On September 15, 2026, First Bancorp announced that its board of directors declared a quarterly cash dividend of $0.24 per share on its common stock. The dividend is payable on October 23, 2026 to shareholders of record as of September 30, 2026. CEO Richard Moore cited solid financial performance, stable credit quality, and strong capital positions during the second quarter of 2026 as justification for continuing this longstanding practice. First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, that operates First Bank, a community banking network with 113 branches across North Carolina and South Carolina.

First Bancorp reported second quarter 2026 net income of $50.5 million, or $1.22 diluted EPS, compared to $46.7 million or $1.13 diluted EPS in the prior quarter. The company expanded its net interest margin to 3.71% and grew total assets to $13.0 billion. Additionally, the company reiterated its pending acquisition of First Carolina Bancshares Corporation in a 75% stock and 25% cash transaction, expected to close in late 2026 or early 2027. First Bancorp is a bank holding company that owns and operates First Bank, a community bank in North Carolina and South Carolina.

First Bancorp entered into a merger agreement with First Carolina Bancshares Corporation, a transaction with a total current value of approximately $166 million or $64.22 per share. Under the terms, First Carolina shareholders will receive 14.5340 shares of First Bancorp common stock and $294.94 in cash for each share held. The merger is expected to close in the fourth quarter of 2026 or early in the first quarter of 2027. First Bancorp is a financial services holding company providing banking services through its subsidiary, First Bank.

First Bancorp declared a cash dividend of $0.24 per share on its common stock, which is payable on July 24, 2026, to shareholders of record as of June 30, 2026. First Bancorp is a financial services company providing banking services.