First Bancorp (FBNC) Rent Expense (2010 - 2026)
First Bancorp's (FBNC) quarterly Rent Expense came in at $5.4 million in Q1 2026, up 3.14% YoY from $5.2 million in Q1 2025, and up 9.22% on a QoQ basis from $4.9 million in Q4 2025.
First Bancorp (FBNC) Rent Expense (2010 - 2026) Analysis & Trends
First Bancorp (FBNC) has 14 years of Rent Expense data on file, last reported at $5.4 million in Q1 2026.
- Quarterly Rent Expense rose 3.14% year-over-year to $5.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.6 million (up 4.81% YoY) and the FY2025 annual result came in at $20.4 million, changed 0.49% from the prior year.
- Rent Expense grew to $5.4 million in Q1 2026, from $4.9 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $8.9 million in Q4 2022 to a low of $3.1 million in Q2 2022.
- A 5-year average of $5.0 million and a median of $5.0 million in 2023 frame the typical range for Rent Expense.
- Annual changes were most pronounced in 2022 — Rent Expense surged 167.32% — and 2024, when it retreated 27.83%.
- Tracing FBNC's Rent Expense over 5 years: stood at $8.9 million in 2022, then slipped by 27.02% to $6.5 million in 2023, then dropped by 27.83% to $4.7 million in 2024, then increased by 4.32% to $4.9 million in 2025, then increased by 9.22% to $5.4 million in 2026.
- The last three Rent Expense figures came in at $5.4 million (Q1 2026), $4.9 million (Q4 2025), and $5.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.02 Bn | 84.82 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.04 Bn | 96.04 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.88 Bn | -144.21 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 71.50 Bn | 57.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.63 Bn | 61.63 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.69 Bn | 25.97 Bn | - | 154.00 Mn |
| 10 | First Bancorp | 2.65 Bn | 2.10 Bn | - | 4.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.96 Mn |
| Jun 30, 2026 | 4.96 Mn |
| Mar 31, 2026 | 5.36 Mn |
| Mar 31, 2026 | 5.36 Mn |
| Dec 31, 2025 | 4.90 Mn |
| Dec 31, 2025 | 4.90 Mn |
| Sep 30, 2025 | 5.15 Mn |
| Sep 30, 2025 | 5.15 Mn |
| Jun 30, 2025 | 5.20 Mn |
| Jun 30, 2025 | 5.20 Mn |
| Mar 31, 2025 | 5.19 Mn |
| Mar 31, 2025 | 5.19 Mn |
| Dec 31, 2024 | 4.70 Mn |
| Dec 31, 2024 | 4.70 Mn |
| Sep 30, 2024 | 4.88 Mn |
| Sep 30, 2024 | 4.88 Mn |
| Jun 30, 2024 | 4.88 Mn |
| Jun 30, 2024 | 4.88 Mn |
| Mar 31, 2024 | 6.08 Mn |
| Mar 31, 2024 | 6.08 Mn |