First Bancorp (FBNC) financial statements (2020 and earlier)

Company profile

Business Address 341 NORTH MAIN ST
TROY, NC 27371-0508
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments317463489306267253223
Cash and cash equivalents317463489306267253223
Disposal group, including discontinued operation     6 
Total current assets:317463489306267259223
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment13711911675757577
Intangible assets, net (including goodwill)25325525879676869
Goodwill23423423375666666
Intangible assets, net (excluding goodwill)1821244123
Total noncurrent assets:410374374155142143146
Other undisclosed assets5,3415,0274,6843,1542,9532,8162,816
TOTAL ASSETS:6,0695,8645,5473,6153,3623,2183,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,2345,1004,8543,2473,0202,8312,813
Total liabilities:5,2345,1004,8543,2473,0202,8312,813
Stockholders' equity
Stockholders' equity attributable to parent, including:835764693368342388372
Preferred stock      71
Common stock429434433147133133132
Accumulated other comprehensive income (loss)4(12)(4)(5)(4)(1)2
Retained earnings402342264226205185167
Other undisclosed stockholders' equity attributable to parent    771 
Total stockholders' equity:835764693368342388372
TOTAL LIABILITIES AND EQUITY:6,0695,8645,5473,6153,3623,2183,185

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2492405138154176 
Net investment income2482311410127140 
Financial services revenue37282836 
Cost of revenue(1) (1)  (10) 
Provision for loan, lease, and other losses(1) 
Financial services costs(1)  (10) 
Gross profit:2482405038154166 
Operating expenses(110)(112)(103)(73)(65)(74)(60)
Other operating expense, net
(Noninterest Income, Other Operating Income)
(1)      
Operating income (loss):138128(53)(35)8992(60)
Nonoperating income1323122
Investment income, nonoperating(0)101(0)11
Losses on sales of other real estate(1)(1)(1)    
Bank owned life insurance income3322211
Interest and debt expense(33)(24)(13)(8)(7)(8)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes14713181(43)(47)102
Income from continuing operations before income taxes:1201136842413933
Income tax expense(25)(24)(22)(15)(14)(14)(12)
Net income attributable to parent:95894628272521
Preferred stock dividends and other adjustments   (0)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(0)      
Net income available to common stockholders, basic:95894627262420
Other undisclosed net income available to common stockholders, diluted0  0000
Net income available to common stockholders, diluted:95894628272420

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:95894628272521
Other comprehensive income (loss)13(0)2(0)(4)(6) 
Comprehensive income:108894827231921
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(8)(0)(1)132
Comprehensive income, net of tax, attributable to parent:111814826242323

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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