Every material Form 8-K First Bancorp (Southern Pines NC) filed with the SEC in 2026, 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.
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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 →