---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-25-000035"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:54:30.082094+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Bancorp Q2 EPS $0.93 beats prior; NIM expands; dividend raised to $0.23

## Summary
- Net income $38.6M ($0.93 diluted EPS) vs $36.4M ($0.88) linked and $28.7M ($0.70) YoY.
- NIM expanded to 3.32% from 3.25% linked and 2.84% YoY; net interest income $96.7M (+4.1% linked).
- Loans grew $122.6M (6.07% annualized) to $8.225B; core deposits up $140.4M.
- Quarterly dividend raised to $0.23/share effective June 30, 2025.
- Hurricane Helene reserve reduced $3.5M ($0.06/share benefit); NCOs 0.06% annualized.

## SEC filing metadata
- accession: 0000811589-25-000035
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2025-07-23T23:59:59+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/811589/000081158925000035/0000811589-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158925000035/fbnc-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-25-000035
- JSON: https://secwatch.observer/filing/0000811589-25-000035.json
- Plain text: https://secwatch.observer/filing/0000811589-25-000035.txt

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