First Bancorp FBNC Servicing Asset At Amortized Value Amortization1

Servicing Asset At Amortized Value Amortization1 at other companies

First BancorpFBNC

$194K-46.4%

Enterprise Financial ServicesEFSC

$280K+35.9%

Dime Community Bancshares DCOM

$2.14M-11.5%

Republic BancorpRBCAA

$495K+19.3%

Jones Lang LaSalleJLL

$2M+150%

Merchants BancorpMBIN

-$6.41M-280%

Questions, answered.

What is First Bancorp's servicing asset at amortized value amortization1?

First Bancorp (FBNC) reported servicing asset at amortized value amortization1 of $194K in Q1 2026.

How has First Bancorp's servicing asset at amortized value amortization1 changed year-over-year?

First Bancorp's servicing asset at amortized value amortization1 decreased by 46.4% year-over-year, from $362K to $194K.

What is the long-term trend for First Bancorp's servicing asset at amortized value amortization1?

Over 4 years (2021 to 2025), First Bancorp's servicing asset at amortized value amortization1 has grown at a -15.8% compound annual growth rate (CAGR), from $2.27M to $1.14M.

What does servicing asset at amortized value amortization1 mean?

This represents the non-cash amortization expense related to the capitalized value of mortgage or SBA loan servicing rights. It reflects the gradual reduction in the value of the right to service loans as the underlying portfolio pays down or matures. This metric is critical for understanding the long-term profitability of the bank's loan servicing business.