---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-26-000023"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2026-01-21T23:59:59+00:00"
generated_at: "2026-05-16T09:25:10.302140+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Bancorp Q4 2025 adjusted EPS $1.19; NIM expands to 3.58%, loan growth 14.3% annualized

## Summary
- GAAP D-EPS $0.38 includes $43.7M securities loss; adjusted D-EPS $1.19 vs $0.76 in Q4 2024.
- Net interest margin 3.58%, up 53 bps YoY; net interest income $106.2M, +19.5% YoY.
- Loans grew $303.2M (14.3% annualized) to $8.72B; credit quality stable, NCO ratio 0.05%.
- Securities loss-earnback: sold $342M at 1.67%, bought $228.4M at 4.36% yield; total securities loss $43.7M.
- Tangible common equity ratio improved to 9.61% from 8.22% a year ago; total risk-based capital 16.08%.

## SEC filing metadata
- accession: 0000811589-26-000023
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2026-01-21T23:59:59+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/811589/000081158926000023/0000811589-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158926000023/fbnc-20260121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-26-000023
- JSON: https://secwatch.observer/filing/0000811589-26-000023.json
- Plain text: https://secwatch.observer/filing/0000811589-26-000023.txt

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