FIRST BANCORP NC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
FBNC$64.81-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss)
| Year Ended December 31, | |||
|---|---|---|---|
| ($ in thousands) | 2024 | 2023 | 2022 |
| Net income | $76,215 | $104,131 | $146,936 |
| Other comprehensive income (loss): | |||
| Unrealized gains (losses) on securities available for sale: | |||
| Unrealized holding (losses) gains arising during the period, pretax | (5,316) | 43,343 | (411,996) |
| Tax benefit (expense) | 2,043 | (9,279) | 94,677 |
| Reclassification to realized losses | 37,981 | — | — |
| Tax benefit | (8,869) | — | — |
| Postretirement plans: | |||
| Net gains (losses) arising during period | 111 | (607) | 695 |
| Tax (expense) benefit | (26) | 141 | (159) |
| Amortization of unrecognized net actuarial gains (losses) | 100 | (545) | (288) |
| Tax (expense) benefit | (23) | 126 | 66 |
| Reclassification of net actuarial losses due to settlement to realized losses | — | 998 | — |
| Tax benefit | — | (232) | — |
| Other comprehensive income (loss) | 26,001 | 33,945 | (317,005) |
| Comprehensive income (loss) | $102,216 | $138,076 | $(170,069) |
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