Short answer
FIRST BANCORP /NC/ (FBNC) filed an 8-K current report with the SEC on April 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). First Bancorp reported financial results for the three months ended March 31, 2026.
FIRST BANCORP /NC/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- First Bancorp reported financial results for the three months ended March 31, 2026
- Earnings release issued April 22, 2026 and furnished as Exhibit 99.1
- Results include forward-looking statements subject to risks that could materially affect actual outcomes
Item EX-99.1 · Exhibit EX-99.1
- Q1 net income $46.7M, or $1.13 diluted EPS, versus $15.7M and $0.38 in Q4 2025
- Net interest margin expanded to 3.67%, up 9 basis points sequentially and 42 basis points year over year
- Loans grew 8.5% year over year to $8.8B, while deposits increased 2.5% to $11.0B
- Efficiency ratio improved to 49.05% from 54.51% year over year, signaling stronger operating leverage
- Credit metrics remained favorable with 0.06% annualized net charge-offs and 1.42% allowance coverage, though NPAs rose to 0.32% of assets
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