First Bancorp Announces Cash Dividend

Rhea-AI Summary

The Board of Directors of First Bancorp (NASDAQ - FBNC) has declared a cash dividend of $0.18 per share, payable on January 25, 2021, to shareholders of record as of December 31, 2020. This dividend rate matches the previous quarter's payment. First Bancorp, headquartered in Southern Pines, North Carolina, operates 101 branches primarily in North Carolina and South Carolina, with total assets of approximately $7.1 billion. The company also offers SBA loans through a national network of lenders.

Positive

• Dividend of $0.18 per share signals financial stability
• Consistent dividend rate reflects confidence in ongoing profitability

Negative

• None.

SOUTHERN PINES, N.C., Dec. 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 January 25, 2021 to shareholders of record as of December 31, 2020.  The $0.18 dividend rate is the same rate that was paid in the previous quarter.

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $7.1 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 for FBNC in January 2021?

First Bancorp has declared a cash dividend of $0.18 per share for January 2021.

When will the dividend for FBNC be paid?

The dividend will be payable on January 25, 2021.

What is the record date for the FBNC dividend?

The record date for the dividend is December 31, 2020.

How many branches does First Bancorp operate?

First Bancorp operates 101 branches in North Carolina and South Carolina.

What are First Bancorp's total assets?

First Bancorp has total assets of approximately $7.1 billion.