---
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"
generated_at: "2026-05-23T08:40:20.436443+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Bancorp Q1 net income $36.4M ($0.88 EPS), NIM expands 47bp YoY to 3.27%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-25-000019
- JSON: https://secwatch.observer/filing/0000811589-25-000019.json
- Plain text: https://secwatch.observer/filing/0000811589-25-000019.txt

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