First Bancorp (FBNC) posted fourth-quarter net loss available to common shareholders of $26.5 million or $1.53 per share, compared to net income of $190 thousand or $0.01 per share in the comparable quarter last year.
On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.42 per share. Analysts' estimates typically exclude special items.
Net interest income for the quarter was $35.7 million, up 11.8% from $31.9 million in the previous year quarter, while total non-interest loss for the quarter was $8.5 million, compared to a total non-interest income of $3.4 million in the year-ago period.
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