secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2026-07-22T20:05:34+00:00
Accession:  0000811589-26-000151
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000151/0000811589-26-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000151/fbnc-20260722.htm
  HTML page:      https://secwatch.observer/filing/0000811589-26-000151

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