State Street reports 5% stake in First Bancorp
First Bancorp/Southern Pines reports that State Street Corporation beneficially owns 2,074,716 shares of common stock, representing 5% of the class as reported.
Rhea-AI Filing Summary
First Bancorp/Southern Pines reports that State Street Corporation beneficially owns 2,074,716 shares of common stock, representing 5% of the class as reported. The filing states shared voting power of 291,077 shares and shared dispositive power of 2,074,716 shares. The schedule lists related State Street investment-adviser subsidiaries and is signed by Elizabeth Schaefer as Senior Vice President and Chief Accounting Officer on 05/12/2026.
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Insights
Large passive holder reports a 5% beneficial stake via State Street entities.
State Street Corporation reports beneficial ownership of 2,074,716 shares or 5% of the class, with voting and dispositive rights allocated as shared power in the filing. The schedule identifies multiple State Street adviser subsidiaries as the acquiring entities.
Ownership is presented as passive/agent holdings typical of asset managers; cash-flow treatment and trading intent are not disclosed. Subsequent filings would show any changes in position.
Filing clarifies voting/dispositive split and lists affiliated advisory entities.
The form discloses 291,077 shared voting power and 2,074,716 shared dispositive power, indicating the holder exercises investment authority through multiple State Street entities. Item 6 is marked not applicable, with no third-party beneficiary over 5% identified.
Classification and subsidiary list are included; the filing does not state any group dissolution or secondary parties having dividend/proceeds rights.
Key Figures
Key Terms
Schedule 13G regulatory
Beneficially owned regulatory
CUSIP technical
FAQ
What stake does State Street report in FIRST BANCORP (FBNC)?
How much voting power does State Street have in FBNC?
Who signed the Schedule 13G for State Street's FBNC filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.