First Bancorp stock keeps USD 0.24 dividend ahead of October payment

Published on 10/06/2026 at 10:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Bancorp stock closed at USD 61.79 on October 5, while its USD 0.24 dividend is payable October 23. Second-quarter EPS beat consensus by USD 0.07.

FBNC, US3189101062, Illustration mit AI erstellt.

First Bancorp (ISIN US3189101062) stock closed at USD 61.79 on Nasdaq on October 5, 2026, down 0.87 percent on the session. The bank's board declared a USD 0.24 quarterly dividend on September 15, payable October 23 to shareholders of record on September 30, according to the SEC.

Dividend payment is set

The dividend keeps the quarterly cash distribution at USD 0.24 per share. That equals USD 0.96 on an annualized basis, while the September 30 record date and October 23 payment date define the next shareholder checkpoint.

First Bancorp operates First Bank, a community bank serving North Carolina and South Carolina. Its investor-relations profile reports total assets of USD 12.8 billion and 113 branches, according to First Bancorp.

Second-quarter earnings beat estimates

The latest reported quarter ended June 30, 2026. First Bancorp delivered GAAP diluted EPS of USD 1.22 against consensus of USD 1.15, a USD 0.07 beat, while revenue reached USD 127.30 million versus USD 126.07 million expected, as reported by MarketBeat.

Net income was USD 50.5 million in the second quarter, compared with USD 46.7 million in the first quarter, while diluted EPS rose from USD 1.13 to USD 1.22. The sequential improvement gives the dividend decision a stronger earnings backdrop.

Consensus target remains above the stock

MarketBeat lists a Moderate Buy consensus for First Bancorp based on 6 analysts, with an average price target of USD 68.94. The target lies 11.6 percent above the October 5 closing price of USD 61.79.

The published target range runs from USD 65.00 to USD 75.00. That spread shows why the consensus offers direction but not a uniform view of regional-bank valuation.

FBNC stays below its yearly high

At USD 61.79, FBNC was 7.5 percent below its 52-week high of USD 66.78 and USD 15.83 above its 52-week low of USD 45.96. The stock's October 5 volume was 295,543 shares and its market capitalization was USD 2.6 billion.

First Bancorp stock therefore combines a scheduled USD 0.24 payment with a recent earnings beat and a consensus target above the market price. The next dated corporate event is the October 23 dividend payment.