First Bancorp Raises Quarterly Dividend to $0.24 Per Share
First Bancorp (NASDAQ: FBNC), a North Carolina-based bank holding company, declared a quarterly cash dividend of $0.24 per share, marking an increase in its cash distribution to shareholders. The dividend is payable April 27 to shareholders of record as of March 31.
First Bancorp (NASDAQ: FBNC), a bank holding company operating through its subsidiary First Bank across North Carolina and South Carolina, declared a quarterly cash dividend of $0.24 per share on March 13, 2026. The dividend represents an increase from prior levels as part of the company's capital return commitment to shareholders. Read more dividend announcements.
The dividend will be paid on April 27, 2026 to shareholders of record as of March 31, 2026.
| Dividend Details | Date |
|---|---|
| Amount | $0.24 per share |
| Record Date | March 31, 2026 |
| Payment Date | April 27, 2026 |
| Frequency | Quarterly |
Chief Executive Officer Richard Moore cited strong fourth-quarter financial performance, solid capital and liquidity positions, and stable credit quality as factors supporting the dividend increase. The company reported meaningful growth in adjusted net income and adjusted earnings per share while maintaining disciplined balance sheet management.
First Bancorp, headquartered in Southern Pines, North Carolina, holds total assets of $12.7 billion. First Bank operates 113 branches across North Carolina and South Carolina and has been serving customers since 1935. The bank also provides Small Business Administration loans through a nationwide network of lenders.