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

First Bancorp's Rent Expense history runs 14 years deep, the most recent figure standing at $5.4 million for 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 was $5.4 million for Q1 2026 at First Bancorp, 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.
• 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 dropped 27.83%.
• First Bancorp's Rent Expense stood at $8.9 million in 2022, then declined by 27.02% to $6.5 million in 2023, then fell by 27.83% to $4.7 million in 2024, then gained by 4.32% to $4.9 million in 2025, then gained by 9.22% to $5.4 million in 2026.
• Business Quant data shows FBNC's Rent Expense at $5.4 million in Q1 2026, $4.9 million in Q4 2025, and $5.1 million in Q3 2025.