First Bancorp Q3 EPS $1.24 vs $0.49 a year ago; NIM expands to 3.75%

FIRST BANCORP /NC/

Net income $51.3M, or $1.24 diluted EPS, vs $50.5M/$1.22 in Q2 2026 and $20.4M/$0.49 in Q3 2025; Q3 2025 adjusted EPS was $1.01.
Net interest income $114.8M, up 3.2% QoQ and 12.0% YoY; NIM 3.75%, up 4 bps QoQ and 29 bps YoY.
Loans $9.1B, up $116.2M (5.1% annualized) QoQ and 8.1% YoY; deposits $11.1B; efficiency ratio 49.09% vs 66.92% a year ago.
Provision for credit losses $1.3M; net charge-offs 0.09% annualized; NPAs $45.0M (0.34% of assets); ACL 1.36% of loans.
Pending Carolina Bank acquisition scheduled to close in early 2027; $0.5M of merger expenses recognized in Q3 2026.

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