Welcome to our dedicated page for First Bancorp N C SEC filings (Ticker: FBNC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission (SEC) filings for First Bancorp (NASDAQ: FBNC), the North Carolina bank holding company for First Bank. Through these filings, investors can review how the company reports its financial condition, results of operations, governance decisions, and other material events in the commercial banking sector.
First Bancorp’s current reports on Form 8-K disclose items such as quarterly earnings releases, dividend declarations, leadership and board changes, and shareholder vote outcomes. For example, recent 8-K filings have reported the company’s financial results for specific quarters, the declaration of cash dividends on common stock, the appointment of executives and directors, and the board’s decision on the frequency of advisory votes on executive compensation.
In addition to 8-Ks, investors can consult First Bancorp’s annual reports on Form 10-K and quarterly reports on Form 10-Q for more detailed information on net interest income, net interest margin, loan and deposit balances, noninterest income and expenses, capital ratios, liquidity measures, and credit quality metrics such as nonperforming assets and allowance for credit losses. These filings explain how the company manages interest rate risk, credit risk, and other factors relevant to a commercial bank operating through First Bank’s branch network in North Carolina and South Carolina.
Regulatory filings also document governance and shareholder matters, including board committee decisions, say-on-pay vote outcomes, and related follow-up actions. Together, these documents form the official record of First Bancorp’s regulatory disclosures and can be used to analyze trends in performance, capital and liquidity, asset quality, and corporate governance over time.
On Stock Titan, users can view First Bancorp’s latest SEC submissions as they are made available through EDGAR and use AI-powered tools to quickly understand the key points in lengthy reports, such as earnings releases and other filed exhibits.
First Bancorp/Southern Pines Schedule 13G reports that Vanguard Capital Management beneficially owns 2,076,036 shares of common stock, representing 5.01% of the class as reported. The filing lists sole voting power for 303,852 shares and sole dispositive power for 2,076,036 shares. The filing also states that this ownership reflects holdings across Vanguard Capital Management LLC and specified affiliates and was signed on 04/29/2026.
First Bancorp reported the results of its annual shareholder meeting held on April 28, 2026. Shareholders elected 11 directors to serve until the 2027 annual meeting, with each nominee receiving over 27 million votes in favor.
Shareholders also ratified Crowe, LLP as independent auditors for 2026, with 36,633,992 votes for and minimal opposition. In addition, they approved, on a non-binding advisory basis, the company’s executive compensation (“Say-on-Pay”), with 30,515,764 votes for, 1,390,398 against, and 45,780 abstentions, alongside 4,747,248 broker non-votes.
First Bancorp, the parent of First Bank, appointed Kate Nevin and Peter Hans to the Boards of Directors of both First Bancorp and First Bank, effective April 28, 2026. Both will serve on key board committees, including compensation, nominating and governance, executive, and loan committees.
Nevin is President of TSWII Capital Advisors with more than 20 years of experience in alternative investment strategies and values‑aligned investing. Hans is President of the University of North Carolina System and has a long background in education and public policy. First Bancorp highlighted these appointments as aligned with its focus on thoughtful leadership and long‑term growth.
First Bancorp reported strong first quarter 2026 results, with net income of $46.659 million and diluted EPS of $1.13. Profit rose from $15.713 million in the prior quarter and $36.406 million a year earlier as net interest income increased to $107.116 million.
Net interest margin expanded to 3.67% from 3.58% in Q4 2025 and 3.25% in Q1 2025, helped by higher loan and securities yields and lower deposit costs. The efficiency ratio improved to 49.05%, reflecting tight expense control. Asset quality remained solid, with annualized net charge-offs of 0.06% and nonperforming assets at 0.32% of total assets.
Total loans reached $8.794 billion and deposits $11.012 billion at March 31, 2026, supporting total assets of $12.948 billion. Capital ratios stayed comfortably above regulatory minimums, including a common equity tier 1 capital ratio of 14.11% and a tangible common equity to tangible assets ratio of 9.63%.
