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EX-99.1 - EXHIBIT 99.1 - FIRST BANCORP /NC/ex99-1.htm



 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 

 
Form 8-K
 

 
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
 
THE SECURITIES EXCHANGE ACT OF 1934
 
     
Date of Report (Date of earliest event reported):
 
October 31, 2011
 


First Bancorp

(Exact Name of Registrant as Specified in its Charter)
         
North Carolina
 
0-15572
 
56-1421916
(State or Other Jurisdiction
 
(Commission
 
(I.R.S. Employer
of Incorporation)
 
File Number)
 
Identification Number)

         
341 North Main Street, Troy, North Carolina
     
 
27371
(Address of Principal Executive Offices)
     
(Zip Code)

(910) 576-6171

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

 
 
First Bancorp
 
INDEX
 
         
   
Page
   
 
         
Item 2.02 – Results of Operations and Financial Condition
   
3
 
         
Item 9.01 – Financial Statements and Exhibits
   
3
 
         
Signatures
   
4
 
         
Exhibit 99.1 News Release dated October 31, 2011
   
Exhibit
 
2
 

 
 

 


Item 2.02 – Results of Operations and Financial Condition
 
On October 31, 2011, the Registrant issued a news release to announce its financial results for the three and nine months ended September 30, 2011.  The news release is attached hereto as Exhibit 99.1.  The news release includes disclosure of net interest income on a tax-equivalent basis, which is a performance measure used by management in operating its business, which management believes provides investors with a more accurate picture of net interest income and net interest margins for comparative purposes.
 

 
Item 9.01 – Financial Statements and Exhibits
 
(d)
Exhibits
 
 
Exhibit No.
Description
 
 
99.1
Press release issued on October 31, 2011
 

 
Disclosures About Forward Looking Statements
 
The discussions included in this document and its exhibits contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties.  Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results or otherwise are not statements of historical fact.  Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the Company and its management about future events.  Factors that could influence the accuracy of such forward-looking statements include, but are not limited to, the financial success or changing strategies of the Registrant’s customers, the Registrant’s level of success in integrating acquisitions, actions of government regulators, the level of market interest rates, and general economic conditions.
 

 
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Signatures
 
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
             
           
First Bancorp
             
   
 
October 31, 2011
 
 
By:
 
 
/s/ Jerry L. Ocheltree
           
Jerry L. Ocheltree
           
President and Chief Executive Officer
 
4