Brent Hicks
Brent Hicks (age 52) was named Executive Vice President and Chief Accounting Officer of the Company and the Bank
Highest-materiality recent filing
First Bancorp Q2 EPS $1.22, net income $50.5M; announces acquisition of First Carolina Bancshares
Diluted EPS $1.22 vs $0.93 year ago; net income $50.5M, up 31% YoY.
First Bancorp to acquire First Carolina Bancshares for $166M in stock and cash
Aggregate consideration $166M, or $64.22 per share, consisting of 1.97M shares and $40M cash.
First Bancorp declares $0.24 quarterly dividend payable July 24, 2026
Cash dividend of $0.24 per common share declared, payable July 24, 2026 to shareholders of record June 30, 2026.
All 11 director nominees elected; votes for ranged from 27.3M to 31.6M, with ~4.75M broker non-votes.
First Bancorp appoints Kate Nevin and Peter Hans to board of directors
Kate Nevin, President of TSWII Capital Advisors, appointed to boards of First Bancorp and First Bank, effective April 28, 2026.
First Bancorp Q1 net income $46.7M, EPS $1.13; NIM expands 42 bps YoY
Net income $46.7M ($1.13 D-EPS) vs $15.7M ($0.38) linked quarter and $36.4M ($0.88) year ago.
First Bancorp declares $0.24/share quarterly dividend, an increase from prior level
Cash dividend of $0.24 per share, payable April 27, 2026 to holders of record March 31, 2026.
First Bancorp President and First Bank CEO Michael G. Mayer retires, remains director
Michael G. Mayer retired as President of First Bancorp and CEO of First Bank effective February 28, 2026.
First Bancorp boosts dividend 4.3% to $0.24, authorizes $40M buyback; director Capel retires
Director Mary Clara Capel retired effective Jan 27, 2026; served since 2005, not due to disagreement.
First Bancorp Q4 2025 adjusted EPS $1.19; NIM expands to 3.58%, loan growth 14.3% annualized
GAAP D-EPS $0.38 includes $43.7M securities loss; adjusted D-EPS $1.19 vs $0.76 in Q4 2024.
First Bancorp declares $0.23/share dividend payable Jan. 25, 2026
Cash dividend of $0.23 per share declared by board of directors.
First Bancorp appoints CEO Currie to boards of company and bank
G. Adam Currie, CEO of First Bank, appointed to boards of First Bancorp and First Bank effective immediately.
First Bancorp reports Q3 adjusted EPS $1.01; margin expands to 3.46%, loans grow 9.3% annualized
Net income $20.4M ($0.49 D-EPS) includes $27.9M securities loss; adjusted EPS $1.01.
First Bancorp declares $0.23/share quarterly dividend, payable Oct 25, 2025
Cash dividend of $0.23 per share declared on September 12, 2025.
First Bancorp board decides annual advisory say-on-pay vote after 92% shareholder support
Over 92% of shareholders voted for annual say-on-pay frequency at April 29, 2025 annual meeting.
First Bancorp Q2 EPS $0.93 beats prior; NIM expands; dividend raised to $0.23
Net income $38.6M ($0.93 diluted EPS) vs $36.4M ($0.88) linked and $28.7M ($0.70) YoY.
First Bancorp raises quarterly dividend to $0.23/share, up from $0.22
Dividend of $0.23 per share payable July 25, 2025 to holders of record June 30, 2025.
First Bancorp shareholders elect all 11 directors, approve Say-on-Pay at annual meeting
All 11 director nominees elected; Abby J. Donnelly received 30.66M votes for, Suzanne S. DeFerie 21.31M.
First Bancorp Q1 net income $36.4M ($0.88 EPS), NIM expands 47bp YoY to 3.27%
Net income $36.4M ($0.88 D-EPS) vs $3.6M ($0.08) linked quarter and $25.3M ($0.61) year ago; adjusted D-EPS $0.84.
First Bancorp declares $0.22 per share cash dividend, payable April 25, 2025
Dividend of $0.22 per share declared on common stock (NASDAQ: FBNC).
First Bancorp replaces auditor BDO with Crowe LLP effective March 6, 2025
Audit Committee engaged Crowe LLP for FY ending Dec 31, 2025; BDO USA dismissed same day.
First Bancorp appoints Adam Currie as First Bank CEO, authorizes $40M share repurchase
Adam Currie appointed President and CEO of First Bank, effective Feb 7, 2025, replacing Michael G. Mayer.
Q4 2024 net income $3.6M vs $18.7M linked quarter; adjusted net income $31.7M, adjusted diluted EPS $0.76.
First Bancorp declares $0.22/share cash dividend, payable Jan 25, 2025
Dividend of $0.22 per share on common stock declared by Board of Directors.
First Bancorp Q3 net income $18.7M ($0.45 EPS); $13M Hurricane Helene provision
Net income $18.7M vs $28.7M linked quarter; adjusted net income $29.0M ($0.70) excluding Helene charges.
