Highest-materiality recent filing
First Bancorp Q2 EPS $1.22, net income $50.5M; announces acquisition of First Carolina Bancshares
Diluted EPS $1.22 vs $0.93 year ago; net income $50.5M, up 31% YoY.
First Bancorp to acquire First Carolina Bancshares for $166M in stock and cash
Aggregate consideration $166M, or $64.22 per share, consisting of 1.97M shares and $40M cash.
First Bancorp Q1 net income $46.7M, EPS $1.13; NIM expands 42 bps YoY
Net income $46.7M ($1.13 D-EPS) vs $15.7M ($0.38) linked quarter and $36.4M ($0.88) year ago.
First Bancorp boosts dividend 4.3% to $0.24, authorizes $40M buyback; director Capel retires
Director Mary Clara Capel retired effective Jan 27, 2026; served since 2005, not due to disagreement.
First Bancorp Q4 2025 adjusted EPS $1.19; NIM expands to 3.58%, loan growth 14.3% annualized
GAAP D-EPS $0.38 includes $43.7M securities loss; adjusted D-EPS $1.19 vs $0.76 in Q4 2024.
First Bancorp reports Q3 adjusted EPS $1.01; margin expands to 3.46%, loans grow 9.3% annualized
Net income $20.4M ($0.49 D-EPS) includes $27.9M securities loss; adjusted EPS $1.01.
First Bancorp Q2 EPS $0.93 beats prior; NIM expands; dividend raised to $0.23
Net income $38.6M ($0.93 diluted EPS) vs $36.4M ($0.88) linked and $28.7M ($0.70) YoY.
First Bancorp Q1 net income $36.4M ($0.88 EPS), NIM expands 47bp YoY to 3.27%
Net income $36.4M ($0.88 D-EPS) vs $3.6M ($0.08) linked quarter and $25.3M ($0.61) year ago; adjusted D-EPS $0.84.
First Bancorp appoints Adam Currie as First Bank CEO, authorizes $40M share repurchase
Adam Currie appointed President and CEO of First Bank, effective Feb 7, 2025, replacing Michael G. Mayer.
Q4 2024 net income $3.6M vs $18.7M linked quarter; adjusted net income $31.7M, adjusted diluted EPS $0.76.
First Bancorp Q3 net income $18.7M ($0.45 EPS); $13M Hurricane Helene provision
Net income $18.7M vs $28.7M linked quarter; adjusted net income $29.0M ($0.70) excluding Helene charges.
First Bancorp Q2 net income $28.7M ($0.70 EPS); NIM expands to 2.87%
Net income $28.7M ($0.70 diluted EPS), up from $25.3M ($0.61) linked quarter; vs $29.4M ($0.71) year ago.
First Bancorp Q1 net income falls to $25.3M ($0.61 EPS) from $29.7M Q4; NIM slides to 2.80%
Diluted EPS $0.61 vs $0.72 linked quarter and $0.37 year ago; net income $25.3M.
First Bancorp Q4 net income $29.7M ($0.72 EPS) down 23% YoY; loan growth 6.1% annualized
Net income of $29.7M ($0.72 diluted EPS) vs $38.4M ($1.08) in Q4 2022, a 23% decline.
First Bancorp Q3 net income $29.9M ($0.73/sh), down from $1.06 a year ago
Net income $29.9M ($0.73 diluted EPS) vs $37.9M ($1.06) in Q3 2022; up from $29.4M ($0.71) in linked quarter.
First Bancorp Q2 net income $29.4M ($0.71 EPS); loans grow 5.1% annualized
Net interest income $87.0M, up 11.1% YoY; NIM (tax-equivalent) 3.08% vs 3.18% a year ago.
First Bancorp Q1 net income $15.2M ($0.37 EPS) down 55% YoY; acquisition costs $24.4M
Net income $15.2M, $0.37 diluted EPS; Q1 2022 net income $34.0M ($0.95 EPS).
First Bancorp Q4 net income $38.4M ($1.08 EPS); closes GrandSouth acquisition Jan 1
Q4 2022 net income $38.4M ($1.08 diluted EPS) vs $10.5M ($0.30) in Q4 2021.
First Bancorp completes acquisition of GrandSouth Bancorporation; total assets ~$12B
GrandSouth shareholders receive 0.91 shares of FBNC per share; fractional shares cashed at $38.98/share.
First Bancorp Q3 net income $37.9M ($1.06 EPS) beats year ago; margin expands; GrandSouth on track
EPS of $1.06 (diluted) vs $0.97 year ago; net income $37.9M, up 37% YoY.
Brent Hicks (age 52) was named Executive Vice President and Chief Accounting Officer of the Company and the Bank
on May 13, 2024, Christian Wilson (age 43) was named Executive Vice President and Chief Operating Officer of the Bank
Effective July 6, 2021, the Boards of Directors of First Bancorp and First Bank appointed Dexter V. Perry to the Boards of Directors of First Bancorp and First Bank.
Max materiality 0.80 · Median 0.43 · Most common event earnings