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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	444.38	441.18	418.85	278.19	219.01	213.1
Interest Income on Investments	88.83	78.06	70.09	62.93	36.91	24.59
Total Interest Income	533.21	519.24	488.94	341.12	255.92	237.68
Interest Paid on Deposits	164.73	172.09	114.87	11.35	7.88	16.3
Interest Paid on Borrowings	7.03	14.88	27.24	4.75	1.64	3.26
Total Interest Expense	171.76	186.97	142.1	16.1	9.52	19.56
Net Interest Income	361.44	332.27	346.84	325.02	246.4	218.12
Net Interest Income Growth (YoY)	10.28%	-4.20%	6.72%	31.91%	12.96%	0.89%
Mortgage Banking Activities	2.13	2.29	1.61	2.1	10.98	14.18
Gain (Loss) on Sale of Investments	-36.82	-37.98	-	-	-1.24	8.02
Other Non-Interest Income	34.38	33.34	36.4	35.33	44.23	40.07
Total Non-Interest Income	17.65	17.9	57.31	57.88	73.61	81.35
Non-Interest Income Growth (YoY)	-69.06%	-68.77%	-0.99%	-21.38%	-9.51%	36.65%
Revenues Before Loan Losses	379.09	350.17	404.15	382.89	320.01	299.47
Provision for Loan Losses	18.04	16.45	17.81	12.4	15.03	35.04
Revenue	361.05	333.72	386.34	370.49	304.98	264.43
Revenue Growth (YoY)	-5.01%	-13.62%	4.28%	21.48%	15.33%	-3.31%
Salaries and Employee Benefits	137.02	135.72	135.25	114.72	100.98	98.43
Occupancy Expenses	16.92	17.48	17.89	15.7	6.2	5.8
Amortization of Goodwill & Intangibles	6.16	6.6	8	3.68	3.53	3.96
Selling, General & Administrative	10.19	10.22	11.76	8.93	14.67	14.6
Other Non-Interest Expense	64.23	65.09	67.26	46.73	42.43	37.97
Total Non-Interest Expense	235.01	235.61	240.68	190.15	167.81	161.3
EBT Excluding Unusual Items	126.05	98.12	145.65	180.34	137.16	103.13
Pretax Income	126.05	98.12	131.96	185.22	120.32	103.13
Income Tax Expense	28.85	21.9	27.83	38.28	24.68	21.65
Net Income	97.2	76.22	104.13	146.94	95.64	81.48
Preferred Dividends & Other Adjustments	0.44	0.39	0.69	0.78	0.48	0.4
Net Income to Common	96.76	75.82	103.45	146.16	95.16	81.08
Net Income Growth	-14.40%	-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)	0.44%	0.39%	15.39%	18.81%	3.61%	-2.49%
EPS (Basic)	2.35	1.85	2.54	4.12	3.19	2.81
EPS (Diluted)	2.35	1.84	2.53	4.12	3.19	2.81
EPS Growth	-14.77%	-27.10%	-38.58%	29.31%	13.30%	-9.22%
Dividend Per Share	0.890	0.880	0.880	0.880	0.800	0.720
Dividend Growth	1.14%	-	-	10.00%	11.11%	33.33%
Effective Tax Rate	22.88%	22.32%	21.09%	20.67%	20.51%	21.00%

Updated May 9, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q