First Bancorp (FBNC,FBP), on Wednesday reported higher net income in the first quarter compared with the previous year.
For the first quarter of 2026, net income increased to $88.78 million from $77.06 million in the previous year.
Earnings and adjusted earnings per share were $0.57 versus $0.47 last year.
Adjusted net income attributable to common stockholders increased to $88.72 million from $77.06 million in the previous year.
Net interest income increased to $220.96 million from $212.40 million in the previous year.
Noninterest income jumped to $37.69 million from $35.73 million in the prior year.
Book value per share surged to $12.72 from $10.91 last year.
In the pre-market trading, First Bancorp is 1.29% higher at $24.35 on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.