First Bancorp FBNC

FBNC Company Overview

First Bancorp is the bank holding company for First Bank, a community-focused financial institution headquartered in Southern Pines, North Carolina. The company operates primarily in the banking and financial services industry, providing commercial and retail banking products to individuals, businesses, and professional clients. Its core offerings include commercial and industrial lending, commercial real estate lending, residential mortgages, consumer banking, treasury management, wealth and investment services, and deposit products. Revenue is generated primarily through net interest income from loans and securities, along with noninterest income from service charges, mortgage banking, and asset management activities.

The company’s operating model centers on relationship banking across the southeastern United States, with a strong presence in North Carolina and expansion into neighboring high-growth markets. First Bancorp traces its origins to 1935 with the establishment of First Bank in Troy, North Carolina. Over time, the institution expanded organically and through acquisitions, broadening its commercial banking capabilities and geographic reach. Its positioning has historically emphasized local market expertise, conservative credit underwriting, and a decentralized community banking structure designed to maintain regional customer relationships while scaling operational capabilities.