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

First Bancorp Q4 net income $15.7M, $0.38 a share, after $43.7M securities loss

Mixed Impact 3 of 5 earnings Written later

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.

Key points

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.

The filing

CompanyFirst Bancorp (Southern Pines NC) (FBNC)

Form8-K, current report

Filed with the SECJan 21, 2026, 4:05 PM ET

Accession number0000811589-26-000023

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 January 21, 2026.

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.