secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000811589-26-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000065/0000811589-26-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000065/fbnc-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000811589-26-000065

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