65.31
+1.10%
Close of 9 Nov 2026, in USD
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About First Bancorp (North Carolina)
From its filings with the US Securities and Exchange Commission
First Bancorp (North Carolina) is based in Southern Pines, North Carolina and is incorporated in North Carolina. Its shares trade on Nasdaq under the ticker FBNC. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported revenue of $67.6m and net income of $111.0m. At that date it held total assets of $12.67bn and shareholders' equity of $1.65bn.
The Company is the fourth largest commercial bank holding company headquartered in North Carolina. At December 31, 2025, the Company had total consolidated assets of $12.7 billion, total loans of $8.7 billion, total deposits of $10.7 billion, and shareholders’ equity of $1.7 billion. Our principal activity is the ownership and operation of the Bank, a state-chartered bank with its headquarters in Southern Pines, North Carolina, through which we engage in a full range of banking activities. Our principal executive offices are located at 205 SE Broad St., Southern Pines, North Carolina 28387, and our telephone number is (910) 246-2500.
The Company was incorporated in North Carolina on December 8, 1983 for the purpose of acquiring 100% of the outstanding common stock of the Bank through a stock-for-stock exchange. The Bank began banking operations in 1935 as the Bank of Montgomery, named for the county in which it originally operated. In 1985, its name was changed to First Bank and in September 2013, the Company and the Bank moved their headquarters and main offices to Southern Pines, North Carolina.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 30 Apr 1987
- Employees
- 1,332
- Website
- localfirstbank.com ↗
- Head office
- 300 SW BROAD STREET, SOUTHERN PINES, NC, 28387
- Incorporated in
- NC
- Classification
- State Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Richard MooreChairman of the Board, Chief Executive Officer, since 2010$1.3m
- Mr. Michael MayerPresident, Director, since 2014$2.1m
- Ms. Elizabeth BostianExecutive Vice President, Chief Financial Officer of the Company and First Bank$797,326
- Mr. Gregory CurriePresident and Chief Executive Officer of First Bank$902,944
- Mr. Christian WilsonExecutive Vice President and Chief Operating Officer of the Company and First Bank$462,628
- Mr. James CrawfordLead Independent Director$87,000
- Ms. Mary CapelIndependent Director$75,000
- Ms. Suzanne DeferieIndependent Director$95,000
- Ms. Abby DonnellyIndependent Director$75,000
- Mr. John MccauleyIndependent Director$75,000
- Mr. Carlie MclambIndependent Director$75,000
- Mr. Dexter PerryIndependent Director$75,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 34
- Environment
- 4
- Social
- 43
- Governance
- 55
- Women in the workforce
- 73%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Bancorp (North Carolina) has strong financial performance and a solid track record in the banking industry. With a strong customer base and loyal customer relationships, the company has built a reliable source of recurring revenue.
- The bank prides itself on its extensive branch network, allowing convenient access to banking services for its customers. This physical presence also helps in building trust and personal relationships with clients.
- First Bancorp has a talented team of employees who possess deep knowledge of the local market. This expertise enables the bank to tailor its products and services to meet the specific needs of the community it serves.
Weaknesses
- One weakness for First Bancorp is its heavy dependence on a single geographic region. This concentration of operations exposes the bank to higher risk in the event of economic downturns or regional disruptions.
- The bank may also face challenges in adapting to rapidly evolving technological advancements. If not addressed proactively, this weakness could result in a competitive disadvantage compared to more technologically advanced competitors.
- First Bancorp's limited brand recognition beyond its current market area could hinder its ability to expand into new markets and attract new customers.
Opportunities
- First Bancorp has the opportunity to grow its market share by expanding into neighboring states or acquiring smaller regional banks. This would reduce its geographic concentration risk and provide access to new customer segments.
- The increasing trend of online banking presents an opportunity for First Bancorp to enhance its digital capabilities and offer innovative online services. Embracing technology could attract tech-savvy customers and improve operational efficiency.
- Developing strategic partnerships with fintech companies could enable First Bancorp to leverage their expertise and access new digital tools and services. This collaboration would enhance the bank's competitive position and attract a wider customer base.
Threats
- One major threat for First Bancorp is the intense competition within the banking industry. Large national and regional banks, as well as emerging fintech companies, pose a challenge in terms of market share and customer acquisition.
- Changes in regulatory policies and compliance requirements create ongoing challenges and costs for First Bancorp. Failure to comply with these regulations may result in legal consequences and reputation damage.
- Economic downturns or financial crises can significantly impact the banking industry, including First Bancorp. Fluctuations in interest rates, market volatility, and credit risks could pose threats to the company's financial stability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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