Short answer
FIRST BANCORP /NC/ (FBNC) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $142M (up 7.3% year over year) with net income of $47M.
Q1 2026 key financials · XBRL
- Revenue
- $142M
- +7.3% YoY
- Net income
- $47M
- +28.2% YoY
- EPS (diluted)
- $1.13
- +28.4% YoY
Source: XBRL data from the FIRST BANCORP /NC/ (FBNC) Q1 2026 10-Q on SEC EDGAR. USD.
FIRST BANCORP /NC/ Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue proxy net interest income $107.1M, up 15.4% YoY from $92.8M
- Net income $46.7M vs $36.4M; effective tax rate 20.9% vs 22.2%
- Net interest margin 3.67% vs 3.25%; noninterest income $15.2M vs $13.0M
- SBA loan sale gains $0.9M increase; noninterest expense $60.2M, up 4.0% YoY
- Cash and equivalents $598.0M, up $288.4M from December 31; loans up $71.4M to $8.8B
- Emerging headwinds: provision $3.1M vs $1.1M; NPAs 0.32% vs 0.30% at year-end
Risk Factors
- Risk-factor disclosure not provided in submitted text
- No newly added risk or 10-K comparison available
- Section contains no regulatory, legal, compliance, operational, competitive, market, liquidity, debt, currency, or concentration risks
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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