First Bancorp (NASDAQ: FBNC) boosts cash dividend to $0.24
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
First Bancorp announced that its board of directors has declared a cash dividend of $0.24 per share on its common stock, payable on April 27, 2026 to shareholders of record as of March 31, 2026. This delivers direct cash returns to current equity holders on that record date.
Chief Executive Officer Richard Moore said the decision reflects strong fourth-quarter financial performance, with solid capital and liquidity positions and stable credit quality, and highlighted meaningful growth in adjusted net income and adjusted EPS. First Bancorp, headquartered in Southern Pines, North Carolina, reports total assets of $12.7 billion and operates 113 First Bank branches across North and South Carolina, along with a nationwide SBA lending platform.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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First Bancorp
INDEX
| Page | |||||
| Item 8.01 – Other Events | 3 | ||||
| Item 9.01 – Financial Statements and Exhibits | 3 | ||||
| Signatures | 4 | ||||
Exhibit 99.1 – News Release dated March 13, 2026 | 5 | ||||
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Item 8.01 – Other Events
On March 13, 2026, First Bancorp (the "Company") issued a news release to announce a cash dividend.
The Company reported that its board of directors had declared a cash dividend of $0.24 per share on its common stock payable on April 27, 2026 to shareholders of record as of March 31, 2026.
Item 9.01 – Financial Statements and Exhibits
Exhibit 99.1 – News Release dated March 13, 2026
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| FIRST BANCORP | ||||||||||||||||||||
| March 13, 2026 | By: | /s/ Richard H. Moore | ||||||||||||||||||
| Richard H. Moore | ||||||||||||||||||||
| Chief Executive Officer | ||||||||||||||||||||
4
News Release
| For Immediate Release: | For More Information, | |||||||||||||
| March 13, 2026 | Contact: Katie Doyle | |||||||||||||
| 336-286-8741 | ||||||||||||||
First Bancorp Announces Cash Dividend
Southern Pines, NC, March 13, 2026 - 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 April 27, 2026 to shareholders of record as of March 31, 2026.
Richard Moore, Chief Executive Officer of First Bancorp, stated, “During the fourth quarter, we had strong financial performance, supported by solid capital and liquidity positions and stable credit quality. We delivered meaningful growth in adjusted net income and adjusted EPS while maintaining disciplined balance sheet management. In conjunction with our commitment to return capital to our shareholders, we are pleased to increase the level of cash dividends.”
First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.7 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.
FAQ
What dividend did First Bancorp (FBNC) announce in this 8-K?
First Bancorp declared a cash dividend of $0.24 per share. The dividend applies to its common stock and reflects the board’s decision to return cash to shareholders, supported by what management describes as strong recent financial performance and stable capital, liquidity, and credit quality.
When is the record date and payment date for First Bancorp (FBNC) dividend?
The record date is March 31, 2026 and payment date is April 27, 2026. Shareholders listed as of March 31, 2026 will be eligible to receive the $0.24 per share cash dividend, which will be distributed on April 27, 2026.
How did First Bancorp (FBNC) describe its recent financial performance?
First Bancorp cited strong fourth-quarter financial performance. Management highlighted solid capital and liquidity positions, stable credit quality, and meaningful growth in adjusted net income and adjusted EPS, which supported the board’s decision to increase the level of cash dividends to shareholders.
What is the size and footprint of First Bancorp (FBNC)?
First Bancorp reported total assets of $12.7 billion. The company’s principal subsidiary, First Bank, operates 113 branches across North Carolina and South Carolina and also offers SBA loans through a nationwide lender network, reflecting a sizable regional community banking presence.
On which exchange is First Bancorp (FBNC) common stock traded?
First Bancorp’s common stock trades on the NASDAQ Global Select Market. The shares are listed under the trading symbol “FBNC,” giving investors access to the company’s stock through a major U.S. electronic marketplace focused on established, higher-standard issuers.
What rationale did management give for increasing First Bancorp (FBNC) dividends?
Management linked the higher dividend to strong fundamentals and capital return goals. CEO Richard Moore referenced strong quarterly results, solid capital and liquidity, stable credit quality, and the company’s commitment to returning capital as reasons for raising the cash dividend level.