© Reuters.
SOUTHERN PINES, N.C. – First Bancorp (NASDAQ:), the holding company for First Bank (NASDAQ:), has announced a cash dividend of $0.22 per share, set to be paid on April 25, 2024, to shareholders on record as of March 31, 2024. This declaration follows a year that CEO Richard Moore described as challenging for the banking industry, yet he noted First Bancorp’s ability to maintain a robust capital and liquidity position.
The company, with approximately $12 billion in total assets, operates First Bank, a state-chartered community bank with 118 branches across North Carolina and South Carolina. First Bank also offers Small Business Administration (SBA) loans nationally through its network of lenders. Information on First Bank’s SBA lending can be found at www.firstbanksba.com.
First Bancorp’s common stock is publicly traded on the . The company’s performance in the previous year and its capacity to sustain shareholder dividends underscore its stability in a turbulent market environment.
The dividend announcement is based on a press release statement from First Bancorp.
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This story originally appeared on Investing
