================================================================================
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 25, 2006
-------------------------------
----------------------
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 25, 2006 Exhibit
2
--------------------------------------------------------------------------------
Item 2.02 - Results of Operations and Financial Condition
On October 25, 2006, the Registrant issued a news release to announce its
financial results for the quarter-to-date period and year-to-date periods ended
September 30, 2006. 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 non-GAAP 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 25, 2006
Disclosures About Forward Looking Statements
The discussions included in this document and its exhibits may contain
forward looking statements within the meaning of the Private Securities
Litigation Act of 1995, including Section 21E of the Securities Exchange Act of
1934 and Section 27A of the Securities Act of 1933. Such statements involve
known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially. For the purposes of these discussions, any
statements that are not statements of historical fact may be deemed to be
forward looking statements. Such statements are often characterized by the use
of qualifying words such as "expects," "anticipates," "believes," "estimates,"
"plans," "projects," or other statements concerning opinions or judgments of the
Registrant and its management about future events. The accuracy of such forward
looking statements could be affected by such factors as, including but not
limited to, the financial success or changing conditions or strategies of the
Registrant's customers or vendors, fluctuations in interest rates, actions of
government regulators, the availability of capital and personnel or general
economic conditions.
3
--------------------------------------------------------------------------------
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 25, 2006 By: /s/ James H. Garner
-------------------------------------
James H. Garner
President and Chief Executive Officer
4