First Bancorp /Nc/FBNC
What First Bancorp /Nc/ does.
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.
As of December 31, 2025, the Bank had two wholly-owned subsidiaries, Magnolia Financial and First Troy SPE, LLC. Magnolia Financial is a business financing company that offers accounts receivable financing and factoring, inventory financing, and purchase order financing throughout the southeastern United States. First Troy SPE, LLC is a holding entity for certain foreclosed real estate. SBA Complete, which was in the process of dissolution as of December 31, 2024, was formerly a subsidiary of the Bank and specialized in providing consulting services for financial institutions across the country related to SBA loan origination and servicing.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $299.5M | $25.3M | $17.4M | $32.8M | $70.1M | $67.6M |
| Net income | $81.5M | $95.6M | $146.9M | $104.1M | $76.2M | $111.0M |
| Free cash flow | $46.0M | $132.9M | $225.4M | $127.0M | $172.1M | $198.9M |
More on FBNC.
- First Bancorp /Nc/ summary
- First Bancorp /Nc/ financial statements
- First Bancorp /Nc/ key metrics
- First Bancorp /Nc/ health scores and style box
- First Bancorp /Nc/ earnings
- First Bancorp /Nc/ dividends
- First Bancorp /Nc/ valuation
- First Bancorp /Nc/ ownership and insiders
- First Bancorp /Nc/ peers
Figures from First Bancorp /Nc/'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.