secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0000811589-22-000042
Event type: dividend
Sentiment:  positive
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158922000042/0000811589-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158922000042/fbnc-20220915.htm
  HTML page:      https://secwatch.observer/filing/0000811589-22-000042

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