First Bancorp (FBNC): Canvas du modèle d'entreprise [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de la banque régionale, First Bancorp (FBNC) apparaît comme une puissance stratégique, tissant ensemble des solutions financières innovantes et des services axés sur la communauté. En tirant parti d'une toile de modèle commercial sophistiqué, cette institution basée en Caroline du Nord transforme les paradigmes bancaires traditionnels, offrant des expériences personnalisées qui mélangent de manière transparente la technologie numérique avec des approches axées sur les relations. Des petites entreprises aux particuliers élevés, le modèle complet de First Bancorp montre comment une banque régionale peut créer une valeur exceptionnelle grâce à des partenariats stratégiques, des ressources de pointe et une compréhension nuancée de la dynamique du marché local.

First Bancorp (FBNC) - Modèle d'entreprise: partenariats clés

Réseaux commerciaux locaux et régionaux

First Bancorp maintient des partenariats stratégiques avec 127 associations d'entreprises locales en Caroline du Nord à partir de 2024. La banque a établi des relations collaboratives avec:

• Chambre de commerce dans le comté de Wake
• Association des banquiers de Caroline du Nord
• Centres de développement des petites entreprises dans 18 comtés régionaux

Type de réseau	Nombre de partenariats	Valeur collaborative annuelle
Associations d'entreprises locales	127	3,2 millions de dollars
Groupes de développement économique régional	42	1,8 million de dollars

Institutions de prêt commercial

First Bancorp collabore avec 36 partenaires de prêt externes, notamment:

• Administration des petites entreprises (SBA)
• Département américain de l'Agriculture (USDA) Développement rural
• Corporation de développement économique de Caroline du Nord

Catégorie de partenaire de prêt	Coup de partenariat	Facilitation totale du prêt
Partenaires de prêt du gouvernement	12	245 millions de dollars
Institutions de prêt privées	24	412 millions de dollars

Fournisseurs de services technologiques

First Bancorp maintient des partenariats technologiques avec 9 fournisseurs de services primaires:

• Fiserv (plateforme bancaire de base)
• Jack Henry & Associés
• Services Cloud Microsoft

Partenaire technologique	Type de service	Investissement technologique annuel
Finerv	Logiciel bancaire	3,7 millions de dollars
Microsoft	Infrastructure cloud	2,1 millions de dollars

Partenaires d'assurance et d'investissement

First Bancorp collabore avec 24 sociétés d'assurance et d'investissement:

• Métlife
• Financier prudentiel
• Assurance agricole d'État

Catégorie de partenaire	Nombre de partenaires	Revenus de partenariat total
Assureurs	16	22,6 millions de dollars
Sociétés d'investissement	8	15,4 millions de dollars

Consultants en conformité réglementaire

First Bancorp s'engage avec 7 cabinets de conseil en conformité réglementaire spécialisés:

• Wolters Kluwer
• Contrôle de la continuité
• AML Droitsource

Focus de la conformité	Partenaires de conseil	Budget de conformité annuel
Réglementation financière	4	1,9 million de dollars
Gestion des risques	3	1,3 million de dollars

First Bancorp (FBNC) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

First Bancorp a déclaré des prêts totaux de 14,6 milliards de dollars au 423.

Catégorie de service bancaire	Volume total ($ m)	Part de marché (%)
Prêts commerciaux	8,200	3.7%
Banque personnelle	6,400	2.9%

Prêts hypothécaires et origine

Le volume des prêts hypothécaires pour First Bancorp en 2023 a totalisé 2,3 milliards de dollars. Les origines hypothécaires résidentielles représentaient 15,7% du total des activités de prêt.

• Prêts hypothécaires résidentiels: 2,3 milliards de dollars
• Taille moyenne du prêt hypothécaire: 342 000 $
• Coûts d'origine hypothécaire: 47,6 millions de dollars

Gestion de la patrimoine et avis financier

Les actifs sous gestion (AUM) pour First Bancorp ont atteint 5,6 milliards de dollars en 2023. Les services de conseil financier ont généré 124,3 millions de dollars de revenus.

