Security
FBNC · FIRST BANCORP /NC/
FBNCNASDAQCommon stockCurrentCIK 811589Updated Sep 26, 2026
FBNC price & chart
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NASDAQ:FBNC on TradingView ↗In the news
FIRST BANCORP ANNOUNCES ACQUISITION OF FIRST CAROLINA BANCSHARES CORPORATION TO EXPAND ITS SOUTH CAROLINA PRESENCE ↗
Recent filings
S-4 filing
Other Events
Items 8.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Other Events
Items 1.01, 8.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,668,339,000Source | 12,147,694,000Source | 12,114,942,000Source | 10,625,049,000Source |
| Property, Plant and Equipment, NetUSD | 139,125,000Source | 143,459,000Source | 150,957,000Source | 134,187,000Source |
| GoodwillUSD | 478,750,000Source | 478,750,000Source | 478,750,000Source | 364,263,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 17,232,000Source | 22,904,000Source | 32,858,000Source | 12,675,000Source |
| Operating Lease, Right-of-Use AssetUSD | 13,400,000Source | 13,800,000Source | 17,063,000Source | 18,733,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,014,171,000Source | 10,702,083,000Source | 10,742,562,000Source | 9,593,453,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 973,884,000Source | 971,313,000Source | 963,990,000Source | 725,153,000Source |
| Retained Earnings (Accumulated Deficit)USD | 829,659,000Source | 756,327,000Source | 716,420,000Source | 648,418,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -149,375,000Source | -282,029,000Source | -308,030,000Source | -341,975,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,654,168,000Source | 1,445,611,000Source | 1,372,380,000Source | 1,031,596,000Source |
| Liabilities and EquityUSD | 12,668,339,000Source | 12,147,694,000Source | 12,114,942,000Source | 10,625,049,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 9,537,000Source | 9,105,000Source | 9,046,000Source | 7,857,000Source |
| Long-term DebtUSD | 74,569,000Source | 91,876,000Source | 630,158,000Source | 287,507,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,763,000Source | 4,920,000Source | 5,125,000Source | 2,982,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 203,131,000Source | 174,781,000Source | 131,396,000Source | 230,654,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | -22,610,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -562,069,000Source | 169,666,000Source | -191,365,000Source | -713,359,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,245,000Source | 2,657,000Source | 4,421,000Source | 5,287,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,692,000Source | 1,691,000Source | 743,000Source | 840,000Source |
| Payments for Repurchase of Common StockUSD | 991,000Source | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 161,026,000Source | -74,795,000Source | 27,506,000Source | 291,861,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 37,284,000Source | 36,249,000Source | 34,940,000Source | 30,660,000Source |
| Repayments of Long-term DebtUSD | — | — | — | 133,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -197,912,000Source | 269,652,000Source | -32,463,000Source | -190,844,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 309,595,000Source | 507,507,000Source | 237,855,000Source | 270,318,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 159,156,000Source | 186,894,000Source | 135,704,000Source | 14,312,000Source |
| Income Taxes Paid, NetUSD | 11,020,000Source | 33,500,000Source | 29,734,000Source | 39,722,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 3,400,000Source | 4,300,000Source | 4,600,000Source | 3,000,000Source |
| Amortization of Intangible AssetsUSD | 5,672,000Source | 6,604,000Source | 8,003,000Source | 3,684,000Source |
| Bank Owned Life Insurance IncomeUSD | 5,113,000Source | 4,773,000Source | 4,350,000Source | 3,847,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -71,627,000Source | -37,981,000Source | 0Source | 0Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 0Source | — | 0Source | 0Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | 998,000Source | — |
| DepreciationUSD | 6,793,000Source | 7,760,000Source | 7,754,000Source | 6,859,000Source |
| Dividends PayableUSD | 9,537,000Source | 9,105,000Source | 9,046,000Source | 7,857,000Source |
