SEC Form 10-Q filed by First Bancorp

4/A - FIRST BANCORP /NC/ (0000811589) (Issuer)

4/A - FIRST BANCORP /NC/ (0000811589) (Issuer)

4 - FIRST BANCORP /NC/ (0000811589) (Issuer)

Second Quarter 2025 Financial Data (Dollars in 000s, except per share data) Q2-2025 Q1-2025 Q2-2024 Summary Income Statement Total interest income $  136,741 $  132,660 $  128,822 Total interest expense 40,065 39,777 47,707 Net interest income 96,676 92,883 81,115 Provision for credit losses 2,212 1,116 541 Noninterest income 14,341 12,902 14,601 Noninterest expenses 58,983 57,893 58,291 Income tax expense 11,256 10,370 8,172 Net income $ 38,566 $ 36,406 $ 28,712 Key Metrics Diluted EPS $     0.93 $     0.88 $     0.70 Book value per share 37.53 36.46 34.10 Tangible book value per share 25.82 24.69 22.19 Return on average assets 1.24 % 1.21 % 0.96 % Return on average common equity 10.11 % 10

SOUTHERN PINES, N.C., June 13, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025. This represents an increase from $0.22 per share paid in the prior quarter. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong first quarter performance with continued momentum in net income and EPS as well as solid credit quality and adequate capital and liquidity positions.  In conjunction with our commitment to return capital to our shareholders, we are plea

GREENSBORO, N.C., June 4, 2025 /PRNewswire/ -- First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street. Larry brings over 21 years of extensive experience in the financial services industry, with a distinguished career focused on credit risk management. He joins First Bank from PNC, where he most recently served as Market Credit Executive.  "We are incredibly excited to welcome Larry Jackson to First Bank's leadership team," said Adam Currie, CEO of First Bank. "Larry's deep expertise in credit risk management, strong leadership skills, and hi

Piper Sandler resumed coverage of First Bancorp with a rating of Neutral and set a new price target of $48.00

Stephens initiated coverage of First Bancorp with a rating of Overweight and set a new price target of $48.00

Janney downgraded First Bancorp from Buy to Neutral

4 - FIRST BANCORP /NC/ (0000811589) (Issuer)

4 - FIRST BANCORP /NC/ (0000811589) (Issuer)

4 - FIRST BANCORP /NC/ (0000811589) (Issuer)

8-K - FIRST BANCORP /NC/ (0000811589) (Filer)

11-K - FIRST BANCORP /NC/ (0000811589) (Filer)

8-K - FIRST BANCORP /NC/ (0000811589) (Filer)

GREENSBORO, N.C., June 4, 2025 /PRNewswire/ -- First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street. Larry brings over 21 years of extensive experience in the financial services industry, with a distinguished career focused on credit risk management. He joins First Bank from PNC, where he most recently served as Market Credit Executive.  "We are incredibly excited to welcome Larry Jackson to First Bank's leadership team," said Adam Currie, CEO of First Bank. "Larry's deep expertise in credit risk management, strong leadership skills, and hi

SOUTHERN PINES, N.C., Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank (the "Bank"), today announced the promotion of G. Adam Currie from President to Chief Executive Officer (CEO) of the Bank. Currie will replace Michael G. Mayer, who will remain as President of First Bancorp until early 2026.  "This transition is the culmination of a succession plan that has been in place for many years," said Richard H. Moore, Chief Executive Officer and Chairman of the Board of Directors of First Bancorp. "It is my privilege to hand over the reins to Adam at this stage of our Company's 90-year history. He has demonstrated his astute kn

RALEIGH, N.C., Jan. 16, 2025 /PRNewswire/ -- First Bank, a leader in the banking industry in the Carolinas, is thrilled to join forces with the Carolina Hurricanes for an exciting new initiative: The Power of Good Goals. Every time the Canes score, First Bank will donate $100 to the Carolina Hurricanes Foundation, fueling their incredible work in the community. From youth hockey programs and educational support to health and wellness initiatives, this partnership will help the Foundation continue to make a difference for countless individuals across the region. "We are incredibly excited to be partnering with the Carolina Hurricanes Foundation," said Adam Currie, President of First Bank. "Th

Second Quarter 2025 Financial Data (Dollars in 000s, except per share data) Q2-2025 Q1-2025 Q2-2024 Summary Income Statement Total interest income $  136,741 $  132,660 $  128,822 Total interest expense 40,065 39,777 47,707 Net interest income 96,676 92,883 81,115 Provision for credit losses 2,212 1,116 541 Noninterest income 14,341 12,902 14,601 Noninterest expenses 58,983 57,893 58,291 Income tax expense 11,256 10,370 8,172 Net income $ 38,566 $ 36,406 $ 28,712 Key Metrics Diluted EPS $     0.93 $     0.88 $     0.70 Book value per share 37.53 36.46 34.10 Tangible book value per share 25.82 24.69 22.19 Return on average assets 1.24 % 1.21 % 0.96 % Return on average common equity 10.11 % 10

SOUTHERN PINES, N.C., June 13, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025. This represents an increase from $0.22 per share paid in the prior quarter. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong first quarter performance with continued momentum in net income and EPS as well as solid credit quality and adequate capital and liquidity positions.  In conjunction with our commitment to return capital to our shareholders, we are plea

SOUTHERN PINES, N.C., April 23, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today.  The Company announced net income of $36.4 million, or $0.88 diluted earnings per share ("D-EPS"), for the three months ended March 31, 2025 compared to $3.6 million, or $0.08 D-EPS, for the three months ended December 31, 2024 ("linked quarter") and $25.3 million, or $0.61 D-EPS, for the first quarter of 2024 ("like quarter"). The Company continued its efforts to enhance net interest income and net interest margin. The Company recorded net interest income of $92.9 million for the first quarter of 2025, compared

SC 13G - FIRST BANCORP /NC/ (0000811589) (Subject)

SC 13G/A - FIRST BANCORP /NC/ (0000811589) (Subject)

SC 13G/A - FIRST BANCORP /NC/ (0000811589) (Subject)