SOUTHERN
PINES, N.C., Dec. 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
January 25, 2025 to shareholders of
record as of December 31,
2024.
Richard Moore, Chief Executive
Officer of First Bancorp, stated, "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."
First Bancorp is a bank holding company headquartered in
Southern Pines, North Carolina,
with total assets of $12.2 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-302329095.html
SOURCE First Bancorp