SOUTHERN PINES, N.C. (AP) — SOUTHERN PINES, N.C. (AP) — First Bancorp (FBNC) on Wednesday reported net income of $18.7 million in its third quarter.
The Southern Pines, North Carolina-based bank said it had earnings of 45 cents per share. Earnings, adjusted for one-time gains and costs, came to 70 cents per share.
The bank holding company for First Bank posted revenue of $145 million in the period. Its revenue net of interest expense was $96.6 million, which fell short of Street forecasts.
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