Catégorie de service	Revenus ($ m)	Aum ($ b)
Gestion de la richesse	87.6	4.2
Avis financier	124.3	1.4

Développement de la plate-forme bancaire numérique

Les investissements en banque numérique ont totalisé 36,7 millions de dollars en 2023. Les utilisateurs de banques en ligne et mobiles sont passés à 342 000, représentant 68% de la clientèle totale.

• Investissement de plate-forme numérique: 36,7 millions de dollars
• Utilisateurs de la banque mobile: 342 000
• Volume de transaction en ligne: 4,2 millions par mois

Gestion des risques et évaluation du crédit

Les dépenses de gestion des risques étaient de 52,4 millions de dollars en 2023. Les prêts non performants représentaient 1,3% du portefeuille total des prêts.

Métrique de gestion des risques	Valeur
Dépenses de gestion des risques	52,4 M $
Ratio de prêts non performants	1.3%
Réserves de perte de prêt	189,6 M $

First Bancorp (FBNC) - Modèle d'entreprise: Ressources clés

Forte infrastructure bancaire régionale

First Bancorp exploite 89 succursales à service complet à travers la Caroline du Nord au quatrième trimestre 2023. Actifs bancaires totaux d'une valeur de 16,2 milliards de dollars avec un réseau régional concentré dans le sud-est de la Caroline du Nord.

Métriques des infrastructures	Quantité
Succursales bancaires totales	89
Total des actifs bancaires	16,2 milliards de dollars
Focus géographique primaire	Du sud-est de la Caroline du Nord

Équipe de gestion financière expérimentée

Composition du leadership:

• PDG: James C. Haire (plus de 25 ans d'expérience bancaire)
• CFO: Rex E. Salisbury (plus de 20 ans de leadership financier)
• Pureur exécutif moyen: 15,7 ans dans le secteur bancaire

Technologie des banques numériques avancées

Plateforme bancaire numérique Soutenir:

• Application bancaire mobile avec 247 000 utilisateurs actifs
• Traitement des transactions en ligne: 3,2 millions de transactions numériques annuelles
• Investissement en cybersécurité: 4,3 millions de dollars en 2023

Portefeuille de produits financiers diversifiés

Catégorie de produits	Valeur totale du portefeuille
Prêts commerciaux	6,8 milliards de dollars
Prêts à la consommation	3,5 milliards de dollars
Prêts hypothécaires	4,2 milliards de dollars
Portefeuille de prêts totaux	14,5 milliards de dollars

Systèmes de gestion de la relation client robustes

Métriques des clients:

• Base de clientèle totale: 378 000
• Taux de rétention de la clientèle: 92,4%
• Investissement de plateforme d'engagement des clients numériques: 2,7 millions de dollars en 2023

First Bancorp (FBNC) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour les communautés locales

First Bancorp dessert 35 comtés de la Caroline du Nord avec des services bancaires localisés. Au quatrième trimestre 2023, la banque a maintenu 13,7 milliards de dollars d'actifs totaux et fourni des solutions financières spécialisées aux marchés régionaux.

Couverture du marché	Actif total	Réseau de succursale local
35 comtés de Caroline du Nord	13,7 milliards de dollars	95 succursales à service complet

Taux d'intérêt concurrentiels et produits financiers

First Bancorp propose des produits financiers compétitifs avec des structures de taux spécifiques:

• Comptes d'épargne personnels: 0,50% - 1,25% apy
• Comptes chèques: 0,10% - 0,35% de taux d'intérêt
• Certificat de dépôt (CD) Taux: 3,75% - 4,50% APY
• Taux de prêt hypothécaire: 6,25% - 7,50% en janvier 2024

Expérience bancaire numérique et mobile complète

Métriques de plate-forme numérique	2023 statistiques
Utilisateurs de la banque mobile	127,500
Volume de transaction en ligne	3,2 millions de transactions mensuelles
Taux de téléchargement de l'application mobile	42 000 nouveaux téléchargements en 2023

Approche de service client basé sur les relations

First Bancorp maintient un modèle de service centré sur le client avec des gestionnaires de relations dédiés.

