---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-26-000027"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:44:34.906448+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000811589-26-000027
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158926000027/0000811589-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158926000027/fbnc-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-26-000027
- JSON: https://secwatch.observer/filing/0000811589-26-000027.json
- Plain text: https://secwatch.observer/filing/0000811589-26-000027.txt

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