---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-25-000072"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:54:15.773223+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Bancorp reports Q3 adjusted EPS $1.01; margin expands to 3.46%, loans grow 9.3% annualized

## Summary
- 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%.

## SEC filing metadata
- accession: 0000811589-25-000072
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2025-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158925000072/0000811589-25-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158925000072/fbnc-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-25-000072
- JSON: https://secwatch.observer/filing/0000811589-25-000072.json
- Plain text: https://secwatch.observer/filing/0000811589-25-000072.txt

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