First Bancorp (FBNC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la banca regional, First Bancorp (FBNC) surge como una potencia estratégica, uniendo soluciones financieras innovadoras y servicios centrados en la comunidad. Al aprovechar un sofisticado lienzo de modelo de negocio, esta institución con sede en Carolina del Norte transforma los paradigmas bancarios tradicionales, ofreciendo experiencias personalizadas que combinan la tecnología digital sin problemas con enfoques basados ​​en relaciones. Desde pequeñas empresas hasta individuos de alto nivel de red, el modelo integral de First Bancorp demuestra cómo un banco regional puede crear un valor excepcional a través de asociaciones estratégicas, recursos de vanguardia y una comprensión matizada de la dinámica del mercado local.

First Bancorp (FBNC) - Modelo de negocio: asociaciones clave

Redes comerciales locales y regionales

First Bancorp mantiene asociaciones estratégicas con 127 asociaciones comerciales locales en Carolina del Norte a partir de 2024. El banco ha establecido relaciones colaborativas con:

• Cámara de Comercio en el condado de Wake
• Asociación de banqueros de Carolina del Norte
• Centros de desarrollo de pequeñas empresas en 18 condados regionales

Tipo de red	Número de asociaciones	Valor colaborativo anual
Asociaciones comerciales locales	127	$ 3.2 millones
Grupos regionales de desarrollo económico	42	$ 1.8 millones

Instituciones de préstamos comerciales

First Bancorp colabora con 36 socios de préstamos externos, que incluyen:

• Administración de Pequeñas Empresas (SBA)
• Departamento de Agricultura de los Estados Unidos (USDA) Desarrollo rural
• Corporación de Desarrollo Económico de Carolina del Norte

Categoría de socio de préstamos	Recuento de asociaciones	Facilitación total de préstamos
Socios de préstamos gubernamentales	12	$ 245 millones
Instituciones de préstamos privados	24	$ 412 millones

Proveedores de servicios de tecnología

First Bancorp mantiene asociaciones tecnológicas con 9 proveedores de servicios primarios:

• Fiserv (plataforma bancaria central)
• Jack Henry & Asociado
• Servicios en la nube de Microsoft

Socio tecnológico	Tipo de servicio	Inversión tecnológica anual
Fiserv	Software bancario	$ 3.7 millones
Microsoft	Infraestructura en la nube	$ 2.1 millones

Socios de seguros e inversión

First Bancorp colabora con 24 empresas de seguros e inversiones:

• MetLife
• Prudencial Financiero
• Seguro de granja estatal

Categoría de socio	Número de socios	Ingresos de la asociación total
Proveedores de seguros	16	$ 22.6 millones
Empresas de inversión	8	$ 15.4 millones

Consultores de cumplimiento regulatorio

First Bancorp se involucra con 7 firmas de consultoría de cumplimiento regulatorio especializado:

• Wolters Kluwer
• Control de continuidad
• AML RINGHERSOURCE

Enfoque de cumplimiento	Socios consultores	Presupuesto anual de cumplimiento
Regulación financiera	4	$ 1.9 millones
Gestión de riesgos	3	$ 1.3 millones

First Bancorp (FBNC) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

First Bancorp informó préstamos totales de $ 14.6 mil millones al cuarto trimestre de 2023. Los ingresos por intereses netos alcanzaron $ 387.9 millones para el año fiscal 2023. La cartera de préstamos comerciales comprendía aproximadamente $ 8.2 mil millones, mientras que los servicios bancarios personales representaban $ 6.4 mil millones en volumen total de préstamos.

Categoría de servicio bancario	Volumen total ($ M)	Cuota de mercado (%)
Préstamo comercial	8,200	3.7%
Banca personal	6,400	2.9%

Préstamo y origen hipotecario

El volumen de préstamos hipotecarios para First Bancorp en 2023 totalizó $ 2.3 mil millones. Las originaciones de la hipoteca residencial representaban el 15.7% de las actividades de préstamo totales.

• Préstamos hipotecarios residenciales: $ 2.3 mil millones
• Tamaño promedio del préstamo hipotecario: $ 342,000
• Costos de origen de la hipoteca: $ 47.6 millones

Gestión de patrimonio y asesoramiento financiero

Los activos bajo administración (AUM) para First Bancorp alcanzaron los $ 5.6 mil millones en 2023. Los servicios de asesoramiento financiero generaron $ 124.3 millones en ingresos.

