First Bancorp Management
Management criteria checks 4/4
First Bancorp's CEO is Richard Moore, appointed in Jun 2012, has a tenure of 11.83 years. total yearly compensation is $1.24M, comprised of 42.2% salary and 57.8% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth $5.48M. The average tenure of the management team and the board of directors is 5.3 years and 11.5 years respectively.
Key information
Richard Moore
Chief executive officer
US$1.2m
Total compensation
| CEO salary percentage | 42.2% |
| CEO tenure | 11.8yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.3yrs |
| Board average tenure | 11.5yrs |
Recent management updates
Recent updates
Some Shareholders May Object To A Pay Rise For First Bancorp's (NASDAQ:FBNC) CEO This Year
Apr 26
First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22
Mar 18First Bancorp's (NASDAQ:FBNC) Dividend Will Be $0.22
Dec 21First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22
Sep 19First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22
Jun 20First Bancorp (NASDAQ:FBNC) Will Pay A Dividend Of $0.22
Mar 19We Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease
Mar 01First Bancorp declares $0.22 dividend
Sep 15First Bancorp upgraded to Overweight at Piper after YTD underperformance
Aug 18First Bancorp (NASDAQ:FBNC) Is Increasing Its Dividend To US$0.22
Feb 10Here's Why I Think First Bancorp (NASDAQ:FBNC) Might Deserve Your Attention Today
Dec 28I Ran A Stock Scan For Earnings Growth And First Bancorp (NASDAQ:FBNC) Passed With Ease
Aug 11First Bancorp declares $0.20 dividend
Jun 15First Bancorp (NASDAQ:FBNC) Has Gifted Shareholders With A Fantastic 172% Total Return On Their Investment
Mar 11Don't Ignore The Fact That This Insider Just Sold Some Shares In First Bancorp (NASDAQ:FBNC)
Feb 13
Should First Bancorp (NASDAQ:FBNC) Be Part Of Your Dividend Portfolio?
Feb 05Here's What First Bancorp's (NASDAQ:FBNC) Shareholder Ownership Structure Looks Like
Jan 08First Bancorp declares $0.18 dividend
Dec 15The Director of First Bancorp (NASDAQ:FBNC), Suzanne DeFerie, Just Sold 25% Of Their Holding
Dec 13How Much Is First Bancorp (NASDAQ:FBNC) CEO Getting Paid?
Dec 10Does First Bancorp's (NASDAQ:FBNC) Share Price Gain of 72% Match Its Business Performance?
Nov 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$114m |
| Dec 31 2023 | US$1m | US$525k | US$103m |
| Sep 30 2023 | n/a | n/a | US$112m |
| Jun 30 2023 | n/a | n/a | US$120m |
| Mar 31 2023 | n/a | n/a | US$127m |
| Dec 31 2022 | US$1m | US$519k | US$146m |
| Sep 30 2022 | n/a | n/a | US$118m |
| Jun 30 2022 | n/a | n/a | US$108m |
| Mar 31 2022 | n/a | n/a | US$101m |
| Dec 31 2021 | US$1m | US$466k | US$95m |
| Sep 30 2021 | n/a | n/a | US$108m |
| Jun 30 2021 | n/a | n/a | US$104m |
| Mar 31 2021 | n/a | n/a | US$91m |
| Dec 31 2020 | US$1m | US$409k | US$81m |
| Sep 30 2020 | n/a | n/a | US$78m |
| Jun 30 2020 | n/a | n/a | US$80m |
| Mar 31 2020 | n/a | n/a | US$87m |
| Dec 31 2019 | US$1m | US$400k | US$92m |
| Sep 30 2019 | n/a | n/a | US$95m |
| Jun 30 2019 | n/a | n/a | US$92m |
| Mar 31 2019 | n/a | n/a | US$91m |
| Dec 31 2018 | US$1m | US$400k | US$89m |
| Sep 30 2018 | n/a | n/a | US$80m |
| Jun 30 2018 | n/a | n/a | US$71m |
| Mar 31 2018 | n/a | n/a | US$59m |
| Dec 31 2017 | US$1m | US$416k | US$46m |
Compensation vs Market: Richard's total compensation ($USD1.24M) is below average for companies of similar size in the US market ($USD5.61M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
CEO
Richard Moore (62 yo)
11.8yrs
Tenure
US$1,242,921
Compensation
Mr. Richard Hancock Moore has been the Chief Executive Officer of First BanCorp since June 11, 2012. Mr. Moore served as Treasurer of First Bancorp. He served as the Chief Executive Officer of First Bank s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11.8yrs | US$1.24m | 0.42% $ 5.5m | |
| President & Director | 8.2yrs | US$1.76m | 0.25% $ 3.3m | |
| Executive VP | 2.4yrs | US$706.02k | 0.042% $ 548.7k | |
| President of First Bank | no data | US$810.90k | 0.057% $ 740.7k | |
| Executive VP | 2.4yrs | no data | 0.061% $ 791.4k |
5.3yrs
Average Tenure
59yo
Average Age
Experienced Management: FBNC's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.1yrs | US$1.24m | 0.42% $ 5.5m | |
| President & Director | 7.2yrs | US$1.76m | 0.25% $ 3.3m | |
| Lead Independent Director | 16yrs | US$87.00k | 0.21% $ 2.7m | |
| Independent Director | 23yrs | US$75.00k | 0.067% $ 873.9k | |
| Independent Director | 24yrs | US$75.00k | 0.082% $ 1.1m | |
| Independent Director | 6.5yrs | US$87.00k | 0.21% $ 2.7m | |
| Independent Director | 18.9yrs | US$75.00k | 0.096% $ 1.3m | |
| Independent Director | 18.9yrs | US$75.00k | 0.023% $ 304.9k | |
| Independent Director | 2.8yrs | US$75.00k | 0.013% $ 168.2k | |
| Independent Director | 6.5yrs | US$64.00k | 0.14% $ 1.8m | |
| Independent Director | 8.9yrs | US$64.00k | 0.035% $ 454.9k | |
| Independent Director | 7.1yrs | US$64.00k | 0.020% $ 265.4k |
11.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: FBNC's board of directors are seasoned and experienced ( 11.5 years average tenure).