First Bancorp FBNC Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

First Commonwealth FinancialFCF

$1.8M+19.6%

Old National BancorpONB

$7.56M+40.5%

Customers BancorpCUBI

$3.08M-33.8%

RenasantRNST

$3.69M+25.9%

First Merchants CorporationFRME

$3.45M+58.1%

Associated Banc-CorpASB

$3.82M-26.7%

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 metric captures the tax-advantaged income generated from the cash surrender value growth and death benefit proceeds of life insurance policies held on the lives of bank employees. It serves as a stable, non-interest revenue stream used to offset the costs of employee benefit programs. Consistent income from this source reflects effective management of long-term corporate assets.