First Bancorp: * FIRST BANCORP REPORTS THIRD QUARTER RESULTS. * Q3 EARNINGS PER SHARE $0.97. * FIRST BANCORP - NET INTEREST INCOME FOR Q3 OF 2021 WAS $58.6 MILLION, A 7.0% INCREASE FROM $54.7 MILLION RECORDED IN Q3 OF 2020. * Q3 EARNINGS PER SHARE VIEW $0.94 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:
SOUTHERN PINES, N.C., Oct. 26, 2021 First Bancorp, the parent company of First Bank, announced today net income of $27.6 million, or $0.97 per diluted common share, for the three months ended September 30, 2021, an increase of 19.8% on a per share basis, compared to $23.3 million, or $0.81 per diluted common share, recorded in the third quarter of 2020.
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit…
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of January 27, 2021, it operated 101 branches in North Carolina and South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.
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