First Bancorp Announces Cash Dividend

Rhea-AI Summary

First Bancorp (NASDAQ: FBNC) has declared a quarterly cash dividend of $0.23 per share, payable on October 25, 2025, to shareholders of record as of September 30, 2025. The company, with total assets of $12.6 billion, operates First Bank across 113 branches in North and South Carolina.

CEO Richard Moore highlighted the company's focus on customer service, maintaining strong capital and liquidity positions, and stable credit quality. First Bancorp has maintained its dividend payment track record for over forty years, demonstrating its commitment to shareholder returns.

Positive

• Consistent 40+ year track record of dividend payments
• Strong asset base of $12.6 billion
• Stable credit quality and robust capital position
• Extensive branch network across North and South Carolina

Negative

• None.

SOUTHERN PINES, N.C., Sept. 12, 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 $0.23 per share payable on October 25, 2025 to shareholders of record as of September 30, 2025.

Richard Moore, Chief Executive Officer of First Bancorp, stated, "During the second quarter, we remained focused on serving our customers, maintaining robust capital and liquidity along with stable credit quality, thus resulting in solid financial results. For over forty years, we have paid dividends on our common stock and we are committed to providing a valuable return on investment to our shareholders."

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.6 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 $0.23 per share, payable on October 25, 2025, to shareholders of record as of September 30, 2025.

How many branches does First Bancorp (FBNC) operate?

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

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

First Bancorp has total assets of $12.6 billion as reported in the announcement.

How long has First Bancorp (FBNC) been paying dividends?

First Bancorp has maintained a consistent track record of paying dividends on its common stock for over forty years.

What services does First Bancorp (FBNC) offer?

First Bancorp offers tailored banking services including best-in-class financial solutions, local expertise, technology for home and business management, and SBA loans through its nationwide network of lenders.