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First Bancorp Announces Cash Dividend
Posted by: gurufocus (IP Logged)
Date: December 16, 2008 06:01PM

Press Release: First Bancorp Announces Cash Dividend First Bancorp is a one-bank holding company. The principal activity of the Company is the ownership and operation of First Bank. They also own and operate two nonbank subsidiaries Montgomery Data Services Inc. and First Bancorp Financial Services Inc. First Bancorp has a market cap of $267.9 million; its shares were traded at around $17.7 with a P/E ratio of 11.5 and P/S ratio of 1.6. The dividend yield of First Bancorp stocks is 4.69%. First Bancorp had an annual average earning growth of 8.4% over the past 5 years. More on FBNC: Gurus buys and sells of FBNC 10-year financial history of FBNC. Insider buys/sells of FBNC.

Press Release:

TROY, N.C., Dec. 16 /PRNewswire-FirstCall/ -- The Board of Directors ofFirst Bancorp (Nasdaq: FBNC), the parent company of First Bank, has declared acash dividend of 19 cents per share payable January 23, 2009 to shareholdersof record as of December 31, 2008. The dividend of 19 cents per share isunchanged from both the dividend declared in the prior quarter of 2008 and thedividend declared in the fourth quarter of 2007.

First Bancorp is a bank holding company headquartered in Troy, NorthCarolina with total assets of approximately $2.7 billion. Its principalactivity is the ownership and operation of First Bank, a state-charteredcommunity bank that operates 74 branches, with 63 branches operating in a21-county market area in the central piedmont and coastal regions of NorthCarolina, 6 branches in South Carolina (Cheraw, Dillon, Florence, and Latta),and 5 branches in Virginia (Abingdon, Dublin, Fort Chiswell, Radford, andWytheville), where First Bank does business as First Bank of Virginia. FirstBank also has a loan production office in Blacksburg, Virginia. FirstBancorp's common stock is traded on the NASDAQ Global Select Market under thesymbol "FBNC."

Please visit our website at www.FirstBancorp.com. For additionalinformation, please contact:

Mr. Jerry L. Ocheltree
 President & Chief Executive Officer
 Telephone: (910) 576-6171
Source: PRNewsWire More on FBNC: Gurus buys and sells of FBNC 10-year financial history of FBNC. Insider buys/sells of FBNC.


Stocks Discussed: FBNC,
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