First Bancorp (NASDAQ: FBNC) is a North Carolina-based bank holding company that provides commercial and retail banking services through its subsidiary, First Bank. The company earns revenue primarily through net interest income, the spread between interest collected on loans and securities and interest paid on deposits and borrowings, supplemented by noninterest income from service charges, mortgage banking, and other fee-based activities. Based on the 10-K filed 2026-02-25 for fiscal year ended 2025, First Bancorp operates as a regional community bank serving individuals, businesses, and municipalities. The filing references consolidated financial statements including balance sheets, income statements, and statements of cash flows, consistent with a deposit-funded lending institution. The company is subject to oversight by the Federal Reserve, FHLB, and other federal financial regulatory bodies as disclosed in the 2025 annual report.

Revenue model

Net interest income from loans and investment securities, funded by customer deposits and borrowings, plus noninterest income from service charges and fee-based banking services. Specific revenue figures by segment are not supported by the provided filing excerpts.

Products and services

Commercial banking, retail banking, deposit accounts, loan products, mortgage banking, and other fee-based financial services offered through First Bank. Specific product-level revenue detail is not supported by the provided filing excerpts.

Customers and end markets

Individuals, businesses, and municipalities in the communities served by First Bank. Specific customer counts or concentration data are not supported by the provided filing excerpts.

Value-chain role

Regional community bank and deposit-funded lender serving as a direct financial intermediary between depositors and borrowers.

Geographic exposure

North Carolina-headquartered regional bank. Specific branch counts or state-by-state footprint data are not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-25

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