FBNC Research | Milton Maxwell

FBNC

First Bancorp

53.55

+0.08+0.15%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ Jan 28, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

2.22B

P/E (TTM)

22.50

Basic EPS (TTM)

2.38

Dividend Yield

0.02%

Recent Filings

8-K

Cash dividend declared

12/12/25Dec 12, 2025

First Bancorp declared a $0.23 per share cash dividend on December 12, 2025, payable January 25, 2026, to shareholders of record December 31. The board signals confidence amid strong Q3 capital, liquidity, and adjusted net income growth. Dividends deliver value. CEO Moore underscored commitment to shareholders.

10-Q

Q3 FY2025 results

11/7/25Nov 7, 2025

First Bancorp posted Q3 net income of $20.4M, up 9% y/y, with diluted EPS steady at $0.49 as shares ticked higher; net interest income jumped 23% to $102.5M on 58bps NIM expansion to 3.46% from better asset yields and cheaper deposits, while YTD revenue climbed 20% y/y to $292.0M. Loans grew 4% q/q to $8.4B, provision eased to $3.4M after a $4.0M Helene reserve release, and credit quality held with NPAs at 0.31% of assets. Cash swelled 18% to $598M, deposits rose 3% to $10.9B, borrowings ticked to $92M at 5.97% weighted rate. Securities sales locked $27.9M loss for earnback. Hurricane Helene lingers as recovery risk.

8-K

Currie joins boards immediately

10/30/25Oct 30, 2025

First Bancorp appointed G. Adam Currie, CEO of First Bank since February 2025, to the boards of both First Bank and First Bancorp, effective immediately on October 30, 2025. The move signals board confidence in his vision amid the company's expansion across Carolinas. Currie drove growth since 2015. Strong leadership continuity.

8-K

Q3 EPS $0.49; adj $1.01

10/22/25Oct 22, 2025

First Bancorp posted Q3 net income of $20.4M ($0.49 diluted EPS), stung by a $27.9M securities loss from its loss-earnback swap—adjusted EPS hit $1.01. Yet loans surged $193.6M (9.3% annualized) to $8.4B, NIM widened 14bps to 3.46%, and deposits edged up $50.8M. Loan growth trimmed capital ratios slightly. Securities swap boosts future yields.

8-K

FBNC declares $0.23 dividend

9/12/25Sep 12, 2025

First Bancorp declared a $0.23 per share cash dividend on its common stock, payable October 25, 2025, to shareholders of record September 30, 2025. The board signals confidence amid Q2's stable credit quality and solid results. Dividends paid over 40 years. Commitment endures.

About

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts. It also offers commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, and letters of credit, as well as loans for personal uses, home improvement, and automobiles; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, safe deposit box rental services, and electronic funds transfer services consisting of wire transfers; and internet and mobile banking, mobile check deposit, cash management, bank-by-phone services, and remote deposit capture services. Further, it offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans; property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

CEO

Mr. Richard Hancock Moore

IPO

4/30/1987

Website

https://localfirstbank.com

Employees

1,352

Sector

Financial Services

Industry

Banks - Regional