FIRST BANCORP /NC/

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

About this filing

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, 2026 · Filed Aug 6, 2026

FBNC$64.81-0.8%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Index

Consolidated Statements of Income

	Three Months Ended June 30,		Six Months Ended June 30,
($ in thousands, except per share data - unaudited)	2026	2025	2026	2025
Interest Income
Interest and fees on loans	$125,845	$112,921	$246,592	$223,418
Interest on investment securities:
Taxable interest income	16,925	16,857	34,481	32,381
Tax-exempt interest income	1,115	1,116	2,230	2,232
Other, principally overnight investments	4,430	5,837	7,402	11,324
Total interest income	148,315	136,731	290,705	269,355
Interest Expense
Interest on deposits	35,812	38,405	69,858	76,524
Interest on borrowings	1,237	1,660	2,465	3,318
Total interest expense	37,049	40,065	72,323	79,842
Net interest income	111,266	96,666	218,382	189,513
Provision for credit losses	1,169	2,212	4,252	3,328
Net interest income after provision for credit losses	110,097	94,454	214,130	186,185
Noninterest Income
Service charges on deposit accounts	4,205	3,976	8,159	7,743
Other service charges and fees	5,986	6,605	11,928	12,524
Presold mortgage loan fees and gains on sale	660	315	1,329	765
Commissions from sales of financial products	1,707	1,388	3,199	2,796
SBA loan sale gains	529	151	1,432	203
Bank-owned life insurance income	1,358	1,221	2,698	2,449
Other income, net	1,589	636	2,467	768
Total noninterest income	16,034	14,292	31,212	27,248
Noninterest Expense
Salaries, incentives and commissions expense	31,529	29,005	61,507	57,666
Employee benefit expense	6,958	6,187	13,474	12,282
Total personnel expense	38,487	35,192	74,981	69,948
Occupancy and equipment expense	4,961	5,195	10,316	10,387
Intangibles amortization expense	1,199	1,468	2,446	2,984
Other operating expenses	18,114	17,069	35,236	33,516
Total noninterest expenses	62,761	58,924	122,979	116,835
Income before income taxes	63,370	49,822	122,363	96,598
Income tax expense	12,851	11,256	25,185	21,626
Net income	$50,519	$38,566	$97,178	$74,972
Earnings per common share:
Basic	$1.22	$0.93	$2.35	$1.81
Diluted	1.22	0.93	2.35	1.81
Weighted average common shares outstanding:
Basic	41,184,914	41,168,260	41,217,526	41,149,623
Diluted	41,375,377	41,441,393	41,417,215	41,424,063

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.