First Bancorp (FBNC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments367231463489306267253
Cash and cash equivalents367231463489306267253
Disposal group, including discontinued operation      6
Total current assets:367231463489306267259
Noncurrent Assets
Operating lease, right-of-use asset1820
Property, plant and equipment121115119116757575
Intangible assets, net (including goodwill)255252255258796768
Goodwill239234234233756666
Intangible assets, net (excluding goodwill)15172124412
Total noncurrent assets:393386374374155142143
Other undisclosed assets6,5305,5265,0274,6843,1542,9532,816
TOTAL ASSETS:7,2906,1445,8645,5473,6153,3623,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1198     
Total current liabilities:1198     
Noncurrent Liabilities
Other undisclosed liabilities6,3965,0935,1004,8543,2473,0202,831
Total liabilities:6,3965,2915,1004,8543,2473,0202,831
Stockholders' equity
Stockholders' equity attributable to parent, including:893852764693368342388
Common stock401430434433147133133
Accumulated other comprehensive income (loss)145(12)(4)(5)(4)(1)
Retained earnings478418342264226205185
Other undisclosed stockholders' equity attributable to parent     771
Total stockholders' equity:893852764693368342388
TOTAL LIABILITIES AND EQUITY:7,2906,1445,8645,5473,6153,3623,218

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2472592405138154176
Net investment income2382502311410127140
Financial services revenue37282836
Cost of revenue(35)(2) (1)  (10)
Provision for loan, lease, and other losses(35)(2) 
Financial services costs(1)  (10)
Gross profit:2112562405038154166
Operating expenses(100)(112)(112)(103)(73)(65)(74)
Operating income (loss):111144128(53)(35)8992
Nonoperating income2132312
Investment income, nonoperating(0)(0)101(0)1
Losses on sales of other real estate(1)(1)(1)(1)   
Bank owned life insurance income3332221
Interest and debt expense(20)(34)(24)(13)(8)(7)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes95713181(43)(47)
Income from continuing operations before income taxes:10311611368424139
Income tax expense(22)(24)(24)(22)(15)(14)(14)
Net income attributable to parent:81928946282725
Preferred stock dividends and other adjustments    (0)(1)(1)
Other undisclosed net loss available to common stockholders, basic(0)(0)     
Net income available to common stockholders, basic:81928946272624
Other undisclosed net income available to common stockholders, diluted00  000
Net income available to common stockholders, diluted:81928946282724

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:81928946282725
Other comprehensive income (loss)917(0)2(0)(4)(6)
Comprehensive income:911098948272319
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (8)(0)(1)13
Comprehensive income, net of tax, attributable to parent:911098148262423

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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