{"filing":{"accession_number":"0000811589-26-000149","cik":"0000811589","ticker":"FBNC","company_name":"FIRST BANCORP /NC/","form":"8-K","filing_date":"2026-07-14","report_date":null,"primary_document":"fbnc-20260714.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158926000149/fbnc-20260714.htm"},"events":[{"id":17768,"run_id":15933,"accession_number":"0000811589-26-000149","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"summary":"First Bancorp entered into a definitive Agreement and Plan of Merger and Reorganization to acquire First Carolina Bancshares Corporation in a stock-and-cash transaction valued at approximately $166 million, with consideration of 1,967,017 shares and $40 million in cash. The transaction was unanimously approved by both boards and is expected to close in late Q4 2026 or early Q1 2027, subject to customary closing conditions including shareholder and regulatory approvals, and will substantially expand First Bancorp's South Carolina presence and increase its deposit base by over 50%.","company_name":"FIRST BANCORP /NC/","ticker":"FBNC","filing_date":"2026-07-14","form":"8-K","submitted_at":null,"items":[{"id":16361,"accession_number":"0000811589-26-000149","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"reasoning":"First Bancorp announced the signing of a definitive merger agreement to acquire First Carolina Bancshares Corporation in a stock and cash transaction valued at approximately $166 million. The agreement was unanimously approved by both boards and is expected to close in late Q4 2026 or early Q1 2027, subject to customary closing conditions including shareholder and regulatory approvals. This is a material acquisition that expands First Bancorp's South Carolina presence and increases its deposit base by over 50%.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-14T12:46:44.816765+00:00","company_name":"","ticker":null,"filing_date":""},{"id":16362,"accession_number":"0000811589-26-000149","item_number":"8.01","item_title":"Other Events","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"First Bancorp announced the signing of a definitive merger agreement to acquire First Carolina Bancshares Corporation in a stock and cash transaction valued at approximately $166 million. The press release explicitly states \"First Bancorp will acquire First Carolina in a stock and cash transaction\" with consideration of 1,967,017 shares and $40 million in cash. This is a material acquisition that will expand First Bancorp's South Carolina presence and is subject to customary closing conditions including shareholder and regulatory approval, with expected closing in Q4 2026 or Q1 2027.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-14T12:46:44.816765+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":16361,"accession_number":"0000811589-26-000149","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"reasoning":"First Bancorp announced the signing of a definitive merger agreement to acquire First Carolina Bancshares Corporation in a stock and cash transaction valued at approximately $166 million. The agreement was unanimously approved by both boards and is expected to close in late Q4 2026 or early Q1 2027, subject to customary closing conditions including shareholder and regulatory approvals. This is a material acquisition that expands First Bancorp's South Carolina presence and increases its deposit base by over 50%.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-14T12:46:44.816765+00:00","company_name":"FIRST BANCORP /NC/","ticker":"FBNC","filing_date":"2026-07-14"},{"id":16362,"accession_number":"0000811589-26-000149","item_number":"8.01","item_title":"Other Events","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"First Bancorp announced the signing of a definitive merger agreement to acquire First Carolina Bancshares Corporation in a stock and cash transaction valued at approximately $166 million. The press release explicitly states \"First Bancorp will acquire First Carolina in a stock and cash transaction\" with consideration of 1,967,017 shares and $40 million in cash. This is a material acquisition that will expand First Bancorp's South Carolina presence and is subject to customary closing conditions including shareholder and regulatory approval, with expected closing in Q4 2026 or Q1 2027.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-14T12:46:44.816765+00:00","company_name":"FIRST BANCORP /NC/","ticker":"FBNC","filing_date":"2026-07-14"}]}