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FIRST BANCORP ANNOUNCES STRATEGIC LEADERSHIP CHANGES

FIRST BANCORP ANNOUNCES STRATEGIC LEADERSHIP CHANGES
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FIRST BANCORP COMPLETES ACQUIS - GuruFocus.com

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FIRST BANCORP COMPLETES ACQUISITION OF GRANDSOUTH BANCORPORATION

/PRNewswire/ First Bancorp (NASDAQ: FBNC) announced today the completion of its acquisition of GrandSouth Bancorporation ("GrandSouth"), the parent company. ....

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First Bancorp Reports Second Quarter Results

First Bancorp Reports Second Quarter Results
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First Bancorp Reports First Quarter Results

First Bancorp Reports First Quarter Results
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SOUTHERN PINES, N.C., April 27, 2021 /PRNewswire/ First Bancorp (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $28.2 million, or $0.99 per diluted common share, for the three months ended March 31, 2021, an increase of 59.7% on a per share basis, compared to $18.2 million, or $0.62 per diluted common share, recorded in the first quarter of 2020. The increase in earnings was driven by lower credit costs and higher noninterest income.
The Company continued to experience high balance sheet growth during the first quarter of 2021, with total assets increasing by $447 million, or 24.8% annualized. This growth was driven by a $460 million, or 29.7% annualized, increase in deposits from December 31, 2020. ....

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