Filing Flows › First Bancorp (FBNC) › Q3 2026
First Bancorp (FBNC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
First Bancorp (FBNC) reported revenue of $130M for the third quarter 2026 (Q3 2026), +45% from a year earlier and +2% from the quarter before. Operating margin was 49.7%, net earnings $51.3M (39.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | +2% | +45% |
| Operating profit | $64.6M | +2% | +149% |
| Net earnings | $51.3M | +1% | +152% |
| Operating cash flow | $102M | +53% | +104% |
| Free cash flow | $98.0M | +50% | +103% |
What changed
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.
Questions
What was First Bancorp's revenue in the third quarter 2026?
First Bancorp (FBNC) reported revenue of $130M for the third quarter 2026 (Q3 2026), +45% from a year earlier and +2% from the quarter before.
Was First Bancorp profitable in the third quarter 2026?
Operating profit was $64.6M (49.7% of revenue) and net earnings $51.3M.
Source: First Bancorp 10-Q on SEC EDGAR.