First Bancorp (FBNC) financial statements (2022 and earlier)

Company profile

Business Address 300 SW BROAD STREET
SOUTHERN PINES, NC 28387
State of Incorp. NC
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments461367231463489306267
Cash and cash equivalents461367231463489306267
Total current assets:461367231463489306267
Noncurrent Assets
Operating lease, right-of-use asset211820
Property, plant and equipment1361211151191167575
Intangible assets, net (including goodwill)3822552522552587967
Goodwill3642392342342337566
Intangible assets, net (excluding goodwill)181517212441
Total noncurrent assets:539393386374374155142
Other undisclosed assets9,5096,5305,5265,0274,6843,1542,953
TOTAL ASSETS:10,5097,2906,1445,8645,5473,6153,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11198    
Total current liabilities:11198    
Noncurrent Liabilities
Other undisclosed liabilities9,2776,3965,0935,1004,8543,2473,020
Total liabilities:9,2786,3965,2915,1004,8543,2473,020
Stockholders' equity
Stockholders' equity attributable to parent, including:1,231893852764693368342
Common stock723401430434433147133
Accumulated other comprehensive income (loss)(25)145(12)(4)(5)(4)
Retained earnings533478418342264226205
Other undisclosed stockholders' equity attributable to parent      7
Total stockholders' equity:1,231893852764693368342
TOTAL LIABILITIES AND EQUITY:10,5097,2906,1445,8645,5473,6153,362

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2632472592405138154
Net investment income2562382502311410127
Financial services revenue372828
Cost of revenue(15)(35)(2) (1)  
Provision for loan, lease, and other losses(15)(35)(2) 
Financial services costs(1)  
Gross profit:2482112562405038154
Operating expenses(119)(100)(112)(112)(103)(73)(65)
Operating income (loss):129111144128(53)(35)89
Nonoperating income5213231
Investment income, nonoperating2(0)(0)101(0)
Losses on sales of other real estate(0)(1)(1)(1)(1)  
Bank owned life insurance income3333222
Interest and debt expense(10)(20)(34)(24)(13)(8)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 95713181(43)
Income from continuing operations before equity method investments, income taxes:124103116113684241
Other undisclosed loss from continuing operations before income taxes(4)      
Income from continuing operations before income taxes:120103116113684241
Income tax expense(25)(22)(24)(24)(22)(15)(14)
Net income attributable to parent:96819289462827
Preferred stock dividends and other adjustments     (0)(1)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)    
Net income available to common stockholders, basic:95819289462726
Other undisclosed net income available to common stockholders, diluted000  00
Net income available to common stockholders, diluted:96819289462827

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:96819289462827
Other comprehensive income (loss)(39)917(0)2(0)(4)
Comprehensive income:569110989482723
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (8)(0)(1)1
Comprehensive income, net of tax, attributable to parent:569110981482624

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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