SOUTHERN PINES, N.C. (AP) _ First Bancorp (FBNC) on Wednesday reported fourth-quarter earnings of $20.9 million.
The bank, based in Southern Pines, North Carolina, said it had earnings of 71 cents per share.
The bank holding company for First Bank posted revenue of $77.6 million in the period. Its revenue net of interest expense was $69.3 million, surpassing Street forecasts.
For the year, the company reported profit of $92 million, or $3.10 per share. Revenue was reported as $274.8 million.
First Bancorp shares have fallen slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.39, a climb of 4% in the last 12 months.