---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-26-000162"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2026-10-21T20:05:18+00:00"
generated_at: "2026-10-21T20:08:10.279188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000811589-26-000162
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2026-10-21T20:05:18+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158926000162/0000811589-26-000162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158926000162/fbnc-20261021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-26-000162
- JSON: https://secwatch.observer/filing/0000811589-26-000162.json
- Plain text: https://secwatch.observer/filing/0000811589-26-000162.txt

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