First Bancorp Announces Increased Dividend Amid Strong Financial Performance and Growth Prospects

First Bancorp Delivers Robust Financial Performance and Increased Dividend Announcement

First Bancorp, headquartered in Southern Pines, North Carolina, stands out with its recent announcement of a cash dividend of $0.24 per share for its common stock, scheduled for distribution on April 27, 2026. This decision, reflecting the bank's commitment to returning value to its shareholders, highlights the organization's solid financial health, as emphasized by CEO Richard Moore. During the fourth quarter, First Bancorp showcases impressive growth in adjusted net income and earnings per share while maintaining stable capital and liquidity positions alongside sound credit quality. This dividend, subject to the recorded shareholders by March 31, 2026, underscores the bank's ongoing commitment to its investors amid a competitive financial landscape.

First Bancorp operates as a bank holding company, overseeing First Bank, a state-chartered community bank that has been serving the financial needs of its communities since 1935. With 113 branches across North Carolina and South Carolina and total assets amounting to $12.7 billion, First Bank merges local expertise with advanced technology to tailor banking solutions for both individual customers and businesses. The bank's diverse offerings include traditional banking services as well as Small Business Administration (SBA) loans, allowing First Bank to effectively support small business growth across its operating regions.

The increased cash dividend not only reflects First Bancorp's disciplined balance sheet management but also aligns its operational achievements with the strategic goal of enhancing shareholder value. As the financial institution continues to assess opportunities for growth and expansion, its performance during the recent reporting period positions it well to navigate potential challenges in the banking sector. First Bancorp's dedication to maintaining a strong financial foundation while fostering shareholder returns is a testament to its strategic approach within the dynamic banking industry.

In addition to the dividend announcement, First Bancorp’s recent financial results reveal its resilient operational capabilities and commitment to growth. Serving a diverse clientele in the Carolinas, the bank continues to leverage technological advancements to streamline its services and expand its market presence. The company's stock is traded on The NASDAQ Global Select Market under the ticker "FBNC," further illustrating its stable market position. For further details, stakeholders can visit the company’s website at www.LocalFirstBank.com.