FBNC at a glance
FIRST BANCORP /NC/ (FBNC, SEC CIK 811589) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as September 30, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), FIRST BANCORP /NC/ (FBNC) reported revenue of $67.6 million (down 3.6% from FY2024) and net income of $111.0 million. Diluted EPS was $2.68.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding FIRST BANCORP /NC/ (FBNC) shares worth $1.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by MOORE RICHARD H on September 29, 2026 of 7,343 shares at $62.17 per share.
- In the last 90 days, FBNC insiders reported 1 open-market purchase ($15K) and 2 open-market sales ($1.5M) on Form 4, a net sale of $1.5M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $67.6M
- −3.6% vs prior year
- Insiders · 90 days
- 1 buy · 2 sells
- Net −$1.5M
- 13F holders
- 31 funds
- $1.5B · +0 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Regional bank providing commercial and consumer loans, deposit services, and related financial products
- New derivative program launched in 2023 offering customer interest rate swaps with back-to-back dealer hedges, not designated as hedge accounting
- Strategic emphasis on risk management via derivatives despite minimal previous activity, impacting earnings volatility due to fair value changes
- Total assets grew to $12.67B in 2025 from $12.15B in 2024; net income surged to $111M, up 46% YoY, boosted by higher net interest income
- Noninterest income turned negative (-$7.9M) in 2025, a notable divergence from positive historical trends up to $73.6M in 2021
Risk Factors
- Regulatory risk: FDIC focus on uninsured deposits stability after 2023 bank failures, requiring robust liquidity risk management and contingency funding planning
- Macroeconomic threat: Local Carolinas market exposure with CRE values fluctuating and US market delinquency rates elevated impacting loan collateral
- Operational risk: High concentration in commercial and industrial loans to small and middle-market businesses with heightened economic vulnerability
- Competitive risk: Potential impact from changing borrower behavior including tariff changes and government policies affecting loan repayment capacity
- Financial risk: Liquidity risk from significant uninsured deposits potentially impairing funding access and net interest margin during high interest rate periods
Management Discussion & Analysis
- Revenue: Net interest income $398.2M in 2025, up $66.0M (19.9%) YoY from $332.3M in 2024
- Profitability: Net interest margin 3.40% in 2025 vs 2.89% in 2024; effective tax rate 20.4% in 2025 vs 22.3% in 2024
- Segments: Non-interest income fell to -$7.9M in 2025 from $17.9M in 2024 due to $71.6M securities losses; largest loan segment Non-owner occupied commercial real estate $2.84B (33% of loans)
- Cash flow/capital: No direct cash flow or capital allocation details disclosed in this section
- Outlook/risks: Management notes stable economic forecasts but highlights credit risks from Hurricane Helene impact and ongoing CECL provisioning adjustments
AI summary of the FBNC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue proxy net interest income $111.3M, up 15.1% from $96.7M YoY
- Net interest margin 3.71% vs 3.32% YoY, net income $50.5M vs $38.6M
- Best-performing line loans, average balances up $708.9M with interest income up $12.9M
- Cash and equivalents $550.3M, up $240.7M from December 31, 2025
- Headwinds: Federal Reserve rate cuts, higher personnel expense $38.5M vs $35.2M YoY
Risk Factors
- Merger execution risk triggered by July 14, 2026 Agreement and Plan of Merger with First Carolina Bancshares Corporation
- No Section 16 insider trading arrangements maintained, adopted, modified, or terminated during quarter ended June 30, 2026
- No risk-factor disclosures provided in submitted filing excerpt
AI summary of the FBNC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Quarterly cash dividend of $0.24 per share declared, payable October 23, 2026
- September 30, 2026 record date determines shareholder eligibility
Item 8.01: Other Events
- Quarterly cash dividend of $0.24 per common share declared
- Record date September 30, 2026; payment date October 23, 2026
Item 2.02: Results of Operations and Financial Condition
- Earnings release covers three months ended June 30, 2026
- Results furnished as Exhibit 99.1, requiring review for financial figures and management commentary
Item EX-99.1: Item EX-99.1
- Q2 net income $50.5M and diluted EPS $1.22, up from $46.7M and $1.13 sequentially
- NIM expanded to 3.71% from 3.67%, supported by 8.9% annualized loan growth and 5.67% loan yields
