First Bancorp Declares Cash Dividend Enhancing Shareholder Returns

First Bancorp Declares Cash Dividend

First Bancorp, the parent company of First Bank, has made an important announcement regarding its commitment to shareholder returns. During their board meeting held recently, the decision to declare a cash dividend of $0.23 per share was finalized. This dividend is not only a sign of the company’s robust performance but also reflects their dedication to maximizing investor satisfaction.

Important Details

The cash dividend will be payable on January 25, 2026, to all shareholders on record as of December 31, 2025. This move is expected to provide additional value to investors, aligning with the company's continued focus on proactive financial management.

Richard Moore, the Chief Executive Officer of First Bancorp, expressed his satisfaction with the company’s financial health. He emphasized the significant increases in adjusted net income and earnings per share (EPS) during the third quarter. "We maintained robust capital and liquidity while ensuring that we deliver meaningful returns to our stakeholders," he stated.

First Bancorp and First Bank Overview

Founded in 1935, First Bancorp has established itself as a key player in the banking industry, headquartered in Southern Pines, North Carolina. As a bank holding company, it operates through its subsidiary, First Bank, which has an extensive network of 113 branches across North Carolina and South Carolina. With total assets amounting to $12.8 billion, First Bancorp is well-positioned to address the diverse needs of its customers.

First Bank differentiates itself by offering tailored banking solutions, emphasizing personal relationships and local expertise along with advanced technology for managing financial matters. Beyond traditional banking services, the bank also extends its reach by providing Small Business Administration (SBA) loans nationwide, highlighting its commitment to supporting local businesses.

Future Outlook

As First Bancorp prepares to distribute its dividend, the outlook for the company remains optimistic. The board’s decision to maintain dividend payments is a testament to the company's underlying strength and strategy. By focusing on enhancing shareholder value through consistent dividends, First Bancorp is positioning itself favorably in the competitive banking landscape.

Investors interested in more details about First Bancorp can visit their official website at LocalFirstBank.com.

In summary, First Bancorp’s latest dividend announcement is a strategic maneuver aimed at rewarding shareholders and reinforcing confidence in its financial stability. Stakeholders can look forward to receiving their dividends in January, further solidifying the company’s reputation and commitment to shareholder-centric growth.