First Bancorp Q1 net income $46.7M, EPS $1.13; NIM expands 42 bps YoY

FIRST BANCORP /NC/

2026-Q1 EPS reported $1.13

Net income $46.7M ($1.13 D-EPS) vs $15.7M ($0.38) linked quarter and $36.4M ($0.88) year ago.
Net interest margin 3.67%, up 9 bps from Q4 2025 and 42 bps from Q1 2025.
Total loans $8.79B, up $71.4M (3.3% annualized); adjusting for one seasonal paydown, loan growth 5.9% annualized.
Noninterest expenses $60.2M, down $1.8M from linked quarter; efficiency ratio 49.05%.
Tangible book value per share $29.01, up from $28.23 at year-end 2025 and $24.69 a year ago.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST BANCORP /NC/ reported the three months ended March 31, 2026 results: net income $46.7 million, EPS $1.13.

Period: the three months ended March 31, 2026
Net income: $46.7 million
EPS: $1.13
Result: reported results

Exact text from the filing

The Company announced net income of $46.7 million, or $1.13 diluted earnings per share ("D-EPS"), for the three months ended March 31, 2026

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FIRST BANCORP /NC/ filing history →

Source: SEC EDGAR

accession 0000811589-26-000065

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