First Bancorp/Southern Pines (FBNC) Schedule 13G/A shows The Vanguard Group reports beneficial ownership of 0 shares (0%) of Common Stock following an internal realignment. The filing states certain Vanguard subsidiaries now report ownership separately under SEC Release No. 34-39538.
The disclosure is administrative: it documents Vanguard's reporting change and confirms no shared or sole voting or dispositive power over the issuer's common stock as reported in this amendment.
First Bancorp is asking shareholders to elect 11 directors, ratify Crowe LLP as 2026 auditors and approve a non-binding Say-on-Pay vote at its April 28, 2026 annual meeting. Only holders of the 41,429,641 shares outstanding on March 6, 2026 may vote, with options to vote online, by phone, mail or in person.
The proxy highlights strong 2025 performance: total assets of $12.7 billion, loans of $8.7 billion, deposits of $10.7 billion and shareholders’ equity of $1.7 billion. Net income was $111.0 million, or $2.68 diluted EPS, versus $76.2 million and $1.84 in 2024. After $71.6 million of securities losses from portfolio restructuring, adjusted net income was $166.1 million and adjusted diluted EPS was $4.01.
Net interest margin expanded from 2.89% to 3.40% as asset yields rose and deposit costs fell. Asset quality remained solid, with nonperforming assets of $37.7 million, or 0.30% of total assets, and net loan charge-offs of $8.6 million, or 0.10% of average loans. Capital levels were well above regulatory “well-capitalized” thresholds, with an 11.21% leverage ratio and 16.12% total risk-based capital ratio.
The Board reports that eight of 11 nominees are independent and all directors stand for annual election. Committees oversee audit, compensation, nominations, risk and loans, and independent directors meet in regular executive sessions. The Compensation Discussion and Analysis describes pay-for-performance programs using both GAAP and non-GAAP metrics, with annual incentives and long-term restricted stock tied to earnings, growth, efficiency and shareholder alignment.
First Bancorp announced that its board of directors has declared a cash dividend of $0.24 per share on its common stock, payable on April 27, 2026 to shareholders of record as of March 31, 2026. This delivers direct cash returns to current equity holders on that record date.
Chief Executive Officer Richard Moore said the decision reflects strong fourth-quarter financial performance, with solid capital and liquidity positions and stable credit quality, and highlighted meaningful growth in adjusted net income and adjusted EPS. First Bancorp, headquartered in Southern Pines, North Carolina, reports total assets of $12.7 billion and operates 113 First Bank branches across North and South Carolina, along with a nationwide SBA lending platform.
FIRST BANCORP /NC/ Chief Accounting Officer Brent Hicks reported an equity compensation grant. On March 6, 2026, he was awarded 613 shares of Restricted Stock at a reference price of $55.93 per share, classified as a grant, award, or other acquisition.
These shares were granted under the Company’s Annual Incentive Plan and vest in three equal installments, with one-third vesting in December 2027, one-third in December 2028, and the final third in December 2029. After this award, his directly held Restricted Stock position reported in the filing is 3,694 shares.
First Bancorp, parent of First Bank, reported a leadership change tied to its succession plan. Michael G. Mayer has retired from his roles at the Company and First Bank effective February 28, 2026. He previously served as President of First Bancorp and Chief Executive Officer of First Bank.
Although retiring from his management positions, Mr. Mayer will remain involved with the organization by continuing to serve on the Boards of Directors of both First Bancorp and First Bank, providing ongoing board-level experience and continuity.
FIRST BANCORP /NC/ President Mayer Michael Goodwin reported tax-related share dispositions in company stock. On February 26, 2026, he used shares of Common Stock to satisfy estimated income taxes triggered by vesting restricted shares. The Form 4 lists three code F transactions, each described as payment of tax liability by delivering securities, at a price of $60.18 per share. These tax-withholding dispositions involved several thousand shares, including blocks of 7,923, 461 and 6,203 shares.