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First Bancorp FBNC Accretion (Amortization) of Discounts and Premiums, Investments
Accretion (Amortization) of Discounts and Premiums, Investments at other companies
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Where this comes from
Reported directly by First Bancorp in its filing.
Tagged under the XBRL concept us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments.
The source filing: First Bancorp’s 10-Q, filed May 7, 2026.
- Filed
- May 7, 2026, 4:07 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000811589-26-000073
| ($ in thousands-unaudited) | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Net income | $46,659 | $36,406 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Provision for credit losses | 3,083 | 1,116 |
| Net security premium amortization | 587 | 1,432 |
| Deferred income taxes, net | 3,254 | 2,046 |
| Loan discount accretion | (1,293) | (2,193) |
| Deposit and debt discount accretion, net | 148 | 294 |
| Foreclosed property losses (gains), net | (52) | (18) |
Item 1. - Financial Statements (unaudited)
FAQ
- What is First Bancorp's accretion (amortization) of discounts and premiums, investments?
- First Bancorp (FBNC) reported accretion (amortization) of discounts and premiums, investments of -$587K in Q1 2026.
- How has First Bancorp's accretion (amortization) of discounts and premiums, investments changed year-over-year?
- First Bancorp's accretion (amortization) of discounts and premiums, investments increased by 59.0% year-over-year, from -$1.43M to -$587K.
- What is the long-term trend for First Bancorp's accretion (amortization) of discounts and premiums, investments?
- Over 4 years (2021 to 2025), First Bancorp's accretion (amortization) of discounts and premiums, investments has grown at a -22.2% compound annual growth rate (CAGR), from -$14.06M to -$5.14M.
- What does accretion (amortization) of discounts and premiums, investments mean?
- This represents the non-cash adjustment to interest income resulting from the amortization of premiums or accretion of discounts on investment securities. It reflects the systematic allocation of the difference between the purchase price and the par value of debt securities over their remaining life. This adjustment is essential for reconciling net income to cash flow from operations.
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