First Bancorp (NASDAQ:FBNC) reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.15 by 6.09 percent. This is a 40.23 percent increase over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $127.300 million which beat the analyst consensus estimate of $126.070 million by 0.98 percent. This is a 14.67 percent increase over sales of $111.017 million the same period last year.