First Bancorp N C (FBNC) Stock News

First Bancorp (NASDAQ:FBNC) reported unaudited Q4 2025 net income of $15.7M ($0.38 D‑EPS) and full‑year 2025 net income of $111.0M ($2.68 D‑EPS). Excluding a $43.7M securities loss, Q4 adjusted net income was $49.3M ($1.19 adjusted D‑EPS).

Key operational strength included $8.7B total loans (loan growth +14.3% annualized) and net interest income of $106.2M (NIM 3.58%). Noninterest expense was $62.2M. The company repaid $18M subordinated debt in Q4, contributing to modest declines in certain capital ratios.

First Bancorp (NASDAQ: FBNC) declared a cash dividend of $0.23 per share payable on January 25, 2026 to shareholders of record as of December 31, 2025. The company said it maintained strong capital and liquidity during the third quarter and delivered increases in adjusted net income and adjusted EPS. First Bancorp reported total assets of $12.8 billion and operates 113 branches across North Carolina and South Carolina through First Bank.

First Bank (NASDAQ:FBNC) announced that Bridget Welborn joined in October 2025 as Chief Risk Officer and Head of Legal.

Welborn brings 15+ years of legal, risk, privacy and regulatory compliance experience, most recently serving as Senior Counsel at Wyrick Robbins and previously as Chief Privacy & Risk Officer at State Employees' Credit Union. Peter Seitz will work with Welborn until his retirement at the end of January 2026. First Bank reported approximately $12.8 billion in total assets and operates 113 branches in North Carolina and South Carolina.

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.