SOUTHERN PINES, N.C. (AP) _ First Bancorp (FBNC) on Wednesday reported third-quarter profit of $25 million.
The bank, based in Southern Pines, North Carolina, said it had earnings of 84 cents per share.
The bank holding company for First Bank posted revenue of $78 million in the period. Its revenue net of interest expense was $69.4 million, falling short of Street forecasts.
First Bancorp shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.22, a climb of nearly 1% in the last 12 months.