← FIRST BANCORP /NC/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $27.5m |
$46.0m
+67.12%
|
$89.3m
+94.22%
|
$92.0m
+3.09%
|
$81.5m
-11.48%
|
$95.6m
+17.39%
|
$146.9m
+53.63%
|
$104.1m
-29.13%
|
$76.2m
-26.81%
|
$111.0m
+45.70%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $27.3m |
$46.0m
+68.19%
|
$89.3m
+94.22%
|
$91.6m
+2.58%
|
$81.1m
-11.48%
|
$95.2m
+17.37%
|
$146.2m
+53.59%
|
$103.4m
-29.22%
|
$75.8m
-26.70%
|
$110.4m
+45.64%
|
— | |
| Depreciation and amortization | — | $207k | $846k | — | — | — | — | — | — | — | $14.2m | |
| Amortization of Intangible Assets | $1.2m | $4.2m | $6.8m | $4.9m | $4.0m | $3.5m | $3.7m | $8.0m | $6.6m | $5.7m | — | |
| Depreciation | $4.6m | $5.5m | $6.1m | $5.8m | $5.8m | $6.2m | $6.9m | $7.8m | $7.8m | $6.8m | $7.9m | |
| Share-based Payment Arrangement, Noncash Expense | $714k | $1.1m | $1.6m | $2.3m | $2.5m | $2.3m | $3.0m | $5.1m | $4.9m | $3.8m | $3.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $702k | $307k | $786k | $840k | $743k | $1.7m | $1.7m | — | |
| Share-based Payment Arrangement, Expense | $714k | $1.1m | $1.6m | $2.3m | $2.5m | $2.3m | $3.0m | $4.6m | $4.3m | $3.4m | $3.5m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | — | — | $0 | $0 | $0 | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $3k | $235k | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($120k) | ($1.1m) | ($1.9m) | ($644k) | ($3.6m) | ($773k) | $12.6m | $19.8m | $18.8m | $9.6m | — | |
| Increase (Decrease) in Other Operating Assets | $724k | ($6.7m) | ($3.5m) | $5.7m | $991k | ($14.0m) | ($11.4m) | ($12.4m) | $5.4m | $6.2m | — | |
| Increase (Decrease) in Other Operating Liabilities | $2.9m | ($10.7m) | ($6.6m) | $1.2m | $9.8m | $394k | ($8.0m) | ($949k) | $5.7m | ($20.7m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $26.2m |
$26.8m
+2.39%
|
$46.4m
+72.93%
|
$51.2m
+10.40%
|
$57.1m
+11.39%
|
$138.9m
+143.37%
|
$230.7m
+66.06%
|
$131.4m
-43.03%
|
$174.8m
+33.02%
|
$203.1m
+16.22%
|
$232.5m
+14.46%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.7m | $4.7m | $10.7m | $3.5m | $12.4m | $9.4m | $5.3m | $4.4m | $2.7m | $4.2m | ($5.5m) | |
| Equipment Expense | $3.6m | $4.5m | $5.6m | $5.0m | $4.3m | $4.5m | $5.8m | $6.0m | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $76.9m | $38.0m | $60.9m | $158.9m | $223.8m | $358.3m | $251.3m | $165.4m | $243.0m | $216.5m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | ($1.2m) | $553k | ($7.8m) | $97k | $8.0m | ($1.2m) | $0 | $0 | $25.8m | $0 | — | |
| Unrealized Gain (Loss) on Investments | ($1.2m) | $553k | ($7.8m) | $17.0m | $14.4m | ($41.4m) | ($317.3m) | $34.1m | ($38.0m) | ($71.6m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $53.6m | ($72.5m) | — | — | $9.6m | ($209.0m) | $0 | ($22.6m) | $0 | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | $1.6m | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($128.5m) | ($313.3m) | ($424.7m) | ($960.3m) | ($1.3b) | ($713.4m) | ($191.4m) | $169.7m | ($562.1m) | ($581.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | $51.1m | $202.0m | $5.7m | $133k | — | — | — | ($19.1m) | |
| Debt and Equity Securities, Gain (Loss) | ($1.2m) | $553k | ($7.8m) | $97k | $8.0m | ($1.2m) | $0 | $0 | ($38.0m) | ($71.6m) | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $0 | $150.0m | $0 | $0 | — | — | — | $1.0m | |
| Payments for Repurchase of Common Stock | — | — | — | $10.0m | $31.9m | $4.0m | $0 | $0 | — | $991k | — | |
| Payments of Ordinary Dividends, Common Stock | $6.4m | $7.6m | $11.3m | $13.7m | $20.9m | $22.2m | $30.7m | $34.9m | $36.2m | $37.3m | ($38.5m) | |
| Dividends Payable | — | — | — | — | — | $7.1m | $7.9m | $9.0m | $9.1m | $9.5m | — | |
| Net Cash Provided by (Used in) Financing Activities | $237.6m |
$285.2m
+20.05%
|
$240.3m
-15.75%
|
$141.9m
-40.96%
|
$1.0b
+632.59%
|
$1.2b
+17.92%
|
$291.9m
-76.18%
|
$27.5m
-90.58%
|
($74.8m)
-371.92%
|
$161.0m
+315.29%
|
$187.9m
+16.69%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $38.7m | $183.5m | ($26.6m) | ($231.6m) | $136.0m | $93.9m | ($190.8m) | ($32.5m) | $269.7m | ($197.9m) | $550.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $231.3m | $367.3m | $461.2m | $270.3m | $237.9m | $507.5m | $309.6m | $550.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | ($23k) | $723k | ($3.6m) | $2.3m | $35.0m | $15.0m | $12.4m | $17.8m | $16.4m | $11.5m | $12.4m | |
| Bank Owned Life Insurance Income | $2.1m | $2.3m | $2.5m | $2.6m | $2.5m | $2.9m | $3.8m | $4.3m | $4.8m | $5.1m | — | |
| Gain (Loss) on Sales of Loans, Net | — | — | $10.4m | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $375k | $287k | $324k | $129k | $0 | $0 | — | $4.5m | $4.1m | $1.5m | — | |
| Parent Company | $6.4m | $7.6m | $11.3m | $13.7m | $20.9m | $22.2m | $30.7m | $34.9m | $36.2m | $37.3m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $12.2m | $23.0m | $33.7m | $20.8m | $10.2m | $14.3m | $135.7m | $186.9m | $159.2m | — | |
| Income Taxes Paid, Net | $11.8m | $19.5m | $21.2m | $24.3m | $29.6m | $32.5m | $39.7m | $29.7m | $33.5m | $11.0m | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense, Including Asset Retirement Obligations | $10.3m | — | — | — | — | — | — | — | — | — | — | |
| Asset Retirement Obligation, Accretion Expense | $5.7m | — | — | — | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | $998k | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | ($1.2m) | $553k | ($7.8m) | $17.0m | $14.4m | ($41.4m) | — | $34.1m | $4.5m | — | — | |
| Goodwill | $75.0m | $233.1m | $234.4m | $234.4m | $239.3m | $364.3m | $364.3m | $478.8m | $478.8m | $478.8m | — | |
| Income Tax Expense (Benefit) | $14.6m | $21.8m | $24.2m | $24.2m | $21.7m | $24.7m | $38.3m | $27.8m | $21.9m | $28.5m | — | |
| Operating Lease, Expense | — | — | — | $2.6m | $2.9m | $2.6m | $2.9m | $3.1m | $2.5m | $2.5m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.