FBNC - Dividend announcements

First Quarter 2026 Financial Data(Dollars in 000s, except per share data)Q1-2026Q4-2025Q1-2025Summary Income StatementTotal interest income$           142,390$           143,634$           132,624Total interest expense35,27437,43539,777Net interest income107,116106,19992,847Provision for credit losses3,0834,7321,116Noninterest income15,178(22,479)12,956Noninterest expenses60,21862,04357,911Income tax expense12,3341,23210,370Net income$             46,659$             15,713$             36,406Key MetricsDiluted EPS$                 1.13$                 0.38$                 0.88Adjusted diluted EPS (1)1.131.190.88Book value per share40.6839.8936.46Tangible book value per share29.0128.2324.6

SOUTHERN PINES, N.C., March 13, 2026 /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 $0.24 per share payable on April 27, 2026 to shareholders of record as of March 31, 2026.Richard Moore, Chief Executive Officer of First Bancorp, stated, "During the fourth quarter, we had strong financial performance, supported by solid capital and liquidity positions and stable credit quality. We delivered meaningful growth in adjusted net income and adjusted EPS while maintaining disciplined balance sheet management. In conjunction with our commitment to return capital to our shareh

  Fourth Quarter 2025 Financial Data (Dollars in 000s, except per share data) Q4-2025 Q3-2025 Q4-2024 Summary Income Statement Total interest income $  143,634 $  144,200 $  132,395 Total interest expense 37,435 41,711 43,554 Net interest income 106,199 102,489 88,841 Provision for credit losses 4,732 3,442 507 Noninterest income (22,299) (12,879) (23,177) Noninterest expenses 62,223 60,211 58,279 Income tax expense 1,232 5,594 3,327 Net income $ 15,713 $ 20,363 $   3,551 Key Metrics Diluted EPS $     0.38 $     0.49 $     0.08 Adjusted diluted EPS (1) $     1.19 $     1.01 $     0.76 Book value per share 39.89 38.67 34.96 Tangible book value per share 28.23 26.98 23.17 ROA 0.49 % 0.64 % 0.1

SOUTHERN PINES, N.C., Dec. 12, 2025 /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 $0.23 per share payable on January 25, 2026 to shareholders of record as of December 31, 2025. Richard Moore, Chief Executive Officer of First Bancorp, stated, "During the third quarter, we maintained strong capital and liquidity and delivered meaningful increases in adjusted net income and adjusted EPS.  We remain committed to delivering consistent value for our shareholders and we are pleased to continue providing cash dividends." First Bancorp is a bank holding company headquartered

  Third Quarter 2025 Financial Data (Dollars in 000s, except per share data) Q3-2025 Q2-2025 Q3-2024 Summary Income Statement Total interest income $  144,200 $  136,741 $  131,409 Total interest expense 41,711 40,065 48,366 Net interest income 102,489 96,676 83,043 Provision for credit losses 3,442 2,212 14,200 Noninterest income (12,879) 14,341 13,579 Noninterest expenses 60,211 58,983 59,850 Income tax expense 5,594 11,256 3,892 Net income $ 20,363 $ 38,566 $ 18,680 Key Metrics Diluted EPS $     0.49 $     0.93 $     0.45 Adjusted diluted EPS (1) $     1.01 $     0.93 $     0.45 Book value per share 38.67 37.53 35.74 Tangible book value per share 26.98 25.82 23.91 ROA 0.64 % 1.24 % 0.61 %

SOUTHERN PINES, N.C., Sept. 12, 2025 /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 $0.23 per share payable on October 25, 2025 to shareholders of record as of September 30, 2025. Richard Moore, Chief Executive Officer of First Bancorp, stated, "During the second quarter, we remained focused on serving our customers, maintaining robust capital and liquidity along with stable credit quality, thus resulting in solid financial results. For over forty years, we have paid dividends on our common stock and we are committed to providing a valuable return on investment to our

Second Quarter 2025 Financial Data (Dollars in 000s, except per share data) Q2-2025 Q1-2025 Q2-2024 Summary Income Statement Total interest income $  136,741 $  132,660 $  128,822 Total interest expense 40,065 39,777 47,707 Net interest income 96,676 92,883 81,115 Provision for credit losses 2,212 1,116 541 Noninterest income 14,341 12,902 14,601 Noninterest expenses 58,983 57,893 58,291 Income tax expense 11,256 10,370 8,172 Net income $ 38,566 $ 36,406 $ 28,712 Key Metrics Diluted EPS $     0.93 $     0.88 $     0.70 Book value per share 37.53 36.46 34.10 Tangible book value per share 25.82 24.69 22.19 Return on average assets 1.24 % 1.21 % 0.96 % Return on average common equity 10.11 % 10

