First Bancorp Declares Cash Dividend Alongside Strong Financial Growth

First Bancorp Announces Cash Dividend

First Bancorp, the parent company of First Bank and listed under NASDAQ as FBNC, recently made headlines by declaring a cash dividend of $0.24 per share. This announcement came from the Board of Directors and reflects the company's strong financial performance during the fourth quarter of the fiscal year.

Richard Moore, the Chief Executive Officer of First Bancorp, proudly stated that the company had demonstrated considerable financial strength, supported by solid capital foundations, strong liquidity, and stable credit quality. This performance has enabled them to achieve substantial growth in both adjusted net income and adjusted earnings per share (EPS), alongside careful management of the balance sheet. In his remarks, he emphasized the company's commitment to returning value to shareholders through an increased dividend payout.

Shareholders of record will receive this dividend on April 27, 2026, provided they are on the records as of March 31, 2026. First Bancorp's announcement represents not just a monetary return for its investors but also signals confidence in its ongoing performance and operational strategy.

Founded in 1935, First Bancorp is headquartered in Southern Pines, North Carolina. It operates through First Bank, a community bank that boasts an extensive network of 113 branches across North Carolina and South Carolina. By providing innovative banking solutions tailored to meet the needs of local customers, the bank maintains its dedication to delivering exceptional financial services combined with modern technology. Throughout its long history, First Bank has focused on meeting the needs of both personal and business banking clients, offering services such as loans from SBA through an extensive lender network.

Currently, the total assets of First Bancorp stand at $12.7 billion, illustrated by its robust market presence and strong community engagement. The bank places significant importance on understanding the unique banking requirements of local communities, ensuring that banking remains accessible and tailored.

The news regarding the dividend is expected to enhance shareholder confidence and may attract new investors, particularly those who prioritize dividend-yielding stocks in their portfolios. For further details regarding First Bancorp and its services, interested parties can visit their official website at www.LocalFirstBank.com.

As a publicly traded entity in the NASDAQ Global Select Market under the ticker symbol FBNC, First Bancorp adheres to stringent regulatory guidelines, ensuring complete transparency and responsibility in its operations. The company is also a proud member of the FDIC, thereby providing assurance to depositors. This dividend declaration is just one of the several steps First Bancorp aims to take this year to strengthen its relationship with its shareholders and affirm its commitment to sustainable growth.

With a positive outlook for the upcoming quarters and a strategic emphasis on enhancing shareholder value, First Bancorp prepares to navigate the dynamic market environment while staying true to its foundational values. The ongoing financial success and future initiatives signal a promising horizon for both the company and its investors.