Primeiro Bancorp (FBNC): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico do setor bancário regional, o First Bancorp (FBNC) surge como uma potência estratégica, tecendo soluções financeiras inovadoras e serviços focados na comunidade. Ao alavancar uma sofisticada modelo de modelo de negócios, esta instituição da Carolina do Norte transforma os paradigmas bancários tradicionais, oferecendo experiências personalizadas que misturam perfeitamente a tecnologia digital com abordagens orientadas por relacionamento. De pequenas empresas a indivíduos de alta rede, o modelo abrangente do First Bancorp demonstra como um banco regional pode criar valor excepcional por meio de parcerias estratégicas, recursos de ponta e um entendimento diferenciado da dinâmica do mercado local.

Primeiro Bancorp (FBNC) - Modelo de Negócios: Parcerias -Chaves

Redes de negócios locais e regionais

First Bancorp mantém parcerias estratégicas com 127 associações comerciais locais em toda a Carolina do Norte a partir de 2024. O banco estabeleceu relacionamentos colaborativos com:

• Câmara de Comércio no Condado de Wake
• Associação de Banqueiros da Carolina do Norte
• Centros de desenvolvimento de pequenas empresas em 18 municípios regionais

Tipo de rede	Número de parcerias	Valor colaborativo anual
Associações comerciais locais	127	US $ 3,2 milhões
Grupos de desenvolvimento econômico regional	42	US $ 1,8 milhão

Instituições de empréstimos comerciais

O First Bancorp colabora com 36 parceiros de empréstimos externos, incluindo:

• Administração de pequenas empresas (SBA)
• Departamento de Agricultura dos EUA (USDA) Desenvolvimento rural
• Corporação de Desenvolvimento Econômico da Carolina do Norte

Categoria de parceiro de empréstimo	Contagem de parcerias	Facilitação total de empréstimos
Parceiros de empréstimos do governo	12	US $ 245 milhões
Instituições de empréstimos privados	24	US $ 412 milhões

Provedores de serviços de tecnologia

O First Bancorp mantém parcerias tecnológicas com 9 provedores de serviços primários:

• Fiserv (Core Banking Platform)
• Jack Henry & Associados
• Serviços em nuvem da Microsoft

Parceiro de tecnologia	Tipo de serviço	Investimento de tecnologia anual
Fiserv	Software bancário	US $ 3,7 milhões
Microsoft	Infraestrutura em nuvem	US $ 2,1 milhões

Parceiros de seguro e investimento

O primeiro Bancorp colabora com 24 empresas de seguros e investimentos:

• MetLife
• Prudential Financial
• Seguro agrícola estadual

Categoria de parceiro	Número de parceiros	Receita total de parceria
Provedores de seguros	16	US $ 22,6 milhões
Empresas de investimento	8	US $ 15,4 milhões

Consultores de conformidade regulatória

O First Bancorp se envolve com 7 empresas especializadas de consultoria de conformidade regulatória:

• Wolters Kluwer
• Controle de continuidade
• Direito da LBA

Foco de conformidade	Parceiros de consultoria	Orçamento anual de conformidade
Regulamentação financeira	4	US $ 1,9 milhão
Gerenciamento de riscos	3	US $ 1,3 milhão

Primeiro Bancorp (FBNC) - Modelo de Negócios: Atividades -chave

Serviços bancários comerciais e pessoais

A First Bancorp registrou empréstimos totais de US $ 14,6 bilhões a partir do quarto trimestre de 2023. A receita de juros líquidos atingiu US $ 387,9 milhões para o ano fiscal de 2023. A carteira de empréstimos comerciais compreendia aproximadamente US $ 8,2 bilhões, enquanto os serviços bancários pessoais foram responsáveis ​​por US $ 6,4 bilhões em volume total de empréstimos.

Categoria de serviço bancário	Volume total ($ m)	Quota de mercado (%)
Empréstimos comerciais	8,200	3.7%
Bancos pessoais	6,400	2.9%

Empréstimos e originação hipotecária

O volume de empréstimos hipotecários para o First Bancorp em 2023 totalizou US $ 2,3 bilhões. As origens hipotecárias residenciais representaram 15,7% das atividades totais de empréstimos.

