First Bancorp (FBNC) Non Operating Interest Expenses (2010 - 2024)

First Bancorp (FBNC) has reported Non Operating Interest Expenses for 12 consecutive years, with $47.7 million the latest figure, recorded in Q2 2024.

• For the quarter ending Q2 2024, Non Operating Interest Expenses rose 39.59% year-over-year to $47.7 million; the trailing twelve-month figure through Jun 2024 stood at $178.3 million (up 152.68% YoY), and the FY2025 full-year result was $6.5 million, down 16.75% from the prior year.
• Non Operating Interest Expenses grew to $47.7 million in Q2 2024 per FBNC's latest filing, from $47.3 million in the prior quarter.
• Across five years, Non Operating Interest Expenses topped out at $47.7 million in Q2 2024 and bottomed at $2.0 million in Q3 2021.
• Historically, Non Operating Interest Expenses has averaged $15.7 million across 5 years, with a median of $4.5 million in 2020.
• The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses sank 61.91% in 2021, then surged 1469.87% in 2023.
• Over 5 years, Non Operating Interest Expenses stood at $3.3 million in 2020, then slipped by 28.52% to $2.4 million in 2021, then jumped by 268.58% to $8.7 million in 2022, then soared by 404.51% to $44.1 million in 2023, then climbed by 8.21% to $47.7 million in 2024.
• According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $47.7 million, $47.3 million, and $44.1 million for Q2 2024, Q1 2024, and Q4 2023 respectively.