Every material Form 8-K First Bancorp (Southern Pines NC) filed with the SEC in 2025, 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 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.
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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 →