First Bancorp (FBNC)

Environment story

First Bancorp is a regional bank with no disclosed direct operational emissions (Scope 1/2), supply-chain emissions (Scope 3), renewable energy targets, or net-zero commitments. The 10-K contains no environmental risk factors, sustainability initiatives, or resource-use controversies. As a financial services firm, FBNC's material environmental exposure derives from its loan and investment portfolio decisions (e.g., financing fossil-fuel extraction, CRE, commercial real estate). The filing does not disclose portfolio carbon analysis, climate-risk lending criteria, or transition-finance commitments. Starting score of 100 reflects the absence of disclosed direct operational environmental liabilities; however, the lack of any proactive climate governance or portfolio decarbonization strategy represents a material gap in modern ESG disclosure and oversight.

Social story

First Bancorp's 10-K contains no explicit disclosure of CEO-to-median-worker pay ratios, workforce turnover, plant safety metrics, or labor union relationships. The filing does not reference union-suppression activities, strikes, or labor-relations litigation in the past 24 months. No diversity metrics (gender, race/ethnicity) for executive or board leadership are provided in the source documents. The bank acknowledges competition for skilled employees and potential loss of key personnel as a business risk, but does not disclose diversity programs, supplier-diversity initiatives, or pay-equity audits. The absence of disclosed social metrics precludes material deductions under the rubric; the starting score of 100 reflects no documented violations or controversies, but also an absence of proactive social-governance transparency.

Governance story

First Bancorp's 10-K does not disclose board independence percentage, share class structure (single or dual-class), or annual lobbying expenditures. The filing references extensive federal and state banking regulation and examination but does not detail current regulatory fines, consent decrees, SEC enforcement, or antitrust proceedings. The Company acknowledges that regulatory compliance is costly and that changes in regulations have materially affected its business in the past, but no specific governance controversies (e.g., shareholder litigation, blocked climate proposals, board independence gaps) are documented in the provided source. The absence of disclosed governance metrics and controversies results in a neutral starting score; however, the lack of transparency on board composition, lobbying activity, and regulatory standing represents a material governance-disclosure gap.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of First Bancorp. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open First Bancorp in the app for interactive charts and portfolio building.

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