First Bancorp: Q4 Earnings Snapshot

SOUTHERN PINES, N.C. (AP) — SOUTHERN PINES, N.C. (AP) — First Bancorp (FBNC) on Wednesday reported net income of $3.6 million in its fourth quarter.

The Southern Pines, North Carolina-based bank said it had earnings of 8 cents per share. Earnings, adjusted for non-recurring costs, were 76 cents per share.

The bank holding company for First Bank posted revenue of $109.2 million in the period. Its revenue net of interest expense was $102.5 million, which topped Street forecasts.

For the year, the company reported profit of $76.2 million, or $1.84 per share. Revenue was reported as $388.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBNC at https://www.zacks.com/ap/FBNC