First Bancorp Declares Cash Dividend, Continuing a 40-Year Tradition
In a significant update for investors, First Bancorp (NASDAQ: FBNC), the holding company for First Bank, has officially declared a cash dividend of $0.23 per share. This dividend is set to be paid on October 25, 2025, to shareholders recorded by September 30, 2025. This announcement was made by Richard Moore, the Chief Executive Officer of First Bancorp, who emphasized the company's ongoing commitment to serving its customers while maintaining strong capital and liquidity positions amidst stable credit quality.
First Bancorp boasts a robust total asset portfolio of approximately $12.6 billion. With over 113 branches spread across North Carolina and South Carolina, First Bank, the community bank under the First Bancorp umbrella, has been dedicated to providing a customized banking experience since 1935. Richard Moore stated, "For over forty years, we have paid dividends on our common stock and we are committed to providing a valuable return on investment to our shareholders." This statement reflects the bank’s historical consistency in returning profits to its investors, which is a reassuring sign for current and prospective shareholders alike.
Operating as a state-chartered community bank, First Bank’s strategy focuses not just on financial services, but also on the importance of local expertise and technological innovation. The bank has diversified its offerings with services like Small Business Administration (SBA) loans, facilitated through a nationwide lending network that demonstrates its commitment to supporting local businesses.
The division of such dividends stands as a testament to the solid financial foundation and strategic decisions made by the Board of Directors. They have tactically leveraged the bank's strengths and market position to yield consistent profits, even through economic fluctuations.
Investors looking to engage with First Bancorp can trade their common stock on the NASDAQ under the symbol "FBNC." Given its long history and track record, First Bancorp continues to illustrate a future oriented towards growth and sustainability in the banking sector. More information regarding First Bancorp and its services can be found by visiting their official website at www.LocalFirstBank.com. As a member of FDIC and an Equal Housing Lender, First Bancorp strives to maintain transparency and trust with its customers and investors alike, reflecting its outstanding service with strong earnings performance and shareholder value creation.
In anticipation of the upcoming dividend payment, shareholders are encouraged to ensure their records are accurate by the end of September. This cash dividend is not only a reflection of the company's strong operational performance but also an affirmation of its long-standing tradition of rewarding shareholders.
As First Bancorp moves forward, it remains committed to its mission of offering thoughtful financial solutions, showcasing its ongoing innovations in community banking, while ensuring investor satisfaction through disciplined financial strategies and consistent dividend payouts. This positioning not only strengthens its standing in the financial services industry, but also reinforces its relationship with clients and stakeholders, ultimately helping to foster a resilient and trusting banking environment.
First Bancorp boasts a robust total asset portfolio of approximately $12.6 billion. With over 113 branches spread across North Carolina and South Carolina, First Bank, the community bank under the First Bancorp umbrella, has been dedicated to providing a customized banking experience since 1935. Richard Moore stated, "For over forty years, we have paid dividends on our common stock and we are committed to providing a valuable return on investment to our shareholders." This statement reflects the bank’s historical consistency in returning profits to its investors, which is a reassuring sign for current and prospective shareholders alike.
Operating as a state-chartered community bank, First Bank’s strategy focuses not just on financial services, but also on the importance of local expertise and technological innovation. The bank has diversified its offerings with services like Small Business Administration (SBA) loans, facilitated through a nationwide lending network that demonstrates its commitment to supporting local businesses.
The division of such dividends stands as a testament to the solid financial foundation and strategic decisions made by the Board of Directors. They have tactically leveraged the bank's strengths and market position to yield consistent profits, even through economic fluctuations.
Investors looking to engage with First Bancorp can trade their common stock on the NASDAQ under the symbol "FBNC." Given its long history and track record, First Bancorp continues to illustrate a future oriented towards growth and sustainability in the banking sector. More information regarding First Bancorp and its services can be found by visiting their official website at www.LocalFirstBank.com. As a member of FDIC and an Equal Housing Lender, First Bancorp strives to maintain transparency and trust with its customers and investors alike, reflecting its outstanding service with strong earnings performance and shareholder value creation.
In anticipation of the upcoming dividend payment, shareholders are encouraged to ensure their records are accurate by the end of September. This cash dividend is not only a reflection of the company's strong operational performance but also an affirmation of its long-standing tradition of rewarding shareholders.
As First Bancorp moves forward, it remains committed to its mission of offering thoughtful financial solutions, showcasing its ongoing innovations in community banking, while ensuring investor satisfaction through disciplined financial strategies and consistent dividend payouts. This positioning not only strengthens its standing in the financial services industry, but also reinforces its relationship with clients and stakeholders, ultimately helping to foster a resilient and trusting banking environment.
Topics Financial Services & Investing）
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