Welcome to our dedicated page for First Bancorp N C news (Ticker: FBNC), a resource for investors and traders seeking the latest updates and insights on First Bancorp N C stock.
First Bancorp (NASDAQ: FBNC) is the parent company of First Bank, a state-chartered community-focused bank headquartered in Southern Pines, North Carolina. Through First Bank, the company operates 113 branches across North Carolina and South Carolina and engages in commercial and consumer banking, mortgage lending, SBA lending, accounts receivable financing, and investment advisory services. This news page brings together company-reported developments and market-facing announcements related to FBNC.
Investors and followers of First Bancorp can use this page to review earnings releases, dividend declarations, and governance updates that the company discloses through news and SEC filings. Recent communications have covered quarterly financial results, including net interest income, net interest margin, loan growth, deposit trends, noninterest income, expense management, and asset quality metrics. The company also issues news releases when its board of directors declares cash dividends on its common stock.
Beyond financial performance, First Bancorp and First Bank share updates on leadership appointments and risk management roles, such as changes in senior executives and board membership. These items provide context on how the organization structures its leadership and oversight as it grows and navigates the regulatory environment for commercial banking.
First Bank also highlights community and sponsorship initiatives in its news, including partnerships with organizations like the Carolina Hurricanes Foundation and sponsorship of cultural events in the Carolinas. These stories illustrate the bank’s stated focus on community involvement and support for regional economic and social initiatives.
By reviewing the news items linked on this page, users can follow how First Bancorp communicates about its financial results, capital and liquidity position, credit quality, dividends, leadership changes, and community engagement over time.
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 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.
First Bancorp (NASDAQ: FBNC) has declared a quarterly cash dividend of $0.22 per share, payable on April 25, 2025, to shareholders of record as of March 31, 2025. The announcement follows a strong fourth quarter performance with improvements in adjusted net income and EPS, while maintaining robust capital, liquidity, and credit quality metrics.
The company, headquartered in Southern Pines, North Carolina, operates as a bank holding company with total assets of $12.1 billion. Its main subsidiary, First Bank, manages 113 branches across North Carolina and South Carolina, offering tailored banking solutions, local expertise, and technology for home and business management since 1935. The bank also provides SBA loans through its nationwide lending network.
First Bancorp (NASDAQ: FBNC) has announced the promotion of G. Adam Currie from President to Chief Executive Officer of First Bank. Currie will succeed Michael G. Mayer, who will remain as President of First Bancorp until early 2026. This transition is part of a long-planned succession strategy.
Currie, who has served as President since November 2023, previously held positions as Chief Banking Officer and Regional President. His experience includes roles at PNC Capital Markets and RBC Bank. The company, headquartered in Southern Pines, North Carolina, operates 113 branches across North and South Carolina, with total assets of approximately $12.2 billion.
As part of the transition, First Bancorp has entered into an Amended and Restated Employment Agreement with Mayer and a new Employment Agreement with Christian Wilson as Chief Operating Officer, both effective February 7, 2025.
First Bancorp (NASDAQ:FBNC) reported Q4 2024 net income of $3.6 million ($0.08 EPS), down from $18.7 million ($0.45 EPS) in Q3 2024 and $29.7 million ($0.72 EPS) in Q4 2023. The results include impacts from Hurricane Helene ($13.4 million) and a strategic securities loss-earnback transaction ($36.8 million).
Key Q4 2024 highlights include: tax-equivalent net interest margin increased to 3.07%, average deposits grew to $10.6 billion, and loan growth accelerated with total loans reaching $8.1 billion. The company executed a securities portfolio restructuring, selling $280 million of securities yielding 1.56% and investing $495 million at 5.27%.
Adjusted net income for Q4 2024 was $31.7 million ($0.76 adjusted EPS), compared to $29.0 million ($0.70 adjusted EPS) in Q3 2024. Credit quality remained strong with nonperforming assets at 0.39% of total assets.