FIRST BANCORP /NC/ (FBNC) Form 8-K — Jul 14, 2026
First Bancorp has entered into a definitive agreement to acquire First Carolina Bancshares Corporation in a merger valued at approximately $166 million. Shareholders of First Carolina will receive 14.5340 shares of First Bancorp common stock and $294.94 in cash for each share they own. The transaction is expected to close during the fourth quarter of 2026 or the first quarter of 2027, pending shareholder and regulatory approvals. The boards of directors for both companies have unanimously approved the merger agreement.
Key figures
- Deal Value Usd
- 166000000
- Exchange Ratio
- 14.534
- Per Share Value
- 64.22
- Termination Fee
- 6400000
- Shares Outstanding Target
- 135339
- Cash Consideration Per Share
- 294.94
Price after filing
Close on the filing date to close N calendar days later (from $63.98). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.