First Bancorp Reports Q4 2025 Net Income of $15.7M, EPS at $0.38
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: PRnewswire
- Net Income Decline: First Bancorp reported a net income of $15.7 million for Q4 2025, a 23.5% decrease from $20.4 million in Q3 2025, yet a significant 343.5% increase from $3.6 million in Q4 2024, demonstrating resilience amid economic fluctuations.
- Interest Income Growth: The net interest income for Q4 reached $106.2 million, up 3.6% from $102.5 million in Q3 and a 19.5% increase year-over-year, primarily driven by improved loan yields and effective management of deposit costs.
- Strong Capital Ratios: As of December 31, 2025, First Bancorp's total risk-based capital ratio stood at 16.08%, down from 16.58% in Q3, yet still above regulatory requirements, indicating a robust capital structure while expanding loans.
- Effective Expense Control: Noninterest expenses for Q4 totaled $62.2 million, slightly up from $60.2 million in Q3, but only a 6.3% increase year-over-year, reflecting the company's ability to manage costs effectively while expanding its operations.
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Analyst Views on FBNC
Wall Street analysts forecast FBNC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FBNC is 60.67 USD with a low forecast of 58.00 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 56.800
Low
58.00
Averages
60.67
High
62.00
Current: 56.800
Low
58.00
Averages
60.67
High
62.00
About FBNC
First Bancorp is a bank holding company. The principal activity of the Company is the ownership and operation of the First Bank (the Bank), a state-chartered bank with its main office in Southern Pines, North Carolina. The Bank has two wholly owned subsidiaries, Magnolia Financial, Inc. (Magnolia Financial) and First Troy SPE, LLC. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. The Bank maintains a diversified loan portfolio by providing a broad range of commercial and retail lending services to business entities and individuals. The Bank provides commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, letters of credit, and loans for personal uses, home improvement, and automobiles. The Bank offers a full range of deposit accounts and services to both retail and commercial customers. The Bank operates about 113 branches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Bancorp Board Member Retires
- Board Member Retirement: Mary Clara Capel retired immediately on January 27, 2026, concluding her service on the First Bancorp and First Bank Board since 2005, marking a significant leadership change for the company.
- Family Service History: The Capel family's service to First Bancorp spans nearly 70 years, beginning with Jesse Capel's board membership in 1959, showcasing the family's profound influence on the company.
- Extensive Business Experience: Mary Clara Capel served as Director of Administration and Marketing at Capel, Incorporated for 37 years, facilitating the company's transformation from a local rug manufacturer to a global importer and exporter, bringing invaluable executive decision-making skills.
- Company's Gratitude: First Bancorp expresses deep gratitude for the Capel family's nearly seven decades of dedication, emphasizing that their leadership has been instrumental in the company's growth and success.
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First Bancorp (FBNC) Q4 Non-GAAP EPS of $1.19 Beats Estimates by $0.15
- Earnings Beat: First Bancorp reported a Q4 Non-GAAP EPS of $1.19, exceeding market expectations by $0.15, indicating resilience in its profitability amidst challenging conditions.
- Revenue Decline: The company's revenue of $83.9 million represents a 5.6% year-over-year decline and fell short of market expectations, reflecting pressures on overall business performance.
- Market Reaction: Given the revenue miss, investors may adopt a cautious outlook on the company's future growth prospects, potentially impacting stock price performance.
- Financial Health: Despite the revenue decline, First Bancorp must focus on maintaining its financial health to ensure stable profitability in a competitive market environment.
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