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SOUTHERN PINES, N.C., Jan. 26, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $10.5 million, or $0.30 per diluted common share, for the three months ended December 31, 2021, a decrease of 63.9% on a per share basis, compared to $23.6 million, or $0.83 per diluted common share, recorded in the fourth quarter of 2020.   For the year ended December 31, 2021, the Company recorded net income of $95.6 million, or $3.19 per diluted common share, compared to $81.5 million, or $2.81 per diluted common share, for the twelve months ended December 31, 2020, an increase of 13.5% in earnings per share.  The primary driver of the reduced earnings for the fourth quarter from the comparable period last year was the charges associated with the acquisition of Select Bancorp, Inc. ("Select"), the parent company of Select Bank & Trust Company ("Select Bank"), including merger expenses totaling $16.2 million and a one-time loan loss provision of $14.1 million to establish an initial allowance for credit losses for non-credit deteriorated Select Bank loans.

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MOORESVILLE, N.C., Jan. 26, 2022 /PRNewswire/ -- blueharbor bank (the "Bank") today reported net income of $1,232,123 and $0.41 per diluted share for the fourth quarter of 2021, an increase of 19% or $195,788 as compared to $1,036,335 and $0.34 per diluted share for the fourth quarter of 2020.  For the twelve months ended December 31, 2021, the Bank is reporting net income of $4,829,549 and $1.60 per diluted share, an increase of 45% or $1,487,912 as compared to $3,341,637 and $1.11 per diluted share for the same twelve months in 2020.

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SOUTHERN PINES, N.C., Jan. 25, 2022 /PRNewswire/ -- First Bank continues to build on the Power of Good, its corporate social responsibility program, with the announcement today of Project Launch and the commitment of $500,000 in support of local education initiatives.

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CHARLOTTE, N.C., Jan. 25, 2022 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.48 per common share, payable on Mar. 1, 2022, to shareholders of record at the close of business on Feb. 11, 2022.

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RED BANK, N.J., Jan. 25, 2022 /PRNewswire/ -- Lucern Capital Partners, a private equity real estate investment firm, announced the final closing of the Lucern Multifamily Value Fund I, L.P. today. With $23M of equity commitments from a diverse group of current and new investors, the fund makes opportunistic investments in multifamily and mixed-use assets that would benefit from strategic value-add initiatives.