First Bancorp Reports Strong Q1: Net Income Jumps to $46.7M, D-EPS $1.13
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First Bancorp announced robust first-quarter 2026 financial results, reporting net income of $46.7 million and diluted earnings per share (D-EPS) of $1.13. These figures represent a significant increase from both the prior quarter and the same period last year, building on the strong performance outlined in the company's 2025 10-K. The bank also reported a healthy net interest margin of 3.67%, alongside solid loan growth of $71.4 million and deposit growth of $264.0 million for the quarter. This strong operational performance, coupled with maintained credit quality and capital ratios, suggests continued financial health and could positively impact investor sentiment. Traders will be watching for sustained growth in net interest income and any shifts in credit metrics in upcoming reports.
At the time of this announcement, FBNC was trading at $57.79 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $37.03 to $62.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.