Short answer
FIRST BANCORP /NC/ (FBNC) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $144M (up 9.7% year over year) with net income of $20M.
Q3 2025 key financials · XBRL
- Revenue
- $144M
- +9.7% YoY · +5.5% QoQ
- Net income
- $20M
- +9.0% YoY · −47.2% QoQ
- EPS (diluted)
- $0.49
- +8.9% YoY · −47.3% QoQ
Source: XBRL data from the FIRST BANCORP /NC/ (FBNC) Q3 2025 10-Q on SEC EDGAR. USD.
FIRST BANCORP /NC/ Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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