First Bancorp boosts dividend 4.3% to $0.24, authorizes $40M buyback; director Capel retires

FIRST BANCORP /NC/

Director Mary Clara Capel retired effective Jan 27, 2026; served since 2005, not due to disagreement.
Board authorized $40M stock repurchase plan through Jan 27, 2027, in open market or private transactions.
Dividend raised to $0.24 per share from $0.23, payable April 24, 2026 to holders of record March 31, 2026.

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