FIRST BANCORP /NC/
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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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.
Sep 30, 2025 · Filed Nov 7, 2025
FBNC$64.81-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
Index
Consolidated Statements of Income
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| ($ in thousands, except per share data - unaudited) | 2025 | 2024 | 2025 | 2024 |
| Interest Income | ||||
| Interest and fees on loans | $118,822 | $111,076 | $342,286 | $331,346 |
| Interest on investment securities: | ||||
| Taxable interest income | 17,571 | 10,779 | 49,952 | 34,798 |
| Tax-exempt interest income | 1,114 | 1,116 | 3,346 | 3,350 |
| Other, principally overnight investments | 6,693 | 8,438 | 18,017 | 17,351 |
| Total interest income | 144,200 | 131,409 | 413,601 | 386,845 |
| Interest Expense | ||||
| Interest on deposits | 40,035 | 46,420 | 116,559 | 130,299 |
| Interest on borrowings | 1,676 | 1,946 | 4,994 | 13,114 |
| Total interest expense | 41,711 | 48,366 | 121,553 | 143,413 |
| Net interest income | 102,489 | 83,043 | 292,048 | 243,432 |
| Provision for credit losses | 3,442 | 14,200 | 6,770 | 15,941 |
| Net interest income after provision for credit losses | 99,047 | 68,843 | 285,278 | 227,491 |
| Noninterest Income | ||||
| Service charges on deposit accounts | 4,225 | 4,320 | 11,968 | 12,327 |
| Other service charges and fees | 6,355 | 5,555 | 18,833 | 16,439 |
| Presold mortgage loan fees and gains on sale | 471 | 690 | 1,236 | 1,616 |
| Commissions from sales of financial products | 1,678 | 1,371 | 4,474 | 4,068 |
| SBA loan sale gains | 869 | 1,108 | 1,072 | 3,339 |
| Bank-owned life insurance income | 1,289 | 1,205 | 3,738 | 3,548 |
| Securities losses, net | (27,905) | — | (27,905) | (1,161) |
| Other income, net | 139 | (670) | 948 | 900 |
| Total noninterest income | (12,879) | 13,579 | 14,364 | 41,076 |
| Noninterest Expense | ||||
| Salaries, incentives and commissions expense | 31,065 | 29,955 | 88,731 | 85,406 |
| Employee benefit expense | 5,751 | 6,495 | 18,033 | 19,467 |
| Total personnel expense | 36,816 | 36,450 | 106,764 | 104,873 |
| Occupancy and equipment expense | 5,145 | 4,884 | 15,532 | 15,835 |
| Intangibles amortization expense | 1,394 | 1,613 | 4,378 | 5,041 |
| Other operating expenses | 16,856 | 16,903 | 50,413 | 51,579 |
| Total noninterest expenses | 60,211 | 59,850 | 177,087 | 177,328 |
| Income before income taxes | 25,957 | 22,572 | 122,555 | 91,239 |
| Income tax expense | 5,594 | 3,892 | 27,220 | 18,575 |
| Net income | $20,363 | $18,680 | $95,335 | $72,664 |
| Earnings per common share: | ||||
| Basic | $0.49 | $0.45 | $2.30 | $1.76 |
| Diluted | 0.49 | 0.45 | 2.30 | 1.76 |
| Weighted average common shares outstanding: | ||||
| Basic | 41,237,874 | 40,971,520 | 41,179,363 | 40,924,822 |
| Diluted | 41,481,542 | 41,366,743 | 41,443,636 | 41,294,137 |
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