First Bancorp FBNC

FBNC Company Overview

First Bancorp (NASDAQ: FBNC) is the bank holding company for First Bank, a regional financial institution headquartered in Southern Pines, North Carolina. The company operates primarily in the commercial banking industry, providing a broad range of financial services to businesses, professionals, and consumers. Its core offerings include commercial and retail banking, residential mortgage lending, treasury management, wealth management, and deposit products. Revenue is generated primarily through net interest income from lending activities, supplemented by fee-based services such as mortgage banking, asset management, and service charges.

The company’s primary markets are located across the southeastern United States, with a concentration in North Carolina and expansion into neighboring high-growth regions including South Carolina and Virginia. First Bancorp has historically focused on relationship-driven community banking while selectively expanding into metropolitan growth corridors. Founded in 1935, the institution evolved from a local North Carolina bank into a multi-market regional banking franchise through organic growth and acquisitions, including expansion into urban and coastal markets. Its positioning centers on localized decision-making, middle-market commercial lending expertise, and long-standing customer relationships.