2025 net income of $15.7 million, or $0.38 per diluted share, after a $43.7 million securities loss tied to a November securities loss-earnback transaction. That was down from $20.4 million in the third quarter but up from $3.6 million a year earlier. For full-year 2025, net income rose to $111.0 million, or $2.68 per diluted share, from $76.2 million, or $1.84, in 2024.
Q4 2025 diluted EPS was $0.38, down from $0.49 in the linked third quarter and up from $0.08 in Q4 2024.
Excluding the $43.7 million securities loss, adjusted diluted EPS was $1.19 for Q4 2025.
Full-year 2025 net income was $111.0 million, or $2.68 per diluted share, versus $76.2 million, or $1.84, in 2024.
Net interest margin was 3.58% in Q4 2025, up from 3.46% in the third quarter and 3.05% a year earlier.
First Bancorp said its First Bank CEO, G. Adam Currie, was appointed to the boards of both First Bank and First Bancorp, effective immediately. The filing describes a board seat for an existing executive and does not mention any change in financial results, compensation or executive roles.
G. Adam Currie, CEO of First Bank, appointed to boards of First Bank and First Bancorp
Appointment effective immediately, announced October 30, 2025
Currie named First Bank CEO in February 2025 after joining the bank in 2015
First Bancorp reports total assets of $12.8 billion and 113 bank branches
First Bancorp reported third quarter 2025 net income of $20.4 million, or $0.49 per diluted share, down from $38.6 million, or $0.93, in the linked quarter and up from $18.7 million, or $0.45, a year earlier. The results include a $27.9 million securities loss from a July securities loss-earnback transaction; excluding that loss, adjusted diluted EPS was $1.01, which is a non-GAAP measure.
Net income was $20.4 million, or $0.49 diluted EPS, versus $38.6 million, or $0.93, in Q2 2025 and $18.7 million, or $0.45, in Q3 2024.
A $27.9 million securities loss ($21.4 million after tax, or negative $0.52 per diluted share) reduced results; adjusted diluted EPS was $1.01.
Net interest income rose to $102.5 million from $96.7 million in Q2 2025 and $83.0 million in Q3 2024; net interest margin was 3.46%.
Total noninterest income was negative $12.9 million, including the securities loss; total loans reached $8.4 billion at September 30, 2025.
First Bancorp reported second quarter 2025 net income of $38.6 million, or $0.93 per diluted share, up from $36.4 million, or $0.88, in the first quarter and $28.7 million, or $0.70, a year earlier. Net interest income rose to $96.7 million, driven by a higher net interest margin of 3.32%, while noninterest expenses were $59.0 million. The Board also raised the quarterly dividend to $0.23 per share.
Net income $38.6 million, diluted EPS $0.93 for the quarter ended June 30, 2025, versus $0.70 a year earlier
Net interest income $96.7 million, up from $92.9 million in the linked quarter; net interest margin 3.32%
Noninterest expenses $59.0 million, up $1.1 million from the first quarter
Quarterly dividend increased to $0.23 per share, effective June 30, 2025
First Bancorp reported unaudited first-quarter 2025 net income of $36.4 million, or $0.88 per diluted share, up from $3.6 million, or $0.08, in the fourth quarter of 2024 and $25.3 million, or $0.61, a year earlier. The increase was driven mainly by higher net interest income of $92.9 million and a tax-equivalent net interest margin of 3.27%, while noninterest expenses declined to $57.9 million.
Net income of $36.4 million, or $0.88 diluted EPS, for the quarter ended March 31, 2025, versus $3.6 million, or $0.08, in the linked fourth quarter of 2024 and $25.3 million, or $0.61, in the first quarter of 2024.
Net interest income of $92.9 million, up from $88.8 million in the fourth quarter of 2024 and $79.3 million in the first quarter of 2024.
Tax-equivalent net interest margin of 3.27%, compared with 3.08% in the fourth quarter of 2024 and 2.80% in the first quarter of 2024.
Noninterest expenses of $57.9 million, down from $58.3 million in the fourth quarter of 2024 and $59.2 million in the first quarter of 2024.
First Bancorp (FBNC) said Adam Currie, previously President of First Bank, becomes CEO of the bank effective February 7, 2025, succeeding Michael G. Mayer, who remains President of the company. The company also authorized a stock repurchase plan of up to $40.0 million of its common stock, which the filing says may be modified or discontinued at any time.
Adam Currie appointed President and CEO of First Bank, effective February 7, 2025
Michael G. Mayer relinquishes bank CEO role and remains President of First Bancorp; release says until early 2026
Board authorized repurchases of up to $40.0 million of common stock; no minimum amount required
Christian Wilson, EVP and Chief Operating Officer, signed a new employment agreement effective February 7, 2025
First Bancorp reported fourth-quarter 2024 net income of $3.6 million, or $0.08 diluted EPS, down from $18.7 million ($0.45) in the prior quarter and $29.7 million ($0.72) a year earlier. The results include a $36.8 million loss from a securities loss-earnback transaction, and the company also reported adjusted diluted EPS of $0.76 for the quarter. For shareholders, reported profit fell sharply, while the company's adjusted measures and net interest income rose.
Q4 2024 net income was $3.6 million, or $0.08 diluted EPS, versus $18.7 million ($0.45) in Q3 2024 and $29.7 million ($0.72) in Q4 2023.
A $36.8 million loss on securities from a loss-earnback transaction reduced noninterest income to negative $23.2 million for the quarter.
Adjusted diluted EPS was $0.76 for Q4 2024, up from $0.70 in Q3 2024, according to the company's non-GAAP reconciliation.
Full-year 2024 net income was $76.2 million, or $1.84 diluted EPS, compared with $104.1 million, or $2.53, in 2023.
First Bancorp reported third-quarter 2024 net income of $18.7 million, or $0.45 per diluted share, down from $28.7 million, or $0.70, in the prior quarter and $29.9 million, or $0.73, a year earlier. The results include $13.4 million in pre-tax Hurricane Helene impacts, mainly a $13.0 million provision for potential credit losses, and excluding these items adjusted net income was $29.0 million, or $0.70 per share. For shareholders, the reported decline reflects the storm-related provision, while capital ratios rose during the quarter.
Q3 2024 net income $18.7 million, $0.45 per diluted share, versus $28.7 million ($0.70) in Q2 2024 and $29.9 million ($0.73) in Q3 2023
Hurricane Helene impacts totaled $13.4 million pre-tax ($10.3 million after taxes); provision for credit losses was $14.2 million
Adjusted net income was $29.0 million, or $0.70 per diluted share, for Q3 2024; nine-month net income was $72.7 million, or $1.76 per share, versus $74.5 million, or $1.81, a year earlier
Total common equity tier 1 ratio rose to 14.34% (estimated) at September 30, 2024, from 13.99% at June 30, 2024
First Bancorp (FBNC) said director Mason Y. Garrett has retired from the boards of First Bancorp and First Bank, effective July 26, 2024. The filing states that the departure was not the result of any disagreement with the company over its operations, policies or practices. The filing reports no financial figures tied to the change.
Mason Y. Garrett resigned as a director of First Bancorp and First Bank, effective July 26, 2024.
The filing says the resignation was not the result of any disagreement with the company on operations, policies or practices.
Garrett joined the board in 2023, when GrandSouth Bancorporation merged with the company; he was a member of the First Bank Executive & Loan Committee.
The announcement was made in a news release dated July 30, 2024, attached as Exhibit 99.1.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every First Bancorp (Southern Pines NC) filing is on SEC EDGAR ↗. 8-K briefs of other companies →