| Equipment ExpenseUSD | — | — | 6,027,000Source | 5,808,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | 4,500,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 9,564,000Source | 18,751,000Source | 19,750,000Source | 12,600,000Source |
| GoodwillUSD | 478,750,000Source | 478,750,000Source | 478,750,000Source | 364,263,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | 28,452,000Source | 21,902,000Source | 27,825,000Source | 38,283,000Source |
| Net Income (Loss) Attributable to ParentUSD | 111,048,000Source | 76,215,000Source | 104,131,000Source | 146,936,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 110,428,000Source | 75,824,000Source | 103,446,000Source | 146,157,000Source |
| Operating Lease, ExpenseUSD | 2,500,000Source | 2,500,000Source | 3,100,000Source | 2,900,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 216,476,000Source | 243,029,000Source | 165,358,000Source | 251,314,000Source |
| Proceeds from Stock Options ExercisedUSD | 1,491,000Source | 4,094,000Source | 4,519,000Source | — |
| Provision for Loan, Lease, and Other LossesUSD | 11,502,000Source | 16,448,000Source | 17,813,000Source | 12,400,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | -71,627,000Source | -37,981,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 67,623,000Source | 70,123,000Source | 32,816,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 139,500,000Source | 98,117,000Source | 131,956,000Source | 185,219,000Source |
| Income Tax Expense (Benefit)USD | 28,452,000Source | 21,902,000Source | 27,825,000Source | 38,283,000Source |
| Net Income (Loss) Attributable to ParentUSD | 111,048,000Source | 76,215,000Source | 104,131,000Source | 146,936,000Source |
| Earnings Per Share, BasicUSD per share | 2.68Source | 1.85Source | 2.54Source | 4.12Source |
| Earnings Per Share, DilutedUSD per share | 2.68Source | 1.84Source | 2.53Source | 4.12Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 41,196,459Source | 41,021,475Source | 40,746,772Source | 35,485,620Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 41,453,247Source | 41,327,216Source | 41,164,834Source | 35,674,730Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 5,672,000Source | 6,604,000Source | 8,003,000Source | 3,684,000Source |
| Bank Owned Life Insurance IncomeUSD | 5,113,000Source | 4,773,000Source | 4,350,000Source | 3,847,000Source |
| Business Combination, Acquisition Related CostsUSD | 0Source | 0Source | 13,695,000Source | 5,072,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.91Source | 0.88Source | 0.88Source | 0.88Source |
| Debt and Equity Securities, Gain (Loss)USD | -71,627,000Source | -37,981,000Source | 0Source | 0Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | 998,000Source | — |
| Equipment ExpenseUSD | — | — | 6,027,000Source | 5,808,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | 4,500,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 9,564,000Source | 18,751,000Source | 19,750,000Source | 12,600,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Interest ExpenseUSD | — | — | 142,101,000Source | 16,103,000Source |
| InterestExpenseOperatingUSD | 158,988,000Source | 186,967,000Source | — | — |
| Interest Income (Expense), NetUSD | 398,247,000Source | 332,273,000Source | 346,658,000Source | 324,854,000Source |
| Labor and Related ExpenseUSD | 144,184,000Source | 140,022,000Source | 139,851,000Source | 117,718,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 110,428,000Source | 75,824,000Source | 103,446,000Source | 146,157,000Source |
| Operating Lease, ExpenseUSD | 2,500,000Source | 2,500,000Source | 3,100,000Source | 2,900,000Source |
| Other IncomeUSD | 7,483,000Source | 6,945,000Source | 6,405,000Source | 5,683,000Source |
Offerings
Registration 333-299108
Filing attachments
ea030610801ex99-2.htm · S-4 · 2026-09-24
Exhibit 99.2 1251 AVENUE OF THE AMERICAS, 6TH FLOOR NEW YORK, NY 10020 P 212 466-7800 | TF 800 635-6851 Piper Sandler & Co. Since 1885. Member SIPC and NYSE. CONSENT OF PIPER SANDLER & CO. We hereby consent to the inclusion of our opinion letter to the Board of Directors of First Carolina Bancshares Corporation (the “Company”) as an Annex to the Proxy Statement/Prospectus relating to the proposed merger of the Company with First Bancorp contained in the Registration Statemen…
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