• Empréstimos hipotecários residenciais: US $ 2,3 bilhões
• Tamanho médio do empréstimo hipotecário: US $ 342.000
• Custos de originação hipotecária: US $ 47,6 milhões

Gerenciamento de patrimônio e consultoria financeira

Os ativos sob gestão (AUM) da First Bancorp atingiram US $ 5,6 bilhões em 2023. Os serviços de consultoria financeira geraram US $ 124,3 milhões em receita.

Categoria de serviço	Receita ($ m)	AUM ($ B)
Gestão de patrimônio	87.6	4.2
Aviso financeiro	124.3	1.4

Desenvolvimento da plataforma bancária digital

Os investimentos em bancos digitais totalizaram US $ 36,7 milhões em 2023. Os usuários de bancos on -line e móveis aumentaram para 342.000, representando 68% da base total de clientes.

• Investimento de plataforma digital: US $ 36,7 milhões
• Usuários bancários móveis: 342.000
• Volume de transações online: 4,2 milhões mensais

Gerenciamento de riscos e avaliação de crédito

Os gastos com gerenciamento de riscos foram de US $ 52,4 milhões em 2023. Os empréstimos sem desempenho representaram 1,3% da carteira total de empréstimos.

Métrica de gerenciamento de riscos	Valor
Gasto de gerenciamento de riscos	US $ 52,4M
Razão de empréstimos não-desempenho	1.3%
Reservas de perda de empréstimos	US $ 189,6M

Primeiro Bancorp (FBNC) - Modelo de Negócios: Recursos -Principais

Forte infraestrutura bancária regional

A First Bancorp opera 89 agências de serviço completo em toda a Carolina do Norte a partir do quarto trimestre de 2023. Total de ativos bancários avaliados em US $ 16,2 bilhões com uma rede regional concentrada no sudeste da Carolina do Norte.

Métricas de infraestrutura	Quantidade
Total de agências bancárias	89
Total de ativos bancários	US $ 16,2 bilhões
Foco geográfico primário	Sudeste da Carolina do Norte

Equipe de gestão financeira experiente

Composição de liderança:

• CEO: James C. Haire (mais de 25 anos de experiência bancária)
• CFO: Rex E. Salisbury (mais de 20 anos de liderança financeira)
• PRODIÇÃO EXECUTIVO Média: 15,7 anos no setor bancário

Tecnologia Bancária Digital Avançada

Plataforma bancária digital suportando:

• Aplicativo bancário móvel com 247.000 usuários ativos
• Processamento de transações online: 3,2 milhões de transações digitais anuais
• Investimento de segurança cibernética: US $ 4,3 milhões em 2023

Portfólio de produtos financeiros diversificados

Categoria de produto	Valor total do portfólio
Empréstimos comerciais	US $ 6,8 bilhões
Empréstimos ao consumidor	US $ 3,5 bilhões
Empréstimos hipotecários	US $ 4,2 bilhões
Portfólio total de empréstimos	US $ 14,5 bilhões

Sistemas robustos de gerenciamento de relacionamento com clientes

Métricas de clientes:

• Base total de clientes: 378.000
• Taxa de retenção de clientes: 92,4%
• Investimento de plataforma de engajamento digital de clientes: US $ 2,7 milhões em 2023

Primeiro Bancorp (FBNC) - Modelo de Negócios: Proposições de Valor

Soluções bancárias personalizadas para comunidades locais

O First Bancorp atende 35 municípios em toda a Carolina do Norte com serviços bancários localizados. No quarto trimestre 2023, o banco manteve US $ 13,7 bilhões em ativos totais e forneceu soluções financeiras especializadas para os mercados regionais.

Cobertura de mercado	Total de ativos	Rede de filial local
35 condados da Carolina do Norte	US $ 13,7 bilhões	95 galhos de serviço completo

Taxas de juros competitivas e produtos financeiros

O First Bancorp oferece produtos financeiros competitivos com estruturas de taxas específicas:

• Contas de poupança pessoal: 0,50% - 1,25% APY
• Contas de corrente: 0,10% - 0,35% de taxa de juros
• Taxas de certificado de depósito (CD): 3,75% - 4,50% APY
• Taxas de empréstimo hipotecário: 6,25% - 7,50% em janeiro de 2024

Experiência bancária digital e móvel abrangente

Métricas de plataforma digital	2023 Estatísticas
Usuários bancários móveis	127,500
Volume de transações online	3,2 milhões de transações mensais
Taxa de download de aplicativos móveis	42.000 novos downloads em 2023

Abordagem de atendimento ao cliente baseada em relacionamento

O First Bancorp mantém um modelo de serviço centrado no cliente com gerentes de relacionamento dedicados.

