{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-25-000019","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2025-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.359006+00:00","generated_at":"2026-05-23T08:40:20.436443+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 Q1 net income $36.4M ($0.88 EPS), NIM expands 47bp YoY to 3.27%","bullets":["Net income $36.4M ($0.88 D-EPS) vs $3.6M ($0.08) linked quarter and $25.3M ($0.61) year ago; adjusted D-EPS $0.84.","NIM-T/E expanded to 3.27% (up 19bp linked, 47bp YoY); net interest income $92.9M, up 17.2% YoY.","Noninterest expenses $57.9M, down $1.3M YoY; FTE employees reduced by 18 to 1,353.","Loan growth $8.4M to $8.1B; deposits grew $214.1M to $10.7B; NPAs 0.27% of assets, net charge-offs 0.17%.","Common equity tier 1 ratio 14.53% (est.), up 18bp linked; repurchased 24,849 shares for $1.0M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-25-000019","json":"https://secwatch.observer/filing/0000811589-25-000019.json","markdown":"https://secwatch.observer/filing/0000811589-25-000019.md","text":"https://secwatch.observer/filing/0000811589-25-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158925000019/0000811589-25-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158925000019/fbnc-20250423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T08:40:20.436443+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}