First Bancorp NC

Q2 FY2026 EarningsFBNC Q2 FY26 beat consensus on top and bottom lines, with Diluted EPS of $1.22 exceeding the $1.15 expectation (+6.32%) and revenue reaching $127.3M vs. $126.1M expected. Performance was driven by Net Interest Margin (NIM) expansion to 3.71% (+39 bps YoY) as loan yields rose to 5.67% and funding costs decreased following 2025 rate cuts. Management also announced a strategic acquisition of First Carolina Bancshares, expected to close in Q1 2027, signaling aggressive expansion in South Carolina.