First Bancorp FBNC Proceeds From Life Insurance Policies
Proceeds From Life Insurance Policies at other companies
Other financials
Where this comes from
Reported directly by First Bancorp in its filing.
Tagged under the XBRL concept us-gaap:ProceedsFromLifeInsurancePolicies.
The official record: First Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First Bancorp's proceeds from life insurance policies?
- First Bancorp (FBNC) reported proceeds from life insurance policies of $0 in Q1 2026.
- How has First Bancorp's proceeds from life insurance policies changed year-over-year?
- First Bancorp's proceeds from life insurance policies decreased by 100.0% year-over-year, from $91K to $0.
- What does proceeds from life insurance policies mean?
- Represents the cash inflows received from death benefits or the surrender of bank-owned life insurance (BOLI) policies. These policies are often used by financial institutions as a tax-advantaged method to offset the costs of employee benefit programs. This metric indicates the realization of value from these long-term investment assets.