First Bancorp /NC/ 8-K filings

First Bancorp has announced the appointment of Christian Wilson as Executive Vice President and Chief Operating Officer of First Bank, and Brent Hicks as Executive Vice President and Chief Accounting Officer of both First Bancorp and First Bank.

First Bancorp has expanded its executive leadership team with key appointments to enhance the execution of its long-term strategic plan.

First Bancorp held its annual shareholder meeting on May 2, 2024, where directors were elected, auditors were ratified, executive compensation was approved, and a new equity incentive plan was adopted.

First Bancorp reported a net income of $25.3 million for the first quarter of 2024, a decrease compared to both the previous quarter and the same period last year, primarily due to increased funding costs.

First Bancorp's board of directors has announced a cash dividend of $0.22 per share, payable on April 25, 2024, to shareholders of record as of March 31, 2024.

First Bancorp reported a net income of $29.7 million for the fourth quarter of 2023, a decrease compared to both the previous quarter and the same period in 2022.