First Bancorp Announces Cash Dividend

Rhea-AI Summary

First Bancorp (NASDAQ - FBNC) has declared a quarterly cash dividend of $0.18 per share, payable on October 23, 2020, to shareholders on record as of September 30, 2020. This dividend remains unchanged from the previous quarter but signifies a 50% increase from the $0.12 per share paid in the same quarter of 2019. First Bancorp, located in Southern Pines, NC, controls total assets of around $6.9 billion and operates 101 branches across North and South Carolina.

Positive

• Quarterly dividend of $0.18 per share maintained.
• 50% increase from $0.12 dividend paid in Q3 2019.
• Total assets amount to approximately $6.9 billion.

Negative

• None.

News Market Reaction – FBNC

+0.67%

1 alert

+0.67% News Effect

On the day this news was published, FBNC gained 0.67%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SOUTHERN PINES, N.C., Sept. 15, 2020 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.18 per share payable on October 23, 2020 to shareholders of record as of September 30, 2020.  The $0.18 dividend rate is the same rate that was paid in the previous quarter and represents a 50% increase over the dividend rate of $0.12 paid in the comparable period of 2019.

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $6.9 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 101 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 dividend amount declared by First Bancorp (FBNC) for October 2020?

First Bancorp has declared a cash dividend of $0.18 per share for October 2020.

When will the dividend for First Bancorp (FBNC) be paid?

The dividend will be payable on October 23, 2020.

What date is the record date for First Bancorp's (FBNC) dividend?

The record date for the dividend is September 30, 2020.

How does the current dividend of First Bancorp (FBNC) compare to previous years?

The current dividend of $0.18 represents a 50% increase from $0.12 paid in the same quarter of 2019.