First Bancorp in Southern Pines, N.C., posted a 20% jump in its second-quarter earnings as its provision for loan losses declined and fee income increased.

The $3 billion-asset parent of First Bank said after markets closed Wednesday that earned $6.4 million in the quarter that ended June 30, compared to $5.7 million for the same period in 2013. Earnings per share rose 19%, to 32 cents.

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