{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-23-000005","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2023-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.151506+00:00","generated_at":"2026-06-20T10:07:10.305951+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Bancorp Q4 net income $38.4M ($1.08 EPS); closes GrandSouth acquisition Jan 1","bullets":["Q4 2022 net income $38.4M ($1.08 diluted EPS) vs $10.5M ($0.30) in Q4 2021.","Full-year 2022 net income $146.9M ($4.12 per diluted share) vs $95.6M ($3.19) in 2021.","Total loans grew 9.6% YoY to $6.7B; NPA ratio improved to 0.36%.","GrandSouth acquisition closed Jan 1, 2023, adding ~$1.2B in assets, 8 branches in SC.","Net interest margin tax-equivalent 3.28% for full year 2022, up from 3.16% in 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-23-000005","json":"https://secwatch.observer/filing/0000811589-23-000005.json","markdown":"https://secwatch.observer/filing/0000811589-23-000005.md","text":"https://secwatch.observer/filing/0000811589-23-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000005/0000811589-23-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000005/fbnc-20230124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:07:10.305951+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26fc47eef4ccd8d7332a38b435d6dc1740926f7e","claim":"FIRST BANCORP /NC/ reported the three months ended December 31, 2022 results: net income $38.4 million, EPS $1.08 per diluted common share.","evidence_excerpt":"First Bancorp (the \"Company\") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $38.4 million, or $1.08 per diluted common share, for the three months ended December 31, 2022, compared to $37.9 million, or $1.06 per diluted common share for th e three months ended September 30, 2022 (\"linked quarter\") and $10.5 million, or $0.30 per diluted common share, recorded in the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000005/0000811589-23-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2022"},{"label":"Net income","value":"$38.4 million"},{"label":"EPS","value":"$1.08 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e16f26c00e7618dfeb1b1e1439667692962ef1cc","claim":"FIRST BANCORP /NC/ reported the twelve months ended December 31, 2022 results: net income $146.9 million, EPS $4.12 per diluted common share.","evidence_excerpt":"For the twelve months ended December 31, 2022, the Company recorded net income of $146.9 million, or $4.12 per diluted common share, compared to $95.6 million, or $3.19 per diluted common share for the twelve months ended December 31, 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000005/0000811589-23-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended December 31, 2022"},{"label":"Net income","value":"$146.9 million"},{"label":"EPS","value":"$4.12 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}