First Bancorp (NASDAQ: FBNC) declares $0.24 per-share cash dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
First Bancorp announced that its board of directors has declared a cash dividend of $0.24 per share on its common stock. The dividend will be paid on July 24, 2026 to shareholders who are on record as of June 30, 2026.
CEO Richard Moore noted that First Bancorp delivered solid financial results for the first quarter of 2026, citing expanding net interest margin, stable credit quality and ongoing expense controls as support for continuing cash dividends and disciplined capital management.
The company is a bank holding company headquartered in Southern Pines, North Carolina, with $12.9 billion in total assets and 113 branches across North Carolina and South Carolina through its subsidiary First Bank.
Positive
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Cash dividend per share: $0.24 per share
Dividend payable date: July 24, 2026
Dividend record date: June 30, 2026
+2 more
5 metrics
Cash dividend per share
$0.24 per share
Declared on common stock, payable July 24, 2026
Dividend payable date
July 24, 2026
Payment date for $0.24 cash dividend
Dividend record date
June 30, 2026
Shareholders of record eligible for dividend
Total assets
$12.9 billion
First Bancorp consolidated assets as stated in release
Branch count
113 branches
First Bank branches in North Carolina and South Carolina
Key Terms
cash dividend, shareholders of record, net interest margin, bank holding company, +1 more
5 terms
cash dividend financial
"has declared a cash dividend on its common stock of $0.24 per share"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
net interest margin financial
"through expanding net interest margin, stable credit quality and continued expense controls"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
bank holding company financial
"First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina"
A bank holding company is a parent corporation that owns one or more banks and other financial businesses, like a household that controls several shops under the same roof. Investors care because this structure determines how the business is regulated, how it raises capital, pays dividends, and absorbs losses; it can make a banking group safer or riskier and affects the value and liquidity of the company’s shares.
SBA loans financial
"First Bank also provides SBA loans to customers through its nationwide network of lenders"
SBA loans are small-business loans that carry a guarantee from the U.S. Small Business Administration, meaning the government promises to cover part of the lender’s loss if the borrower can’t repay. For investors, these loans matter because they make credit more available and less risky for small companies, which can support business growth and local economic activity—similar to a safety net that encourages banks to lend where they might otherwise be cautious.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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(Registrant’s telephone number, including area code)
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(Former Name or Former Address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
First Bancorp
INDEX
| Page | |||||
| Item 8.01 – Other Events | 3 | ||||
| Item 9.01 – Financial Statements and Exhibits | 3 | ||||
| Signatures | 4 | ||||
Exhibit 99.1 – News Release dated June 12, 2026 | 5 | ||||
2
Item 8.01 – Other Events
On June 12, 2026, First Bancorp (the "Company") issued a news release to announce a cash dividend.
The Company reported that its board of directors had declared a cash dividend of $0.24 per share on its common stock payable on July 24, 2026 to shareholders of record as of June 30, 2026.
Item 9.01 – Financial Statements and Exhibits
Exhibit 99.1 – News Release dated June 12, 2026
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| FIRST BANCORP | ||||||||||||||||||||
| June 12, 2026 | By: | /s/ Richard H. Moore | ||||||||||||||||||
| Richard H. Moore | ||||||||||||||||||||
| Chief Executive Officer | ||||||||||||||||||||
4
News Release
| For Immediate Release: | For More Information, | |||||||||||||
| June 12, 2026 | Contact: Katie Doyle | |||||||||||||
| 336-286-8741 | ||||||||||||||
First Bancorp Announces Cash Dividend
Southern Pines, NC, June 12, 2026 - 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 $0.24 per share payable on July 24, 2026 to shareholders of record as of June 30, 2026.
Richard Moore, Chief Executive Officer of First Bancorp, stated, “First Bancorp delivered solid financial results for the first quarter of 2026, through expanding net interest margin, stable credit quality and continued expense controls. We remain committed to disciplined capital management and delivering consistent value to our shareholders, and we are pleased to continue providing cash dividends.”
First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.9 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.
FAQ
What dividend did First Bancorp (FBNC) declare in June 2026?
First Bancorp declared a cash dividend of $0.24 per share on its common stock. The dividend reflects the board’s decision to return cash to shareholders while the company reports solid first-quarter 2026 results and maintains disciplined capital management.
When is First Bancorp’s $0.24 dividend payable and what is the record date?
The $0.24 per-share dividend is payable on July 24, 2026 to shareholders of record as of June 30, 2026. Investors must be on the company’s books on the record date to receive the announced cash dividend.
What reasons did First Bancorp give for continuing its cash dividend?
First Bancorp cited solid first-quarter 2026 results, including expanding net interest margin, stable credit quality and continued expense controls. Management emphasized disciplined capital management and a commitment to delivering consistent value to shareholders as support for maintaining cash dividends.
How large is First Bancorp (FBNC) based on this announcement?
First Bancorp reported total assets of $12.9 billion. The company operates as a bank holding company for First Bank, a community bank with 113 branches across North Carolina and South Carolina, offering tailored banking and SBA lending services.
What business does First Bancorp conduct through First Bank?
First Bancorp’s principal activity is owning and operating First Bank, a state-chartered community bank with 113 branches. First Bank provides consumer and business banking services, tailored financial solutions and SBA loans through a nationwide network of lenders.