secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0000811589-24-000057
Event type: other_material
Sentiment:  positive
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158924000057/0000811589-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158924000057/fbnc-20240812.htm
  HTML page:      https://secwatch.observer/filing/0000811589-24-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer