First Bancorp /NC/ 10-Q quarterly reports

First Bancorp announced a significant increase in net income and diluted EPS for the second quarter and first half of 2026, driven by higher net interest income and a strategic acquisition.

First Bancorp reported a net income of $20.4 million for Q3 2025, or $0.49 diluted EPS, driven by increased net interest income and an expanded net interest margin, despite a significant securities loss-earnback transaction.

First Bancorp reported a significant increase in net income and net interest income for the second quarter and first half of 2025, driven by lower funding costs and higher asset yields.

First Bancorp's Q1 2025 net income rose to $36.4 million, driven by increased net interest income and margin expansion.

First Bancorp's third-quarter earnings were significantly affected by a $13 million provision for potential credit losses related to Hurricane Helene, despite a slight increase in total assets.

First Bancorp's second quarter earnings were impacted by higher funding costs, despite increased yields on earning assets.

First Bancorp's first quarter net income increased to $25.3 million, or $0.61 diluted EPS, compared to $15.2 million, or $0.37 diluted EPS, in the same period last year, despite a decrease in net interest income.