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 April 25, 2025, to shareholders of record as of March 31, 2025. The announcement follows a strong fourth quarter performance with improvements in adjusted net income and EPS, while maintaining robust capital, liquidity, and credit quality metrics.

The company, headquartered in Southern Pines, North Carolina, operates as a bank holding company with total assets of $12.1 billion. Its main subsidiary, First Bank, manages 113 branches across North Carolina and South Carolina, offering tailored banking solutions, local expertise, and technology for home and business management since 1935. The bank also provides SBA loans through its nationwide lending network.

Positive

• Strong Q4 performance with increased adjusted net income and EPS
• Maintains strong capital, liquidity, and credit quality
• Substantial asset base of $12.1 billion
• Consistent dividend distribution to shareholders

Negative

• None.

SOUTHERN PINES, N.C., March 14, 2025 /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 April 25, 2025 to shareholders of record as of March 31, 2025. 

Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong fourth quarter performance with meaningful increases in adjusted net income and adjusted EPS while maintaining strong capital, liquidity and credit quality.  We are pleased to continue distributing cash dividends to our shareholders, contributing to a valuable return on their investments."

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.1 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 the dividend amount and payment date for First Bancorp (FBNC) in Q1 2025?

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

How many branches does First Bancorp (FBNC) operate in 2025?

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

What was First Bancorp's (FBNC) total asset value announced in March 2025?

First Bancorp reported total assets of $12.1 billion.

How did First Bancorp (FBNC) perform in Q4 2024?

First Bancorp reported strong Q4 performance with meaningful increases in adjusted net income and adjusted EPS, while maintaining strong capital, liquidity and credit quality.

What banking services does First Bancorp (FBNC) offer in 2025?

First Bancorp offers tailored banking solutions, local expertise, technology for home and business management, and SBA loans through its nationwide network of lenders.