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First Bancorp (FBNC) guidance and outlook

First Bancorp's 10-Q filed Nov 2, 2026 makes 6 forward-looking statements.

Guidance and outlook

6 statements; tone -0.83 (−1 all cautious, +1 all confident); 2 hedged.

Forward-looking statements, 10-Q filed Nov 2, 2026

Our estimate of credit losses is determined using a complex model that relies on reasonable and supportable forecasts and historical loss information to determine the balance of the ACL and allowance for unfunded commitments.
The ACL reflects our estimate of life of loan expected credit losses that will result from the inability of our borrowers to make required loan payments.
We consider the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio.
The amount of any changes could be significant if the assessment of loan quality or collateral values changes substantially with respect to one or more loan relationships or portfolios or if there is a significant change in the reasonable and supportable forecast or assumptions used to model our expected credit losses.
No assurance can be given that we will not in any particular period sustain loan losses that are sizable in relation to the amounts reserved or that subsequent evaluations of the loan portfolio, in light of conditions and factors then prevailing, will not require significant changes in the ACL or future charges to earnings.
We estimate expected credit losses associated with these commitments over the contractual period in which we are exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable.

First Bancorp's latest quarter

First Bancorp, Q3 2026: revenue $130M (+45% year over year), operating margin 49.7%, net earnings $51.3M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.

Questions

What does First Bancorp expect?

Our estimate of credit losses is determined using a complex model that relies on reasonable and supportable forecasts and historical loss information to determine the balance of the ACL and allowance for unfunded commitments. The ACL reflects our estimate of life of loan expected credit losses that will result from the inability of our borrowers to make required loan payments. We consider the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.