FIRST BANCORP /NC/ (FBNC) Q3 2025 10-Q Quarterly Report
FIRST BANCORP /NC/ (FBNC) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 7, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
FIRST BANCORP /NC/ Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Noninterest income Q3 2025 negative $12.9M including $27.9M securities loss; excluding loss, up 10.7% YoY to $15.0M from $13.6M
- • Noninterest expense $60.2M Q3 2025, +0.6% YoY from $59.9M; personnel expense increase offset by decreases in professional fees, amortization
- • Loans $8.4B at Sept 30, 2025, +4.0% from Dec 31, 2024; Deposits $10.9B, +3.3% with customer deposits growth and brokered deposits decline
- • Effective tax rate Q3 2025 21.6% vs 17.2% YoY; Income tax expense $5.6M vs $3.9M
- • ACL $120.9M at Sept 30, 2025, 1.44% of loans vs 1.51% at Dec 31, 2024; nonperforming assets $39.0M, 0.46% of loans vs 0.45%
- • Capital ratios stable: Common equity Tier 1 14.35%, Tier 1 15.14%, leverage 11.18% at Sept 30, 2025
- • Management notes ongoing evaluation and reserves for Hurricane Helene impacts; cautious outlook due to severe economic factors affecting loans in impacted regions
Risk Factors
- • No material changes in Risk Factors since 2024 Annual Report on Form 10-K
- • Economic uncertainty impacting loan performance and interest rate risk exposures remain significant operational risks
- • Regulatory compliance risk heightened by ongoing government regulatory actions and potential changes in banking laws
- • Competitive pressure from fintech and larger banks impacting near-term deposit growth and lending margins
- • Credit risk concentration in commercial real estate loans requires ongoing monitoring given market volatility
FIRST BANCORP /NC/ Q3 2025 Quarterly FinancialsXBRL
Revenue
$144M
▲ +9.7% YoY▲ +5.5% QoQ
Net Income
$20M
▲ +9.0% YoY▼ -47.2% QoQ
Net Margin
14.1%
▼ -8bp YoY▼ -1408bp QoQ
ROE
1.3%
Total Assets
$12.8B
EPS (Diluted)
$0.49
▲ +8.9% YoY▼ -47.3% QoQ
Operating Cash Flow
$50M
▲ +29.3% YoY▲ +8.7% QoQ
Source: XBRL data from FIRST BANCORP /NC/ Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
Get deeper insights on FIRST BANCORP /NC/
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.