SOUTHERN PINES, N.C., June 13, 2025 /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 $0.23 per share payable on July 25, 2025 to shareholders of record as of June 30, 2025. This represents an increase from $0.22 per share paid in the prior quarter. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong first quarter performance with continued momentum in net income and EPS as well as solid credit quality and adequate capital and liquidity positions.  In conjunction with our commitment to return capital to our shareholders, we are plea

SOUTHERN PINES, N.C., April 23, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited first quarter earnings today.  The Company announced net income of $36.4 million, or $0.88 diluted earnings per share ("D-EPS"), for the three months ended March 31, 2025 compared to $3.6 million, or $0.08 D-EPS, for the three months ended December 31, 2024 ("linked quarter") and $25.3 million, or $0.61 D-EPS, for the first quarter of 2024 ("like quarter"). The Company continued its efforts to enhance net interest income and net interest margin. The Company recorded net interest income of $92.9 million for the first quarter of 2025, compared

SOUTHERN PINES, N.C., March 14, 2025 /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, 2025 to shareholders of record as of March 31, 2025.  Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our Company had a strong fourth quarter performance with meaningful increases in adjusted net income and adjusted EPS while maintaining strong capital, liquidity and credit quality.  We are pleased to continue distributing cash dividends to our shareholders, contributing to a valuable return on their investments." First Bancorp is

SOUTHERN PINES, N.C., Jan. 29, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited fourth quarter and full year earnings today.  The Company announced net income of $3.6 million, or $0.08 diluted earnings per share ("EPS"), for the three months ended December 31, 2024 compared to $18.7 million, or $0.45 diluted earnings per common share, for the three months ended September 30, 2024 ("linked quarter") and $29.7 million, or $0.72 diluted earnings per common share, for the fourth quarter of 2023 ("like quarter").  For the twelve months ended December 31, 2024, the Company recorded net income of $76.2 million, or $1.84 diluted

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

SOUTHERN PINES, N.C., Oct. 23, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported third quarter earnings today.  At the end of September, Hurricane Helene greatly impacted portions of our footprint in Western North Carolina and the upstate of South Carolina.  We quickly initiated a response for our associates, customers and communities in these areas, and our most important priority was and continues to be making sure our people are taken care of during this difficult time.  Our team rallied together to support our customers and the communities we serve.  While some of our facilities suffered damage during the storm, we have worked

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 re

SOUTHERN PINES, N.C., July 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $28.7 million, or $0.70 per diluted common share, for the three months ended June 30, 2024 compared to $25.3 million, or $0.61 per diluted common share, for the three months ended March 31, 2024 ("linked quarter") and $29.4 million, or $0.71 per diluted common share, for the second quarter of 2023 ("like quarter").  For the six months ended June 30, 2024, the Company recorded net income of $54.0 million, or $1.31 per diluted common share, compared to $44.6 million, or $1.08 per diluted common share, for the six months ended June 30

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 thei

SOUTHERN PINES, N.C., April 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ:FBNC), the parent company of First Bank, announced today net income of $25.3 million, or $0.61 per diluted common share, for the three months ended March 31, 2024 compared to $29.7 million, or $0.72 per diluted common share, for the three months ended December 31, 2023 ("linked quarter") and $15.2 million, or $0.37 per diluted common share, recorded in the first quarter of 2023. Richard H. Moore, CEO and Chairman of the Company, stated, "Your company continues to perform well with increases in our liquidity and capital.  We believe that our balance sheet composition will continue to improve during the

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 investm

SOUTHERN PINES, N.C., Jan. 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.7 million, or $0.72 per diluted common share, for the three months ended December 31, 2023 compared to $29.9 million, or $0.73 per diluted common share, for the three months ended September 30, 2023 ("linked quarter") and $38.4 million, or $1.08 per diluted common share, recorded in the fourth quarter of 2022.  For the twelve months ended December 31, 2023, the Company recorded net income of $104.1 million, or $2.53 per diluted common share, compared to $146.9 million, or $4.12 per diluted common share, for the twelve months en

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 headquartere

SOUTHERN PINES, N.C., Sept. 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 October 25, 2023 to shareholders of record as of September 30, 2023.  Richard Moore, Chief Executive Officer of First Bancorp, stated, "Your Company continues to perform well, maintaining strong capital and liquidity.  We are pleased 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 approxi