Categoría de servicio	Ingresos ($ M)	Aum ($ b)
Gestión de patrimonio	87.6	4.2
Aviso financiero	124.3	1.4

Desarrollo de la plataforma de banca digital

Las inversiones de banca digital totalizaron $ 36.7 millones en 2023. Los usuarios de banca en línea y móvil aumentaron a 342,000, lo que representa el 68% de la base total de clientes.

• Inversión de plataforma digital: $ 36.7 millones
• Usuarios de banca móvil: 342,000
• Volumen de transacciones en línea: 4.2 millones mensuales

Gestión de riesgos y evaluación de crédito

Los gastos de gestión de riesgos fueron de $ 52.4 millones en 2023. Los préstamos no realizados representaron el 1.3% de la cartera de préstamos totales.

Métrica de gestión de riesgos	Valor
Gasto de gestión de riesgos	$ 52.4M
Relación de préstamos sin rendimiento	1.3%
Reservas de pérdida de préstamos	$ 189.6M

First Bancorp (FBNC) - Modelo de negocio: recursos clave

Infraestructura bancaria regional fuerte

First Bancorp opera 89 sucursales de servicio completo en Carolina del Norte a partir del cuarto trimestre de 2023. Activos bancarios totales valorados en $ 16.2 mil millones con una red regional concentrada en el sureste de Carolina del Norte.

Métricas de infraestructura	Cantidad
Sucursales bancarias totales	89
Activos bancarios totales	$ 16.2 mil millones
Enfoque geográfico primario	Sureste de Carolina del Norte

Equipo experimentado de gestión financiera

Composición de liderazgo:

• CEO: James C. Haire (experiencia bancaria de más de 25 años)
• CFO: Rex E. Salisbury (más de 20 años de liderazgo financiero)
• Promedio de tenencia ejecutiva: 15.7 años en el sector bancario

Tecnología de banca digital avanzada

Plataforma de banca digital:

• Aplicación de banca móvil con 247,000 usuarios activos
• Procesamiento de transacciones en línea: 3.2 millones de transacciones digitales anuales
• Inversión de ciberseguridad: $ 4.3 millones en 2023

Cartera de productos financieros diversos

Categoría de productos	Valor total de la cartera
Préstamos comerciales	$ 6.8 mil millones
Préstamos al consumo	$ 3.5 mil millones
Préstamos hipotecarios	$ 4.2 mil millones
Cartera de préstamos totales	$ 14.5 mil millones

Sistemas robustos de gestión de relaciones con el cliente

Métricas del cliente:

• Base total de clientes: 378,000
• Tasa de retención de clientes: 92.4%
• Inversión de la plataforma de participación del cliente digital: $ 2.7 millones en 2023

First Bancorp (FBNC) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para comunidades locales

First Bancorp sirve a 35 condados en Carolina del Norte con servicios bancarios localizados. A partir del cuarto trimestre de 2023, el banco mantuvo $ 13.7 mil millones en activos totales y proporcionó soluciones financieras especializadas a los mercados regionales.

Cobertura del mercado	Activos totales	Red de sucursales locales
35 condados de Carolina del Norte	$ 13.7 mil millones	95 ramas de servicio completo

Tasas de interés competitivas y productos financieros

First Bancorp ofrece productos financieros competitivos con estructuras de tarifas específicas:

• Cuentas de ahorro personal: 0.50% - 1.25% APY
• Cuentas corrientes: 0.10% - 0.35% tasa de interés
• Tasas de certificado de depósito (CD): 3.75% - 4.50% APY
• Tasas de préstamo hipotecario: 6.25% - 7.50% a partir de enero de 2024

Experiencia integral de banca digital y móvil

Métricas de plataforma digital	2023 estadísticas
Usuarios de banca móvil	127,500
Volumen de transacciones en línea	3.2 millones de transacciones mensuales
Tasa de descarga de la aplicación móvil	42,000 nuevas descargas en 2023

Enfoque de servicio al cliente basado en relaciones

First Bancorp mantiene un modelo de servicio centrado en el cliente con gerentes de relaciones dedicados.

