Detail akcie First Bancorp online

Business Summary: First Bancorp is a bank holding company. The Company's principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates approximately 118 branches in North Carolina and South Carolina. It maintains a diversified loan portfolio by providing a range of commercial and retail lending services to business entities and individuals. It provides commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, letters of credit, and loans for personal uses, home improvement, and automobiles. The Company originates residential mortgages through its mortgage banking division, some of which it sells in the secondary market. Through Magnolia Financial, the Company provides accounts receivable financing and factoring, inventory financing, and purchase order financing. The Company also offers United States Small Business Administration (SBA) loans to small business owners across the nation.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, First Bancorp (North Carolina) interest income increased 43% to $488.8M. Net interest income after loan loss provision increased 5% to $328.8M. Net income applicable to common stockholders decreased 29% to $103.4M. Net interest income after loan loss provision reflects Banking segment increase from $0K to $328.8M. Net income was offset by Interest on deposits increase from $11.3M to $114.9M (expense).