Form 8-K

8-K — FIRST BANCORP /NC/

Accession: 0000811589-26-000068

Filed: 2026-04-28

Period: 2026-04-28

CIK: 0000811589

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — fbnc-20260428.htm (Primary)

EX-99.1 (exhibit991newsreleasedated.htm)

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________

Form 8-K

__________________

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 28, 2026

First Bancorp

(Exact Name of Registrant as Specified in its Charter)

North Carolina 0-15572 56-1421916

(State or Other Jurisdiction (Commission (I.R.S. Employer

of Incorporation) File Number) Identification Number)

205 SE Broad Street,

Southern Pines, NC 28387

(Address of Principal Executive Offices) (Zip Code)

(910) 246-2500

____________________

(Registrant’s telephone number, including area code)

Not Applicable

___________________

(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol Name of each exchange on which registered:

Common Stock, No Par Value FBNC The Nasdaq Global Select Market

First Bancorp

INDEX

Page

Item 5.02 – Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 3

Item 9.01 – Financial Statements and Exhibits 3

Signatures 4

Exhibit 99.1 – News Release dated April 28, 2026

ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

Effective April 28, 2026, the Boards of Directors of First Bancorp and First Bank appointed Kate Nevin and Peter Hans to the Boards of Directors of First Bancorp and First Bank.

“These appointments reflect our commitment to strong governance and to bringing diverse perspectives, deep expertise, and thoughtful leadership to the First Bancorp and First Bank boards,” said Richard Moore, Chief Executive Officer, First Bancorp. “Kate’s extensive investment management experience and values‑aligned approach to capital allocation, combined with Peter’s long‑standing leadership in education, public policy, and organizational innovation, will be tremendous assets as we continue to grow and serve our communities.”

Ms. Nevin and Mr. Hans have been appointed to First Bancorp’s compensation committee, and nominating and corporate governance committee, and First Bank’s executive and loan committee. Compensatory arrangements for Ms. Nevin and Mr. Hans will be consistent with the previously disclosed standard arrangements for non-employee directors of First Bancorp, as described on page 39 of the company’s proxy statement for its 2026 annual meeting of shareholders filed with the Securities and Exchange Commission on March 19, 2026.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS

Exhibit 99.1 – News Release dated April 28, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

First Bancorp

April 28, 2026

By:

/s/ Richard H. Moore

Richard H. Moore

Chief Executive Officer

EX-99.1

Filename: exhibit991newsreleasedated.htm · Sequence: 2

Document

News Release

For Immediate Release: For More Information,

April 28, 2026 Contact: Katie Doyle

336-286-8741

FIRST BANCORP ANNOUNCES

APPOINTMENTS OF TWO NEW DIRECTORS

Southern Pines, NC — April 28, 2026 — First Bancorp (NASDAQ: FBNC), the parent company of First Bank (collectively, the “Company”), today announced the appointment of Kate Nevin and Peter Hans to its Board of Directors, effective immediately.

Kate Nevin, CAIA, is President of TSWII Capital Advisors and Portfolio Manager for TSWII LP and TSWS LP, bringing more than 20 years of experience in alternative investment strategies. She is a leading advocate for values‑aligned investing and expanding access to capital for women‑led and diverse firms, and she serves on numerous limited partner advisory committees and nonprofit boards. Ms. Nevin holds a Bachelor of Arts degree from the University of North Carolina at Chapel Hill; completed the Executive Program at the University of Virginia Darden School of Business; and selected as a Diversity Leadership Fellow at the Riley Institute at Furman University.

Peter Hans has served as President of the University of North Carolina System since 2020, leading a statewide public university system with a focus on low tuition, reduced student debt, and higher graduation rates. Previously having served as President of the North Carolina Community College System and as a senior policy advisor at both state and federal levels, President Hans earned degrees from University of North Carolina at Chapel Hill and a Master of Liberal Arts from Harvard University.

Together, these appointments reflect First Bancorp and First Bank’s focus on thoughtful leadership and long‑term growth, ensuring the Company remains well-positioned to serve its communities while advancing its strategic objectives.

####

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.9 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 113 branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bank also provides SBA loans to customers through its nationwide network of lenders.

Please visit our website at www.LocalFirstBank.com for more information.

First Bancorp's common stock is traded on The NASDAQ Global Select Market under the symbol "FBNC." Member FDIC, Equal Housing Lender.

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