By Stephen Nakrosis
First Bancorp (North Carolina) said its board has authorized a new share-repurchase plan for up to $40 million of the company's outstanding common stock.
The plan may be modified, extended, suspended or discontinued at any time, the company said Thursday.
First Bancorp NC has a market capitalization of $1.88 billion, 41.34 million shares outstanding and a public float of 39.84 million shares.
The bank holding company has its headquarters in Southern Pines, N.C., and total assets of about $12.2 billion.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 06, 2025 18:37 ET (23:37 GMT)
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