Dimensional Fund Advisors LP reported ownership of 1,986,640 shares of First Bancorp/Southern Pines NC common stock, representing 4.8% of the class. Dimensional states these shares are owned by client funds it advises and that it disclaims beneficial ownership while noting it may possess voting and/or investment power over the holdings. The filing shows sole voting power for 1,933,674 shares and sole dispositive power for 1,986,640 shares. The statement is presented on a Schedule 13G/A and certifies the holdings were acquired in the ordinary course of business and not to influence control of the issuer.
Positive
Clear disclosure of the exact share count (1,986,640) and percentage (4.8%)
Certification that holdings were acquired in the ordinary course and not to influence control
Distinction between voting power (1,933,674) and dispositive power (1,986,640) is explicitly provided
Negative
Below 5% threshold means limited regulatory impact but less signaling of strategic intent
Beneficial ownership disclaimed, which reduces clarity on actual economic exposure by Dimensional itself
Insights
Passive institutional stake of 4.8% held via client funds, with near-total sole voting control.
Dimensional reports 1,986,640 shares (4.8%) held on behalf of its Funds and disclaims beneficial ownership because the securities are owned by those Funds. The filing differentiates voting power (1,933,674) from dispositive power (1,986,640), indicating practical control over voting for most shares.
Dependencies include continued holdings by the underlying Funds and any changes in fund allocations; a material shift above 5.0% would require different reporting. Monitor quarterly holdings and any Form 13D filings for changes in intent or concentration within the Funds over the next 3-6 months.
Filing follows Schedule 13G/A disclosure path for passive investors and cites ordinary-course certification.
The statement is filed under Schedule 13G/A with a certification that the shares were acquired and are held in the ordinary course of business and not to influence control. The filing explicitly identifies the filer as an investment adviser and discloses the relationship between Dimensional and the Funds holding the securities.
Key compliance points are the 4.8% threshold (below 5%) and the explicit disclaimer of beneficial ownership; any future aggregation pushing holdings above 5% would change filing obligations and potentially the classification of the stake. Watch subsequent amendments or Form 13D/13G updates within 3 months.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
First Bancorp/Southern Pines NC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
318910106
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
318910106
1
Names of Reporting Persons
Dimensional Fund Advisors LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,933,674.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,986,640.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,986,640.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.8 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
First Bancorp/Southern Pines NC
(b)
Address of issuer's principal executive offices:
300 Southwest Main Street, Southern Pines, NC 28387
Item 2.
(a)
Name of person filing:
Dimensional Fund Advisors LP
(b)
Address or principal business office or, if none, residence:
6300 Bee Cave Road, Building One, Austin, TX 78746
(c)
Citizenship:
Delaware Limited Partnership
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
318910106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,986,640 ** see Note 1 **
** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in this schedule are owned by the Funds. Dimensional disclaims beneficial ownership of such securities. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934.
(b)
Percent of class:
4.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,933,674** see Note 1 **
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,986,640** see Note 1 **
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Funds described in Note 1 above have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities held in their respective accounts. To the knowledge of Dimensional, the interest of any one such Fund does not exceed 5% of the class of securities. Dimensional Fund Advisors LP disclaims beneficial ownership of all such securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Dimensional Fund Advisors LP report in First Bancorp (FBNC)?
Dimensional reports ownership of 1,986,640 shares, representing 4.8% of the common stock.
Does Dimensional claim beneficial ownership of the FBNC shares?
No. Dimensional states the shares are owned by client Funds and disclaims beneficial ownership while noting it may exercise voting or investment power.
How much voting power does Dimensional report for FBNC?
The filing shows sole voting power for 1,933,674 shares and sole dispositive power for 1,986,640 shares.
Under which form was this ownership disclosed?
The position was disclosed on a Schedule 13G/A, filed by an investment adviser under the applicable rules for passive holdings.
Would Dimensional need to change filings if its stake grows?
Yes. If holdings exceed 5.0% of the class, reporting status and form requirements could change, potentially requiring a different filing classification.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
You have made too many password recovery requests. Please try again tomorrow.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
