First Bancorp Declares Cash Dividend for Shareholders

Author: Dominic Sanders Updated: 09-13-2024 09:24 AM

First Bancorp Declares Cash Dividend

The Board of Directors of First Bancorp (NASDAQ: FBNC), the parent company of First Bank, has officially announced a cash dividend of $0.22 per share. This dividend has been designated for shareholders and will be payable soon. This reflects the company’s ongoing commitment to delivering value to its investors.

Strong Financial Performance

Richard Moore, Chief Executive Officer of First Bancorp, shared insights into the company's recent performance, indicating that they had a strong showing in the second quarter, characterized by improved liquidity, significant capital growth, and maintaining strong credit quality. This positive trajectory empowers First Bancorp to continue providing robust cash dividends, ensuring a rewarding return for their shareholders.

About First Bancorp

First Bancorp operates as a bank holding company and is headquartered in Southern Pines. The company boasts total assets amounting to $12.1 billion. Its central role involves ownership of First Bank, a state-chartered community bank, which operates a total of 113 branches across North and South Carolina. Established in 1935, First Bank offers tailored banking solutions, integrating expert local support with advanced technology to meet the needs of both personal and business banking clients effectively.

Community and Growth Commitment

First Bank stands out for its commitment to community banking and customer care. They not only provide typical banking services but also offer specialized Small Business Administration (SBA) loans through a network that spans the nation. This diverse range of services positions the bank as a trusted financial partner for its clientele.

Connecting with First Bancorp

To learn more about First Bancorp and its services, you can visit their official website where further details await. The financial institution emphasizes transparency and accessibility for current and potential customers seeking comprehensive banking solutions.

Frequently Asked Questions

What is the amount of the cash dividend declared by First Bancorp?

The cash dividend declared is $0.22 per share for shareholders.

When will the cash dividend be paid out?

The cash dividend will be payable on a specified date to shareholders of record.

What is the primary business of First Bancorp?

First Bancorp primarily operates as a bank holding company, overseeing First Bank and its branches.

How many branches does First Bank operate?

First Bank operates a total of 113 branches located in North Carolina and South Carolina.

What banking services does First Bank provide?

First Bank offers a variety of banking services including community banking solutions, personal banking, and SBA loans.

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First Bancorp Declares Cash Dividend for Shareholders