First Bancorp Declares $0.23 Dividend, Highlighting Commitment to Shareholders

First Bancorp Reinforces Commitment to Shareholders with Dividend Announcement

First Bancorp, the parent company of First Bank, solidifies its dedication to shareholder value with the announcement of a cash dividend of $0.23 per share. The dividend is scheduled for distribution on October 25, 2025, to shareholders recorded by September 30, 2025. This decision, articulated by CEO Richard Moore, reflects the company's robust financial performance and strategic focus on enhancing customer service. Moore emphasizes that the solid capital and liquidity positions, alongside stable credit quality, have enabled First Bancorp to maintain a consistent dividend history, marking over forty years of payments to its investors.

Founded in 1935 and headquartered in Southern Pines, North Carolina, First Bancorp operates with total assets amounting to $12.6 billion. The bank runs 113 branches across North and South Carolina, providing a range of banking solutions tailored to meet local needs. First Bank stands out in the competitive landscape by leveraging local expertise and technology, ensuring that both personal and business clients receive customized financial services. This includes a nationwide lending network that facilitates Small Business Administration (SBA) loans, an essential service for fostering local economic growth.

The commitment to community and customer-centric banking continues to be a cornerstone of First Bancorp’s operational ethos. The company's strategy focuses not only on financial returns but also on building long-lasting relationships with customers. As a member of the FDIC and an Equal Housing Lender, First Bancorp aligns its practices with the highest regulatory standards, reinforcing trust and reliability among its clientele. The recent dividend declaration not only exemplifies financial health but also signals to shareholders and customers alike that First Bancorp is well-positioned for continued success.

In other relevant news, First Bancorp’s proactive approach to service innovation is evident in its investment in technology, which enhances customer engagement and streamlines banking operations. This focus on modernization is critical in an increasingly digital banking environment, ensuring that First Bank remains competitive while addressing the evolving needs of its customers.

First Bancorp invites interested parties to explore more about its offerings and community initiatives by visiting their website at www.LocalFirstBank.com. As the company continues to prioritize shareholder returns and customer satisfaction, it remains a vital player in the regional banking sector.