First Bancorp (FBNC) reported Q1 adjusted earnings Wednesday of $0.84 per diluted share, up from $0.61 a year earlier.

Four analysts polled by FactSet expected $0.78.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and noninterest income, was $105.8 million, up from $92.2 million a year earlier.

Four analysts surveyed by FactSet expected $104.3 million.

First Bancorp's Nasdaq-traded shares were down almost 3.5% in Thursday's premarket activity.