---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-24-000057"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:14:27.082167+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# First Bancorp implements $40M stock repurchase program on August 9, 2024

## Summary
- First Bancorp begins $40M common stock buyback; program authorized by board on Jan 30, 2024.
- Repurchases allowed via open market or private deals under Rule 10b-18 pricing and volume rules.
- Company not obligated to buy any specific amount; program may be suspended or discontinued any time.

## SEC filing metadata
- accession: 0000811589-24-000057
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158924000057/0000811589-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158924000057/fbnc-20240812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-24-000057
- JSON: https://secwatch.observer/filing/0000811589-24-000057.json
- Plain text: https://secwatch.observer/filing/0000811589-24-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.