FIRST BANCORP /NC/
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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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, 2026 · Filed Nov 2, 2026
FBNC$64.81-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Index
Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| ($ in thousands-unaudited) | 2026 | 2025 |
| Cash Flows From Operating Activities | ||
| Net Income | $148,454 | $95,335 |
| Reconciliation of net income to net cash provided by operating activities | ||
| Provision for credit losses | 5,552 | 6,770 |
| Net premium amortization and discount accretion | 241 | (464) |
| Deferred income taxes, net | 29,821 | $6,838 |
| Securities losses, net | — | 27,905 |
| Bank-owned life insurance income | (4,093) | (3,738) |
| Depreciation of premises and equipment | 4,915 | 5,106 |
| Stock-based compensation expense | 2,945 | 2,898 |
| Amortization of intangible assets | 3,599 | 4,378 |
| Gains on sale of loans | (4,064) | (2,308) |
| Origination of presold mortgage loans and SBA loans held for sale | (95,272) | (68,796) |
| Proceeds from sales of presold mortgage loans and SBA loans | 126,208 | 75,953 |
| Change in other assets, other liabilities and accrued interest, net | 13,447 | (2,017) |
| Other | (2,547) | 115 |
| Net cash provided by operating activities | 229,206 | 147,975 |
| Cash Flows From Investing Activities | ||
| Purchases of securities available for sale | (181,683) | (353,673) |
| Proceeds from maturities, calls and principal repayments of securities available for sale | 176,125 | 152,109 |
| Proceeds from maturities, calls and principal repayments of securities held to maturity | 1,731 | 1,982 |
| Proceeds from sales of securities available for sale | — | 166,372 |
| Purchases of Federal Reserve and FHLB stock | (375) | (398) |
| Redemptions of Federal Reserve and FHLB stock | 16 | — |
| Purchases of other investments | (9,093) | (17,072) |
| Net increase in loans | (408,074) | (330,748) |
| Purchases of premises and equipment | (6,451) | (3,073) |
| Other | 1,524 | 5,391 |
| Net cash (used in) investing activities | (426,280) | (379,110) |
| Cash Flows From Financing Activities | ||
| Net increase in deposits | 377,717 | 350,363 |
| Proceeds from the issuance of FHLB and FRB borrowings | 1,000 | 2,000 |
| Repayment of FHLB and FRB borrowings | (1,038) | (2,037) |
| Cash dividends paid – common stock | (29,398) | (27,747) |
| Repurchases of common stock | (7,270) | (992) |
| Proceeds from stock option exercises | 177 | 1,401 |
| Payment of taxes related to stock withheld | (1,998) | (1,385) |
| Net cash provided by financing activities | 339,190 | 321,603 |
| Increase in cash and cash equivalents | 142,116 | 90,468 |
| Cash and cash equivalents, beginning of period | 309,595 | 507,507 |
| Cash and cash equivalents, end of period | $451,711 | $597,975 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid during the period for interest | $110,733 | $121,183 |
| Cash paid during the period for income taxes | 2,623 | 9,046 |
| Cash paid during the period for the purchase of transferable tax credits | — | 9,337 |
| Non-cash: Unrealized (loss) gain on securities available for sale, net of taxes | (53,594) | 88,634 |
| Non-cash: Foreclosed loans transferred to foreclosed real estate | 561 | 1,076 |
| Non-cash: Accrued dividends at end of period | 9,935 | 9,537 |
| Non-cash: Initial recognition of operating lease right-of-use assets and liabilities | 686 | 939 |
| Non-cash: Affordable housing investments obtained in exchange for funding commitments | 44,995 | 81,420 |
See accompanying notes to consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.