First Bancorp reports Q1 adjusted EPS $1.13, consensus $1.09

Richard Moore, Chairman and CEO of the company, stated, “First Bancorp (FBNC) delivered a strong start to 2026 with financial performance that underscores the benefit of our balance sheet management activities, continued margin expansion, and prudent expense control. Earnings continue to benefit from the repositioning of lower-yielding assets into higher-yielding opportunities, while our liquidity, capital and credit quality remain strong. We are highly encouraged by our first quarter performance and remain confident in our ability to sustain momentum and drive continued success in 2026.”