First Bancorp (NASDAQ:FBNC) filed its quarterly report on Form 10-Q for the period ended September 30, 2026, on November 2, 2026, reporting nine-month net income of $148,454 thousand and third-quarter net income of $51,276 thousand.

Key Highlights

  • Nine-month net income: $148,454 thousand, compared with $95,335 thousand for the same period in 2025, according to the filing.
  • Third-quarter net income: $51,276 thousand, versus $20,363 thousand in the third quarter of 2025.
  • Diluted earnings per share: $1.24 for the three months ended September 30, 2026, and $3.59 for the nine months ended September 30, 2026.
  • Total assets: $13,151,553 thousand as of September 30, 2026, up from $12,668,339 thousand at December 31, 2025.
  • Total deposits: $11,126,304 thousand at September 30, 2026, compared with $10,748,421 thousand at December 31, 2025.
  • Net interest income (nine months): $333,179 thousand, versus $292,035 thousand for the nine months ended September 30, 2025.
  • Shares outstanding: 41,399,233 shares as of October 30, 2026, the filing disclosed.

First Bancorp Q3 2026 Financial Results: Income, Assets, and Balance Sheet Details

According to the 10-Q filing, First Bancorp reported total interest income of $153,979 thousand for the three months ended September 30, 2026, compared with $144,233 thousand in the prior-year quarter. Total interest expense declined to $39,182 thousand from $41,711 thousand over the same period, resulting in net interest income of $114,797 thousand for the quarter, up from $102,522 thousand. For the nine months ended September 30, 2026, net interest income was $333,179 thousand versus $292,035 thousand a year earlier.

The filing reported total noninterest income of $15,117 thousand for the third quarter of 2026, a significant contrast to a loss of $12,952 thousand in the third quarter of 2025, which the filing shows included security losses, net, of $27,905 thousand. For the nine months ended September 30, 2026, total noninterest income was $46,329 thousand. Total noninterest expenses were $63,991 thousand for the quarter and $186,970 thousand for the nine-month period. The company reported merger and acquisition expenses of $450 thousand in the quarter, with no such expenses recorded in the comparable 2025 period.

On the balance sheet as of September 30, 2026, the filing reported net loans of $8,980,658 thousand, up from $8,598,838 thousand at December 31, 2025, with an allowance for credit losses on loans of $124,241 thousand. Total shareholders' equity was $1,713,145 thousand, compared with $1,654,168 thousand at year-end 2025. Accumulated other comprehensive loss widened to $202,910 thousand from $149,375 thousand, reflecting unrealized losses on securities available for sale during the period. Provision for credit losses was $1,300 thousand for the quarter and $5,552 thousand for the nine months ended September 30, 2026.

What Was Disclosed

First Bancorp filed a Form 10-Q for the quarterly period ended September 30, 2026, reporting net income of $51,276 thousand for the quarter and $148,454 thousand for the nine-month period, with total assets of $13,151,553 thousand and total deposits of $11,126,304 thousand at quarter end.