Overview

* First Bancorp Q3 net income declines from linked quarter, rises from like quarter

* Adjusted EPS for Q3 2025 improves, excluding securities loss

* Net interest income and margin rise in Q3 2025

Outlook

* Company did not provide specific guidance for future quarters

Result Drivers

* LOAN GROWTH - First Bancorp accelerated loan growth in Q3, increasing total loans by $193.6 mln

* SECURITIES TRANSACTION - A securities loss-earnback transaction led to a $27.9 mln loss

* EXPENSE MANAGEMENT - Noninterest expenses rose slightly due to increased personnel costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.49

Q3 Net $20.36

Income mln

Q3 Net $102.5

Interest mln

Income

Q3 Net 3.46%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for First Bancorp (North Carolina) ( FBNC ) is $55.50, about 12.1% above its October 21 closing price of $48.79

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)