FBNC FIRST BANCORP /NC/

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in only 0/4 quarters. Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $0M, Q3 2022: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

No buyback activity

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

No buyback spending. FCF: $416M

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 1,306,027 shares = 3.2% of 41,347,418 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 1 insiders

• Donnelly Abby Jill () bought 6 shares at $49.41 on 2025-07-24
• Donnelly Abby Jill () bought 40 shares at $49.42 on 2025-07-24

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $0M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected