Baryon magnetic moments are computed in baryon chiral perturbation theory in the large-$N_c$ limit at one-loop order, where $N_c$ is the number of color charges. Orders $mathcal{O}(m_q^{1/2})$ and $mathcal{O}(m_q ln m_q)$ corrections are both evaluated including all the operator structures that participate at the physical value $N_c=3$. The complete expressions for octet and decuplet baryon magnetic moments in addition to decuplet-octet baryon transition moments are thus compared to their available counterparts obtained in heavy baryon chiral perturbation theory for degenerate intermediate baryons in the loops. Theoretical expressions fully agree at the physical values $N_c=3$ and $N_f=3$ flavors of light quarks. Some numerical evaluations are produced via a least-squares fit to explore the free parameters in the analysis. Results point out the necessity of incorporating the effects of non-degenerate intermediate baryons in the loops for a consistent determination of these free parameters.
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