secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0000811589-26-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000023/0000811589-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000023/fbnc-20260121.htm
  HTML page:      https://secwatch.observer/filing/0000811589-26-000023

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