SOUTHERN
PINES, N.C., June 14,
2024 /PRNewswire/ -- The Board of Directors of
First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of
First Bank, has declared a cash dividend on its common stock of
$0.22 per share payable on
July 25, 2024 to shareholders of
record as of June 30, 2024.
Richard Moore, Chief Executive
Officer of First Bancorp, stated, "Your company continued to
perform well during the first quarter of 2024 with increases in our
liquidity and capital along with strong credit quality. We
are pleased that our financial performance and capital position
allow us to continue distributing the level of cash dividend
providing our shareholders with a valuable return on their
investments."
First Bancorp is a bank holding company headquartered in
Southern Pines, North Carolina,
with total assets of $12.1 billion.
Its principal activity is the ownership and operation of First
Bank, a state-chartered community bank that operates 113 branches
in North Carolina and South
Carolina. Since 1935, First Bank has taken a tailored
approach to banking, combining best-in-class financial solutions,
helpful local expertise, and technology to manage a home or
business. First Bank also provides SBA loans to customers
through its nationwide network of lenders.
Please visit our website at www.LocalFirstBank.com for more
information.
First Bancorp's common stock is traded on The NASDAQ Global
Select Market under the symbol "FBNC." Member FDIC, Equal Housing
Lender.
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SOURCE First Bancorp