SOUTHERN PINES, N.C. (AP) — SOUTHERN PINES, N.C. (AP) — First Bancorp (FBNC) on Wednesday reported net income of $36.4 million in its first quarter.
The bank, based in Southern Pines, North Carolina, said it had earnings of 88 cents per share. Earnings, adjusted for non-recurring gains, were 84 cents per share.
The bank holding company for First Bank posted revenue of $145.6 million in the period. Its revenue net of interest expense was $105.8 million, topping Street forecasts.
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