SOUTHERN PINES, N.C., July 26, 2023 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.4 million, or $0.71 per diluted common share, for the three months ended June 30, 2023 compared to $15.2 million, or $0.37 per diluted common share, for the three months ended March 31, 2023 ("linked quarter") and $36.6 million, or $1.03 per diluted common share, recorded in the second quarter of 2022.  For the six months ended June 30, 2023, the Company recorded net income of $44.6 million, or $1.08 per diluted common share, compared to $70.6 million, or $1.98 per diluted common share, for the six months ended June 30, 2022. O

SOUTHERN PINES, N.C., June 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 July 25, 2023 to shareholders of record as of June 30, 2023.  Richard Moore, Chief Executive Officer of First Bancorp, stated, "We are pleased to continue to provide our shareholders with a return on their investments with this cash dividend on our common stock.  The Company's capital is strong and our dividend remains an important part of the value we offer our shareholders." First Bancorp is a bank holding company headquartered in Southern Pines, North Carol

SOUTHERN PINES, N.C., April 26, 2023 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $15.2 million, or $0.37 per diluted common share, for the three months ended March 31, 2023 compared to $38.4 million, or $1.08 per diluted common share for the three months ended December 31, 2022 ("linked quarter") and $34.0 million, or $0.95 per diluted common share, recorded in the first quarter of 2022.  The primary driver of the reduced earnings for the first quarter of 2023 as compared to the linked quarter and the same period last year was the charges associated with the Company's acquisition of GrandSouth Bancorporation (

SOUTHERN PINES, N.C., March 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 April 25, 2023 to shareholders of record as of March 31, 2023.  Richard Moore, Chief Executive Officer of First Bancorp, stated, "We are pleased to enhance shareholder value with the continuation of this dividend on our common stock. The Company's capital position is strong and allows us the opportunity to provide a return to our shareholders." First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approx

SOUTHERN PINES, N.C., Jan. 24, 2023 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $38.4 million, or $1.08 per diluted common share, for the three months ended December 31, 2022, compared to $37.9 million, or $1.06 per diluted common share for the three months ended September 30, 2022 ("linked quarter") and $10.5 million, or $0.30 per diluted common share, recorded in the fourth quarter of 2021.  For the twelve months ended December 31, 2022, the Company recorded net income of $146.9 million, or $4.12 per diluted common share, compared to $95.6 million, or $3.19 per diluted common share for the twelve months ende

SOUTHERN PINES, N.C., Dec. 15, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2023 to shareholders of record as of December 31, 2022.  The $0.22 dividend rate represents a 10% increase over the dividend rate of $0.20 paid in the comparable period of 2021.  "The increased dividend reflect the Board and management's commitment to enhancing shareholder value when the Company's capital position allows us the opportunity to do so," stated Richard Moore, Chief Executive Officer of First Bancorp. First Bancorp is a bank holding company headquart

SOUTHERN PINES, N.C., Oct. 26, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ:FBNC), the parent company of First Bank, announced today net income of $37.9 million, or $1.06 per diluted common share, for the three months ended September 30, 2022, compared to $36.6 million, or $1.03 per diluted common share for the three months ended June 30, 2022 ("linked quarter") and $27.6 million, or $0.97 per diluted common share, recorded in the third quarter of 2021.  For the nine months ended September 30, 2022, the Company recorded net income of $108.5 million, or $3.04 per diluted common share, compared to $85.1 million, or $2.99 per diluted common share for the nine months ended Septembe

SOUTHERN PINES, N.C., Sept. 15, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2022 to shareholders of record as of September 30, 2022.  The $0.22 dividend rate represents a 10% increase over the dividend rate of $0.20 paid in the comparable period of 2021. "The increased dividend reflect the Board and management's commitment to enhancing shareholder value when the Company's capital position allows us the opportunity to do so," stated Richard Moore, Chief Executive Officer of First Bancorp.  First Bancorp is a bank holding company headqua

SOUTHERN PINES, N.C., July 27, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $36.6 million, or $1.03 per diluted common share, for the three months ended June 30, 2022, compared to $34.0 million, or $0.95 per diluted common share for the first quarter of 2022 and $29.3 million, or $1.03 per diluted common share, recorded in the second quarter of 2021.  For the six months ended June 30, 2022, the Company recorded net income of $70.6 million, or $1.98 per diluted common share, compared to $57.5 million, or $2.02 per diluted common share for the six months ended June 30, 2021.  On June 21, 2022, the Company an

