SOUTHERN PINES, N.C., Jan. 27, 2026 /PRNewswire/ -- On January 27, 2026, First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, announced the retirement of Mary Clara Capel from the First Bancorp and First Bank Board of Directors effective immediately. Ms. Capel has served as a director of the Company since 2005 and is a former Chair of the Board of Directors. The Capel family's service to First Bancorp spans nearly 70 years, beginning with her father, Jesse Capel, who joined the b ...

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Core Insights - First Bancorp reported revenue of $83.9 million for the quarter ended December 2025, reflecting an 18.1% decrease year-over-year [1] - The company's EPS was $1.19, an increase from $0.76 in the same quarter last year, resulting in an EPS surprise of +15.53% against a consensus estimate of $1.03 [1] - Revenue fell short of the Zacks Consensus Estimate of $121.95 million, indicating a surprise of -31.2% [1] Financial Metrics - Net Charge-offs were reported at 0.1%, better than the estimated 0.2% by analysts [4] - Net Interest Margin stood at 3.6%, matching the average estimate from analysts [4] - Average Interest-Earning Assets totaled $11.79 billion, slightly below the estimated $11.87 billion [4] - Bank-Owned Life Insurance Income was $1.38 million, exceeding the estimated $1.15 million [4] - Total Non-Interest Income reached $21.42 million, significantly higher than the average estimate of $14.63 million [4] - Other service charges, commissions, and fees amounted to $5.65 million, below the estimated $6.21 million [4] - Service charges on deposit accounts were $4.27 million, slightly above the estimated $4.16 million [4] - Commissions from sales of insurance and financial products were $1.8 million, slightly above the estimated $1.77 million [4] Stock Performance - Shares of First Bancorp have returned +10.5% over the past month, outperforming the Zacks S&P 500 composite, which changed by -0.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

First Bancorp (FBNC) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +15.53%. A quarter ago, it was expected that this bank holding company for First Bank would post earnings of $0.93 per share when it actually produced earnings of $1.01, delivering a surprise of +8.6%.Over the last f ...

News Release For Immediate Release: For More Information, Contact: January 21, 2026 Katie Doyle 336-286-8741 First Bancorp Reports Fourth Quarter and Full Year Results | Fourth Quarter | 2025 | Financial | Data | | | | --- | --- | --- | --- | --- | --- | | (Dollars in 000s, | | | | | | | except per share | | | | | | | data) | Q4-2025 | | Q3-2025 | | Q4-2024 | | Summary Income Statement | | | | | | | Total interest | | | | | | | income | $ 143,634 | | $ 144,200 | | $ 132,395 | | Total interest | | | | | | | ...

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Company and Industry Summary - Subscribers gain access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1]

Core Insights - The First Bancorp, Inc. (FNLC) is the holding company for the First National Bank in Maine, with a stable share price since the last article was published despite a significant increase in net income [1] Group 1: Company Overview - The First Bancorp, Inc. operates as a holding company for the First National Bank in Maine [1] - The bank's share price has remained relatively flat over the recent period [1] Group 2: Financial Performance - There has been a substantial increase in net income for the bank, indicating positive financial performance [1]

Group 1 - The core focus of the research service is on identifying Asia-listed stocks that exhibit a significant gap between their market price and intrinsic value, particularly emphasizing deep value balance sheet bargains and wide moat stocks [1][2] - The service aims to provide value investors with investment opportunities in the Asian equity market, with a specific emphasis on the Hong Kong market [2] - The analyst views the latest corporate moves favorably, noting that the stock is currently valued at a substantial discount compared to other trading companies in Japan [1]

Core Insights - First Bank has appointed Bridget Welborn as the new Chief Risk Officer and Head of Legal, bringing over 15 years of experience in legal, risk, privacy, and regulatory compliance [1][2][3] - Welborn's previous roles include Senior Counsel at Wyrick Robbins and Chief Privacy & Risk Officer at State Employees' Credit Union, which has over $50 billion in assets [2][3] - The CEO of First Bank, Adam Currie, expressed confidence in Welborn's strategic vision and expertise in risk management as essential for the bank's growth and innovation [3][4] Company Overview - First Bank is a community-focused bank headquartered in Southern Pines, North Carolina, with total assets of approximately $12.8 billion and operates 113 branches in North Carolina and South Carolina [5] - The bank is a subsidiary of First Bancorp, whose common stock is traded on the NASDAQ under the symbol "FBNC" [5] Leadership Transition - Peter Seitz, the current Executive Vice President of Enterprise Risk, will collaborate with Welborn until his retirement at the end of January 2026 [4] - Seitz highlighted Welborn's experience in managing risks in a growing bank as a key factor for her leadership role [4]

