First Bancorp Announces Cash Dividend

Rhea-AI Summary

First Bancorp (NASDAQ: FBNC) declared a cash dividend of $0.24 per share, payable April 27, 2026 to shareholders of record as of March 31, 2026. The board said the increase reflects strong fourth-quarter performance, solid capital and liquidity, and stable credit quality.

First Bancorp reported total assets of $12.7 billion and operates 113 branches across North Carolina and South Carolina.

Positive

• Dividend of $0.24 per share payable April 27, 2026
• Record date set for March 31, 2026
• Total assets of $12.7 billion
• Branch network of 113 locations in NC and SC
• Management cites stronger adjusted net income and EPS

Negative

• None.

SOUTHERN PINES, N.C., March 13, 2026 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.24 per share payable on April 27, 2026 to shareholders of record as of March 31, 2026.

Richard Moore, Chief Executive Officer of First Bancorp, stated, "During the fourth quarter, we had strong financial performance, supported by solid capital and liquidity positions and stable credit quality. We delivered meaningful growth in adjusted net income and adjusted EPS while maintaining disciplined balance sheet management. In conjunction with our commitment to return capital to our shareholders, we are pleased to increase the level of cash dividends."

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.7 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 113 branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bank also provides SBA loans to customers through its nationwide network of lenders.

Please visit our website at www.LocalFirstBank.com for more information.

First Bancorp's common stock is traded on The NASDAQ Global Select Market under the symbol "FBNC." Member FDIC, Equal Housing Lender.

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SOURCE First Bancorp

FAQ

What dividend did First Bancorp (FBNC) announce on March 13, 2026?

First Bancorp declared a cash dividend of $0.24 per share. According to the company, the dividend is payable April 27, 2026 to shareholders of record as of March 31, 2026.

When is the First Bancorp (FBNC) dividend payable and what is the record date?

The dividend is payable on April 27, 2026 with a record date of March 31, 2026. According to the company, eligible shareholders on the record date will receive the $0.24 per share cash payment.

How did First Bancorp describe its recent financial performance in the March 13, 2026 announcement?

First Bancorp described fourth-quarter results as strong, with solid capital, liquidity and stable credit quality. According to the company, management reported meaningful growth in adjusted net income and adjusted EPS.

How large is First Bancorp's balance sheet and branch footprint as noted in the dividend release?

First Bancorp reported total assets of $12.7 billion and operates 113 branches in North Carolina and South Carolina. According to the company, the branch network supports its community banking activities.

Does the First Bancorp (FBNC) dividend signal a change in capital return policy?

The company said it is increasing the level of cash dividends, indicating a stronger capital-return stance. According to the company, this reflects disciplined balance sheet management and commitment to return capital to shareholders.