FIRST BANK APPOINTS ANDY SCOTT AS TRIANGLE REGIONAL EXECUTIVE

(Neutral)

Rhea-AI Summary

First Bank (NASDAQ: FBNC) appointed Andy Scott as Triangle Regional Executive on April 30, 2026. Scott brings 25+ years of banking experience and 15+ years in senior leadership to lead growth, commercial banking, and client engagement across the Triangle.

The bank operates 113 branches with approximately $12.9 billion in total assets and says this hire supports local expansion and deeper community relationships.

News Market Reaction – FBNC

+0.45%

+0.45% News Effect

On the day this news was published, FBNC gained 0.45%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds another piece to FBNC’s recent leadership and governance evolution, placing a...

Analysis

This announcement adds another piece to FBNC’s recent leadership and governance evolution, placing an experienced executive over the Triangle region while the bank operates with $12.9 billion in assets and 113 branches. In context with strong Q1 results and board-level changes, it reinforces an emphasis on local market depth and management bench strength. Investors may watch how commercial loan growth, client acquisition in the Triangle, and future leadership disclosures develop alongside existing capital and dividend policies.

Key Figures

Banking experience: more than 25 years Senior leadership tenure: 15+ years Total assets: $12.9 billion +5 more

8 metrics

Banking experience more than 25 years Andy Scott’s banking career length

Senior leadership tenure 15+ years Andy Scott’s time in senior leadership roles

Total assets $12.9 billion First Bank total assets in article

Branches 113 branches First Bank locations in NC and SC

Founding year 1935 Year since which First Bank has operated

Current price $57.48 FBNC price prior to the news

52-week high $62.64 Pre-news 52-week high level

52-week low $39.88 Pre-news 52-week low level

Historical Context

5 past events · Latest: Apr 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 22	Earnings release	Positive	+3.0%	Strong Q1 2026 earnings with higher EPS, NIM expansion, and solid asset quality.
Apr 7	Leadership hire	Positive	-0.9%	Appointed leader to oversee specialty businesses and support growth initiatives.
Mar 23	Industry ranking	Positive	+2.8%	Ranked #14 among U.S. public banks over $10B in assets for 2025 performance.
Mar 13	Dividend announcement	Positive	-0.9%	Declared $0.24 per share cash dividend citing strong performance and capital.
Feb 13	Governance update	Positive	+1.8%	CEO elected Class A Director of the Federal Reserve Bank of Richmond.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive fundamentals and reputation news often see aligned gains, but leadership and capital actions sometimes face modest negative reactions.

Recent Company History

Over the past few months, FBNC has reported strong fundamentals and multiple leadership and recognition milestones. Q1 2026 earnings delivered net income of $46.7M and diluted EPS of $1.13, with higher net interest margin and solid asset quality. The company increased its cash dividend to $0.24 per share and received a #14 ranking among U.S. public banks with over $10B in assets. Several leadership updates, including executive appointments and the CEO’s election to the Richmond Fed board, highlight a continuing focus on governance and growth, providing context for today’s regional executive hire.

Key Terms

nasdaq global select market, member fdic, equal housing lender, state-chartered

4 terms

nasdaq global select market financial

"First Bancorp's common stock is traded on the NASDAQ Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

member fdic regulatory

"Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender."

A “Member FDIC” is a bank or savings institution that participates in the U.S. federal deposit insurance program, meaning customer deposits up to the insured limit are protected if the bank fails. For investors and savers this matters because it lowers the risk of losing cash held at that institution and signals that the bank is subject to federal oversight and safety rules—think of it like a backup guarantee on money kept in an account.

equal housing lender regulatory

"Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender."

A lender who uses the phrase or logo “Equal Housing Lender” is signaling compliance with U.S. fair‑housing and anti‑discrimination rules that require mortgage and housing-related credit decisions to be based on financial factors, not race, gender, national origin, disability or similar traits. For investors, that label matters because it indicates the institution is managing legal and reputational risk associated with discriminatory lending; compliance helps protect a lender’s ability to originate loans, maintain regulatory standing and avoid costly fines or lawsuits — similar to a restaurant displaying health inspection compliance to reassure patrons and regulators.

state-chartered regulatory

"As a state-chartered community-focused bank, First Bank operates 113 bank branches"

A state-chartered company—most often a bank—has its legal license to operate granted by a state government rather than the federal government. That matters to investors because the choice of charter affects which regulators set rules, what kinds of activities and geographic reach are allowed, and how oversight and exit options work; think of it like a business with a local permit versus a national license, which can change costs, risks and growth opportunities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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04/30/2026 - 08:00 AM

SOUTHERN PINES, N.C., April 30, 2026 /PRNewswire/ -- First Bank, a subsidiary of First Bancorp (NASDAQ: FBNC), has appointed Andy Scott as Triangle Regional Executive. Andy brings more than 25 years of banking experience and a strong track record of leadership across North Carolina to the role. He will lead the bank's growth and client engagement efforts throughout the Triangle, with a focus on delivering an elevated commercial banking experience and deepening community relationships.

"We're thrilled to welcome Andy to the First Bank team," said Adam Currie, CEO of First Bank. "His deep expertise in commercial banking and proven ability to build lasting client relationships make him the ideal leader to expand our presence in the Triangle. Andy's commitment to both excellence and community align perfectly with our values and vision for growth."

Prior to joining First Bank, Andy served as Regional Executive for Southern Bank, where he led teams across both the Triangle and Cape Fear markets. Over the course of his career, he has spent 15+ years in senior leadership roles, building high-performing teams, and guiding clients through complex financial decisions with a relationship-first approach.

He holds a Bachelor of Science in Business Administration from the University of North Carolina at Chapel Hill, an MBA from East Carolina University, and is a graduate of the Graduate School of Banking at Louisiana State University.

A native of Moore County, Andy resides in Raleigh with his wife and their three sons.

This appointment signals First Bank's ongoing investment in both people and place—strengthening our ability to serve the Triangle's evolving business landscape with depth, agility, and local insight.

First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.9 billion. As a state-chartered community-focused bank, First Bank operates 113 bank branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions and helpful local expertise to help our customers achieve their dreams. First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC." Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender.

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-bank-appoints-andy-scott-as-triangle-regional-executive-302756050.html

SOURCE First Bank

FAQ

Who is Andy Scott and what is his role at First Bank (FBNC)?

Andy Scott is the newly appointed Triangle Regional Executive at First Bank, responsible for regional growth and client engagement. According to First Bank, he has over 25 years of banking experience and 15+ years in senior leadership roles across North Carolina.

When did First Bank (FBNC) announce Andy Scott's appointment as Triangle Regional Executive?

First Bank announced the appointment on April 30, 2026, naming Andy Scott Triangle Regional Executive. According to First Bank, he will lead commercial banking and community relationship efforts across the Triangle market.

How does Andy Scott's appointment affect First Bank's presence in the Triangle (FBNC)?

The appointment is intended to strengthen First Bank's Triangle market leadership and client coverage. According to First Bank, Scott will focus on commercial banking growth and deepening community relationships across the region.

What experience and education does Andy Scott bring to First Bank (FBNC)?

Scott brings over 25 years in banking, including senior regional leadership roles and team-building experience. According to First Bank, he holds a BS in Business Administration, an MBA, and completed the Graduate School of Banking at LSU.

Where can investors find more information about First Bank's (FBNC) operations and branch footprint?

First Bank reports it operates 113 branches and holds approximately $12.9 billion in total assets. According to First Bank, more details are available on the company's website and investor relations channels.