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First Bancorp: 2Q Earnings Snapshot

July 24, 2019

SOUTHERN PINES, N.C. (AP) _ First Bancorp (FBNC) on Wednesday reported second-quarter earnings of $23.9 million.

The Southern Pines, North Carolina-based bank said it had earnings of 80 cents per share.

The bank holding company for First Bank posted revenue of $79 million in the period. Its revenue net of interest expense was $70.4 million, which topped Street forecasts.

First Bancorp shares have climbed 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.59, a decline of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBNC at https://www.zacks.com/ap/FBNC

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