Rocket


Overview
Financials
News + Filings
Key Docs
Charts
Ownership
Insiders





Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

FIRST BANCORP (FBNC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
INTEREST INCOME          
Interest and fees on loans  278.0219.0213.1220.8208.6163.7121.3117.9
   
Interest on investment securities:          
Taxable interest income  53.532.120.419.910.67.06.26.3
Tax-exempt interest income  4.42.40.71.01.51.71.71.8
Other, principally overnight investments  5.02.43.48.410.55.01.80.7
    Total interest income  341.0255.9237.7250.1231.2177.4131.0126.7
   
INTEREST EXPENSE          
Interest on borrowings  4.81.63.38.99.35.12.41.6
    Total interest expense  16.19.519.633.923.812.77.66.9
    Net interest income  324.9246.4218.1216.2207.4164.7123.4119.7
    Total provision for credit losses  12.415.035.02.3-3.60.70.0-0.8
    Net interest income after provision for credit losses  312.5231.4183.1213.9211.0164.0123.4120.5
   
NONINTEREST INCOME          
Service charges on deposit accounts  15.512.311.113.012.711.910.611.6
Fees from presold mortgage loans  2.111.014.23.92.75.7  
Commissions from sales of financial products  5.26.98.88.58.75.33.82.6
SBA consulting fees  2.67.28.63.94.74.0  
SBA loan sale gains  5.17.38.08.310.45.5  
Bank-owned life insurance income  3.82.92.52.62.52.32.11.7
Other gains, net  7.31.6-0.1-0.20.70.40.0-0.5
    Total noninterest income  68.073.681.359.558.949.225.645.5
   
NONINTEREST EXPENSE          
Salaries expense  96.386.884.979.175.166.851.347.7
   
Employee benefits expense          
    Total personnel expense  96.386.884.979.175.166.851.347.7
Occupancy expense  12.811.511.311.110.89.77.87.4
Equipment related expenses  5.84.54.35.05.64.53.63.7
Merger and acquisition expenses  5.116.8 0.22.48.11.4 
Intangibles amortization expense  3.73.54.04.95.94.01.20.7
Other operating expenses  50.545.040.339.139.336.629.929.5
    Total noninterest expenses  195.2184.7161.3157.2156.5145.5106.898.1
    Income before income taxes  185.2120.3103.1116.3    
Income tax expense  38.324.721.724.224.221.814.614.1
    Net income  146.995.681.592.089.346.027.527.0
   
Earnings per common share:          
Basic (in dollars per share)  $4.12$3.19$2.81$3.10$3.02$1.82$1.37$1.34
Diluted (in dollars per share)  $4.12$3.19$2.81$3.10$3.01$1.82$1.33$1.30
   
Dividends declared per common share (in dollars per share)  $0.88$0.80$0.72$0.54$0.40$0.32$0.32$0.32
   
Weighted average common shares outstanding:          
Basic (in shares)  35.529.928.829.529.625.220.019.8
Diluted (in shares)  35.730.029.029.729.725.320.720.5

Rocket Data Systems, Inc. © 2019 | Contact Us | Data Disclaimer | Terms of Use | Privacy