secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0000811589-25-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158925000072/0000811589-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158925000072/fbnc-20251022.htm
  HTML page:      https://secwatch.observer/filing/0000811589-25-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer