FMR LLC holds 3.64M shares in First Bancorp NC (NYSE: FBNC)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
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.
Positive
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Negative
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Key Figures
Beneficial ownership: 3,640,135.65 shares
Percent of class: 8.8%
CUSIP: 318910106
+1 more
4 metrics
Beneficial ownership
3,640,135.65 shares
Amount reported as beneficially owned by FMR LLC in Item 4
Percent of class
8.8%
Percent of common stock represented by the reported holdings
CUSIP
318910106
CUSIP for FIRST BANCORP NC common stock on the cover page
Amendment date reference
Amendment No. 1 / signature dated 05/05/2026
Amendment and signature dates shown in the filing
Key Terms
Schedule 13G/A, Beneficially owned, Power of Attorney, 13d-1(k)(1) agreement
4 terms
Schedule 13G/A regulatory
"Amendment No. 1 to Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially owned financial
"Item 4(a) Amount beneficially owned: 3640135.65"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Power of Attorney legal
"Signed under Power of Attorney effective as of April 13, 2026"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
13d-1(k)(1) agreement regulatory
"Please see Exhibit 99 for 13d-1(k)(1) agreement"
FAQ
What stake does FMR LLC report in FIRST BANCORP NC (FBNC)?
FMR LLC reports beneficial ownership of 3,640,135.65 shares, representing 8.8% of FIRST BANCORP NC common stock. The figure appears on the Schedule 13G/A Amendment No. 1 cover responses and Item 4 of the filing.
What documents or exhibits accompany the FBNC Schedule 13G/A amendment?
The amendment references an attached Exhibit 99 for a 13d-1(k)(1) agreement and incorporates a Power of Attorney by reference. The signature block cites Exhibit 24 as the underlying power of attorney.
Where is FIRST BANCORP NC's principal executive office listed in the filing?
The filing lists the issuer's principal executive offices at 300 SW Broad Street, Southern Pines, NC 28387. That address is provided in Item 1(b) of the Schedule 13G/A amendment.