First Bancorp Reports Q4 Net Income of $15.7M, Misses Revenue Forecast - FBNC

First Bancorp (FBNC) reported fourth-quarter net income of $15.7 million, or 38 cents per share, the company said on January 21, 2026. Adjusted earnings came in at $1.19 per share. The Southern Pines, North Carolina-based bank posted quarterly revenue of $121.3 million, with revenue net of interest expense at $83.9 million, falling short of analyst expectations. For the full year, First Bancorp recorded profit of $111 million, or $2.68 per share, on total revenue of $390.3 million. The results highlight continued profitability despite weaker-than-expected net revenue performance in the quarter.