#United States #Cash Dividend #Southern Pines #First Bancorp #First Bank

First Bancorp Declares Cash Dividend

On September 15, 2026, First Bancorp, operating under the NASDAQ symbol FBNC, announced its declaration of a cash dividend of $0.24 per share for its common stock. This dividend is set to be distributed on October 23, 2026, to all shareholders recorded as of September 30, 2026. The Board of Directors, under the leadership of Richard Moore, expressed confidence in the financial stability and ongoing success of the company amid changing market conditions.

Richard Moore, the Chief Executive Officer of First Bancorp, pointed out that the company's performance in the second quarter of 2026 reflected robust financial health and commendable credit quality. Emphasizing a disciplined methodology in managing both the company’s balance sheet and operational expenses, Moore underscored the company’s unwavering commitment to maximizing shareholder value. He reiterated, "Our continued practice of providing cash dividends underlines our focus on long-term value for our shareholders."

First Bancorp is a prominent bank holding company headquartered in the quaint town of Southern Pines, North Carolina. Notably, it governs the operations of First Bank, which has established a substantial presence with 113 branches across North Carolina and South Carolina. Over its years of operation since 1935, First Bank has earned a reputation for its personalized banking services, offering tailored solutions that blend advanced technology with local expertise.

The company reported total assets amounting to $13.0 billion, indicating a resilient financial stature and positioning in the competitive banking landscape. First Bank also plays a critical role in supporting small businesses by providing SBA loans through its extensive network.

In the wake of the dividend announcement, shareholders are likely to view this as a sign of confidence and stability in First Bancorp’s strategic direction. The decision reflects not only good financial management but also an acknowledgment of the support from its investors over the years.

For those interested in more details, First Bancorp encourages everyone to visit their official website at www.LocalFirstBank.com. The site serves as a resource for further understanding their diverse banking offerings and corporate ethos.

As of now, First Bancorp continues to trade on the NASDAQ Global Select Market under the ticker symbol FBNC, affirming its position as a well-regarded institution in the financial sector. With the ongoing fluctuation of economic conditions, the prudent financial practices exhibited by First Bancorp ensure that they remain a reliable choice for shareholders looking for consistent returns through dividends and growth. The future appears promising as First Bancorp maintains its dedication to sound financial principles while addressing the needs of its clientele and stakeholders alike.