First Bancorp reported second quarter 2026 net income of $50.5 million, or $1.22 diluted EPS, compared to $46.7 million or $1.13 diluted EPS in the prior quarter. The company expanded its net interest margin to 3.71% and grew total assets to $13.0 billion. Additionally, the company reiterated its pending acquisition of First Carolina Bancshares Corporation in a 75% stock and 25% cash transaction, expected to close in late 2026 or early 2027. First Bancorp is a bank holding company that owns and operates First Bank, a community bank in North Carolina and South Carolina.
