First Bancorp Declares Cash Dividend for Shareholders
The Board of Directors of First Bancorp (NASDAQ: FBNC) has recently announced a cash dividend of $0.23 per share for its common stock. This payment is set to be distributed on January 25, 2026, to all shareholders who are on record as of December 31, 2025.
CEO Richard Moore Highlights Financial Performance
In his remarks, Richard Moore, the Chief Executive Officer of First Bancorp, emphasized that the third quarter saw the company maintain robust capital and liquidity levels. In addition, the company reported significant growth in adjusted net income and adjusted earnings per share (EPS). Moore expressed satisfaction in the company's ongoing commitment to delivering value to its shareholders, reiterating the importance of cash dividends in this strategy.
About First Bancorp
First Bancorp, a prominent bank holding company, boasts its headquarters in Southern Pines, North Carolina. The firm holds total assets amounting to $12.8 billion and is mainly engaged in the operation of First Bank, a community bank licensed to operate in North Carolina and South Carolina. Established in 1935, First Bank is known for its customized banking solutions, blending financial acumen, local insight, and modern technology to support a variety of customer needs.
First Bank's Commitment to Customers
With 113 branches across the Carolinas, First Bank takes pride in serving both personal and business banking clients. The bank also actively provides Small Business Administration (SBA) loans, expanding its financing options through a nationwide network of dedicated lenders.
Market Presence of First Bancorp
As a publicly traded entity, First Bancorp's shares are available on The NASDAQ Global Select Market, under the ticker symbol "FBNC." The company ensures compliance with regulatory standards while highlighting its role as a member of the FDIC, providing assurance to its depositors.
Frequently Asked Questions
What is the cash dividend amount announced by First Bancorp?
First Bancorp has declared a cash dividend of $0.23 per share.
When will the dividend be paid out?
The dividend payment is scheduled for January 25, 2026.
What is the record date for shareholders to receive the dividend?
The record date for shareholders eligible to receive the dividend is December 31, 2025.
What is First Bancorp's primary business?
First Bancorp operates as a bank holding company and primarily manages First Bank, which provides community banking services in North and South Carolina.
What are First Bancorp's assets?
First Bancorp has total assets of $12.8 billion.
