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

First Bancorp Q3 net income rises to $51.3 million, or $1.24 per diluted share

Positive Impact 3 of 5 earnings

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.

Key points

  • 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%

The filing

CompanyFirst Bancorp (Southern Pines NC) (FBNC)
Form8-K, current report
Filed with the SECOct 21, 2026, 4:05 PM ET
Accession number0000811589-26-000162

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.