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 delivered stronger results for the quarter ended March 31, 2026, with net income of $46.7 million and diluted EPS of $1.13, up from $0.88 a year earlier. Higher net interest income and an improved funding mix drove the gain.
Net interest income rose to $107.1 million as net interest margin expanded to 3.67% from 3.25%, helped by shifting assets into higher-yielding loans and reducing deposit costs. Loans reached $8.8 billion and deposits $11.0 billion, while asset quality remained solid with nonperforming assets at 0.32% of total assets.
FIRST BANCORP NC filed an Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership. The filing states FMR LLC (and Abigail P. Johnson as related person) beneficially owns 3,640,135.65 shares of common stock, representing 8.8% of the class. The filing lists the issuer's principal office as 300 SW Broad Street, Southern Pines, NC. The filing is signed under a Power of Attorney and references an Exhibit 99 and an exhibit for a 13d-1(k)(1) agreement.
First Bancorp/Southern Pines Schedule 13G reports that Vanguard Capital Management beneficially owns 2,076,036 shares of common stock, representing 5.01% of the class as reported. The filing lists sole voting power for 303,852 shares and sole dispositive power for 2,076,036 shares. The filing also states that this ownership reflects holdings across Vanguard Capital Management LLC and specified affiliates and was signed on 04/29/2026.
First Bancorp reported the results of its annual shareholder meeting held on April 28, 2026. Shareholders elected 11 directors to serve until the 2027 annual meeting, with each nominee receiving over 27 million votes in favor.
Shareholders also ratified Crowe, LLP as independent auditors for 2026, with 36,633,992 votes for and minimal opposition. In addition, they approved, on a non-binding advisory basis, the company’s executive compensation (“Say-on-Pay”), with 30,515,764 votes for, 1,390,398 against, and 45,780 abstentions, alongside 4,747,248 broker non-votes.
First Bancorp, the parent of First Bank, appointed Kate Nevin and Peter Hans to the Boards of Directors of both First Bancorp and First Bank, effective April 28, 2026. Both will serve on key board committees, including compensation, nominating and governance, executive, and loan committees.
Nevin is President of TSWII Capital Advisors with more than 20 years of experience in alternative investment strategies and values‑aligned investing. Hans is President of the University of North Carolina System and has a long background in education and public policy. First Bancorp highlighted these appointments as aligned with its focus on thoughtful leadership and long‑term growth.
First Bancorp reported strong first quarter 2026 results, with net income of $46.659 million and diluted EPS of $1.13. Profit rose from $15.713 million in the prior quarter and $36.406 million a year earlier as net interest income increased to $107.116 million.
Net interest margin expanded to 3.67% from 3.58% in Q4 2025 and 3.25% in Q1 2025, helped by higher loan and securities yields and lower deposit costs. The efficiency ratio improved to 49.05%, reflecting tight expense control. Asset quality remained solid, with annualized net charge-offs of 0.06% and nonperforming assets at 0.32% of total assets.
Total loans reached $8.794 billion and deposits $11.012 billion at March 31, 2026, supporting total assets of $12.948 billion. Capital ratios stayed comfortably above regulatory minimums, including a common equity tier 1 capital ratio of 14.11% and a tangible common equity to tangible assets ratio of 9.63%.
First Bancorp/Southern Pines (FBNC) Schedule 13G/A shows The Vanguard Group reports beneficial ownership of 0 shares (0%) of Common Stock following an internal realignment. The filing states certain Vanguard subsidiaries now report ownership separately under SEC Release No. 34-39538.
The disclosure is administrative: it documents Vanguard's reporting change and confirms no shared or sole voting or dispositive power over the issuer's common stock as reported in this amendment.
First Bancorp is asking shareholders to elect 11 directors, ratify Crowe LLP as 2026 auditors and approve a non-binding Say-on-Pay vote at its April 28, 2026 annual meeting. Only holders of the 41,429,641 shares outstanding on March 6, 2026 may vote, with options to vote online, by phone, mail or in person.
The proxy highlights strong 2025 performance: total assets of $12.7 billion, loans of $8.7 billion, deposits of $10.7 billion and shareholders’ equity of $1.7 billion. Net income was $111.0 million, or $2.68 diluted EPS, versus $76.2 million and $1.84 in 2024. After $71.6 million of securities losses from portfolio restructuring, adjusted net income was $166.1 million and adjusted diluted EPS was $4.01.
Net interest margin expanded from 2.89% to 3.40% as asset yields rose and deposit costs fell. Asset quality remained solid, with nonperforming assets of $37.7 million, or 0.30% of total assets, and net loan charge-offs of $8.6 million, or 0.10% of average loans. Capital levels were well above regulatory “well-capitalized” thresholds, with an 11.21% leverage ratio and 16.12% total risk-based capital ratio.
The Board reports that eight of 11 nominees are independent and all directors stand for annual election. Committees oversee audit, compensation, nominations, risk and loans, and independent directors meet in regular executive sessions. The Compensation Discussion and Analysis describes pay-for-performance programs using both GAAP and non-GAAP metrics, with annual incentives and long-term restricted stock tied to earnings, growth, efficiency and shareholder alignment.
First Bancorp announced that its board of directors has declared a cash dividend of $0.24 per share on its common stock, payable on April 27, 2026 to shareholders of record as of March 31, 2026. This delivers direct cash returns to current equity holders on that record date.
Chief Executive Officer Richard Moore said the decision reflects strong fourth-quarter financial performance, with solid capital and liquidity positions and stable credit quality, and highlighted meaningful growth in adjusted net income and adjusted EPS. First Bancorp, headquartered in Southern Pines, North Carolina, reports total assets of $12.7 billion and operates 113 First Bank branches across North and South Carolina, along with a nationwide SBA lending platform.
FIRST BANCORP /NC/ Chief Accounting Officer Brent Hicks reported an equity compensation grant. On March 6, 2026, he was awarded 613 shares of Restricted Stock at a reference price of $55.93 per share, classified as a grant, award, or other acquisition.
These shares were granted under the Company’s Annual Incentive Plan and vest in three equal installments, with one-third vesting in December 2027, one-third in December 2028, and the final third in December 2029. After this award, his directly held Restricted Stock position reported in the filing is 3,694 shares.