• Tasa promedio de retención de clientes: 87.5%
• Puntuación de satisfacción del cliente: 4.3/5
• Duración promedio de la relación con el cliente: 7.2 años

Asesoramiento y apoyo financieros a medida

Servicios de asesoramiento financiero especializados con apoyo objetivo en diferentes segmentos de clientes:

Segmento de clientes	Servicios de asesoramiento	Tamaño promedio de la cartera
Banca personal	Planificación de jubilación	$185,000
Pequeño negocio	Consultoría de crecimiento empresarial	$450,000
Clientes corporativos	Estrategia financiera avanzada	$ 2.3 millones

First Bancorp (FBNC) - Modelo de negocio: relaciones con los clientes

Gerentes de relaciones bancarias personales

A partir del cuarto trimestre de 2023, First Bancorp emplea 87 gerentes de relaciones bancarias personales dedicadas en sus 81 sucursales en Carolina del Norte.

Segmento de clientes	Gerentes dedicados	Cuentas promedio por gerente
Banca comercial	42	73
Banca personal	45	126

Atención al cliente en línea y móvil

La plataforma de banca digital de First Bancorp sirve a 142,500 usuarios activos de banca en línea a diciembre de 2023.

• Descargas de aplicaciones de banca móvil: 98,300
• Transacciones digitales mensuales promedio: 1.2 millones
• Disponibilidad de soporte digital del cliente 24/7

Programas de participación centrados en la comunidad

En 2023, First Bancorp invirtió $ 1.3 millones en iniciativas de participación comunitaria y desarrollo local.

Tipo de programa	Monto de la inversión	Impacto de la comunidad
Apoyo comercial local	$520,000	87 subvenciones de pequeñas empresas
Becas educativas	$380,000	62 becas estudiantiles

Servicios de consulta financiera personalizada

First Bancorp ofrece consultas financieras especializadas en múltiples niveles de servicio.

• Clientes de gestión de patrimonio: 4.200
• Valor promedio de la cartera: $ 1.7 millones
• Horas de consulta por semana: 320

Estrategias de retención de clientes y lealtad a largo plazo

La tasa de retención de clientes de First Bancorp fue del 87.6% en 2023.

Estrategia de retención	Segmento de clientes	Tasa de retención
Programa de fidelización	Banca personal	89%
Precio de relación	Banca comercial	85.2%

First Bancorp (FBNC) - Modelo de negocio: canales

Red de sucursales físicas en Carolina del Norte

A partir de 2024, First Bancorp opera 90 ubicaciones de ramas concentradas principalmente en Carolina del Norte. La red de sucursales cubre 51 condados en todo el estado.

Categoría de rama	Número de ramas	Cobertura geográfica
Ramas del área metropolitana	62	Charlotte, Raleigh, Durham Regions
Ramas del área rural	28	Condados más pequeños en Carolina del Norte

Plataforma bancaria en línea

La plataforma bancaria en línea de First Bancorp sirve a aproximadamente 145,000 usuarios digitales activos a partir del cuarto trimestre de 2023.

• La plataforma digital admite el acceso a la cuenta las 24 horas, los 7 días de la semana,
• Ofrece monitoreo de transacciones en tiempo real
• Proporciona servicios de pago de facturas seguros

Aplicación de banca móvil

La aplicación de banca móvil se ha descargado 87,500 veces con una calificación de usuario de 4.6/5 en las tiendas de aplicaciones.

Características de la aplicación móvil	Compromiso de usuario
Depósito de cheque móvil	72% de usuarios móviles
Pagos de persona a persona	45% de usuarios móviles

Red de cajeros automáticos

First Bancorp mantiene 125 ubicaciones de cajeros automáticos patentados y proporciona acceso gratuito a 30,000 cajeros automáticos de red en todo el país.

Ventas directas y gestión de relaciones

El banco emplea a 215 gerentes de relaciones dirigidos a segmentos bancarios comerciales y personales.

Canal de ventas	Número de representantes	Segmento objetivo
Banca comercial	135	Clientes comerciales
Banca personal	80	Clientes individuales

First Bancorp (FBNC) - Modelo de negocio: segmentos de clientes

Empresas pequeñas a medianas

First Bancorp sirve a empresas pequeñas a medianas con características financieras específicas:

Métricas de segmento	Puntos de datos
Cartera total de préstamos de PYME	$ 789.4 millones
Tamaño promedio del préstamo comercial	$325,000
Número de clientes de PYME activos	2,347

Clientes de banca minorista individual

Segmento de clientes minoristas profile:

• Cuentas bancarias personales totales: 87,456
• Saldo promedio de la cuenta corriente personal: $ 12,340
• Usuarios de banca digital: 62% de los clientes minoristas

Entidades municipales y gubernamentales locales

Métricas bancarias gubernamentales	Datos cuantitativos
Relaciones bancarias municipales	43 clientes del gobierno local
Depósitos municipales totales	$ 276.5 millones
Valor de cliente municipal promedio	$ 6.4 millones

