---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-26-000149"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2026-07-14T12:45:27+00:00"
generated_at: "2026-07-14T12:50:07.477737+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Bancorp to acquire First Carolina Bancshares for $166M in stock and cash

## Summary
- Aggregate consideration $166M, or $64.22 per share, consisting of 1.97M shares and $40M cash.
- Carolina Bank has $831M assets, 14 branches in SC, LTM ROAA 1.60%.
- Expected close Q4 2026 or early Q1 2027, subject to shareholder and regulatory approvals.
- First Bancorp will strengthen SC presence; pro forma top 10 deposit market share in both Carolinas.
- Support agreements from directors and officers representing 40% of First Carolina shares.

## SEC filing metadata
- accession: 0000811589-26-000149
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2026-07-14T12:45:27+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158926000149/0000811589-26-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158926000149/fbnc-20260714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-26-000149
- JSON: https://secwatch.observer/filing/0000811589-26-000149.json
- Plain text: https://secwatch.observer/filing/0000811589-26-000149.txt

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