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First Bancorp (FBNC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · First Bancorp (FBNC) Q3 2026 earnings results →

Q3 2026 Revenue up 45% year over year to $130M · 39¢ of every $1 of revenue kept as net profit · operating margin 49.7%

First Bancorp made $130M in Q3 2026 (+45% Y/Y): Net interest income $115M, Noninterest income $15.1M. Operating margin 49.7%, net earnings $51.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.

Revenue$130M
Year over year+45%
Operating margin49.7%
Net earnings$51.3M
Operating cash flow$102M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $129.9M in Q3 2026, up 45% year over year and up 2% from the previous quarter. Net interest income was the largest line at 88% of revenue. Noninterest income added $28.1M year over year, 70% of the total change.

Operating profit was $64.6M, a 49.7% margin (up 20.8 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 29% margin then. Total costs grew 3% against revenue growth of 45%. Net earnings were $51.3M, up 152% year over year. The effective tax rate was 20.7%.

Operating cash flow was $101.5M (up 104% year over year), 198% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $925K of share-based compensation. Working capital and other items added $46.6M. Capital expenditures of $3.6M left free cash flow of $98.0M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 2, 2026$130M+45%49.7%$51.3M$102M

Charts

First Bancorp: where the cash came from (+) and went (−), TTM to Q3 2026First Bancorp: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$602MOperating cash flow$284MOther financing$227MCash drawn (+) / kept (−)$146MDividends−$38.9MCapital spending−$7.6MBuybacks−$7.3MTaxes on employees’ shares−$2.3MShares issued$267K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
First Bancorp: profit against cash, quarter by quarterFirst Bancorp: profit against cash, quarter by quarterNet incomeOperating cash flow$3.6M$68.7MQ4 2024$36.4M$52.6MQ1 2025$38.6M$45.7MQ2 2025$20.4M$49.7MQ3 2025$15.7M$55.2MQ4 2025$46.7M$61.2MQ1 2026$50.5M$66.5MQ2 2026$51.3M$102MQ3 2026
Latest (Q3 2026): Net income $51.3M, Operating cash flow $102M.
First Bancorp: diluted shares by fiscal yearFirst Bancorp: diluted shares by fiscal year29MFY202030MFY202136MFY202241MFY202341MFY202441MFY2025
+43.0% since FY2020: more shares outstanding (issuance, stock pay).
First Bancorp: long-term debt falling due (FY2025)First Bancorp: long-term debt falling due (FY2025)$753K2028$77.3MLater
Cash $310M, short-term investments —, long-term debt $74.6M at 2025-12-31.
First Bancorp in its industry: growth against margin (133 companies, SIC 6022)First Bancorp in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBHWCAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSMCHBCCBGABCBYSYBTPEBOTCBKOBKSTBAFMBHRBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFIWASHCCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCCFFIRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSNWFLWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFFBNC (+45%, 50%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About First Bancorp

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.

In its own words, from its 10-K, filed Feb 25, 2026.

First Bancorp against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +45% against the peers' median +12%. Operating margin: 49.7% against the peers' median 34.7%.

CompanyQuarterRevenueY/YOp. margin
FBNC First BancorpQ3 2026$130M+45%49.7%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: First Bancorp 10-Q on SEC EDGAR · CIK 811589 · State Commercial Banks

Guidance and outlook

First Bancorp: what its forward-looking statements are about (10-Q filed 2026-11-02)First Bancorp: what its forward-looking statements are about (10-Q filed 2026-11-02)Other5Financing1
6 statements; tone -0.83 (−1 all cautious, +1 all confident); 2 hedged.
First Bancorp: outlook statements against the filing beforeFirst Bancorp: outlook statements against the filing beforeCautious5

13F: who owns FBNC and who is buying

Largest holders of FBNC (13F)Largest holders of FBNC (13F)BlackRock$380MFMR LLC$236MVanguard Group$145MState Street$139MVanguard Capital Management LLC$117MDimensional Fund Advisors LP$109MFranklin Resources$107MAmeriprise Financial$78.0MWestwood Holdings Group$72.8MGeode Capital Management, LLC$70.1M
Funds' net buying of FBNC by quarter (13F)Funds' net buying of FBNC by quarter (13F)$2.1M2024-09$2.8M2024-12−$11.6M2025-03$110M2025-06$97.8M2025-09−$83.7M2025-12$55.1M2026-03$37.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FBNC

History

Every quarter: Q3 2026 results

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中文版：First Bancorp（FBNC）财报

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