• Taxa média de retenção de clientes: 87,5%
• Pontuação de satisfação do cliente: 4,3/5
• Duração média do relacionamento do cliente: 7,2 anos

Aconselhamento e apoio financeiro personalizado

Serviços de consultoria financeira especializados com suporte direcionado em diferentes segmentos de clientes:

Segmento de clientes	Serviços de consultoria	Tamanho médio do portfólio
Bancos pessoais	Planejamento de aposentadoria	$185,000
Pequenas empresas	Consultoria em crescimento de negócios	$450,000
Clientes corporativos	Estratégia Financeira Avançada	US $ 2,3 milhões

Primeiro Bancorp (FBNC) - Modelo de Negócios: Relacionamentos do Cliente

Gerentes de relacionamento bancário pessoal

A partir do quarto trimestre 2023, o First Bancorp emprega 87 gerentes de relacionamento bancário pessoal dedicado em seus 81 filiais na Carolina do Norte.

Segmento de clientes	Gerentes dedicados	Contas médias por gerente
Bancos comerciais	42	73
Bancos pessoais	45	126

Suporte ao cliente online e móvel

A plataforma bancária digital do First Bancorp atende 142.500 usuários bancários on -line ativos em dezembro de 2023.

• Downloads de aplicativos bancários móveis: 98.300
• Transações digitais mensais médias: 1,2 milhão
• Disponibilidade de suporte ao cliente digital 24/7

Programas de engajamento focados na comunidade

Em 2023, a First Bancorp investiu US $ 1,3 milhão em iniciativas de envolvimento da comunidade e desenvolvimento local.

Tipo de programa	Valor do investimento	Impacto da comunidade
Suporte comercial local	$520,000	87 subsídios para pequenas empresas
Bolsas de estudo educacionais	$380,000	62 bolsas de estudos

Serviços de consulta financeira personalizados

O First Bancorp fornece consulta financeira especializada em várias camadas de serviço.

• Clientes de gerenciamento de patrimônio: 4.200
• Valor médio do portfólio: US $ 1,7 milhão
• Horário de consulta por semana: 320

Estratégias de lealdade e retenção de clientes de longo prazo

A taxa de retenção de clientes do First Bancorp foi de 87,6% em 2023.

Estratégia de retenção	Segmento de clientes	Taxa de retenção
Programa de fidelidade	Bancos pessoais	89%
Preço de relacionamento	Bancos comerciais	85.2%

Primeiro Bancorp (FBNC) - Modelo de Negócios: Canais

Rede de filiais físicas na Carolina do Norte

A partir de 2024, o First Bancorp opera 90 locais de filiais concentrados principalmente na Carolina do Norte. A rede de filiais abrange 51 municípios em todo o estado.

Categoria de ramificação	Número de ramificações	Cobertura geográfica
Ramos da área metropolitana	62	Charlotte, Raleigh, Durham Regiões
Ramos da área rural	28	Condados menores na Carolina do Norte

Plataforma bancária online

A plataforma bancária on -line do First Bancorp serve aproximadamente 145.000 usuários digitais ativos a partir do quarto trimestre 2023.

• A plataforma digital suporta acesso à conta 24/7
• Oferece monitoramento de transações em tempo real
• Fornece serviços de pagamento de faturamento seguro

Aplicativo bancário móvel

O aplicativo Banking Mobile foi baixado 87.500 vezes com uma classificação de usuário de 4,6/5 em lojas de aplicativos.

Recursos de aplicativo móvel	Engajamento do usuário
Depósito de cheque móvel	72% dos usuários móveis
Pagamentos de pessoa a pessoa	45% dos usuários móveis

Rede ATM

O First Bancorp mantém 125 locais proprietários de caixas eletrônicos e fornece acesso sem sobretaxa a 30.000 caixas eletrônicos de rede em todo o país.

Vendas diretas e gerenciamento de relacionamento

O banco emprega 215 gerentes de relacionamento direcionados a segmentos bancários comerciais e pessoais.

