First Bancorp Announces Cash Dividend

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First Bancorp (FBNC) declares a cash dividend of $0.22 per share for shareholders, highlighting strong capital and liquidity despite industry challenges. The company's total assets amount to approximately $12 billion, with operations in North and South Carolina.

SOUTHERN PINES, N.C., March 15, 2024 /PRNewswire/ -- 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 $0.22 per share payable on April 25, 2024 to shareholders of record as of March 31, 2024.

Richard Moore, Chief Executive Officer of First Bancorp, stated, "2023 was a challenging year and your Company performed well, maintaining strong capital and liquidity despite the headwinds faced by the entire banking industry. We are pleased that our capital position allows us the opportunity to continue the level of cash dividend providing our shareholders with a valuable return on their investments."

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $12 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 118 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 cash dividend declared by First Bancorp (FBNC)?

First Bancorp has declared a cash dividend of $0.22 per share payable on April 25, 2024.

Where is First Bancorp (FBNC) headquartered?

First Bancorp is headquartered in Southern Pines, North Carolina.

How many branches does First Bank, owned by First Bancorp (FBNC), operate?

First Bank operates 118 branches in North Carolina and South Carolina.

What is the total assets value of First Bancorp (FBNC)?

First Bancorp has total assets of approximately $12 billion.

On which stock exchange is First Bancorp (FBNC) traded?

First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol 'FBNC.'