First Bancorp Announces Cash Dividend

FIRST BANCORP /NC/ (FBNC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exhibit991newsreleasedated.htm EX-99.1 Document News Release For Immediate Release: For More Information, Contact: July 22, 2026 Katie Doyle 336-286-8741 First Bancorp Reports Second Quarter Results Second Quarter 2026 Financial Data (Dollars in 000s, except per share d

First Bancorp (FBNC) agreed to acquire First Carolina Bancshares in a stock-and-cash deal valued at about $166 million. First Carolina shareholders will receive 1,967,017 FBNC shares plus $40 million cash, based on FBNC’s July 13 close of $64.22. Closing is expected in Q4 2026 or early Q1 2027; FBNC reports earnings July 22.

GeoPark Limited (NYSE:GPRK) launched a cash tender offer for its 8.750% Senior Notes due 2030, offering $1,027.50 per $1,000 principal. The $441.7 million tender expires on October 22, 2026, and is subject to conditions, including financing. The company also announced a redemption notice for its 5.500% Senior Secured Notes due 2027, contingent on a new notes offering.

Cipher Digital (NASDAQ:CIFR) stock fell 25.7% this week after announcing an $850M zero-interest convertible debt offering and a share issuance. The company plans to use proceeds for data center expansion, including absorbing construction cost overruns. The stock is down 66.7% from its 52-week high. Cipher operates data centers and leases high-performance computing infrastructure, aiming to diversify revenue away from crypto mining.

Hitachi Energy plans to invest $479M to build a transformer insulation factory in London, Ontario, by 2028, aiming to meet rising electricity demand. The facility will be the first in Canada to produce pressboard and will create 100 jobs. Hitachi is contributing most of the funds, with government support totaling $50M. The project supports Canada's electricity strategy to double its grid by 2050.

Netflix (NFLX) cut 1,000 jobs (6% of staff) and replaced its chief content officer, Bela Bajaria, with Peter Rice. Shares rose 2.89% to $72.61 on Oct 15, but fell 1.12% after hours. Q3 earnings are due Oct 20. Content costs are expected to rise 10%, and engagement growth slowed to 2% in 2026. The company guided Q3 operating margin to 33.2% and EPS to $0.82.