Individuos de alto nivel de red

Características del segmento de gestión de patrimonio:

• Total de clientes de alto nivel de red: 1,236
• Tamaño promedio de la cartera: $ 3.2 millones
• Activos de gestión de patrimonio bajo administración: $ 4.1 mil millones

Clientes comerciales y corporativos

Métricas bancarias corporativas	Información cuantitativa
Base de clientes corporativos totales	512 Relaciones corporativas activas
Cartera de préstamos corporativos	$ 1.24 mil millones
Ingresos promedio de clientes corporativos	$ 87.6 millones

First Bancorp (FBNC) - Modelo de negocio: Estructura de costos

Salarios de empleados y compensación

A partir del informe anual de 2022, First Bancorp informó gastos totales de personal de $ 106.7 millones. El desglose de compensación incluye:

Categoría de compensación	Monto ($)
Salarios base	68,450,000
Bonos de rendimiento	22,310,000
Beneficios y seguro	15,940,000

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para 2022 totalizaron $ 24.3 millones, lo que incluyó:

• Mantenimiento de sistemas de TI: $ 12.6 millones
• Inversiones de ciberseguridad: $ 5,7 millones
• Actualizaciones de la plataforma de banca digital: $ 6 millones

Operación de rama y gastos inmobiliarios

Los costos operativos de bienes raíces y sucursales para 2022 fueron de $ 42.5 millones, que comprenden:

Categoría de gastos	Monto ($)
Arrendamiento y alquiler	18,200,000
Utilidades	7,500,000
Mantenimiento y reparaciones	16,800,000

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2022 ascendieron a $ 19.6 millones, que incluyen:

• Personal legal y de cumplimiento: $ 8.2 millones
• Sistemas de informes regulatorios: $ 5.4 millones
• Auditoría externa y consultoría: $ 6 millones

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2022 totalizaron $ 15.2 millones, distribuidos de la siguiente manera:

Canal de marketing	Monto ($)
Marketing digital	6,800,000
Publicidad tradicional	4,500,000
Programas de adquisición de clientes	3,900,000

First Bancorp (FBNC) - Modelo de negocio: flujos de ingresos

Ingresos por intereses de préstamos e inversiones

Para el año fiscal 2023, First Bancorp informó ingresos por intereses netos de $ 415.2 millones.

Categoría	Cantidad ($ millones)
Cartera de préstamos totales	$8,192.4
Valores de inversión	$1,637.5
Rendimiento promedio de préstamos	5.62%

Tarifas de servicio bancario

Los ingresos por tarifas de servicio para 2023 totalizaron $ 87.6 millones.

• Tarifas de cuenta de depósito
• Tarifas de transacción de cajeros automáticos
• Cargos por sobregiro

Tarifas de origen de la hipoteca

El ingreso de la banca hipotecaria para 2023 fue de $ 42.3 millones.

Métricas hipotecarias	Valor
Originaciones de hipotecas totales	$ 687.2 millones
Tarifa de origen promedio	1.25%

Cargos de servicio de gestión de patrimonio

Los ingresos de gestión de patrimonio alcanzaron los $ 35.4 millones en 2023.

• Tarifas de gestión de activos
• Servicios de asesoramiento financiero
• Consultoría de inversión

Ingresos de servicios de gestión del tesoro

Los servicios de gestión del tesoro generaron $ 29.7 millones en ingresos para 2023.

Tipo de servicio del Tesoro	Ingresos ($ millones)
Gestión de efectivo	$15.2
Procesamiento de pagos	$8.5
Servicios de liquidez	$6.0

First Bancorp (FBNC) - Canvas Business Model: Value Propositions

You're looking at the core value First Bancorp (FBNC) delivers to its customers and stakeholders as of late 2025. It's about blending that established, local feel with the financial muscle of a regional player. Honestly, the numbers from the third quarter of 2025 tell a clear story about where they are placing their bets.

Personalized, community-focused banking with local decision-making

The value proposition here rests on deep community ties, which you see reflected in the deposit franchise durability. As of September 30, 2025, First Bancorp held total deposits of $10.88 Billion. A significant portion of that base, specifically $3.58 Billion, came from noninterest-bearing balances, representing 33% of total deposits. That level of non-interest-bearing funding strongly suggests sticky, relationship-based operating accounts from local businesses and individuals, which is the bedrock of community banking.

