First Bancorp (FBNC)

First Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	441.92	441.18	418.85	278.19	219.01	213.1
Interest Income on Investments	83.37	78.06	70.09	62.93	36.91	24.59
Total Interest Income	525.29	519.24	488.94	341.12	255.92	237.68
Interest Paid on Deposits	171.07	172.09	114.87	11.35	7.88	16.3
Interest Paid on Borrowings	8.34	14.88	27.24	4.75	1.64	3.26
Total Interest Expense	179.4	186.97	142.1	16.1	9.52	19.56
Net Interest Income	345.88	332.27	346.84	325.02	246.4	218.12
Net Interest Income Growth (YoY)	3.74%	-4.20%	6.72%	31.91%	12.96%	0.89%
Mortgage Banking Activities	2.4	2.29	1.61	2.1	10.98	14.18
Gain (Loss) on Sale of Investments	-37.01	-37.98	-	-	-1.24	8.02
Other Non-Interest Income	33.2	33.34	36.4	35.33	44.23	40.07
Total Non-Interest Income	17.91	17.9	57.31	57.88	73.61	81.35
Non-Interest Income Growth (YoY)	-68.53%	-68.77%	-0.99%	-21.38%	-9.51%	36.65%
Revenues Before Loan Losses	363.79	350.17	404.15	382.89	320.01	299.47
Provision for Loan Losses	16.36	16.45	17.81	12.4	15.03	35.04
Revenue	347.42	333.72	386.34	370.49	304.98	264.43
Revenue Growth (YoY)	-9.47%	-13.62%	4.28%	21.48%	15.33%	-3.31%
Salaries and Employee Benefits	136.57	135.72	135.25	114.72	100.98	98.43
Occupancy Expenses	16.6	17.48	17.89	15.7	6.2	5.8
Amortization of Goodwill & Intangibles	6.36	6.6	8	3.68	3.53	3.96
Selling, General & Administrative	10.22	10.22	11.76	8.93	14.67	14.6
Other Non-Interest Expense	64.08	65.09	67.26	46.73	42.43	37.97
Total Non-Interest Expense	234.31	235.61	240.68	190.15	167.81	161.3
EBT Excluding Unusual Items	113.11	98.12	145.65	180.34	137.16	103.13
Pretax Income	113.11	98.12	131.96	185.22	120.32	103.13
Income Tax Expense	25.76	21.9	27.83	38.28	24.68	21.65
Net Income	87.35	76.22	104.13	146.94	95.64	81.48
Preferred Dividends & Other Adjustments	0.39	0.39	0.69	0.78	0.48	0.4
Net Income to Common	86.96	75.82	103.45	146.16	95.16	81.08
Net Income Growth	-23.54%	-26.81%	-29.13%	53.63%	17.39%	-11.48%
Basic Shares Outstanding	41	41	41	35	30	29
Diluted Shares Outstanding	41	41	41	36	30	29
Shares Change (YoY)	0.30%	0.39%	15.39%	18.81%	3.61%	-2.49%
EPS (Basic)	2.12	1.85	2.54	4.12	3.19	2.81
EPS (Diluted)	2.12	1.84	2.53	4.12	3.19	2.81
EPS Growth	-23.64%	-27.10%	-38.58%	29.31%	13.30%	-9.22%
Dividend Per Share	0.880	0.880	0.880	0.880	0.800	0.720
Dividend Growth	-	-	-	10.00%	11.11%	33.33%
Effective Tax Rate	22.78%	22.32%	21.09%	20.67%	20.51%	21.00%

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q