First Bancorp reports Q4 adjusted EPS 76c, consensus 74c

Richard Moore, CEO and Chairman of the company, stated, “I am proud of our company’s results this quarter, in particular our ability to maximize the impact of rate cuts. We also continued to exhibit our service excellence culture in supporting our teammates, customers and communities in the wake of Hurricane Helene. We have positive momentum starting 2025 with fourth quarter adjusted net income of $31.7 million, and adjusted diluted earnings per share of $0.76, both of which are meaningful increases from the third quarter. We look forward to seeing the benefit of our hard work and strategic balance sheet initiatives that should provide tailwinds for 2025.”