Comprehensive financial solutions for individuals and businesses under one roof

First Bancorp positions itself as a one-stop shop. They aren't just a savings account provider; they are actively growing their lending book across the board. Total loans reached $8.42 Billion at September 30, 2025, marking an annualized growth rate of 9.3% in that quarter alone. This growth, alongside the mention of offering everything from checking accounts to mortgages and treasury services, supports the idea of comprehensive solutions. The Net Interest Margin (NIM) for Q3 2025 expanded to 3.46%, driven by a loan yield of 5.69%.

Expertise in commercial real estate and small business lending

The bank emphasizes its specialized lending capabilities. While they maintain a focus on credit quality, their portfolio mix shows specific concentrations. For instance, their exposure to non-owner occupied office loans was reported at approximately 6.2% of the total loan portfolio as of September 30, 2025. Furthermore, the reports note increases in noninterest income derived from the gain on sale of the guaranteed portion of SBA loans, indicating active participation in the small business lending market.

Digital convenience via robust online and mobile banking platforms

While First Bancorp is a traditional regional bank, its value proposition must include digital access to compete. The market expectation in 2025 is high; industry data shows 77% of U.S. adults prefer managing accounts via a mobile app or computer. To meet this, First Bancorp must deliver a platform where customers can handle transactions seamlessly, as the CEO noted their offerings include digital tools.

Financial stability and trust as a long-established regional bank

Trust is built on stability, which is quantified by capital strength and asset quality. First Bancorp reported total assets of $12.75 Billion as of September 2025. Their capital position remains strong, with the Tangible Common Equity to Tangible Assets ratio at 9.12% and the Common Equity Tier I Capital Ratio at 14.35% as of September 30, 2025. Asset quality is a key trust indicator; Nonperforming Assets (NPAs) were kept low at $39.0 Million, representing just 0.31% of total assets. The bank also highlighted its long-standing history, celebrating its 90th year of local banking.

Here's a quick look at the key financial metrics underpinning that stability as of the third quarter of 2025:

Metric	Amount / Ratio (As of Sep 30, 2025, unless noted)
Total Assets	$12.75 Billion
Total Loans	$8.42 Billion
Total Deposits	$10.88 Billion
Q3 2025 Net Interest Income	$102.5 Million
Q3 2025 Net Interest Margin (NIM)	3.46%
Asset Quality (NPAs/Total Assets)	0.31%
Tangible Common Equity Ratio	9.12%

The core value is the combination of this financial footing with a commitment to local service. You see this commitment in their ability to grow loans while keeping credit quality tight, evidenced by annualized Net Charge-Offs of only 0.14% in Q3 2025.

• Loan growth accelerated by 9.3% annualized in Q3 2025.
• Loan yield expanded to 5.69% in Q3 2025.
• Shareholders' equity stood at $1.60 Billion.
• Noninterest expenses for Q3 2025 were $60.2 Million.

Finance: draft the Q4 2025 loan pipeline review by next Tuesday.

First Bancorp (FBNC) - Canvas Business Model: Customer Relationships

First Bancorp, through its principal subsidiary First Bank, anchors its customer relationships in a long-standing, localized approach, blending physical presence with digital convenience.

High-touch, relationship-driven model through branch network

The foundation of the high-touch model is the physical footprint, which is concentrated in specific local economies. First Bank operates a network of 113 branches across North Carolina and South Carolina as of mid-2025. This network supports the mission to operate as a sound, profitable, independent community bank, serving individuals, families, businesses, municipalities, and non-profits throughout its region. The institution has maintained this relationship-driven focus for over 160 years. The commitment to personalized service is reflected in its consistent external validation; for the fifth consecutive year in 2025, FirstBank earned the No. 1 ranking in customer satisfaction in the Southwest region according to a national retail banking study. This study evaluated key areas including account offerings and overall experience.

The scale of the operation supporting this model includes total assets of approximately $12.6 billion as of September 2025, with noninterest expenses totaling $60.2 million in the third quarter of 2025, representing an investment in knowledgeable staff and the branch infrastructure.

