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First Bancorp (FBP) Deferred Taxes: 2009-2024

Historic Deferred Taxes for First Bancorp (FBP) over the last 16 years, with Dec 2024 value amounting to $14.1 million.

  • First Bancorp's Deferred Taxes fell 63.42% to $11.8 million in Q4 2022 from the same period last year, while for Dec 2022 it was $54.2 million, marking a year-over-year decrease of 54.18%. This contributed to the annual value of $14.1 million for FY2024, which is 131.47% up from last year.
  • First Bancorp's Deferred Taxes amounted to $14.1 million in FY2024, which was up 131.47% from $6.1 million recorded in FY2023.
  • In the past 5 years, First Bancorp's Deferred Taxes ranged from a high of $118.3 million in FY2021 and a low of -$4.4 million during FY2020.
  • Its 3-year average for Deferred Taxes is $24.8 million, with a median of $14.1 million in 2024.
  • Per our database at Business Quant, First Bancorp's Deferred Taxes tumbled by 107.95% in 2020 and then soared by 2,807.00% in 2021.
  • First Bancorp's Deferred Taxes (Yearly) stood at -$4.4 million in 2020, then spiked by 2,807.00% to $118.3 million in 2021, then slumped by 54.18% to $54.2 million in 2022, then tumbled by 88.74% to $6.1 million in 2023, then skyrocketed by 131.47% to $14.1 million in 2024.