SOUTHERN
PINES, N.C., March 15,
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
April 25, 2024 to shareholders of
record as of March 31, 2024.
Richard Moore, Chief Executive
Officer of First Bancorp, stated, "2023 was a challenging year and
your Company performed well, maintaining strong capital and
liquidity despite the headwinds faced by the entire banking
industry. We are pleased that our capital position allows us the
opportunity to continue 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 approximately $12
billion. Its principal activity is the ownership and
operation of First Bank, a state-chartered community bank that
operates 118 branches in North
Carolina and South
Carolina. First Bank also provides SBA loans to
customers through its nationwide network of lenders - for more
information on First Bank's SBA lending capabilities, please visit
www.firstbanksba.com. First Bancorp's common stock is traded
on the NASDAQ Global Select Market under the symbol "FBNC." Please
visit our website at www.LocalFirstBank.com.
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SOURCE First Bancorp