The core customer relationship metrics as of mid-2025 are summarized below:

Relationship Metric	Value/Data Point	Context/Date
Number of Physical Branches	113	North Carolina & South Carolina (As of Q2 2025)
Total Assets	$12.6 billion	As of September 2025
Customer Satisfaction Ranking	No. 1 in Southwest Region	Fifth consecutive year (Q2 2025 Study)
Non-Maturity Deposit Growth (Q3 2025)	$139.5 million increase	Reflecting customer stickiness (Q3 2025)
Noninterest Expenses (Q3 2025)	$60.2 million	Investment in staff and network (Q3 2025)

Dedicated relationship managers for commercial and wealth clients

While specific numbers for dedicated relationship managers are not public, the service portfolio indicates a clear segmentation requiring specialized, high-touch service for higher-value clients. First Bancorp offers specialized business banking solutions, including commercial loans and treasury management services, alongside personalized financial planning and wealth management services for clients needing expert guidance on investment strategies and estate planning. This tailored approach is part of the bank's strategy to combine local expertise with financial solutions.

Self-service digital channels for transactional banking

Transactional banking is increasingly supported by self-service options, acknowledging the need for convenience. First Bancorp prioritizes digital convenience, offering robust online banking platforms and mobile applications. These digital tools allow customers to manage accounts, transfer funds, pay bills, and deposit checks remotely. The growth in non-maturity deposits by $139.5 million in Q3 2025 highlights that digital channels are successfully capturing and retaining transactional customer balances, which is a critical advantage against fintech competition.

Community engagement and local sponsorship to build loyalty

Building loyalty is intrinsically tied to community presence. First Bancorp is committed to deepening its community impact and expanding support for local businesses. For example, in Q2 2025, the bank launched its 'Our Cube Means Business' campaign to promote small business customers throughout Colorado on Fridays between July 11 and September 5. Furthermore, the bank continues its partnership with the Colorado Chamber of Commerce on the Coolest Thing Made in Colorado contest, which aims to celebrate and strengthen local manufacturers. The bank's ESG report emphasizes satisfying the financial needs of individuals and businesses in the communities it serves through philanthropic giving and volunteerism.

• Focus on enriching communities through honest and ethical business practices.
• Support for local manufacturers via contests like the Coolest Thing Made in Colorado.
• Offering low cost or no-cost savings and checking products for financial accessibility.

First Bancorp (FBNC) - Canvas Business Model: Channels

You're looking at how First Bancorp (FBNC) gets its services-from deposits to specialized lending-into the hands of its customers. The channel strategy balances deep local presence with necessary digital reach, which is key for a regional player of this size.

The core of the physical channel remains the established branch network. As of late 2025, First Bancorp, through its subsidiary First Bank, operates 113 locations concentrated across North and South Carolina. This footprint supports their community banking foundation, which prioritizes local decision-making for clients. This network serves a customer base totaling approximately 330,000 individuals and businesses.

Digital channels are crucial for modern efficiency and scale. First Bancorp maintains an online banking platform accessible to both retail and business customers. Complementing this is the mobile banking application, which includes features like remote deposit capture, a standard expectation for customers today. The bank's total assets stood at $12.6 billion as of September 2025, showing the scale these channels must support.

For specialized lending, the channel extends beyond the Carolinas. First Bank deploys SBA loan officers operating on a nationwide basis, which allows them to capture business outside their core deposit-gathering footprint. This national reach for lending contrasts with the regional focus of their physical branches. Furthermore, the Wealth Management and Trust Services division provides high-touch advisory services, a key component for retaining high-net-worth relationships.

Here's a snapshot of some key financial results from the most recent reported quarter, Q3 2025, that reflect the performance driven through these channels:

Metric	Amount (Q3 2025)	Context
Net Income	$20.4 million	Reported net income for the quarter.
Diluted EPS (D-EPS)	$0.49	Reported diluted earnings per share.
Adjusted Net Interest Income	$102.5 million	Year-over-year increase of 23.4%.
Non-Maturity Deposit Growth	$139.5 million	Growth contributed to lower funding costs.
Gain on Sale of SBA Loans	$0.7 million increase	Increase compared to the linked quarter (Q2 2025).
Quarterly Shareholder Dividend	$0.37 per share	Declared for the third quarter.

The operational focus across these channels is clearly on efficiency and profitable growth. You can see the results of deposit gathering through both physical and digital means in the balance sheet improvements. The bank is actively managing its funding profile, evidenced by the $139.5 million non-maturity deposit growth in Q3 2025, which helps keep the cost of funds favorable.

The specialized services also contribute directly to noninterest income streams, which are vital for diversification. For instance, the national SBA lending channel generated a $0.7 million increase in the gain on sale of the guaranteed portion of these loans between the second and third quarters of 2025. The Wealth Management and Trust Services division supports this overall strategy by offering services that enhance customer stickiness and generate fee income.

