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AI brief of an SEC Form 8-K · First Bancorp (Southern Pines NC) (FBNC)

First Bancorp Q3 profit falls to $20.4M, $0.49 a share, on $27.9M securities loss

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyFirst Bancorp (Southern Pines NC) (FBNC)
Form8-K, current report
Filed with the SECOct 22, 2025, 4:06 PM ET
Accession number0000811589-25-000072

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.