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First Bancorp FBNC Provision for Credit Losses

Provision for Credit Losses at other companies

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Other financials

Income statement

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Revenue$127.3M+14.7%
Net income$50.5M+31.0%
EPS (diluted)$1.22+31.2%

Balance sheet

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Cash & equivalents$550.3M-22.6%
Total debt$89.0M-16.9%
Total equity$1.7B+10.3%
Total assets$13.0B+3.4%

Cash flow

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Operating cash flow$66.5M+45.4%
CapEx$1.0M-26.1%
Free cash flow$65.5M+47.6%

Valuation

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Market cap$2.66B+29.4%
Enterprise value$2.19B+51.5%
P/E19.9×-1.2×
P/S6.3×+0.9×

Profitability

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Net margin31.5%+5.9pp
FCF margin53.6%+0.1pp

Returns & leverage

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Return on equity8.1%+1.6pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by First Bancorp in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The source filing: First Bancorp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:41 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000811589-26-000153
($ in thousands, except per share data - unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest on borrowings1,2371,6602,4653,318
Total interest expense37,04940,06572,32379,842
Net interest income111,26696,666218,382189,513
Provision for credit losses1,1692,2124,2523,328
Net interest income after provision for credit losses110,09794,454214,130186,185
Noninterest Income
Service charges on deposit accounts4,2053,9768,1597,743
Other service charges and fees5,9866,60511,92812,524

Item 1. - Financial Statements (unaudited)

FAQ

What is First Bancorp's provision for credit losses?
First Bancorp (FBNC) reported provision for credit losses of $1.17M in Q2 2026.
How has First Bancorp's provision for credit losses changed year-over-year?
First Bancorp's provision for credit losses decreased by 47.2% year-over-year, from $2.21M to $1.17M.
What is the long-term trend for First Bancorp's provision for credit losses?
Over 4 years (2021 to 2025), First Bancorp's provision for credit losses has grown at a -6.5% compound annual growth rate (CAGR), from $15.03M to $11.5M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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