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

First Bancorp (FBNC) has 14 years of Rent Expense data on file, last reported 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.
• Across five years, Rent Expense topped out at $8.9 million in Q4 2022 and bottomed at $3.1 million in Q2 2022.
• The 5-year median for Rent Expense is $5.0 million (2023), against an average of $5.0 million.
• The widest annual swing landed in 2022, when Rent Expense surged 167.32%; it then retreated 27.83% in 2024.
• A 5-year view of Rent Expense shows it stood at $8.9 million in 2022, then dropped by 27.02% to $6.5 million in 2023, then declined by 27.83% to $4.7 million in 2024, then rose by 4.32% to $4.9 million in 2025, then rose 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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