earnings
confidence high
sentiment positive
materiality 0.70
First Bancorp reports Q3 adjusted EPS $1.01; margin expands to 3.46%, loans grow 9.3% annualized
FIRST BANCORP /NC/
2025-Q3 EPS reported
$2.30
- Net income $20.4M ($0.49 D-EPS) includes $27.9M securities loss; adjusted EPS $1.01.
- Net interest margin expanded 14 bps to 3.46%; net interest income up 6% linked quarter to $102.5M.
- Loan growth of $193.6M (9.3% annualized); loan yield up 16 bps to 5.69%.
- Securities loss-earnback: sold $194.3M (yield 1.63%), bought $167.4M at 4.83%, $27.9M loss.
- Hurricane Helene provision release of $4.0M; credit quality stable with NCO ratio 0.14%.