First Bancorp Announces Cash Dividend

Rhea-AI Summary

First Bancorp (NASDAQ: FBNC) has declared a quarterly cash dividend of $0.22 per share, payable on January 25, 2025, to shareholders of record as of December 31, 2024. The company, with total assets of $12.2 billion, operates First Bank across 113 branches in North and South Carolina. CEO Richard Moore highlighted the company's strong capital position enabling profitable operations and shareholder returns through dividends. First Bank, established in 1935, provides community banking services including SBA loans through its nationwide network.

Positive

• Strong capital position maintaining dividend payments
• Substantial asset base of $12.2 billion
• Extensive branch network with 113 locations
• Continued profitability supporting shareholder returns

Negative

• None.

News Market Reaction – FBNC

+0.49%

1 alert

+0.49% News Effect

On the day this news was published, FBNC gained 0.49%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SOUTHERN PINES, N.C., Dec. 13, 2024 /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 $0.22 per share payable on January 25, 2025 to shareholders of record as of December 31, 2024. 

Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our strong capital position allows us to continue to operate profitably and to distribute cash dividends providing our shareholders with a valuable return on their investments."

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.2 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 is First Bancorp's (FBNC) latest dividend amount and payment date?

First Bancorp declared a cash dividend of $0.22 per share, payable on January 25, 2025, to shareholders of record as of December 31, 2024.

How many branches does First Bancorp (FBNC) currently operate?

First Bancorp operates 113 branches through First Bank across North Carolina and South Carolina.

What is First Bancorp's (FBNC) current total asset value?

First Bancorp has total assets of $12.2 billion.

What banking services does First Bancorp (FBNC) provide?

First Bancorp provides community banking services, including SBA loans, through its First Bank subsidiary, combining financial solutions, local expertise, and technology for home and business banking.