Press Release

First Bancorp Announces Cash Dividend

Company Release - 9/15/2020 10:00 AM ET

SOUTHERN PINES, N.C., Sept. 15, 2020 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.18 per share payable on October 23, 2020 to shareholders of record as of September 30, 2020.  The $0.18 dividend rate is the same rate that was paid in the previous quarter and represents a 50% increase over the dividend rate of $0.12 paid in the comparable period of 2019.

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $6.9 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 101 branches in North Carolina and South Carolina.  First Bank also provides SBA loans to customers through its nationwide network of lenders – for more information on First Bank's SBA lending capabilities, please visit  First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC."

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(PRNewsfoto/First Bancorp)


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