---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-25-000010"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T02:28:07.655997+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# First Bancorp replaces auditor BDO with Crowe LLP effective March 6, 2025

## Summary
- Audit Committee engaged Crowe LLP for FY ending Dec 31, 2025; BDO USA dismissed same day.
- No disagreements or adverse opinions between company and BDO for 2023 or 2024.
- Material weakness in IT user access controls (disclosed in 2023 10-K) was fully remediated by June 30, 2024.
- No prior consultations with Crowe regarding accounting principles or audit opinions.
- BDO USA provided letter agreeing with above statements, filed as Exhibit 16.1.

## SEC filing metadata
- accession: 0000811589-25-000010
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158925000010/0000811589-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158925000010/fbnc-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-25-000010
- JSON: https://secwatch.observer/filing/0000811589-25-000010.json
- Plain text: https://secwatch.observer/filing/0000811589-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.