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FBNC · Annual meeting · Tuesday, April 28, 2026

First Bancorp

11 nominees · 3 ballot items.

Election of 11 directors; Ratification of Crowe LLP as independent auditors; Advisory (non-binding) approval of executive compensation (“Say on Pay”).

Market cap
$2.7B
1Y TSR
+33.7%
Board grade
B
Record date
Mar 6, 2026
Filing
DEF 14A
View proxy filing
Meeting concluded · Apr 28, 2026

Follow how the vote landed and what changed on First Bancorp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

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Proposals

On the ballot3

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect 11 nominees to the Board of Directors to serve until the 2027 annual meeting or until their successors are elected and qualified.

  2. 2

    Ratification of Independent Auditors

    ManagementBoard: FOR

    Ratify the appointment of Crowe LLP as the Company’s independent auditors for 2026.

    More detail

    The proposal asks shareholders to ratify the Audit Committee’s selection of Crowe LLP as independent auditors for 2026; management seeks ratification to provide shareholder input and confirm the committee’s oversight choice, though the committee retains authority to change auditors. Context: audit committee oversight, fees disclosed, Crowe served as 2025 auditors and BDO served in 2024; auditor independence and audit-related fees are discussed. Board recommends FOR given Audit Committee review of independence and fees; ratification is routine but important for governance and transparency.

  3. 3

    Advisory Vote on Executive Compensation (“Say on Pay”

    ManagementBoard: FOR

    Approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement.

    More detail

    Management requests a non-binding advisory approval of executive compensation as disclosed; it argues the program aligns pay with performance, ties incentives to measures like Adjusted D-EPS, loan growth, deposit growth, and efficiency ratio, and includes clawback provisions and stock ownership guidelines. Company cites 94% prior shareholder support and describes AIP, LTIP, and specific metrics and payouts for 2025; Board recommends FOR because it believes compensation is reasonable and consistent with peers, noting use of adjusted metrics for 2025 due to securities loss-earnback transactions.

Director elections

Nominees on the ballot11

Ownership

Top institutional holders10

Latest 13F quarter
1BlackRock, Inc.10.4%4,301,082$242M
2FMR LLC7.0%2,876,334$162M
3STATE STREET CORP5.0%2,074,716$117M
4VANGUARD CAPITAL MANAGEMENT LLC4.3%1,772,184$100M
5FRANKLIN RESOURCES INC4.2%1,724,124$97M
6DIMENSIONAL FUND ADVISORS LP3.9%1,612,796$91M
7WESTWOOD HOLDINGS GROUP INC3.1%1,285,239$72M
8BlackRock, Inc.2.7%1,114,382$63M
9AMERIPRISE FINANCIAL INC2.6%1,059,737$60M
10NOMURA ASSET MANAGEMENT INTERNATIONAL INC.2.4%986,229$56M
Filings

Recent key filings

Periodic reports
Definitive proxies
Peers

Other Financial Services sector meetings6

Nearest market cap

Upcoming shareholder meetings at First Bancorp’s closest sector peers — compare boards, ballots, and ownership across the cohort.

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Bit Digital IncBTBT
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Reference

Frequently asked questions

When is the First Bancorp 2026 annual meeting?
First Bancorp (FBNC) holds its 2026 annual shareholder meeting on Tuesday, April 28, 2026.
What is the record date for the First Bancorp 2026 meeting?
The record date for the First Bancorp 2026 meeting is Friday, March 6, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for First Bancorp's 2026 meeting?
The board is presenting 11 director nominees at the First Bancorp 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the First Bancorp 2026 meeting?
Shareholders will vote on 3 proposals at the First Bancorp 2026 meeting, each tagged with who proposed it and the board's recommendation.
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