Short answer
FIRST BANCORP /NC/ (FBNC) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $148M (up 8.5% year over year) with net income of $51M.
Q2 2026 key financials · XBRL
- Revenue
- $148M
- +8.5% YoY · +4.2% QoQ
- Net income
- $51M
- +31.0% YoY · +8.3% QoQ
- EPS (diluted)
- $1.22
- +31.2% YoY · +8.0% QoQ
Source: XBRL data from the FIRST BANCORP /NC/ (FBNC) Q2 2026 10-Q on SEC EDGAR. USD.
FIRST BANCORP /NC/ Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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