Welcome to our dedicated page for FIRST BANCORP /NC/ SEC filings (Ticker: FBNC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Bancorp (NASDAQ: FBNC) filings document the bank holding company's ownership and operation of First Bank, its North Carolina incorporation, common-stock reporting and regulated banking disclosures. Recent 8-K reports record quarterly operating results, earnings presentations, capital and liquidity commentary, dividend declarations, stock repurchase authorization, and governance changes.
The company's proxy and meeting filings cover director elections, committee service, non-employee director compensation arrangements, auditor ratification, say-on-pay voting and shareholder vote results. The disclosures also address bank-specific performance measures such as net interest income, provision for credit losses, credit quality, capital ratios and tangible common equity.
First Bancorp reported unaudited second-quarter 2026 net income of $50.5 million, or $1.22 diluted EPS, up from $46.7 million and $1.13 in the prior quarter and $38.6 million and $0.93 a year earlier. Net interest income rose to $111.3 million and net interest margin expanded to 3.71%. Loan yield increased to 5.67%, while total assets reached $13.0 billion and loans reached $9.0 billion at June 30, 2026.
Asset quality remained solid with annualized net charge-offs of 0.04%, an Allowance for Credit Losses of $124.9 million, or 1.39% of loans, and nonperforming assets of $44.9 million, or 0.34% of total assets. Deposits totaled $11.1 billion, with noninterest-bearing accounts representing 32% and total cost of deposits at 1.31%. Capital ratios were strong, including a tangible common equity to tangible assets ratio of 9.83% and an estimated common equity tier 1 ratio of 14.09%. The company also agreed to acquire First Carolina Bancshares Corporation and its Carolina Bank subsidiary in a $166 million deal, 75% stock and 25% cash, expected to close in late 2026 or early 2027, adding 14 branches and approximately $831 million in assets.
First Bancorp agreed to acquire First Carolina Bancshares, parent of Carolina Bank & Trust, in a stock-and-cash merger valued at $166 million, or $64.22 per First Carolina share. First Carolina shareholders will receive 14.5340 First Bancorp shares plus $294.94 in cash for each share, totaling about 1,967,017 shares of First Bancorp stock and $40 million in cash.
Carolina Bank, a privately held community bank with about $831 million in assets, will merge into First Bank, expanding First Bancorp’s South Carolina footprint and giving it a top-10 deposit market share in both North and South Carolina. The transaction is expected to close in the fourth quarter of 2026 or early in the first quarter of 2027, subject to First Carolina shareholder approval, regulatory approvals and other customary conditions. Certain First Carolina insiders have signed support, claims-release and non-competition agreements.
First Bancorp projects low single-digit EPS accretion, about 1% tangible book value dilution with a 1.7-year earnback, and an internal rate of return above 20%, while maintaining strong pro forma capital ratios, including 10.1% tangible common equity to tangible assets and 16.7% total risk-based capital at closing.
FIRST BANCORP /NC/ Chief Executive Officer Richard H. Moore reported a compensation-related share withholding for taxes, not an open-market trade. On restricted stock, 6,878 shares were disposed of at a value of $63.53 per share to cover tax obligations, leaving 42,151 restricted shares directly held. Separate holding entries show 106,206 shares of common stock held directly and 18,711.237 shares of common stock in a 401(k) plan after the reported date.
FIRST BANCORP /NC/ director and executive Gregory A. Currie reported a tax-related share disposition. On restricted stock, 2,096 shares were withheld by the company at $63.53 per share to satisfy income taxes on previously granted shares. Following this, he directly holds 28,293 restricted shares, 33,138 common shares, and 3,918.36 shares in a 401(k) plan.
FIRST BANCORP /NC/ Chief Financial Officer Elizabeth B. Bostian reported routine share withholding to cover taxes, with no open-market trades. On June 29, 2026, the company withheld 1,887 shares of Restricted Stock at $63.53 per share to satisfy income taxes on previously granted shares.
After this tax-withholding disposition, she directly holds 14,506 Restricted Stock shares, plus 20,472 Common Stock shares and about 1,002.978 Common Stock shares in a 401K plan. The filing reflects compensation-related tax settlement rather than discretionary buying or selling.
FIRST BANCORP /NC/ Chief Executive Officer Richard H. Moore reported updated share holdings in a Form 4. The filing shows a disposition of 2,096 shares of restricted stock valued at $63.53 per share, used as a tax-withholding payment related to equity compensation rather than an open-market sale.
After this tax-withholding disposition, Moore directly holds 56,941 shares of restricted stock, 106,206 shares of common stock, and 18,711.237 shares of common stock in a 401K plan. The filing reflects routine compensation and tax mechanics while confirming his continuing equity stake in the company.
FIRST BANCORP /NC/ director and First Bank CEO Gregory A. Currie reported a routine tax-withholding transaction involving restricted stock. On June 29, 2026, 2,096 shares of Restricted Stock were withheld at $63.53 per share to satisfy income taxes on previously granted shares.
This was recorded as a tax-withholding disposition, not an open-market sale. After these entries, Currie directly holds 31,022 shares of restricted stock, 33,138 shares of common stock, and 3,918.36 shares of common stock in a 401K plan.
FIRST BANCORP /NC/ Chief Financial Officer Elizabeth B. Bostian reported a routine tax-withholding share disposition. On June 29, 2026, 1,887 shares of restricted stock were withheld by the company at $63.53 per share to satisfy income taxes on previously granted shares.
Following this tax-withholding disposition, she directly holds 16,961 shares related to that restricted stock position. The filing also reflects additional direct holdings of common stock and common stock in a 401K plan, indicating she retains a substantial equity stake in First Bancorp.
Hicks Thomas Brent reported acquisition or exercise transactions in this Form 4 filing.
FIRST BANCORP /NC/ Chief Accounting Officer Hicks Thomas Brent received a grant of 1,087 shares of Restricted Stock valued at $62.03 per share. The award was made under the company’s Long Term Incentive Plan, and these shares are scheduled to vest on July 10, 2029.
Wilson Christian Anthony reported acquisition or exercise transactions in this Form 4 filing.
First Bancorp (NC) Chief Operating Officer Christian Anthony Wilson received a grant of 2,902 shares of restricted stock on June 23, 2026 at $62.03 per share under the company’s Long Term Incentive Plan. These shares vest on July 10, 2029, bringing his directly owned restricted stock holdings to 12,362 shares, alongside 120 shares of directly held common stock.