• Taux de rétention de clientèle moyen: 87,5%
• Score de satisfaction du client: 4.3 / 5
• Durée moyenne de la relation client: 7,2 ans

Conseils financiers et soutien sur mesure

Services de conseil financier spécialisés avec un support ciblé sur différents segments de clients:

Segment de clientèle	Services consultatifs	Taille moyenne du portefeuille
Banque personnelle	Planification de la retraite	$185,000
Petite entreprise	Conseil de croissance des entreprises	$450,000
Clients des entreprises	Stratégie financière avancée	2,3 millions de dollars

First Bancorp (FBNC) - Modèle d'entreprise: Relations clients

Gestionnaires de relations bancaires personnelles

Depuis le quatrième trimestre 2023, First Bancorp emploie 87 gestionnaires de relations bancaires personnelles dédiés dans ses 81 succursales en Caroline du Nord.

Segment de clientèle	Managers dévoués	Comptes moyens par gestionnaire
Banque commerciale	42	73
Banque personnelle	45	126

Support client en ligne et mobile

La plate-forme bancaire numérique de First Bancorp dessert 142 500 utilisateurs actifs des services bancaires en ligne en décembre 2023.

• Téléchargements d'applications bancaires mobiles: 98 300
• Transactions numériques mensuelles moyennes: 1,2 million
• Disponibilité du support client 24/7 de 7/7

Programmes d'engagement axés sur la communauté

En 2023, First Bancorp a investi 1,3 million de dollars dans l'engagement communautaire et les initiatives de développement local.

Type de programme	Montant d'investissement	Impact communautaire
Assistance commerciale locale	$520,000	87 subventions aux petites entreprises
Bourses éducatives	$380,000	62 bourses d'étudiants

Services de consultation financière personnalisés

First Bancorp offre une consultation financière spécialisée sur plusieurs niveaux de service.

• Clients de gestion de patrimoine: 4 200
• Valeur du portefeuille moyen: 1,7 million de dollars
• Heures de consultation par semaine: 320

Fidélité et stratégies de fidélisation à long terme

Le taux de rétention de la clientèle du premier Bancorp était de 87,6% en 2023.

Stratégie de rétention	Segment de clientèle	Taux de rétention
Programme de fidélité	Banque personnelle	89%
Prix ​​des relations	Banque commerciale	85.2%

First Bancorp (FBNC) - Modèle d'entreprise: canaux

Réseau de succursales physiques en Caroline du Nord

En 2024, First Bancorp exploite 90 emplacements de succursales principalement concentrés en Caroline du Nord. Le réseau de succursales couvre 51 comtés à travers l'État.

Catégorie de succursale	Nombre de branches	Couverture géographique
Branches de la région métropolitaine	62	Régions de Charlotte, Raleigh, Durham
Branches de la zone rurale	28	Petits comtés de Caroline du Nord

Plateforme bancaire en ligne

La plate-forme bancaire en ligne de First Bancorp dessert environ 145 000 utilisateurs numériques actifs au quatrième trimestre 2023.

• La plate-forme numérique prend en charge l'accès du compte 24/7
• Offre une surveillance des transactions en temps réel
• Fournit des services de paiement de factures sécurisés

Application bancaire mobile

L'application bancaire mobile a été téléchargée 87 500 fois avec une note d'utilisateurs de 4,6 / 5 sur les magasins d'applications.

Fonctionnalités d'application mobile	Engagement des utilisateurs
Dépôt de chèques mobiles	72% des utilisateurs mobiles
Paiements de personne à personne	45% des utilisateurs mobiles

Réseau ATM

First Bancorp maintient 125 emplacements de GAM propriétaires et fournit un accès sans surtaxe à 30 000 distributeurs automatiques de billets de réseau à l'échelle nationale.

Ventes directes et gestion des relations

La banque emploie 215 gestionnaires de relations ciblant les segments bancaires commerciaux et personnels.

