---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-26-000151"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2026-07-22T20:05:34+00:00"
generated_at: "2026-07-22T20:07:29.431670+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Bancorp Q2 EPS $1.22, net income $50.5M; announces acquisition of First Carolina Bancshares

## Summary
- Diluted EPS $1.22 vs $0.93 year ago; net income $50.5M, up 31% YoY.
- Net interest margin expanded to 3.71% from 3.32% a year ago; efficiency ratio improved to 49.12%.
- Total loans grew 9.3% YoY to $9.0B; total assets exceeded $13B.
- Announced acquisition of First Carolina Bancshares (Carolina Bank) with $831M assets, expected close late 2026/early 2027.
- Nonperforming assets low at 0.34% of total assets; net charge-offs 0.04% annualized.

## SEC filing metadata
- accession: 0000811589-26-000151
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2026-07-22T20:05:34+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158926000151/0000811589-26-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158926000151/fbnc-20260722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-26-000151
- JSON: https://secwatch.observer/filing/0000811589-26-000151.json
- Plain text: https://secwatch.observer/filing/0000811589-26-000151.txt

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