SOUTHERN
PINES, N.C., Sept. 13,
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
October 25, 2024 to shareholders of
record as of September 30,
2024.
Richard Moore, Chief Executive
Officer of First Bancorp, stated, "Our company had a strong
performance during the second quarter of 2024 with improved
liquidity, solid capital growth and continued 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/first-bancorp-announces-cash-dividend-302244192.html
SOURCE First Bancorp