SOUTHERN PINES, N.C., June 15, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on July 25, 2022 to shareholders of record as of June 30, 2022. The $0.22 dividend rate represents a 10% increase over the dividend rate of $0.20 paid in the comparable period of 2021. "The increased dividend and share repurchase authorization reflect the Board and management's commitment to enhancing shareholder value when the Company's capital position allows us the opportunity to do so," stated Richard Moore, Chief Executive Officer of First Bancorp.  First Bancorp is a ban

SOUTHERN PINES, N.C., April 27, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $34.0 million, or $0.95 per diluted common share, for the three months ended March 31, 2022, compared to $28.2 million, or $0.99 per diluted common share, recorded in the first quarter of 2021.  Comparisons for the financial periods presented are significantly impacted by the Company's acquisition of Select Bancorp, Inc. ("Select") completed in the fourth quarter of 2021 which contributed $1.3 billion in loans and $1.6 billion in deposits as of the acquisition date.   Richard H. Moore, CEO and Chairman of the Company, stated, "Our

SOUTHERN PINES, N.C., Feb. 7, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2022 to shareholders of record as of March 31, 2022.  The $0.22 dividend rate represents a 10% increase over the previous dividend rate of $0.20. Additionally, the Board of Directors has authorized a share repurchase program (the "Share Repurchase Program"), pursuant to which the Company may purchase shares of its common stock for an aggregate repurchase price not to exceed $40 million.  The initial expiration of the Share Repurchase Program is set for December 31,

SOUTHERN PINES, N.C., Jan. 26, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $10.5 million, or $0.30 per diluted common share, for the three months ended December 31, 2021, a decrease of 63.9% on a per share basis, compared to $23.6 million, or $0.83 per diluted common share, recorded in the fourth quarter of 2020.   For the year ended December 31, 2021, the Company recorded net income of $95.6 million, or $3.19 per diluted common share, compared to $81.5 million, or $2.81 per diluted common share, for the twelve months ended December 31, 2020, an increase of 13.5% in earnings per share.  The primary driver

SOUTHERN PINES, N.C., Dec. 15, 2021 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on January 25, 2022 to shareholders of record as of December 31, 2021.  The $0.20 dividend rate represents an 11.1% increase over the dividend rate of $0.18 paid in the comparable period of 2020. First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $10.3 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 122 branches in North Carolina

SOUTHERN PINES, N.C., Oct. 26, 2021 /PRNewswire/ -- First Bancorp (NASDAQ:FBNC), the parent company of First Bank, announced today net income of $27.6 million, or $0.97 per diluted common share, for the three months ended September 30, 2021, an increase of 19.8% on a per share basis, compared to $23.3 million, or $0.81 per diluted common share, recorded in the third quarter of 2020.  For the nine months ended September 30, 2021, the Company recorded net income of $85.1 million, or $2.99 per diluted common share, compared to $57.8 million, or $1.99 per diluted common share, for the nine months ended September 30, 2020, an increase of 50.3%.  The higher earnings for both periods in 2021 were p

SOUTHERN PINES, N.C., Sept. 15, 2021 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on October 25, 2021 to shareholders of record as of September 30, 2021.  The $0.20 dividend rate represents an 11.1% increase over the dividend rate of $0.18 paid in the comparable period of 2020. First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $8.2 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 100 branches in N

SOUTHERN PINES, N.C., July 27, 2021 /PRNewswire/ -- First Bancorp (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $29.3 million, or $1.03 per diluted common share, for the three months ended June 30, 2021, an increase of 83.9% on a per share basis, compared to $16.4 million, or $0.56 per diluted common share, recorded in the second quarter of 2020.  For the six months ended June 30, 2021, the Company recorded net income of $57.5 million, or $2.02 per diluted common share, compared to $34.5 million, or $1.18 per diluted common share, for the six months ended June 30, 2020, an increase of 71.2%.  The higher earnings for both periods in 2021 were primarily drive

SOUTHERN PINES, N.C., June 15, 2021 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on July 25, 2021 to shareholders of record as of June 30, 2021.  The $0.20 dividend rate represents an 11.1% increase over the dividend rate of $0.18 paid in the comparable period of 2020. First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $7.7 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 101 branches in North Carolina and Sou

SOUTHERN PINES, N.C., April 27, 2021 /PRNewswire/ -- First Bancorp (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $28.2 million, or $0.99 per diluted common share, for the three months ended March 31, 2021, an increase of 59.7% on a per share basis, compared to $18.2 million, or $0.62 per diluted common share, recorded in the first quarter of 2020.  The increase in earnings was driven by lower credit costs and higher noninterest income.    The Company continued to experience high balance sheet growth during the first quarter of 2021, with total assets increasing by $447 million, or 24.8% annualized.  This growth was driven by a $460 million, or 29.7% ann