First Bancorp N C SEC Filings

First Bancorp (FBNC) reported Q3 2025 results showing higher profitability and a stronger balance sheet. Net income was $20.4 million with diluted EPS of $0.49, up from $0.45 a year ago. Net interest income rose to $102.5 million as interest expense declined year over year, and the provision for credit losses decreased to $3.4 million from $14.2 million. A securities loss-earnback transaction led to realized securities losses of $27.9 million, which turned total noninterest income negative for the quarter.

Total assets reached $12.75 billion, up from $12.15 billion at year-end. Deposits increased to $10.88 billion, with noninterest-bearing balances of $3.58 billion. Loans were $8.42 billion, and the allowance for credit losses on loans was $120.9 million. Nonperforming assets were $39.0 million. Shareholders’ equity improved to $1.60 billion, aided by other comprehensive income of $36.1 million as unrealized losses on securities narrowed; accumulated other comprehensive loss stood at $193.4 million. The company had 41,465,329 common shares outstanding as of October 31, 2025.

First Bancorp (FBNC) announced a governance update. On October 30, 2025, G. Adam Currie, Chief Executive Officer of subsidiary First Bank, was appointed to the Boards of Directors of both First Bank and First Bancorp, effective immediately.

This adds the operating bank’s CEO to the holding company’s board, aligning day-to-day leadership with board oversight across the organization. The company issued a press release with the announcement.

First Bancorp furnished a Form 8-K to announce its earnings release for the three-month period ended September 30, 2025. The Company provided a news release as Exhibit 99.1 and an earnings presentation as Exhibit 99.2.

The materials contain forward-looking statements with cautionary language. The earnings release is furnished, not deemed “filed” under Section 18 of the Exchange Act, and may be incorporated by reference only if a subsequent filing specifically references it.

First Bancorp (FBNC) director reports an insider transaction. On 10/16/2025, a director reported acquiring 18,150 shares of common stock (transaction code G) at $46.32 per share. Following the transaction, the director’s direct beneficial ownership is 30,641.6201 shares.

The filing notes the shares were “Inherited Shares from Father.” This update reflects a change in the reporting person’s holdings and is disclosed on a Form 4, which reports changes in beneficial ownership by company insiders.

Dimensional Fund Advisors LP reported ownership of 1,986,640 shares of First Bancorp/Southern Pines NC common stock, representing 4.8% of the class. Dimensional states these shares are owned by client funds it advises and that it disclaims beneficial ownership while noting it may possess voting and/or investment power over the holdings. The filing shows sole voting power for 1,933,674 shares and sole dispositive power for 1,986,640 shares. The statement is presented on a Schedule 13G/A and certifies the holdings were acquired in the ordinary course of business and not to influence control of the issuer.

James C. Crawford III, a director of First Bancorp (FBNC), reported a sale of 3,475 shares of the issuer's common stock on 08/15/2025 at a reported price of $53.10 per share. After the reported transaction, Mr. Crawford is shown as directly holding 65,200 shares and indirectly holding additional shares through family and entities: 6,600 (children) and 8,325 (spouse), with an indirect LLC position listed as 0. The Form 4 was signed by an attorney-in-fact.

First Bancorp/NC (FBNC) reported a notice of proposed sale under Rule 144 disclosing the planned sale of 3,475 common shares through Morgan Stanley Smith Barney LLC on 08/15/2025 on NASDAQ with an aggregate market value of $184,522.50. The filing lists the acquisition history for these shares: 1,189 shares bought in the open market for cash on 03/18/2020, 1,286 shares received as compensation on 06/01/2020, and 1,000 shares received as compensation on 06/01/2024. The filer states there were no securities sold in the past three months and affirms no undisclosed material information concerning the issuer.