First Bancorp Increases Dividend Payout: A Strong Indicator of Financial Health

First Bancorp Announces Increased Cash Dividend



Southern Pines, N.C., June 13, 2025 - First Bancorp, the parent company of First Bank, has officially declared a cash dividend increase from $0.22 to $0.23 per share, payable on July 25, 2025, for shareholders on record by June 30, 2025. This announcement was made by the Company’s Board of Directors, reflecting a positive outlook and financial strength amidst current market conditions.

Strong Q1 Performance


Richard Moore, Chief Executive Officer of First Bancorp, expressed his satisfaction with the company’s performance in the first quarter, highlighting continued momentum in net income and earnings per share (EPS). Moore commented on the solid credit quality the bank has maintained, alongside adequate capital and liquidity positions. The decision to increase dividends underscores First Bancorp’s commitment to returning capital to its shareholders, a key aspect of their financial strategy.

Overview of First Bancorp


Founded in 1935, First Bancorp operates the First Bank brand, which is a state-chartered community bank with a reaching presence of 113 branches across North Carolina and South Carolina. With total assets of approximately $12.4 billion, First Bank focuses on providing tailored banking solutions combining financial expertise with cutting-edge technology. They not only serve individual customers but also provide Small Business Administration (SBA) loans through a nationwide network, aiding small businesses in obtaining necessary funding and support.

As part of their mission, First Bank continues to emphasize the importance of community engagement, aiming to meet both personal and business banking needs effectively. The combination of local expertise with best-in-class financial solutions has positioned First Bank as a trusted option for banking.

Financial Market Presence


First Bancorp trades on the NASDAQ Global Select Market under the ticker symbol “FBNC,” reflecting an active role in the financial services sector. The recent dividend hike has drawn attention from investors, indicating confidence in the Company’s operational strategies and growth potential.

The relationship to shareholders remains a priority, with ongoing efforts to ensure financial viability and growth. With their focus on local services, First Bank seeks to enhance its presence while delivering added value to customers.

To discover more about First Bancorp and its array of services, interested parties can visit their website at LocalFirstBank.com.

First Bancorp Members are assured of the company's commitment to maintaining industry standards as an FDIC member and equal housing lender. As changes unfold in the financial landscape, First Bancorp is poised to navigate through with resilience and strategic foresight.

Stay tuned for further updates on First Bancorp and its ongoing initiatives as they continue to prioritize shareholder value and community engagement.

Topics Financial Services & Investing)

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