Financial Performance - Net income for Q3 2025 was $20.4 million, or $0.49 diluted EPS, compared to $18.7 million, or $0.45 diluted EPS in Q3 2024, reflecting a 9.1% increase in net income year-over-year [124]. - Adjusted net income for Q3 2025, excluding a $27.9 million securities loss, was $41.8 million, or $1.01 per diluted share [124]. - Noninterest income for the nine months ended September 30, 2025, totaled $14.4 million, a decrease of $26.7 million from the prior year, primarily due to a $27.9 million securities loss [130]. - Total noninterest income for the three months ended September 30, 2025, was negative $12.9 million, primarily due to a $27.9 million loss on securities [165]. - Total noninterest income for the nine months ended September 30, 2025, was $42.3 million, slightly up from $42.2 million in 2024, despite a $2.3 million decrease in SBA loan sale gains [166]. Interest Income and Margin - Net interest income for Q3 2025 was $102.5 million, a 23.4% increase from $83.0 million in Q3 2024, driven by higher yields on interest-earning assets and lower cost of funds [128]. - The net interest margin (NIM) increased to 3.46% in Q3 2025, up 58 basis points from 2.88% in Q3 2024 [128]. - Net interest income for the nine months ended September 30, 2025, was $292.0 million, an increase of $48.6 million, or 20.0%, from the same period in 2024 [144]. - The net interest margin (NIM) increased by 51 basis points to 3.34% for the nine months ended September 30, 2025, compared to 2.83% for the same period in 2024 [153]. - The tax-equivalent net interest income for Q3 2025 was $102.8 million, compared to $83.8 million in Q3 2024 [143]. Loan and Deposit Growth - Total loans amounted to $8.4 billion at September 30, 2025, reflecting a 4.0% increase from December 31, 2024 [134]. - Average loan volumes for Q3 2025 were $8.3 billion, an increase of $277.9 million compared to Q3 2024 [145]. - Total deposits were $10.9 billion at September 30, 2025, an increase of 3.33% from December 31, 2024 [134]. - Total deposits reached $10.9 billion at September 30, 2025, an increase of $350.6 million, or 3.3%, from December 31, 2024 [179]. Credit Quality and Losses - The provision for credit losses for Q3 2025 was $3.4 million, influenced by loan growth and net charge-offs of $3.0 million [128]. - The allowance for credit losses was $120.9 million at September 30, 2025, down from $122.6 million at December 31, 2024, with the allowance as a percentage of loans at 1.44% [186]. - Nonperforming assets increased to $39.0 million at September 30, 2025, from $36.7 million at December 31, 2024, primarily due to a $5.5 million increase in nonaccrual loans [182]. - The provision for credit losses was $6.8 million for the nine months ended September 30, 2025, down from $15.9 million in the same period of 2024 [159]. Securities and Investments - The company recorded a securities loss of $27.9 million during a transaction in the third quarter of 2025, involving the sale of $194.3 million of securities [176]. - The unrealized loss on AFS securities totaled $251.8 million at September 30, 2025, attributed to interest rate factors rather than credit quality concerns [178]. - Total investment securities were $2.7 billion at September 30, 2025, an increase of $117.3 million from December 31, 2024 [176]. Capital and Liquidity - The Company’s Tier 1 capital ratio was 15.14% at September 30, 2025, slightly down from 15.17% at the end of 2024 [200]. - The tangible common equity (TCE) ratio improved to 9.12% at September 30, 2025, compared to 8.22% at December 31, 2024 [201]. - The overall on-balance sheet liquidity ratio was 18.2% at September 30, 2025, compared to 17.6% at December 31, 2024 [192]. - The total liquidity ratio, including $2.5 billion in available lines of credit, was 35.3% as of September 30, 2025 [192]. Interest Rate Risk Management - The company aims to maximize net interest income while managing interest rate risk to minimize adverse impacts from rate changes [208]. - Interest rate risk is monitored using earnings simulation modeling and economic value simulation, which provide a comprehensive view of the company's interest rate risk exposure [209]. - The company proactively manages the rates earned on assets and the rates paid on liabilities to mitigate interest rate risk [213]. - Assumptions in the net interest income sensitivity analyses are inherently uncertain, and actual results may differ from simulated results [214].