First Bancorp Announces Cash Dividend

Rhea-AI Summary

First Bancorp (NASDAQ: FBNC) has declared a cash dividend of $0.20 per share, marking an 11.1% increase from the $0.18 dividend paid in the same period of 2020. This dividend is payable on October 25, 2021 to shareholders on record as of September 30, 2021. Headquartered in Southern Pines, North Carolina, First Bancorp operates First Bank with approximately $8.2 billion in total assets and 100 branches across North and South Carolina. The company also provides SBA loans nationwide.

Positive

• Dividend increased by 11.1% from last year, indicating strong financial performance.
• Total assets of approximately $8.2 billion reflect the company's stability and growth.

Negative

• None.

SOUTHERN PINES, N.C., Sept. 15, 2021 /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 $0.20 per share payable on October 25, 2021 to shareholders of record as of September 30, 2021.  The $0.20 dividend rate represents an 11.1% increase over the dividend rate of $0.18 paid in the comparable period of 2020.

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $8.2 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 100 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 First Bancorp (FBNC)?

The declared dividend amount is $0.20 per share.

When will the dividend for FBNC be paid?

The dividend will be payable on October 25, 2021.

What is the record date for FBNC's dividend?

The record date for the dividend is September 30, 2021.

How much has FBNC increased its dividend compared to last year?

First Bancorp increased its dividend by 11.1% from $0.18 to $0.20.

What is the financial status of First Bancorp?

First Bancorp has total assets of approximately $8.2 billion.