SOUTHERN
PINES, N.C., Dec. 15,
2023 /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
January 25, 2024 to shareholders of
record as of December 31,
2023.
Richard Moore, Chief Executive
Officer of First Bancorp, stated, "It is important to us to use our
capital to provide a return to our shareholders, and payment of the
dividend is a critical part of our capital management. We are
pleased to do so for another quarter as we close out a difficult
year in our industry and look forward to 2024."
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