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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.