FIRST BANCORP /NC/ (FBNC) Form 8-K — Oct 21, 2026
First Bancorp (NASDAQ: FBNC) reported Q3 2026 net income of $51.3 million, or $1.24 diluted EPS, up from $1.22 in the linked quarter and from $0.49 ($1.01 adjusted) a year earlier. Net interest income rose to $114.8 million with NIM expanding 4 basis points to 3.75%, while loans grew $116.2 million (5.1% annualized) to $9.1 billion and deposits reached $11.1 billion.
Key figures
- Eps
- 1.24
- Revenue
- 153979000
- Net Income
- 51276000
- Total Assets
- 13151553000
- Cash Position
- 451711000
- Shares Outstanding
- 41399233
- Nim
- 3.75%
- Roa
- 1.55%
- Acl ratio
- 1.36%
- Cet1 ratio
- 14.26%
- Total loans
- $9.1 billion
- Total deposits
- $11.1 billion
- Merger expenses
- $0.5 million
- Efficiency ratio
- 49.09%
- Adjusted net income
- $51.6 million
- Net interest income
- 114797000
- Adjusted diluted eps
- 1.24
- Net charge off ratio
- 0.09% annualized
- Noninterest expenses
- $64.0 million
- Loan growth linked quarter
- $116.2 million (5.1% annualized)
- Provision for credit losses
- $1.3 million
- Tangible book value per share
- 29.77
- Total risk based capital ratio
- 16.22%
AI analysis
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