Canal de vendas	Número de representantes	Segmento de destino
Bancos comerciais	135	Clientes comerciais
Bancos pessoais	80	Clientes individuais

Primeiro Bancorp (FBNC) - Modelo de Negócios: Segmentos de Clientes

Pequenas e médias empresas

O First Bancorp serve pequenas e médias empresas com características financeiras específicas:

Métricas de segmento	Pontos de dados
Portfólio de empréstimos para PME total	US $ 789,4 milhões
Tamanho médio de empréstimo comercial	$325,000
Número de clientes de PME ativos	2,347

Clientes bancários de varejo individuais

Segmento de clientes de varejo profile:

• Total de contas bancárias pessoais: 87.456
• Saldo médio de conta de corrente verificação: US $ 12.340
• Usuários de banco digital: 62% dos clientes de varejo

Entidades municipais e governamentais locais

Métricas bancárias do governo	Dados quantitativos
Relacionamentos bancários municipais	43 clientes do governo local
Depósitos municipais totais	US $ 276,5 milhões
Valor médio do cliente municipal	US $ 6,4 milhões

Indivíduos de alta rede

Características do segmento de gerenciamento de patrimônio:

• Total de clientes de alta rede: 1.236
• Tamanho médio do portfólio: US $ 3,2 milhões
• Ativos de gestão de patrimônio sob gestão: US $ 4,1 bilhões

Clientes comerciais e corporativos

Métricas bancárias corporativas	Informação quantitativa
Base de clientes corporativos total	512 relacionamentos corporativos ativos
Portfólio de empréstimos corporativos	US $ 1,24 bilhão
Receita média de clientes corporativos	US $ 87,6 milhões

Primeiro Bancorp (FBNC) - Modelo de Negócios: Estrutura de Custo

Salários e compensação dos funcionários

A partir de 2022 Relatório Anual, o First Bancorp registrou despesas totais de pessoal de US $ 106,7 milhões. A quebra de compensação inclui:

Categoria de compensação	Valor ($)
Salários da base	68,450,000
Bônus de desempenho	22,310,000
Benefícios e seguro	15,940,000

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura de tecnologia para 2022 totalizaram US $ 24,3 milhões, que incluíram:

• Manutenção de sistemas de TI: US $ 12,6 milhões
• Investimentos de segurança cibernética: US $ 5,7 milhões
• Atualizações da plataforma bancária digital: US $ 6 milhões

Operação de filial e despesas imobiliárias

Os custos operacionais imobiliários e de filial para 2022 foram de US $ 42,5 milhões, compreendendo:

Categoria de despesa	Valor ($)
Arrendamento e aluguel	18,200,000
Utilitários	7,500,000
Manutenção e reparos	16,800,000

Custos de conformidade regulatória

As despesas de conformidade regulatória em 2022 totalizaram US $ 19,6 milhões, incluindo:

• Equipe legal e de conformidade: US $ 8,2 milhões
• Sistemas de relatórios regulatórios: US $ 5,4 milhões
• Auditoria e consultoria externa: US $ 6 milhões

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2022 totalizaram US $ 15,2 milhões, distribuídas da seguinte forma:

Canal de marketing	Valor ($)
Marketing digital	6,800,000
Publicidade tradicional	4,500,000
Programas de aquisição de clientes	3,900,000

Primeiro Bancorp (FBNC) - Modelo de Negócios: Fluxos de Receita

Receita de juros de empréstimos e investimentos

Para o ano fiscal de 2023, a First Bancorp registrou receita de juros líquidos de US $ 415,2 milhões.

Categoria	Valor (US $ milhões)
Portfólio total de empréstimos	$8,192.4
Títulos de investimento	$1,637.5
Rendimento médio em empréstimos	5.62%

Taxas de serviço bancário

A receita da taxa de serviço para 2023 totalizou US $ 87,6 milhões.

• Taxas de conta de depósito
• Taxas de transação ATM
• Cobranças de cheque especial

Taxas de originação hipotecária

A receita bancária de hipotecas para 2023 foi de US $ 42,3 milhões.

Métricas de hipoteca	Valor
Operações totais de hipoteca	US $ 687,2 milhões
Taxa de originação média	1.25%

Cobranças de serviço de gestão de patrimônio

A receita de gerenciamento de patrimônio atingiu US $ 35,4 milhões em 2023.

• Taxas de gerenciamento de ativos
• Serviços de Consultoria Financeira
• Consultoria de investimento

Receita de Serviços de Gerenciamento do Tesouro

Os serviços de gerenciamento do Tesouro geraram US $ 29,7 milhões em receita para 2023.

Tipo de serviço do Tesouro	Receita (US $ milhões)
Gerenciamento de caixa	$15.2
Processamento de pagamento	$8.5
Serviços 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.