First Bancorp declares $0.22 quarterly dividend, 10% increase YoY

FIRST BANCORP /NC/

Cash dividend of $0.22 per share declared, payable October 25, 2022.
Record date is September 30, 2022; represents a 10% increase over $0.20 in Q4 2021.
CEO Richard Moore cites commitment to enhancing shareholder value given capital position.
First Bancorp (FBNC) is parent of First Bank with ~$10.6 billion in total assets.
Dividend increase reflects board confidence in financial strength.

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