First Bancorp FBNC Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by First Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
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 bank owned life insurance income?
- First Bancorp (FBNC) reported bank owned life insurance income of $1.34M in Q1 2026.
- How has First Bancorp's bank owned life insurance income changed year-over-year?
- First Bancorp's bank owned life insurance income increased by 9.1% year-over-year, from $1.23M to $1.34M.
- What is the long-term trend for First Bancorp's bank owned life insurance income?
- Over 4 years (2021 to 2025), First Bancorp's bank owned life insurance income has grown at a 15.4% compound annual growth rate (CAGR), from $2.89M to $5.11M.
- What does bank owned life insurance income mean?
- This represents the income generated from the cash surrender value growth of bank-owned life insurance (BOLI) policies. BOLI is a common financial instrument used by banks to offset the costs of employee benefit programs. It serves as a stable, tax-advantaged source of non-interest income.