Item 8.01: Other Events
- First Bancorp and First Carolina executed a merger agreement on July 14, 2026
- Joint press release and investor presentation provide transaction details in Exhibits 99.1 and 99.2
Item 1.01: Entry into a Material Definitive Agreement
- First Bancorp agreed to acquire First Carolina and Carolina Bank for approximately $166 million, or $64.22 per share
- Consideration includes 14.5340 First Bancorp shares plus $294.94 cash per First Carolina share
Item EX-99.1: Item EX-99.1
- Acquisition of First Carolina Bancshares valued at $166 million, expanding FBNC’s South Carolina footprint
- Consideration includes 1,967,017 FBNC shares and $40 million cash, creating dilution and immediate cash outflow
AI summaries of FBNC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FBNC
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| MOORE RICHARD H | Sell | Sep 29, 2026 | 7,343 | $62.17 |
| MOORE RICHARD H | Sell | Sep 28, 2026 | 16,000 | $63.17 |
| Nevin Katharine Caldwell | Buy | Sep 11, 2026 | 231 | $64.23 |
| Bostian Elizabeth B | F | Jun 29, 2026 | 1,887 | $63.53 |
| MOORE RICHARD H | F | Jun 29, 2026 | 6,878 | $63.53 |
| Bostian Elizabeth B | F | Jun 29, 2026 | 1,887 | $63.53 |
| MOORE RICHARD H | F | Jun 29, 2026 | 2,096 | $63.53 |
| CURRIE GREGORY A | F | Jun 29, 2026 | 2,096 | $63.53 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $32.8M | $70.1M | $67.6M |
| Net Income | $104.1M | $76.2M | $111.0M |
| Net Margin | 317.3% | 108.7% | 164.2% |
| Balance Sheet | |||
| Total Assets | $12.1B | $12.1B | $12.7B |
| Equity | $1.4B | $1.4B | $1.7B |
| ROE | 7.6% | 5.3% | 6.7% |
| Per Share | |||
| EPS | - | $1.84 | $2.68 |
| Cash Flow | |||
| Operating CF | $131.4M | $174.8M | $203.1M |
| CapEx | $4.4M | $2.7M | $4.2M |
Source: XBRL data in FIRST BANCORP /NC/ (FBNC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate FBNC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.46B |
| Q1 2026 | 31 | $1.28B |
| Q4 2025 | 29 | $1.05B |
| Q3 2025 | 28 | $1.18B |
| Q2 2025 | 28 | $885.2M |
| Q1 2025 | 27 | $489.0M |
| Q4 2024 | 20 | $496.6M |
| Q3 2024 | 18 | $306.2M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 212 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
FBNC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 8-K | Jul 14, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| SC 13G | May 12, 2026 | - | - | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
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FBNC SEC filings: frequently asked questions
Are FBNC insiders buying or selling?
In the last 90 days, FIRST BANCORP /NC/ (FBNC) officers, directors and 10% owners reported 1 open-market purchase worth $14,837 by 1 insider and 2 open-market sales worth $1.5 million by 1 insider on Form 4, a net sale of $1.5 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold FBNC stock?
As of June 30, 2026, the largest FIRST BANCORP /NC/ (FBNC) holders among the 13F filers tracked by SignalX were BlackRock ($380.3 million), FMR LLC (Fidelity) ($236.4 million), State Street Corp ($139.5 million), Vanguard Capital Management LLC ($117.3 million), Dimensional Fund Advisors ($109.1 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was FBNC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), FIRST BANCORP /NC/ (FBNC) reported revenue of $67.6 million (down 3.6% from FY2024) and net income of $111.0 million. Diluted EPS was $2.68. The figures come from the XBRL data in the 10-K.
What are the main risks in FBNC's latest 10-K?
In the 10-K filed February 25, 2026, FIRST BANCORP /NC/ (FBNC) flagged: Regulatory risk: FDIC focus on uninsured deposits stability after 2023 bank failures, requiring robust liquidity risk management and contingency funding planning. Macroeconomic threat: Local Carolinas market exposure with CRE values fluctuating and US market delinquency rates elevated impacting loan collateral. (AI summary of the Risk Factors section.)
What did FBNC report in its latest 8-K?
FIRST BANCORP /NC/ (FBNC) filed an 8-K on September 15, 2026 reporting Item 8.01 (Other Events). Quarterly cash dividend of $0.24 per share declared, payable October 23, 2026.
What are the latest FBNC SEC filings?
FIRST BANCORP /NC/ (FBNC) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on September 30, 2026.
What is FBNC's SEC CIK number?
FIRST BANCORP /NC/ (FBNC)'s SEC Central Index Key (CIK) is 811589. EDGAR lists every FBNC filing under that number.
Ask anything about FBNC
The research agent reads FBNC's filings, financials, insider trades and 13F holders, then answers with sources.