secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0000811589-26-000027
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000027/0000811589-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000027/fbnc-20260127.htm
  HTML page:      https://secwatch.observer/filing/0000811589-26-000027

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