Brief: First Bancorp Announces Cash Dividend Increase And Share Repurchase Authorization

First Bancorp (North Carolina)

07/02/2022 17:51

Feb 7 (Reuters) - First Bancorp (North Carolina)  FBNC.O :
    * FIRST BANCORP ANNOUNCES CASH DIVIDEND INCREASE AND SHARE
REPURCHASE AUTHORIZATION
    * FIRST BANCORP (NORTH CAROLINA)- DECLARED CASH DIVIDEND ON
ITS
COMMON STOCK OF $0.22 PER SHARE, 10% INCREASE OVER PREVIOUS
DIVIDEND RATE OF $0.20
    * FIRST BANCORP (NORTH CAROLINA)- UNDER SHARE REPURCHASE
PROGRAM
CO MAY PURCHASE SHARES OF ITS COMMON STOCK FOR PRICE NOT TO
EXCEED $40 MILLION
    * FIRST BANCORP (NORTH CAROLINA)- INITIAL EXPIRATION OF
SHARE
REPURCHASE PROGRAM IS DEC 31 AND REPLACES, SUPERSEDES PRIOR
PROGRAM PUT IN PLACE IN 2021

Source text for Eikon:  ID:nPnbczlnga 
Further company coverage:  FBNC.O 

 ((Reuters.Briefs@thomsonreuters.com;))