First Bancorp Files 8-K on Operations & Financial Condition

TL;DR

**First Bancorp just dropped an 8-K on its financials, time to check their numbers!**

AI Summary

First Bancorp /NC/ filed an 8-K on January 24, 2024, to report its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to assess the bank's health and profitability. For shareholders, this matters because it offers transparency into the company's recent financial activities, helping them make informed decisions about holding or selling their stock based on the disclosed operational results.

Why It Matters

This filing provides investors with the latest financial performance data for First Bancorp, enabling them to evaluate the company's current health and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently introduce new risks.

Analyst Insight

Investors should review the full financial statements and exhibits referenced in this 8-K once they become available to understand the specifics of First Bancorp's operational results and financial condition.

Key Players & Entities

• First Bancorp /NC/ (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of earliest event reported and filing date
• 0000811589 (other) — Central Index Key (CIK) for First Bancorp /NC/
• North Carolina (other) — state of incorporation for First Bancorp
• 0-15572 (other) — Commission File Number for First Bancorp

FAQ

Filing Documents

• fbnc-20240124.htm (8-K) — 47KB
• exhibit991newsreleasedated.htm (EX-99.1) — 413KB
• fblogoa09.jpg (GRAPHIC) — 17KB
• 0000811589-24-000004.txt ( ) — 638KB
• fbnc-20240124.xsd (EX-101.SCH) — 2KB
• fbnc-20240124_lab.xml (EX-101.LAB) — 24KB
• fbnc-20240124_pre.xml (EX-101.PRE) — 12KB
• fbnc-20240124_htm.xml (XML) — 3KB

02 – Results of Operations and Financial Condition 3

Item 2.02 – Results of Operations and Financial Condition 3

01 – Financial Statements and Exhibits 3

Item 9.01 – Financial Statements and Exhibits 3 Signatures 3 Exhibit 99.1 News Release dated January 24, 2024 4 2

02 - Results of Operations and Financial Condition

Item 2.02 - Results of Operations and Financial Condition On January 24, 2024, First Bancorp (the "Registrant" or "Company") issued an earnings release to announce its financial results for the three month period ended December 31, 2023. The earnings release contains forward-looking statements regarding the Company and includes cautionary language identifying important factors that could cause actual results to differ materially from those anticipated. The earnings release is furnished as Exhibit 99.1. Consequently, it is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Such materials may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.

01 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 – News Release issued on January 2 4 , 2023 Disclosures About Forward Looking Statements This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as "expect," "believe," "estimate," "plan," "project," "anticipate," or other statements concerning opinions or judgments of the Company and its management about future events. Factors that could influence the accuracy of such forward-looking statements include, but are not limited to, the financial success or changing strategies of the Company's customers, the Company's level of success in integrating acquisitions, actions of government regulators, the level of market interest rates, and general economic conditions. For additional information about the factors that could affect the matters discussed in this paragraph, see the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements. The Company is also not responsible for changes made to the press release by wire services, internet services or other media.

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. First Bancorp January 24, 2024 By: /s/ Richard H. Moore Richard H. Moore Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR