FIRST BANCORP NC
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
FBNC$64.81-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
Index
Consolidated Statements of Comprehensive Income
| Three Months EndedJune 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| ($ in thousands - unaudited) | 2024 | 2023 | 2024 | 2023 |
| Net income | $28,712 | $29,403 | $53,984 | $44,564 |
| Other comprehensive income (loss): | ||||
| Unrealized gains (losses) on securities available for sale: | ||||
| Unrealized holding gains (losses) arising during the period, pretax | 8,614 | (31,415) | (10,529) | 3,918 |
| Tax (expense) benefit | (1,995) | 7,273 | 2,437 | (152) |
| Reclassification to realized losses | 186 | — | 1,161 | — |
| Tax expense | (43) | — | (269) | — |
| Postretirement Plans: | ||||
| Amortization of unrecognized net actuarial losses | 25 | 44 | 50 | 88 |
| Tax benefit | (5) | (10) | (11) | (21) |
| Other comprehensive income (loss) | 6,782 | (24,108) | (7,161) | 3,833 |
| Comprehensive income | $35,494 | $5,295 | $46,823 | $48,397 |
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