{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-23-000022","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.327906+00:00","generated_at":"2026-06-16T14:34:19.602635+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Bancorp Q1 net income $15.2M ($0.37 EPS) down 55% YoY; acquisition costs $24.4M","bullets":["Net income $15.2M, $0.37 diluted EPS; Q1 2022 net income $34.0M ($0.95 EPS).","GrandSouth acquisition closed Jan 1; merger expenses $12.2M and one-time loan loss provision $12.2M.","Organic loan growth $113.7M (5.9% annualized); organic deposit growth $95.2M (3.7% annualized).","Tax-equivalent net interest margin flat at 3.31%; loan yield up 60bp to 5.22%.","Nonperforming assets fell to 0.25% of total assets from 0.46% a year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-23-000022","json":"https://secwatch.observer/filing/0000811589-23-000022.json","markdown":"https://secwatch.observer/filing/0000811589-23-000022.md","text":"https://secwatch.observer/filing/0000811589-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000022/0000811589-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000022/fbnc-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:34:19.602635+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":"532bb96faa0661d8731bf0a1f1a94b58d5c8d3b6","claim":"FIRST BANCORP /NC/ reported the three months ended March 31, 2023 results: net income $15.2 million, EPS $0.37 per diluted common share.","evidence_excerpt":"First Bancorp (the \"Company\") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $15.2 million, or $0.37 per diluted common share, for the three months ended March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000022/0000811589-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"$15.2 million"},{"label":"EPS","value":"$0.37 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"}