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First Bancorp FBNC Transfers of loans to foreclosed assets

Transfers of loans to foreclosed assets at other companies

Origin Bancorp logo
Origin BancorpOBK
$48.5K

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 us-gaap:TransferOfOtherRealEstate.

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 transfers of loans to foreclosed assets?
First Bancorp (FBNC) reported transfers of loans to foreclosed assets of $213K in Q1 2026.
How has First Bancorp's transfers of loans to foreclosed assets changed year-over-year?
First Bancorp's transfers of loans to foreclosed assets decreased by 57.0% year-over-year, from $495K to $213K.
What is the long-term trend for First Bancorp's transfers of loans to foreclosed assets?
Over 2 years (2023 to 2025), First Bancorp's transfers of loans to foreclosed assets has grown at a 30.9% compound annual growth rate (CAGR), from $1.04M to $1.78M.
What does transfers of loans to foreclosed assets mean?
Represents the carrying value of loans reclassified to foreclosed real estate assets following a default or repossession process. This is a key indicator of credit quality deterioration and the effectiveness of the bank's loan underwriting and collection efforts.