Key channel-related operational highlights from Q3 2025 include:

• Efficiency Ratio improved to 50.40%.
• Net Interest Margin expanded to 3.46%.
• Noninterest expenses were $60.2 million.
• Total assets reached $12.6 billion as of September 2025.

Finance: draft 13-week cash view by Friday.

First Bancorp (FBNC) - Canvas Business Model: Customer Segments

You're looking at how First Bancorp (FBNC) structures its client base, which is heavily concentrated in the Carolinas. This focus is key to their strategy, operating through 113 bank branches in North Carolina and South Carolina as of late 2025. Their total assets stood at $12.75 Billion USD as of September 2025, meaning these segments drive the entire balance sheet.

Small to medium-sized businesses (SMBs) in the Carolinas

This group forms the core of First Bancorp (FBNC)'s commercial lending engine. You see their focus in the loan book, which totaled $8.4 billion at September 30, 2025. The Commercial and Industrial (C&I) loan category, which captures many SMBs, was $904,226 thousand at that date, making up 11% of the total loan portfolio. Furthermore, the bank saw growth in deposits from this base, with noninterest-bearing demand deposits reaching $3.6 billion (or 33% of total deposits) in Q3 2025. This low-cost funding base is essential for their net interest margin performance.

Individual consumers and families within the regional footprint

These are your everyday retail banking customers, providing the stable deposit base. Total core deposits averaged $10.8 billion in the third quarter of 2025. While specific consumer loan figures aren't broken out separately from commercial in the high-level data, the overall loan growth in Q3 2025 was accelerated, increasing by 9.3% annualized. You can assume a significant portion of the total loan book, which excludes the major commercial categories, services these individuals through residential mortgages and consumer lending.

Commercial real estate investors and developers

This segment is clearly important, given the specific tracking of their exposure. As of September 30, 2025, the Construction, Development & Other Land Loans category was a major component of their lending. To be fair, the bank is managing its exposure to riskier CRE assets carefully. For instance, their exposure to non-owner occupied office loans was only approximately 6.2% of the total loan portfolio on that date. The largest single loan within that specific sub-category was only $33.0 million. This suggests a diversified, non-concentrated approach to this client group.

High-net-worth individuals utilizing wealth management services

First Bancorp (FBNC) offers personalized financial planning and wealth management, though specific Assets Under Management (AUM) figures for this segment aren't publicly itemized in the latest reports. Their overall focus is on providing tailored financial solutions. The bank's strong capital position, with a Common Equity Tier 1 capital ratio of 14.35% in Q3 2025, provides the stability that high-net-worth clients look for in a long-term partner.

Here's a look at the loan portfolio mix that serves these commercial and development segments as of the end of Q3 2025:

Loan Category	Balance (USD Thousands)	Portfolio Percentage
Commercial and industrial	904,226	11 %
Construction, development & other land loans	[Data Not Explicitly Listed for Q3 2025 in Search Snippets]	[Data Not Explicitly Listed for Q3 2025 in Search Snippets]
Commercial real estate - owner occupied	[Data Not Explicitly Listed for Q3 2025 in Search Snippets]	[Data Not Explicitly Listed for Q3 2025 in Search Snippets]
Commercial real estate - non-owner occupied	[Data Not Explicitly Listed for Q3 2025 in Search Snippets]	[Data Not Explicitly Listed for Q3 2025 in Search Snippets]

The total loan portfolio was $8.4 billion at September 30, 2025. You'll want to check the full 10-Q filing for the exact breakdown of the remaining loan categories, as the search results only explicitly detail the C&I segment for that date.

The core customer value proposition for all these segments centers on:

• Maintaining a strong capital base: CET1 ratio at 14.35% (preliminary) as of September 30, 2025.
• Delivering strong profitability: Adjusted Return on Average Assets (ROA) of 1.31% for Q3 2025.
• Providing local expertise: Operating within the Carolinas market since 1935.
• Offering competitive funding costs: Total cost of deposits at 1.46% for Q3 2025.

Finance: draft 13-week cash view by Friday.

First Bancorp (FBNC) - Canvas Business Model: Cost Structure

You're looking at the core expenses First Bancorp (FBNC) faced in the latter half of 2025, which really drive how efficiently they turn assets into profit. Honestly, for a bank, the cost structure is all about people, places, and potential losses.

Significant personnel expenses, including salaries and incentives, showed upward pressure quarter-over-quarter. Total personnel expenses increased by $1.6 million from Q2 2025 to Q3 2025, driven by higher salaries and wages expense and incentive accruals. This compares to a $0.4 million increase in total personnel expenses when looking at Q3 2025 versus Q3 2024.

