First Bancorp

First Bancorp (NASDAQ: FBNC) is a bank holding company that operates through its wholly-owned subsidiary, First Bank, a state-chartered community bank with 113 branches across North Carolina and South Carolina. With approximately $12.9 billion in total assets, First Bank is the fourth largest bank headquartered in North Carolina and the largest community bank in the state. The company provides a full range of banking services including commercial and consumer lending, deposit products, mortgage banking, SBA loans through a nationwide network, wealth management, treasury services, and credit card services. First Bank's loan portfolio of $8.8 billion spans commercial and industrial, commercial real estate (owner and non-owner occupied), construction and development, residential real estate, and consumer lending. The company maintains a diversified and granular deposit base of $11.0 billion, with noninterest-bearing deposits comprising 33% of total deposits and minimal reliance on wholesale or brokered funding. First Bancorp operates in high-growth markets within the Carolinas, both states recognized for favorable business climates, growing populations, and tax-friendly policies. The company is a member of the S&P SmallCap 600 Index and Russell 2000. Updated Apr 22, 2026