First Bancorp (NASDAQ:FBNC) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.08 by 3.67 percent. This is a 34.52 percent increase over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $122.294 million which missed the analyst consensus estimate of $123.032 million by 0.60 percent. This is a 15.61 percent increase over sales of $105.785 million the same period last year.