{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-23-000043","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.706899+00:00","generated_at":"2026-06-13T02:34:32.961641+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Bancorp Q2 net income $29.4M ($0.71 EPS); loans grow 5.1% annualized","bullets":["Net interest income $87.0M, up 11.1% YoY; NIM (tax-equivalent) 3.08% vs 3.18% a year ago.","Loans $7.9B, up $98.7M in Q2 (5.1% annualized); deposits grew $67.1M organically, noninterest-bearing 36% of total.","Nonperforming assets ratio 0.30%, down from 0.39% a year ago; provision for loan losses $3.7M.","GrandSouth acquisition closed Jan 2023 added $1.02B loans and $1.05B deposits; merger expenses $1.3M in Q2 vs $12.2M in Q1.","Capital ratios strong: CET1 12.76%, total RBC 15.10%; TCE/tangible assets 6.79%."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-23-000043","json":"https://secwatch.observer/filing/0000811589-23-000043.json","markdown":"https://secwatch.observer/filing/0000811589-23-000043.md","text":"https://secwatch.observer/filing/0000811589-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000043/0000811589-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000043/fbnc-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:34:32.961641+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":"40f9ff9f064a8ecdb71f3ceeb9bf064fa6f8e6f6","claim":"FIRST BANCORP /NC/ reported three months ended June 30, 2023 results: net income $29.4 million, EPS $0.71 per diluted common share.","evidence_excerpt":"First Bancorp (the \"Company\") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.4 million, or $0.71 per diluted common share, for the three months ended June 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158923000043/0000811589-23-000043-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Net income","value":"$29.4 million"},{"label":"EPS","value":"$0.71 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"}