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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	452.12	441.18	418.85	278.19	219.01	213.1
Interest Income on Investments	93.88	78.06	70.09	62.93	36.91	24.59
Total Interest Income	546	519.24	488.94	341.12	255.92	237.68
Interest Paid on Deposits	158.35	172.09	114.87	11.35	7.88	16.3
Interest Paid on Borrowings	6.76	14.88	27.24	4.75	1.64	3.26
Total Interest Expense	165.11	186.97	142.1	16.1	9.52	19.56
Net Interest Income	380.89	332.27	346.84	325.02	246.4	218.12
Net Interest Income Growth (YoY)	16.87%	-4.20%	6.72%	31.91%	12.96%	0.89%
Mortgage Banking Activities	1.91	2.29	1.61	2.1	10.98	14.18
Gain (Loss) on Sale of Investments	-64.73	-37.98	-	-	-1.24	8.02
Other Non-Interest Income	36.38	33.34	36.4	35.33	44.23	40.07
Total Non-Interest Income	-8.81	17.9	57.31	57.88	73.61	81.35
Non-Interest Income Growth (YoY)	-	-68.77%	-0.99%	-21.38%	-9.51%	36.65%
Revenues Before Loan Losses	372.08	350.17	404.15	382.89	320.01	299.47
Provision for Loan Losses	7.28	16.45	17.81	12.4	15.03	35.04
Revenue	364.8	333.72	386.34	370.49	304.98	264.43
Revenue Growth (YoY)	0.59%	-13.62%	4.28%	21.48%	15.33%	-3.31%
Salaries and Employee Benefits	137.61	135.72	135.25	114.72	100.98	98.43
Occupancy Expenses	17.18	17.48	17.89	15.7	6.2	5.8
Amortization of Goodwill & Intangibles	5.94	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	63.93	65.09	67.26	46.73	42.43	37.97
Total Non-Interest Expense	235.37	235.61	240.68	190.15	167.81	161.3
EBT Excluding Unusual Items	129.43	98.12	145.65	180.34	137.16	103.13
Pretax Income	129.43	98.12	131.96	185.22	120.32	103.13
Income Tax Expense	30.55	21.9	27.83	38.28	24.68	21.65
Net Income	98.89	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	98.5	75.82	103.45	146.16	95.16	81.08
Net Income Growth	-3.37%	-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)	0.41%	0.39%	15.39%	18.81%	3.61%	-2.49%
EPS (Basic)	2.39	1.85	2.54	4.12	3.19	2.81
EPS (Diluted)	2.39	1.84	2.53	4.12	3.19	2.81
EPS Growth	-3.80%	-27.10%	-38.58%	29.31%	13.30%	-9.22%
Dividend Per Share	0.900	0.880	0.880	0.880	0.800	0.720
Dividend Growth	2.27%	-	-	10.00%	11.11%	33.33%
Effective Tax Rate	23.60%	22.32%	21.09%	20.67%	20.51%	21.00%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q