First Bancorp (FBP) Construction in Progress (2011 - 2022)

First Bancorp (FBP) has reported Construction in Progress for 12 consecutive years, with $14.9 million the latest figure, recorded in Q4 2022.

• On a quarterly basis, Construction in Progress rose 84.5% year-over-year to $14.9 million in Q4 2022; TTM through Dec 2022 was $14.9 million, a 84.5% increase from a year earlier, with the FY2022 full-year figure at $14.9 million, up 84.5% from the prior year.
• Construction in Progress was $14.9 million for Q4 2022 at First Bancorp, up from $8.1 million in the prior quarter.
• Over five years, Construction in Progress peaked at $17.5 million in Q4 2018 and troughed at $7.7 million in Q4 2020.
• A 5-year average of $13.1 million and a median of $14.9 million in 2022 frame the typical range for Construction in Progress.
• Across the five-year window, Construction in Progress sank 55.34% in 2020 and surged 84.5% in 2022, its largest moves.
• Over 5 years, Construction in Progress stood at $17.5 million in 2018, then decreased by 1.94% to $17.1 million in 2019, then slumped by 55.34% to $7.7 million in 2020, then increased by 5.71% to $8.1 million in 2021, then surged by 84.5% to $14.9 million in 2022.
• The last three Construction in Progress figures came in at $14.9 million (Q4 2022), $8.1 million (Q4 2021), and $7.7 million (Q4 2020), per Business Quant data.