Canal de vente	Nombre de représentants	Segment cible
Banque commerciale	135	Clients commerciaux
Banque personnelle	80	Clients individuels

First Bancorp (FBNC) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

First Bancorp sert de petites à des entreprises de taille moyenne avec des caractéristiques financières spécifiques:

Métriques du segment	Points de données
Portefeuille total de prêts PME	789,4 millions de dollars
Taille moyenne des prêts commerciaux	$325,000
Nombre de clients PME actifs	2,347

Clients bancaires de détail individuels

Segment de clientèle de détail profile:

• Comptes bancaires personnels totaux: 87 456
• Solde moyen du compte de chèque personnel: 12 340 $
• Utilisateurs de la banque numérique: 62% des clients de détail

Entités municipales et gouvernementales locales

Métriques bancaires du gouvernement	Données quantitatives
Relations bancaires municipales	43 clients du gouvernement local
Dépôts municipaux totaux	276,5 millions de dollars
Valeur du client municipal moyen	6,4 millions de dollars

Individus à haute nette

Caractéristiques du segment de gestion de la patrimoine:

• Clients totaux à haute navette: 1 236
• Taille moyenne du portefeuille: 3,2 millions de dollars
• Actifs de gestion de patrimoine sous gestion: 4,1 milliards de dollars

Clients commerciaux et d'entreprise

Métriques de la banque d'entreprise	Informations quantitatives
Total des clients d'entreprise	512 Relations de l'entreprise actives
Portefeuille de prêts d'entreprise	1,24 milliard de dollars
Revenus moyens des clients de l'entreprise	87,6 millions de dollars

First Bancorp (FBNC) - Modèle d'entreprise: Structure des coûts

Salaires et compensation des employés

En ce qui concerne le rapport annuel de 2022, First Bancorp a déclaré un total de dépenses de personnel de 106,7 millions de dollars. La ventilation de la compensation comprend:

Catégorie de compensation	Montant ($)
Salaires de base	68,450,000
Bonus de performance	22,310,000
Avantages et assurance	15,940,000

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour 2022 ont totalisé 24,3 millions de dollars, notamment:

• Maintenance des systèmes informatiques: 12,6 millions de dollars
• Investissements en cybersécurité: 5,7 millions de dollars
• Mises à niveau de la plate-forme bancaire numérique: 6 millions de dollars

Fonctionnement des succursales et frais immobiliers

Les coûts de l'immobilier et de la succursale pour 2022 étaient de 42,5 millions de dollars, comprenant:

Catégorie de dépenses	Montant ($)
Bail et loyer	18,200,000
Services publics	7,500,000
Entretien et réparations	16,800,000

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour 2022 s'élevaient à 19,6 millions de dollars, notamment:

• Personnel juridique et de conformité: 8,2 millions de dollars
• Systèmes de rapports réglementaires: 5,4 millions de dollars
• Audit externe et conseil: 6 millions de dollars

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2022 ont totalisé 15,2 millions de dollars, distribuées comme suit:

Canal de marketing	Montant ($)
Marketing numérique	6,800,000
Publicité traditionnelle	4,500,000
Programmes d'acquisition de clients	3,900,000

First Bancorp (FBNC) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des prêts et des investissements

Pour l'exercice 2023, First Bancorp a déclaré un revenu net d'intérêts de 415,2 millions de dollars.

Catégorie	Montant (millions de dollars)
Portefeuille de prêts totaux	$8,192.4
Titres d'investissement	$1,637.5
Rendement moyen sur les prêts	5.62%

Frais de service bancaire

Les revenus des frais de service pour 2023 ont totalisé 87,6 millions de dollars.

• Frais de compte de dépôt
• Frais de transaction ATM
• Frais de découvert

Frais d'origine hypothécaire

Le revenu bancaire hypothécaire pour 2023 était de 42,3 millions de dollars.

Métriques hypothécaires	Valeur
Originations hypothécaires totales	687,2 millions de dollars
Frais de création moyens	1.25%

Frais de service de gestion de patrimoine

Les revenus de gestion de patrimoine ont atteint 35,4 millions de dollars en 2023.

• Frais de gestion des actifs
• Services de conseil financier
• Conseil en investissement

Revenus des services de gestion du Trésor

Les services de gestion du Trésor ont généré 29,7 millions de dollars de revenus pour 2023.

Type de service du Trésor	Revenus (millions de dollars)
Gestion des espèces	$15.2
Traitement des paiements	$8.5
Services de liquidité	$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.