First Bancorp (FBNC)

First Bancorp Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	744.44	237.86	270.32	461.16	367.29	231.3
Investment Securities	589.83	800.79	814.54	620.47	260.82	89.17
Trading Asset Securities	-	0.3	-	-	-	-
Mortgage-Backed Securities	1,839	1,950	2,060	2,535	1,368	808.71
Total Investments	2,429	2,751	2,875	3,156	1,628	897.88
Gross Loans	8,014	8,150	6,667	6,083	4,735	4,453
Allowance for Loan Losses	-122.72	-109.85	-90.97	-78.79	-52.39	-21.4
Other Adjustments to Gross Loans	-	-0.18	-1.4	-1.7	-3.7	-
Net Loans	7,891	8,040	6,574	6,003	4,679	4,432
Property, Plant & Equipment	158.97	168.02	152.92	156.81	138.02	134.53
Goodwill	478.75	478.75	364.26	364.26	239.27	234.37
Other Intangible Assets	24.47	29.51	8.67	12.36	9.58	11.83
Loans Held for Sale	9.89	2.67	1.28	80.26	48.35	19.71
Accrued Interest Receivable	32.89	37.35	29.71	25.9	20.27	16.65
Long-Term Deferred Tax Assets	-	107.65	117.03	40.05	-	-
Other Real Estate Owned & Foreclosed	1.52	0.86	0.66	3.07	2.42	3.87
Other Long-Term Assets	341.23	239.38	216.62	201.97	151.24	145.64
Total Assets	12,153	12,115	10,625	10,509	7,290	6,144
Interest Bearing Deposits	6,769	6,297	5,385	5,419	3,499	2,765
Institutional Deposits	386	355.21	276.32	357.36	564.37	649.95
Non-Interest Bearing Deposits	3,350	3,380	3,566	3,349	2,210	1,516
Total Deposits	10,505	10,032	9,228	9,125	6,274	4,931
Short-Term Borrowings	-	529.35	216.59	-	-	-
Current Portion of Long-Term Debt	-	-	0.94	-	-	-
Current Portion of Leases	0.55	2.45	-	-	-	-
Accrued Interest Payable	5.57	5.7	2.74	0.61	0.9	2.15
Long-Term Debt	18	22.98	-	-	-	-
Federal Home Loan Bank Debt, Long-Term	-3.63	0.85	0.9	1.97	5.13	243.97
Long-Term Leases	14.38	15.39	19.39	21.19	17.87	19.86
Trust Preferred Securities	77.32	77.32	69.08	65.41	56.7	56.7
Pension & Post-Retirement Benefits	-	3.35	3.52	4.66	5.98	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.45	7.75
Other Long-Term Liabilities	58.78	53.57	52.77	59.85	35.7	29.45
Total Liabilities	10,676	10,743	9,593	9,278	6,396	5,291
Common Stock	970.45	963.99	725.15	722.67	400.58	429.51
Retained Earnings	761.88	716.42	648.42	532.87	478.49	417.76
Comprehensive Income & Other	-254.81	-308.03	-341.98	-24.97	14.35	5.12
Total Common Equity	1,478	1,372	1,032	1,231	893.42	852.4
Shareholders' Equity	1,478	1,372	1,032	1,231	893.42	852.4
Total Liabilities & Equity	12,153	12,115	10,625	10,509	7,290	6,144
Total Debt	106.63	648.34	306.9	88.58	79.7	320.53
Net Cash (Debt)	637.82	-410.19	-36.58	372.58	287.59	-89.22
Net Cash Growth	-	-	-	29.55%	-	-
Net Cash Per Share	15.45	-9.96	-1.03	12.41	9.92	-3.00
Filing Date Shares Outstanding	41.34	41.13	40.88	35.65	28.49	29.21
Total Common Shares Outstanding	41.34	41.11	35.7	35.63	28.58	29.6
Book Value Per Share	35.74	33.38	28.89	34.54	31.26	28.80
Tangible Book Value	974.31	864.12	658.66	853.96	644.57	606.2
Tangible Book Value Per Share	23.57	21.02	18.45	23.97	22.55	20.48

Source: S&P Capital IQ. Banks template. Financial Sources.