fbnc: the income statement

MyFinsight

FIRST BANCORP NC (FBNC)

For the quarter ending 2025-06-30, FBNC made $151,082K in revenue. $38,566K in net income. Net profit margin of 25.53%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax expense	11,256
Other income, net	695
Commissions from sales of financial products	1,388
Securities losses, net	-
Bank-owned life insurance income	1,221
Service charges on deposit accounts	3,976
Sba loan sale gains	151
Other service charges and fees	6,595
Presold mortgage loan fees and gains on sale	315
Total noninterest income	14,341
Other operating expenses	17,128
Occupancy and equipment expense	5,195
Salaries, incentives and commissions expense	29,005
Employee benefit expense	6,187
Total personnel expense	35,192
Intangibles amortization expense	1,468
Total noninterest expenses	58,983
Provision for credit losses	2,212
Interest on deposits	38,405
Interest on borrowings	1,660
Total interest expense	40,065
Tax-exempt interest income	1,116
Taxable interest income	16,857
Other, principally overnight investments	5,837
Interest and fees on loans	112,931
Total interest income	136,741
Net interest income	96,676
Net interest income after provision for credit losses	94,464
Income before income taxes	49,822
Net income	38,566

Basic (in dollars per share)	0.93
Basic (in shares)	41,168,260
Diluted (in dollars per share)	0.93
Diluted (in shares)	41,441,393

Unit: Thousand (K) dollars (except for numbers of shares and EPS)