First Bancorp Announces Cash Dividend

Rhea-AI Summary

First Bancorp (NASDAQ: FBNC) declared a cash dividend of $0.24 per common share, payable on July 24, 2026 to shareholders of record on June 30, 2026.

According to the company, first quarter 2026 featured expanding net interest margin, stable credit quality and continued expense controls, supporting its focus on disciplined capital management and ongoing shareholder value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Cash dividend of $0.24 per common share declared
• Dividend payable July 24, 2026 to shareholders of record on June 30, 2026
• Management highlights expanding net interest margin and stable credit quality in Q1 2026

Negative

• None.

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On the day this news was published, FBNC gained 0.78%, reflecting a mild positive market reaction.

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SOUTHERN PINES, N.C., June 12, 2026 /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 $0.24 per share payable on July 24, 2026 to shareholders of record as of June 30, 2026.

Richard Moore, Chief Executive Officer of First Bancorp, stated, "First Bancorp delivered solid financial results for the first quarter of 2026, through expanding net interest margin, stable credit quality and continued expense controls. We remain committed to disciplined capital management and delivering consistent value to our shareholders, and we are pleased to continue providing cash dividends."

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.9 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-bancorp-announces-cash-dividend-302790174.html

SOURCE First Bancorp

FAQ

What cash dividend did First Bancorp (NASDAQ: FBNC) declare on June 12, 2026?

First Bancorp declared a cash dividend of $0.24 per share on its common stock. According to First Bancorp, the dividend will be paid on July 24, 2026 to shareholders of record as of June 30, 2026, providing direct cash returns to investors.

When are the record date and payment date for First Bancorp's July 2026 FBNC dividend?

The record date is June 30, 2026, and the payment date is July 24, 2026. According to First Bancorp, shareholders who own FBNC shares on the June 30 record date will be eligible to receive the $0.24 per share cash dividend on the July payment date.

What does First Bancorp's $0.24 cash dividend mean for FBNC shareholders?

The $0.24 per share cash dividend provides immediate income to FBNC shareholders. According to First Bancorp, the company remains committed to disciplined capital management and delivering consistent value, and it is pleased to continue providing cash dividends as part of that shareholder-focused strategy.

How did First Bancorp describe its financial performance for Q1 2026?

Management described first quarter 2026 results as solid, supported by key metrics. According to First Bancorp, the quarter featured expanding net interest margin, stable credit quality and continued expense controls, which underpin its ability to manage capital and continue paying cash dividends to shareholders.

How large is First Bancorp and where does First Bank operate its branches?

First Bancorp reported total assets of $12.9 billion and operates through First Bank. According to First Bancorp, First Bank is a state-chartered community bank with 113 branches across North Carolina and South Carolina, and it also provides SBA loans via a nationwide lender network.

What type of banking services does First Bancorp's First Bank subsidiary provide?

First Bank offers community banking services with a tailored approach for homes and businesses. According to First Bancorp, the bank combines best-in-class financial solutions, local expertise and technology, and also provides SBA loans to customers nationwide through its network of Small Business Administration lenders.