First Bancorp declares $0.22/share dividend payable Oct 25, 2024
Board declared $0.22 per share cash dividend, same level as prior quarter.
First Bancorp implements $40M stock repurchase program on August 9, 2024
First Bancorp begins $40M common stock buyback; program authorized by board on Jan 30, 2024.
Director Mason Y. Garrett retires from First Bancorp board
Mason Y. Garrett resigned from First Bancorp and First Bank boards effective July 26, 2024.
First Bancorp Q2 net income $28.7M ($0.70 EPS); NIM expands to 2.87%
Net income $28.7M ($0.70 diluted EPS), up from $25.3M ($0.61) linked quarter; vs $29.4M ($0.71) year ago.
First Bancorp declares $0.22 per share cash dividend payable July 25, 2024
Cash dividend of $0.22 per share declared by board.
First Bancorp names Christian Wilson EVP/COO, Brent Hicks EVP/CAO
Wilson (age 43) appointed EVP and COO of First Bank; base salary $375,000, initial restricted stock award $150,000.
First Bancorp names COO, CTO, CAO; shifts Buczkowski to Corporate Finance EVP
Christian Wilson named EVP & COO effective May 13; reports to President Adam Currie; formerly 10 yrs at Fiserv and Secret Service.
First Bancorp shareholders elect all 15 directors, approve 2024 equity plan narrowly
All 15 director nominees elected; James Crawford (6.4M withheld) and Suzanne DeFerie (12.5M withheld) had notable opposition.
First Bancorp Q1 net income falls to $25.3M ($0.61 EPS) from $29.7M Q4; NIM slides to 2.80%
Diluted EPS $0.61 vs $0.72 linked quarter and $0.37 year ago; net income $25.3M.
First Bancorp declares $0.22/share cash dividend, payable April 25
Dividend of $0.22 per common share declared on March 15, 2024.
First Bancorp Q4 net income $29.7M ($0.72 EPS) down 23% YoY; loan growth 6.1% annualized
Net income of $29.7M ($0.72 diluted EPS) vs $38.4M ($1.08) in Q4 2022, a 23% decline.
First Bancorp declares $0.22/share quarterly cash dividend, payable Jan 25, 2024
Dividend of $0.22 per common share declared, same as prior quarter.
First Bank promotes Adam Currie to President, Bostian adds HR duties
Adam Currie named President of First Bank effective Nov 13, 2023, reporting to CEO Mike Mayer.
First Bancorp Q3 net income $29.9M ($0.73/sh), down from $1.06 a year ago
Net income $29.9M ($0.73 diluted EPS) vs $37.9M ($1.06) in Q3 2022; up from $29.4M ($0.71) in linked quarter.
First Bancorp declares $0.22/share cash dividend payable October 25, 2023
Dividend of $0.22 per share, payable Oct 25, 2023 to holders of record Sep 30, 2023.
First Bancorp Q2 net income $29.4M ($0.71 EPS); loans grow 5.1% annualized
Net interest income $87.0M, up 11.1% YoY; NIM (tax-equivalent) 3.08% vs 3.18% a year ago.
First Bancorp declares $0.22 per share cash dividend payable July 25
Cash dividend of $0.22 per share on common stock declared.
All 16 director nominees elected with between 17.9M and 28.6M votes for; broker non-votes of 5.3M.
First Bancorp Q1 net income $15.2M ($0.37 EPS) down 55% YoY; acquisition costs $24.4M
Net income $15.2M, $0.37 diluted EPS; Q1 2022 net income $34.0M ($0.95 EPS).
First Bancorp declares $0.22 per share cash dividend, payable April 25, 2023
Cash dividend of $0.22 per common share declared by First Bancorp board.
First Bancorp Q4 net income $38.4M ($1.08 EPS); closes GrandSouth acquisition Jan 1
Q4 2022 net income $38.4M ($1.08 diluted EPS) vs $10.5M ($0.30) in Q4 2021.
First Bancorp completes acquisition of GrandSouth Bancorporation; total assets ~$12B
GrandSouth shareholders receive 0.91 shares of FBNC per share; fractional shares cashed at $38.98/share.
First Bancorp raises cash dividend 10% to $0.22 per share
Dividend of $0.22 per share payable January 25, 2023 to holders of record December 31, 2022.
First Bancorp Q3 net income $37.9M ($1.06 EPS) beats year ago; margin expands; GrandSouth on track
EPS of $1.06 (diluted) vs $0.97 year ago; net income $37.9M, up 37% YoY.
First Bancorp declares $0.22 quarterly dividend, 10% increase YoY
Cash dividend of $0.22 per share declared, payable October 25, 2022.
Brent Hicks (age 52) was named Executive Vice President and Chief Accounting Officer of the Company and the Bank
on May 13, 2024, Christian Wilson (age 43) was named Executive Vice President and Chief Operating Officer of the Bank
Effective July 6, 2021, the Boards of Directors of First Bancorp and First Bank appointed Dexter V. Perry to the Boards of Directors of First Bancorp and First Bank.
Max materiality 0.80 · Median 0.43 · Most common event earnings