CEO Richard Moore attributed the decision to the bank's stable credit quality and disciplined capital management throughout the opening months of the year. The North Carolina-based holding company, which oversees First Bank, currently manages $12.9 billion in total assets across a network of 113 branches in the Carolinas. This dividend continues the firm's long-standing policy of returning value to investors while maintaining its community banking focus. First Bancorp, traded on the NASDAQ under the symbol FBNC, continues to emphasize a tailored approach to financial solutions and small business lending.
First Bancorp Declares $0.24 Quarterly Dividend
Shareholders of First Bancorp are set to receive a cash dividend of $0.24 per share on July 24, 2026. The board of directors confirmed the payout for those on record as of June 30, following a first quarter defined by margin expansion and rigorous expense management.
Comments (0)
No comments yet. Be the first!