CEO Richard Moore attributed the decision to the bank's stable credit quality and disciplined capital management throughout the opening months of the year. The North Carolina-based holding company, which oversees First Bank, currently manages $12.9 billion in total assets across a network of 113 branches in the Carolinas. This dividend continues the firm's long-standing policy of returning value to investors while maintaining its community banking focus. First Bancorp, traded on the NASDAQ under the symbol FBNC, continues to emphasize a tailored approach to financial solutions and small business lending.