{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-24-000025","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.040570+00:00","generated_at":"2026-06-03T10:34:46.033580+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Bancorp Q1 net income falls to $25.3M ($0.61 EPS) from $29.7M Q4; NIM slides to 2.80%","bullets":["Diluted EPS $0.61 vs $0.72 linked quarter and $0.37 year ago; net income $25.3M.","Tax-equivalent NIM declined to 2.80% from 3.31% YoY; net interest income $79.2M down 14.3% YoY.","Loan yield rose 23 bps to 5.45%, but total cost of funds increased to 1.79% from 0.94% YoY.","Nonperforming assets low at 0.39% of total assets; provision $1.2M vs $12.5M year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-24-000025","json":"https://secwatch.observer/filing/0000811589-24-000025.json","markdown":"https://secwatch.observer/filing/0000811589-24-000025.md","text":"https://secwatch.observer/filing/0000811589-24-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000025/0000811589-24-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000025/fbnc-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T10:34:46.033580+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":"e34e010f8fd2a3b43a4929f903137b350fd44102","claim":"FIRST BANCORP /NC/ reported the three months ended March 31, 2024 results: net income $25.3 million, EPS $0.61 per diluted common share.","evidence_excerpt":"announced today net income of $25.3 million, or $0.61 per diluted common share, for the three months ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000025/0000811589-24-000025-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Net income","value":"$25.3 million"},{"label":"EPS","value":"$0.61 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"}