First Bancorp Declares Cash Dividend
The Board of Directors of First Bancorp (NASDAQ: FBNC), the parent company of First Bank, has recently declared a cash dividend of $0.23 per share on its common stock. This dividend will be paid on an upcoming date to shareholders who are on record as of the specified cutoff.
Financial Health and Commitment
Richard Moore, the Chief Executive Officer, emphasized the company's focus on customer service during the recent quarter. He highlighted the importance of maintaining strong capital, liquidity, and stable credit quality, which collectively contributed to solid financial performance. First Bancorp takes pride in its track record of paying dividends on its common stock for over forty years, showcasing its commitment to delivering valuable returns to investors.
About First Bancorp
First Bancorp is a venerable bank holding company, headquartered in Southern Pines, North Carolina, with total assets amounting to an impressive $12.6 billion. The organization's primary function lies in the ownership and operation of First Bank, a state-chartered community bank known for its local focus and tailored banking solutions. First Bank operates a network of 113 branches across neighboring states, primarily focusing on North Carolina and South Carolina.
Banking Approach
Since its inception in 1935, First Bank has embraced a customer-centric approach, blending top-tier financial solutions with local expertise and the latest technology. This convergence enables them to provide personalized service for both personal and business banking needs.
Loan Offerings
Moreover, First Bank actively supports the community by providing Small Business Administration (SBA) loans through its expansive network of lenders, facilitating growth and investment opportunities for local businesses.
Stock Information
First Bancorp's common stock is publicly traded on The NASDAQ Global Select Market under the ticker symbol "FBNC." The company is a proud member of the FDIC and is recognized as an Equal Housing Lender. This standing underscores its commitment to regulatory compliance and financial responsibility, reinforcing trust among its customer base.
Frequently Asked Questions
What is the recent dividend amount declared by First Bancorp?
The recent cash dividend declared by First Bancorp is $0.23 per share on its common stock.
How long has First Bancorp been paying dividends?
First Bancorp has consistently paid dividends on its common stock for over forty years, signifying a strong commitment to its shareholders.
What is the primary operation of First Bancorp?
The primary operation of First Bancorp involves the ownership and operation of First Bank, which serves as a state-chartered community bank with multiple branches.
In which states does First Bank operate?
First Bank operates primarily in North Carolina and South Carolina, maintaining 113 branches in these regions.
What financial services does First Bank provide?
First Bank offers a variety of financial services, including personalized banking solutions and SBA loans, addressing both personal and business needs.
