First Bancorp N C (FBNC) Stock News

First Bancorp (NASDAQ: FBNC) announced that G. Adam Currie, who was named Chief Executive Officer of First Bank in February 2025, has been appointed to the Boards of Directors of both First Bank and First Bancorp, effective immediately.

Currie joined First Bank in 2015 and previously served as President, Chief Banking Officer, and Regional President. The company highlighted his role in expanding the Bank's presence across North and South Carolina and his commitment to shareholder value and financial performance.

Currie held prior senior roles at PNC Capital Markets and RBC Bank and holds a BA in Economics from the University of North Carolina at Chapel Hill.

First Bancorp (NASDAQ: FBNC) reported Q3 2025 net income $20.4M and D‑EPS $0.49. Excluding a $27.9M securities loss (after‑tax $21.4M), adjusted D‑EPS was $1.01.

Key operating metrics: net interest income $102.5M, NIM 3.46% (up 14 bps linked, 58 bps YoY), total loans $8.4B (up $193.6M; 9.3% annualized), average core deposits $10.8B, and noninterest expense $60.2M. Allowance for credit losses was $120.9M (ACL ratio 1.44%) and nonperforming assets were $39.0M (0.31% of assets).

First Bank (NASDAQ: FBNC) extended its sponsorship of the Carolina Hurricanes and the Good Goals program for three more years through the 2027-28 season. First Bank will donate $100 to the Carolina Hurricanes Foundation for each Hurricanes goal scored in regular-season play from now through 2027-28; last season's initiative generated nearly $27,000 for the foundation.

The partnership includes in-arena activations like t-shirt tosses, ongoing local sponsorships such as the Steven Tanger Center Broadway Series, and highlights the bank's community focus. First Bank also received BCI's Most Effective Recovery Award in the Americas for Hurricane Helene response and is a finalist for BCI's global awards announced mid-November 2025.

First Bancorp (NASDAQ: FBNC) has declared a quarterly cash dividend of $0.23 per share, payable on October 25, 2025, to shareholders of record as of September 30, 2025. The company, with total assets of $12.6 billion, operates First Bank across 113 branches in North and South Carolina.

CEO Richard Moore highlighted the company's focus on customer service, maintaining strong capital and liquidity positions, and stable credit quality. First Bancorp has maintained its dividend payment track record for over forty years, demonstrating its commitment to shareholder returns.

First Bancorp (NASDAQ:FBNC) reported strong Q2 2025 financial results with net income of $38.6 million, or $0.93 diluted earnings per share, up from $36.4 million ($0.88/share) in Q1 2025 and $28.7 million ($0.70/share) in Q2 2024.

Key highlights include: Net interest margin expanded to 3.32% from 3.25% in Q1; loan growth of 6.07% annualized reaching $8.2 billion; and strong asset quality with nonperforming assets at just 0.28% of total assets. The bank maintained solid capital ratios with common equity tier 1 at 14.62% and increased its quarterly dividend to $0.23 per share.

Total deposits grew with noninterest-bearing deposits reaching $3.5 billion, representing 33% of total deposits. The bank's efficiency in managing expenses was evident with noninterest expenses of $59.0 million, only slightly up from previous quarters.

First Bancorp (NASDAQ: FBNC) has announced an increase in its quarterly cash dividend to $0.23 per share, up from $0.22 in the previous quarter. The dividend will be paid on July 25, 2025, to shareholders of record as of June 30, 2025. CEO Richard Moore attributed the dividend increase to the company's strong first quarter performance, highlighting improved net income, EPS growth, solid credit quality, and robust capital and liquidity positions. First Bancorp, headquartered in Southern Pines, North Carolina, is a bank holding company with $12.4 billion in total assets, operating 113 branches across North and South Carolina through its subsidiary First Bank, which has been providing tailored banking services since 1935.

First Bank (NASDAQ: FBNC) has appointed Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson, who brings over 21 years of financial services experience, joins from PNC where he served as Market Credit Executive. The appointment comes as current credit officer Mike Brower prepares for retirement later this fall. Jackson will be based in Greensboro, NC, and will relocate with his family from Michigan. First Bank, a state-chartered community bank with $12.1 billion in assets, operates 113 branches across North and South Carolina. The bank's CEO Adam Currie highlighted Jackson's expertise in credit risk management and leadership skills as key factors in the appointment.

First Bank (FBNC) has donated $26,600 to the Carolina Hurricanes Foundation following their 2024-2025 season partnership. The donation was generated through the bank's pledge to contribute $100 for each goal scored by the Hurricanes during the season. The check presentation took place during a playoff game at Lenovo Center.

The partnership included fan engagement activities like First Bank tee shirt tosses at home games. The Carolina Hurricanes Foundation focuses on supporting youth hockey programs, educational opportunities, and assisting families in need across North Carolina. The initiative, called 'Power of Good Goals,' successfully combined sports engagement with community support.

First Bancorp (FBNC) reported strong Q1 2025 financial results with net income of $36.4 million, or $0.88 diluted earnings per share, compared to $3.6 million in Q4 2024 and $25.3 million in Q1 2024. Net interest income increased to $92.9 million, with tax-equivalent net interest margin expanding to 3.27%.

Key highlights include reduced noninterest expenses to $57.9 million, strong credit quality with nonperforming assets ratio of 0.27%, and maintained excess capital with common equity tier 1 ratio at 14.53%. The company saw customer deposit growth of $214.1 million and loan growth of $8.4 million during Q1 2025.

The results include a $2.0 million reduction in allowance for credit losses related to Hurricane Helene impacts. The company maintains strong liquidity with a total liquidity ratio of 36.4% and continues to focus on expense management, reducing full-time equivalent employees from 1,371 to 1,353.