FIRST BANCORP /NC/

The company operates as a bank holding company that provides commercial and retail banking services through its primary subsidiary, First Bank. Its offerings include personal and business deposit accounts, commercial mortgages, residential real estate loans, business lines of credit, and vehicle loans. Through specialized units, it also delivers accounts receivable factoring, inventory financing, purchase order funding, and automobile dealer floor-plan lending. Additional services include payment processing, wealth management, and insurance product placement. The organization primarily serves individual consumers and small to medium-sized commercial enterprises.

The institution operates across North Carolina and South Carolina, maintaining a network of 113 banking branches, with 100 locations in North Carolina and 13 in South Carolina. Its facilities serve both rural communities and metropolitan centers, including Charlotte, Raleigh, Greenville, and Charleston. The company maintains its principal corporate headquarters in Southern Pines, North Carolina, and employs over 1,300 full-time staff members.

Summary of the business section of First Bancorp's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, we had 1,332 full-time and 42 part-time associates, all of whom are employed by the Bank and the majority of whom are located in North Carolina and South Carolina.”