First Bancorp FBNC Non-cash: Affordable housing investments obtained in exchange for funding commitments

Non-cash: Affordable housing investments obtained in exchange for funding commitments at other companies

Hope BancorpHOPE

$29.97M-1.6%

First Financial BanksharesFFIN

$10M—

Truist FinancialTFC

-$203M-523%

Hope BancorpHOPE

$4.5M—

East-West BancorpEWBC

$46.87M-37.9%

Bank of HawaiiBOH

$10.67M+25.3%

Other financials

Income statement

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Revenue$122.3M+15.6%

Net income$46.7M+28.2%

EPS (diluted)$1.13+28.4%

Balance sheet

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Cash & equivalents$598.0M-22.6%

Total debt$89.2M-16.1%

Total equity$1.7B+11.6%

Total assets$12.9B+4.1%

Cash flow

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Operating cash flow$61.2M+16.4%

CapEx$1.9M+673%

Free cash flow$59.3M+13.3%

Valuation

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Market cap$2.57B+40.7%

Enterprise value$2.06B+83.8%

P/E21.2×+0.3×

P/S6.3×+1.3×

Profitability

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Net margin29.8%+5.8pp

FCF margin50.6%-17.1pp

Returns & leverage

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Return on equity7.6%+1.5pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by First Bancorp in its filing.

Tagged under the XBRL concept fbnc:AffordableHousingInvestmentsObtainedInExchangeForFundingCommitments.

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 non-cash: affordable housing investments obtained in exchange for funding commitments?: First Bancorp (FBNC) reported non-cash: affordable housing investments obtained in exchange for funding commitments of -$5.02M in Q1 2026.
What does non-cash: affordable housing investments obtained in exchange for funding commitments mean?: Represents non-cash investments in affordable housing projects acquired through funding commitments, often used to satisfy Community Reinvestment Act (CRA) requirements. These investments provide tax benefits and support the bank's social responsibility objectives.