First Bancorp

FBNC

Market cap $2.43B

SOUTHERN PINES, N.C., April 30, 2026 /PRNewswire/ -- First Bank, a subsidiary of First Bancorp (NASDAQ: FBNC), has appointed Andy Scott as Triangle Regional Executive.

SOUTHERN PINES, N.C., April 28, 2026 /PRNewswire/ -- First Bancorp (NASDAQ: FBNC), the parent company of First Bank (collectively, the "Company"), today announced the appointment of Kate Nevin and Peter Hans to its Board of Directors, effective immediately.

Although the revenue and EPS for First Bancorp (FBNC) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Bancorp (FBNC) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago.

First Quarter 2026 Financial Data (Dollars in 000s, except per share data) Q1-2026 Q4-2025 Q1-2025 Summary Income Statement Total interest income $           142,390 $           143,634 $           132,624 Total interest expense 35,274 37,435 39,777 Net interest income 107,116 106,199 92,847 Provision for credit losses 3,083 4,732 1,116 Noninterest income 15,178 (22,479) 12,956 Noninterest expenses 60,218 62,043 57,911 Income tax expense 12,334 1,232 10,370 Net income $             46,659 $             15,713 $             36,406 Key Metrics Diluted EPS $                 1.13 $                 0.38 $                 0.88 Adjusted diluted EPS (1) 1.13 1.19 0.88 Book value per share 40.68 39.89 36.46 Tangible book value per share 29.01 28.23 24.69 ROA 1.48 % 0.49 % 1.21 % Adjusted ROA (1) 1.48 % 1.54 % 1.21 % ROCE 11.22 % 3.83 % 10.06 % Adjusted ROCE (1) 11.22 % 12.01 % 10.06 % ROTCE 16.05 % 5.80 % 15.54 % Adjusted ROTCE (1) 16.05 % 17.45 % 15.54 % NIM 3.67 % 3.58 % 3.25 % NIM- T/E 3.69 % 3.60 % 3.27 % Efficiency ratio 49.05 % 73.75 % 54.51 % Quarterly NCO ratio 0.06 % 0.05 % 0.17 % ACL ratio 1.42 % 1.42 % 1.49 % Capital Ratios (2) Tangible common equity to tangible assets 9.63 % 9.61 % 8.55 % Common equity tier I capital ratio 14.11 % 14.10 % 14.52 % Total risk-based capital ratio 16.10 % 16.12 % 16.80 % (1) Q4-2025 adjusted to exclude impact of securities loss of $43.7 million (after tax $33.6 million).  See Appendices D, E, F and G.

GREENVILLE, S.C., April 7, 2026 /PRNewswire/ -- First Bank (NASDAQ: FBNC), has appointed Will Aiken as Managing Director, Specialty Businesses, reinforcing its commitment to expanding and strengthening key areas of the Bank's business.

First BanCorp. maintains a soft 'Buy' rating, supported by robust asset quality and improving core deposits. FBP's net interest margin rose to 4.68%, driving net income growth and outperformance versus the S&P 500. Valuation remains attractive with a 9.2x P/E, though price-to-book ratios are less compelling compared to peers.

First Bancorp (FBNC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Old North State Trust sold all of its 72,921 shares of First Bancorp in the fourth quarter; the estimated transaction value was $3.70 million based on quarterly average prices. Meanwhile, the quarter-end position value decreased by $3.86 million, reflecting the sale and stock price movement.

SOUTHERN PINES, N.C., March 23, 2026 /PRNewswire/ -- First Bank (NASDAQ: FBNC), a leading regional bank serving the Carolinas, has been ranked #14 among U.S. public banks with over $10 billion in assets by S&P Global Market Intelligence, based on 2025 financial performance.