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First Bancorp Executive Compensation (FY25)

FBNC · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 29, 2026
189 figures on this page: 179 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Gregory Currie, Chief Executive Officer and President of First Bank, received $1,914,798 in total compensation for fiscal 2025, and Currie's total was 112.1% higher than the $902,944 reported for fiscal 2024. Meanwhile, for fiscal 2025, shareholders backed the say-on-pay proposal with 95.6% of votes cast for or against in favor at the meeting held April 28, 2026. Separately, the disclosed peer group names Brookline Bancorp, Inc., Customers Bancorp, Inc., Eagle Bancorp, Inc., FB Financial Corporation and First Busey Corporation, among others; for fiscal 2025, the company reported 5 named executive officers.
Chief executive, fiscal 2025
◇
Gregory Currie
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Gregory Currie: $902,944 → $1,914,798 (112.1% higher)
Say-on-pay support: 93.6% → 95.6% (2.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Bancorp's chief executive and what were they paid?
Gregory Currie, Chief Executive Officer and President of First Bank, received $1,914,798 in total compensation for fiscal 2025. Currie's total was 112.1% higher than the $902,944 reported for fiscal 2024.
What was First Bancorp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.6% of votes cast for or against in favor at the meeting held April 28, 2026.
Which companies are in First Bancorp's peer group?
The disclosed peer group names Brookline Bancorp, Inc., Customers Bancorp, Inc., Eagle Bancorp, Inc., FB Financial Corporation and First Busey Corporation, among others.
What is First Bancorp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 27.8:1, against median employee compensation of $58,900.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Mayer
President of the Company
◇—◇—◇—◇◇
Richard Moore
Chief Executive Officer of the Company
◇—◇—◇—◇◇
Gregory Currie
Chief Executive Officer and President of First Bank
◇—◇—◇—◇◇
Elizabeth Bostian
Executive Vice President, Chief Financial Officer of the Company and First Bank
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Mayer
President of the Company
◇◇◇—◇—◇◇
Richard Moore
Chief Executive Officer of the Company
◇—◇—◇—◇◇
Gregory Currie
Chief Executive Officer and President of First Bank
◇—◇—◇—◇◇
Elizabeth Bostian
Executive Vice President, Chief Financial Officer of the Company and First Bank
◇—◇—◇—◇◇
Christian Wilson
Chief Operating Officer of the Company and First Bank
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Currie
Chief Executive Officer and President of First Bank
◇◇◇—◇—◇◇
Richard Moore
Chief Executive Officer
◇—◇—◇—◇◇
Elizabeth Bostian
Executive Vice President and Chief Financial Officer of the Company and First Bank
◇◇◇—◇—◇◇
Christian Wilson
Chief Operating Officer of the Company and First Bank
◇◇◇—◇—◇◇
Michael Mayer
President of the Company
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Michael G. MayerRSU———◇———
Fiscal 2023, 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gregory CurrieRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Elizabeth BostianRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Richard MooreRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael MayerRSU◇◇——
RSU◇◇——
RSU◇◇——
Christian WilsonRSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Suzanne S. DeFerie
◇◇————◇
James C. Crawford, III
Lead independent director
◇◇————◇
John W. McCauley
◇◇————◇
Frederick L. Taylor, II
◇◇————◇
O. Temple Sloan, III
◇◇————◇
Abby J. Donnelly
◇◇————◇
Dexter V. Perry
◇◇————◇
Mary Clara Capel
◇◇————◇
Carlie C. McLamb, Jr
◇◇————◇
Gregory A. Currie, Jr, Michael G. Mayer and Richard H. Moore served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Brookline Bancorp, Inc. BRKL
  • Customers Bancorp, Inc. CUBI
  • Eagle Bancorp, Inc. EGBN
  • FB Financial Corporation FBK
  • First Busey Corporation BUSE
  • First Commonwealth Financial Corp. FCF
  • First Financial Bancorp FFBC
  • Heartland Financial USA, Inc. HTLF
  • Lakeland Bancorp, Inc. LBAI
  • Northwest Bancshares, Inc. NWBI
  • Park National Corporation PRK
  • Renasant Corporation RNST
  • S&T Bancorp STBA
  • Sandy Spring Bancorp, Inc. SASR
  • Seacoast Banking Corporation of Florida SBCF
  • ServisFirst Bancshares, Inc. SFBS
  • Towne Bank TOWN
  • TriState Capital Holdings, Inc. symbol not shown
  • Trustmark Corporation TRMK
  • United Community Banks, Inc. UCB
  • WesBanco, Inc. WSBC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 28, 2026=◇◇◇
2024April 29, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2019May 7, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 3, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact First Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
189 figures on this page: 179 cited to the filing that reported them, 10 calculated from figures it prints.
179 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000811589-26-000070
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000811589-26-000062
    2025 SUMMARY COMPENSATION TABLE · COMPENSATION OF DIRECTORS · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End
  3. 0000811589-25-000021
  4. 0000811589-25-000016
    2024 SUMMARY COMPENSATION TABLE
  5. 0000811589-24-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000811589-24-000020
    2023 SUMMARY COMPENSATION TABLE
  7. 0000811589-23-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001174947-22-000659
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000811589-20-000006
  10. 0001174947-19-000659
  11. 0001174947-18-000713
  12. 0001174947-17-000795
  13. 0001174947-16-002680
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Velarion, “First Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/FBNC (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Bancorp discloses

The companies named in FBNC's own disclosed peer group.

Customers Bancorp, Inc.Eagle Bancorp, Inc.FB Financial CorporationFirst Busey CorporationFirst Commonwealth Financial Corp.First Financial BancorpNorthwest Bancshares, Inc.Park National CorporationRenasant CorporationS&T BancorpSeacoast Banking Corporation of FloridaServisFirst Bancshares, Inc.Towne BankTrustmark CorporationUnited Community Banks, Inc.WesBanco, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy