First Bancorp Announces Cash Dividend

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First Bancorp (NASDAQ: FBNC) declares a cash dividend of $0.22 per share, payable on January 25, 2024, to shareholders of record as of December 31, 2023. The bank holding company, with total assets of approximately $12 billion, operates 118 branches in North Carolina and South Carolina. First Bancorp's CEO, Richard Moore, emphasized the importance of providing a return to shareholders amidst industry challenges.

SOUTHERN PINES, N.C., Dec. 15, 2023 /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, 2024 to shareholders of record as of December 31, 2023. 

Richard Moore, Chief Executive Officer of First Bancorp, stated, "It is important to us to use our capital to provide a return to our shareholders, and payment of the dividend is a critical part of our capital management. We are pleased to do so for another quarter as we close out a difficult year in our industry and look forward to 2024." 

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $12 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 118 branches in North Carolina and South Carolina. First Bank also provides SBA loans to customers through its nationwide network of lenders - for more information on First Bank's SBA lending capabilities, please visit www.firstbanksba.com. First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC." Please visit our website at www.LocalFirstBank.com.

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SOURCE First Bancorp

FAQ

What is the cash dividend declared by First Bancorp?

First Bancorp has declared a cash dividend of $0.22 per share.

When is the cash dividend payable to shareholders?

The cash dividend is payable on January 25, 2024, to shareholders of record as of December 31, 2023.

Where is First Bancorp headquartered and how many branches does it operate?

First Bancorp is headquartered in Southern Pines, North Carolina, and operates 118 branches in North Carolina and South Carolina.

What is the ticker symbol for First Bancorp?

First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol 'FBNC'.