First Bancorp reports Q3 EPS adjusted EPS $1.01, consensus 92c

Reports Q3 tangible book value per share $26.98 from $25.82 in the previous quarter. Common equity tier I capital ratio was 14.35% from 14.64% in the previous quarter. CEO Richard Moore stated “First Bancorp (FBNC) continues to improve financial results in 2025 with substantial margin expansion of 14 basis points and continued expense discipline. We grew loans over 9% annualized in the quarter and benefited from the increases in asset yields as assets originated in the COVID-era historic low interest rate environment continue to mature or reprice. Our liquidity position, capital levels and credit quality remain strong. We are very pleased with the Bank’s performance through three quarters.”