First Bancorp (FBNC) Rent Expense (2010 - 2026)

First Bancorp has reported Rent Expense for 14 years, with the latest figure at $5.4 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 3.14% year-over-year to $5.4 million; the trailing twelve-month figure through Mar 2026 stood at $20.6 million (up 4.81% YoY), and the FY2025 full-year result was $20.4 million, changed 0.49% from the prior year.
• Rent Expense for Q1 2026 stood at $5.4 million, up from $4.9 million in the prior quarter.
• The five-year high for Rent Expense was $8.9 million in Q4 2022, with the low at $3.1 million in Q2 2022.
• Historically, Rent Expense has averaged $5.0 million across 5 years, with a median of $5.0 million in 2023.
• Annual changes were most pronounced in 2022 — Rent Expense surged 167.32% — and 2024, when it retreated 27.83%.
• First Bancorp's Rent Expense 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.