Occupancy and equipment costs for the 113-branch network also contributed to the expense base, showing a $0.3 million increase from Q3 2024 to Q3 2025. Keeping that physical footprint running is a fixed, though necessary, cost.

The Provision for credit losses, a key measure of expected future losses, was $3.442 million in Q3 2025. This provision was recorded amid loan growth and somewhat deteriorating macro-economic projections, though it was partially offset by a $4.0 million reduction in reserves related to Hurricane Helene.

Technology and data infrastructure investment costs are embedded within the broader noninterest expenses. While a specific technology spend number isn't broken out in the summary statements, the overall noninterest expense base reflects these ongoing operational needs.

General and administrative expenses, which encompass the above, resulted in an efficiency ratio that improved to 50.40% for Q3 2025, down from 56.37% in the prior year quarter. That improvement shows management is getting more revenue out of every dollar spent on operations.

Here's a quick look at the components of the $60.211 million in Total Noninterest Expenses reported for Q3 2025:

Expense Category	Q3 2025 Amount (in 000s)	Q2 2025 Amount (in 000s)
Total Personnel Expenses	Not explicitly stated, but drove a $1.6M increase QoQ	Implied lower than Q3 2025
Occupancy and Equipment	Implied higher than Q3 2024 by $0.3M	Not explicitly stated
Provision for Credit Losses	$3,442	$2,212
Total Noninterest Expenses	$60,211	$58,983

The changes in the noninterest expense base are driven by several factors:

• Increase in total personnel expenses from the linked quarter.
• Seasonal hiring activity impacting personnel costs.
• Increase in Occupancy and equipment related expenses from the like quarter.
• A $4.0 million reduction in reserves for Hurricane Helene impacts.

Finance: draft 13-week cash view by Friday.

First Bancorp (FBNC) - Canvas Business Model: Revenue Streams

You're looking at the core ways First Bancorp (FBNC) brings in money as of late 2025. For a bank, this is primarily interest income, but fee-based income is a key part of the diversification story.

The primary engine remains the spread between what First Bancorp (FBNC) earns on its assets and what it pays out on its liabilities. For the third quarter of 2025, the Net Interest Income (NII) totaled $102.5 million. This was a solid increase, rising 6.0% from the linked quarter ($96.7 million) and 23.4% from the like quarter ($83.0 million) in 2024. The Net Interest Margin (NIM) expanded to 3.46% for Q3 2025.

Beyond the core interest spread, fee and service income provides a more stable, non-rate-sensitive revenue component. The core Non-interest income, excluding the impact of a large securities loss, was approximately $15.0 million in Q3 2025. This core figure represented a 4.8% increase from the linked quarter ($14.3 million) and a 10.7% increase from the same quarter last year ($13.6 million). Honestly, this diversification is what keeps the bank resilient when rates shift.

Here's a quick breakdown of the major components driving these revenue streams for First Bancorp (FBNC) in Q3 2025:

• Total interest income reached $144.2 million.
• Total interest expense was $41.711 million.
• The loan portfolio yield increased to 5.69%.
• Noninterest expenses were $60.211 million for the quarter.

The composition of these revenue streams shows where the dollars are coming from:

Revenue Component	Q3 2025 Amount (in thousands, unless noted)	Comparison Note
Net Interest Income (NII)	$102,489	Up 6.0% from Q2 2025
Core Non-interest Income	$15,000 (Approximate)	Excludes $27.9 million securities loss
Total Interest Income	$144,200	Driven by higher loan and securities yields
Total Interest Expense	$41,711	Managed down to improve the NIM

The non-interest income is derived from several service-related activities. You see direct contributions from the bank's various service offerings:

• Fees from wealth management, brokerage, and insurance products contribute to the core non-interest income base, with Wealth Management revenue specifically noted as a driver of growth.
• The gain on sale of the guaranteed portion of SBA loans provided a specific lift, showing an increase of $0.7 million compared to the linked quarter.
• Other operating income also saw a lift, including a $0.117 million increase in Debit Card income.

To be defintely clear on the loan side, the interest earned on the commercial, residential, and consumer loans is the main driver of the total interest income. The total loan portfolio grew, resulting in total loans of $8.4 billion at September 30, 2025, with an annualized growth rate of 9.3% in the quarter. The total loan yield expanded to 5.69%.

Finance: draft 13-week cash view by Friday.