FIRST BANCORP /NC/
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
FBNC$64.81-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ($ in thousands) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Cash and due from banks, noninterest-bearing | $146,759 | $78,596 |
| Due from banks, interest-bearing | 162,836 | 428,911 |
| Total cash and cash equivalents | 309,595 | 507,507 |
| Securities available for sale (amortized cost of $2,242,678 and $2,411,117, respectively) | 2,048,556 | 2,043,062 |
| Securities held to maturity (fair values of $448,452 and $428,571, respectively) | 513,099 | 519,998 |
| Presold mortgages in process of settlement | 7,790 | 5,942 |
| Loans | 8,722,419 | 8,094,676 |
| Allowance for credit losses on loans | (123,581) | (122,572) |
| Net loans | 8,598,838 | 7,972,104 |
| Premises and equipment, net | 139,125 | 143,459 |
| Accrued interest receivable | 39,206 | 36,329 |
| Goodwill | 478,750 | 478,750 |
| Other intangible assets, net | 17,232 | 22,904 |
| Bank-owned life insurance | 193,286 | 188,460 |
| Other assets | 322,862 | 229,179 |
| Total assets | $12,668,339 | $12,147,694 |
| Liabilities | ||
| Deposits | ||
| Noninterest-bearing deposits | $3,486,985 | $3,367,624 |
| Interest-bearing deposits | 7,261,436 | 7,162,901 |
| Total deposits | 10,748,421 | 10,530,525 |
| Borrowings | 74,569 | 91,876 |
| Accrued interest payable | 3,747 | 4,604 |
| Other liabilities | 187,434 | 75,078 |
| Total liabilities | 11,014,171 | 10,702,083 |
| Commitments and contingencies (see Note 12) | ||
| Shareholders’ Equity | ||
| Preferred stock, no par value per share. Authorized: 5,000,000 shares | ||
| Issued & outstanding: none and none, respectively | — | — |
| Common stock, no par value per share. Authorized: 60,000,000 shares | ||
| Issued & outstanding: 41,466,227 shares and 41,347,418 shares, respectively | 973,884 | 971,313 |
| Retained earnings | 829,659 | 756,327 |
| Stock in rabbi trust assumed in acquisition | (885) | (1,148) |
| Rabbi trust obligation | 885 | 1,148 |
| Accumulated other comprehensive income (loss) | (149,375) | (282,029) |
| Total shareholders’ equity | 1,654,168 | 1,445,611 |
| Total liabilities and shareholders’ equity | $12,668,339 | $12,147,694 |
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