First Bancorp Declares Cash Dividend
The Board of Directors of First Bancorp (NASDAQ: FBNC) has announced the declaration of a cash dividend on its common stock. The amount set for this dividend is $0.22 per share, which will be payable on the 25th of January, the following year. This dividend is designed to reward shareholders of record as of the 31st of December.
Insights from Leadership
Richard Moore, the Chief Executive Officer of First Bancorp, expressed confidence in the company’s performance. He mentioned, "Our strong capital position allows us to continue to operate profitably and to distribute cash dividends providing our shareholders with a valuable return on their investments." This statement reflects a commitment to maintaining shareholder value, highlighting the bank's solid financial footing.
Company Overview
First Bancorp is a distinguished bank holding company that oversees First Bank, known for its community-focused banking solutions since 1935. With headquarters located in Southern Pines, the company possesses total assets of approximately $12.2 billion. First Bank operates 113 branches across two states, offering localized banking services coupled with advanced financial solutions.
First Bank's Tailored Approach
First Bank emphasizes a personalized experience, catering to the unique financial needs of its clients. This tailored approach integrates modern technology with traditional banking practices. Customers can benefit from a wide range of services that include loans tailored for small businesses through the Small Business Administration (SBA) program, ensuring support for entrepreneurs throughout a nationwide network.
Commitment to Community
First Bancorp is dedicated to serving its communities. The bank’s strategies revolve around building lasting relationships and ensuring accessibility to quality banking services. Through its extensive branch network in North Carolina and South Carolina, First Bank maintains a community-oriented focus, fostering a local presence.
Stock Market Performance
The common stock of First Bancorp is traded on The NASDAQ Global Select Market under the symbol "FBNC." This listing showcases the company’s transparency and commitment to shareholder engagement, being a member of the FDIC and adhering to equal housing lending principles. Investors keep a close watch on the company’s performance as it reflects broader economic trends relevant to community banking.
Frequently Asked Questions
What is the cash dividend amount declared by First Bancorp?
First Bancorp has declared a cash dividend of $0.22 per share.
When will the cash dividend be paid?
The cash dividend is scheduled to be paid on January 25 of the coming year.
Who is eligible for the cash dividend?
Shareholders of record as of December 31 will be eligible to receive the cash dividend.
What services does First Bank offer?
First Bank offers a variety of banking services, including personal banking, business banking, and SBA loans.
Where is First Bancorp headquartered?
First Bancorp is headquartered in Southern Pines, North Carolina.
