Market for the Registrant’s Common Stock, Related Shareholder Matters, and Issuer Purchases of Equity Securities
−Removed: Our common stock trades on The NASDAQ Global Select Market under the trading symbol “FBNC”.
−Removed: Tables 1 and 21 included in “Management’s Discussion and Analysis” below provide historic information on the market price for the Company’s common stock.
+Added: Our common stock trades on NASDAQ under the trading symbol “FBNC.” Tables have been included in Item 7 under the heading, "Selected Consolidated Financial Data," which provide historic information on the market price for the Company’s common stock.
As of December 31, 2021, there were approximately 3,210 shareholders of record and another 13,358 shareholders whose stock is held in “street name.”
−Removed: Tables 1 and 21 include information regarding cash dividends declared per share of common stock for the periods presented.
+Added: These tables in Item 7 also include information regarding cash dividends declared per share of common stock for the annual and quarterly periods presented.
For each quarter in 2021, we declared a cash dividend of $0.20 per common share.
3 unchanged sentences
Performance Graph
−Removed: The performance graph shown below compares the Company’s cumulative total return to shareholders for the five-year period commencing December 31, 2015 and ending December 31, 2020, with the cumulative total return of the Russell 2000 Index (reflecting overall stock market performance of small-capitalization companies) and an index of banks with between $5 billion and $10 billion in assets, as constructed by SNL Securities, LP (reflecting changes in banking industry stocks).
−Removed: The graph and table assume that $100 was invested on December 31, 2015 in each of the Company’s common stock, the Russell 2000 Index, and the SNL Bank Index, and that all dividends were reinvested.
+Added: The performance graph shown below compares the Company’s cumulative total return to shareholders for the five-year period commencing December 31, 2016 and ending December 31, 2021, with the cumulative total return of the Russell 2000 Index (reflecting overall stock market performance of small-capitalization companies), and the S&P Regional Banks Select Industry Index, as constructed by SNL Securities, LP (reflecting changes in banking industry stocks).
+Added: The graph and table assume that $100 was invested on December 31, 2016 in each of the Company’s common stock, the Russell 2000 Index, and the S&P Regional Bank Index, and that all dividends were reinvested.
First Bancorp Comparison of Five-Year Total Return Performances (1)
5 unchanged sentences
100.00 114.65 102.02 128.06 153.62 176.39
−Removed: SNL Index-Banks between $5 billion and $10 billion
−Removed: 100.00 143.27 142.73 129.17 160.06 145.37
+Added: S&P Regional Banks Select Industry Index 100.00 107.95 87.69 111.92 103.98 145.47
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2 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Pursuant to authorizations by the Company’s Board of Directors, the Company has from time to time repurchased shares of common stock in private transactions and in open-market purchases.
+Added: Pursuant to authorizations by the Board, the Company has from time to time repurchased shares of common stock in private transactions and in open-market purchases.
Issuer Purchases of Equity Securities
13 unchanged sentences
(1) All shares available for repurchase are pursuant to publicly announced share repurchase authorizations.
−Removed: The share repurchase authorization for the 2020 repurchases expired on December 31, 2020.
−Removed: On January 27, 2021, the Company reported the authorization of a new $20 million repurchase program with an expiration date of December 31, 2021.
+Added: On January 27, 2021, the Company reported the authorization of a $20 million repurchase program which expired on December 31, 2021.
+Added: On February 7, 2022 the Company reported the authorization of a $40 million repurchase program with an expiration date of December 31, 2022.
Also see “Additional Information Regarding the Registrant’s Equity Compensation Plans” in Item 12.
−Removed: Selected Consolidated Financial Data
−Removed: Table 1 on page 60 of this report sets forth the selected consolidated financial data for the Company.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.