First Bancorp Q2 FY26 net income rises 8.27% to $50.52 million; NIM widens 0.04 percentage point to 3.71% - FBNC News | RalliesFirst Bancorp Q2 FY26 net income rises 8.27% to $50.52 million; NIM widens 0.04 percentage point to 3.71%
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FBNC• Quarterly results and margin improvement
- First Bancorp posted Q2 2026 net income of $50.52 million, up 8.27% from Q1 2026; diluted EPS rose to $1.22 from $1.13.
- Net interest income climbed 3.87% to $111.27 million from Q1 2026; net interest margin widened 0.04 percentage point to 3.71%.
- Provision for credit losses fell to $1.17 million from $3.08 million in Q1 2026.
- Total assets reached $13.04 billion at June 30, up 0.7% from March 31; loans rose 2.2% to $8.99 billion.
Pending acquisition of First Carolina Bancshares
- First Bancorp announced a pending acquisition of First Carolina Bancshares in a 75% stock, 25% cash deal, expected to close late 2026 or early 2027.
