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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.