FBNC news

First Bancorp has declared its quarterly dividend of $0.24 per share, signaling continued commitment to shareholder returns.

First Bancorp reported Q2 net income of $50.5M with diluted EPS of $1.22, reflecting higher noninterest expense and a tightened efficiency ratio as total assets surpassed $13 billion.

First Bancorp /NC/ has entered into an agreement to merge with First Carolina Bancshares. This reorganization consolidates the two financial institutions into a single entity.

First Bancorp's Board declared a quarterly cash dividend of $0.24 per share to shareholders of record as of June 30, 2026. The dividend reflects management confidence in strong Q1 2026 results and continued commitment to shareholder value through disciplined capital management.