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First Bancorp Announces Cash Dividend

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First Bancorp (NASDAQ: FBNC), the parent company of First Bank, has declared a cash dividend of $0.22 per share on its common stock, payable on October 25, 2024 to shareholders of record as of September 30, 2024. CEO Richard Moore cited the company's strong performance in Q2 2024, highlighting improved liquidity, solid capital growth, and continued strong credit quality. First Bancorp, headquartered in Southern Pines, North Carolina, has total assets of $12.1 billion and operates 113 branches across North and South Carolina. The company provides tailored banking services, including SBA loans, through its nationwide network of lenders.

First Bancorp (NASDAQ: FBNC), la società madre di First Bank, ha dichiarato un dividendo in contante di $0,22 per azione sulle sue azioni ordinarie, che sarà pagato il 25 ottobre 2024 agli azionisti registrati al 30 settembre 2024. Il CEO Richard Moore ha citato il forte rendimento nel Q2 2024, evidenziando il miglioramento della liquidità, una solida crescita del capitale e una continua qualità del credito elevata. First Bancorp, con sede a Southern Pines, Carolina del Nord, ha attivi totali di $12,1 miliardi e opera in 113 filiali in Carolina del Nord e del Sud. La società offre servizi bancari su misura, inclusi prestiti SBA, attraverso la sua rete nazionale di prestatori.

First Bancorp (NASDAQ: FBNC), la empresa matriz de First Bank, ha declarado un dividendo en efectivo de $0.22 por acción sobre sus acciones comunes, que se pagará el 25 de octubre de 2024 a los accionistas registrados hasta el 30 de septiembre de 2024. El CEO Richard Moore citó el fuerto rendimiento en el Q2 de 2024, destacando la mejora en la liquidez, el sólido crecimiento del capital y la continua alta calidad crediticia. First Bancorp, con sede en Southern Pines, Carolina del Norte, tiene activos totales de $12.1 mil millones y opera 113 sucursales en Carolina del Norte y del Sur. La empresa ofrece servicios bancarios a medida, incluidos préstamos SBA, a través de su red de prestamistas a nivel nacional.

퍼스트 뱅크(First Bank)의 모회사인 퍼스트 뱅코프(First Bancorp)(NASDAQ: FBNC)는 주당 $0.22의 현금 배당금을 선언했으며, 이는 2024년 10월 25일2024년 9월 30일 기준 주주에게 지급됩니다. CEO 리차드 무어는 2024년 2분기 강력한 실적을 인용하며 유동성 개선, 견고한 자본 성장 및 지속적인 높은 신용 품질을 강조했습니다. 노스캐롤라이나주 서던파인즈에 본사를 두고 있는 퍼스트 뱅코프는 총 자산이 $121억에 달하며 노스캐롤라이나주와 사우스캐롤라이나주에 걸쳐 113개의 지점을 운영하고 있습니다. 이 회사는 SBA 대출을 포함한 맞춤형 은행 서비스를 전국 대출자 네트워크를 통해 제공합니다.

First Bancorp (NASDAQ: FBNC), la société mère de First Bank, a déclaré un dividende en espèces de 0,22 $ par action sur ses actions ordinaires, payable le 25 octobre 2024 aux actionnaires inscrits au 30 septembre 2024. Le PDG Richard Moore a souligné la forte performance au T2 2024, mettant en avant l'amélioration de la liquidité, une solide croissance du capital et une qualité de crédit toujours solide. First Bancorp, dont le siège est à Southern Pines, en Caroline du Nord, a des actifs totaux de 12,1 milliards de dollars et exploite 113 agences à travers les Carolines du Nord et du Sud. L'entreprise propose des services bancaires sur mesure, y compris des prêts SBA, à travers son réseau national de prêteurs.

First Bancorp (NASDAQ: FBNC), die Muttergesellschaft der First Bank, hat eine Bardividende von $0.22 pro Aktie auf ihre Stammaktien deklariert, die am 25. Oktober 2024 an die Aktionäre ausgezahlt wird, die am 30. September 2024 im Aktienregister stehen. CEO Richard Moore nannte die starke Leistung im Q2 2024 und hob die verbesserte Liquidität, das solide Kapitalwachstum und die weiterhin hohe Kreditqualität hervor. First Bancorp mit Hauptsitz in Southern Pines, North Carolina, hat Gesamtvermögen von $12,1 Milliarden und betreibt 113 Filialen in Nord- und Südkarolina. Das Unternehmen bietet maßgeschneiderte Bankdienstleistungen, einschließlich SBA-Darlehen, über sein nationales Netzwerk von Kreditgebern an.

Positive
  • Declared cash dividend of $0.22 per share
  • Strong Q2 2024 performance with improved liquidity
  • Solid capital growth reported
  • Continued strong credit quality
  • Total assets of $12.1 billion
  • Operates 113 branches across North and South Carolina
Negative
  • None.

SOUTHERN PINES, N.C., Sept. 13, 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 October 25, 2024 to shareholders of record as of September 30, 2024. 

Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our company had a strong performance during the second quarter of 2024 with improved liquidity, solid capital growth and continued strong credit quality. We are pleased that our financial performance and capital position allow us to continue distributing 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 $12.1 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 113 branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bank also provides SBA loans to customers through its nationwide network of lenders.

Please visit our website at www.LocalFirstBank.com for more information.

First Bancorp's common stock is traded on The NASDAQ Global Select Market under the symbol "FBNC." Member FDIC, Equal Housing Lender.

Corporate holding logo (PRNewsfoto/First Bancorp)

 

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SOURCE First Bancorp

FAQ

What is the amount of First Bancorp's (FBNC) latest cash dividend?

First Bancorp (FBNC) has declared a cash dividend of $0.22 per share on its common stock.

When will First Bancorp (FBNC) pay its latest dividend?

First Bancorp (FBNC) will pay its latest dividend on October 25, 2024 to shareholders of record as of September 30, 2024.

How did First Bancorp (FBNC) perform in Q2 2024?

First Bancorp (FBNC) reported strong performance in Q2 2024, with improved liquidity, solid capital growth, and continued strong credit quality.

What are First Bancorp's (FBNC) total assets as of September 2024?

As of September 2024, First Bancorp (FBNC) reported total assets of $12.1 billion.

How many branches does First Bancorp (FBNC) operate?

First Bancorp (FBNC) operates 113 branches across North Carolina and South Carolina.

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SOUTHERN PINES