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First Bancorp (FBP) Interest Expense - Deposits: 2016-2022

Historic Interest Expense - Deposits for First Bancorp (FBP) over the last 7 years, with Dec 2022 value amounting to $21.0 million.

  • First Bancorp's Interest Expense - Deposits rose 142.47% to $21.0 million in Q4 2022 from the same period last year, while for Dec 2022 it was $46.4 million, marking a year-over-year increase of 11.76%. This contributed to the annual value of $253.1 million for FY2024, which is 36.47% up from last year.
  • As of Q4 2022, First Bancorp's Interest Expense - Deposits stood at $21.0 million, which was up 110.83% from $10.0 million recorded in Q3 2022.
  • First Bancorp's Interest Expense - Deposits' 5-year high stood at $21.0 million during Q4 2022, with a 5-year trough of $7.7 million in Q1 2022.
  • Over the past 3 years, First Bancorp's median Interest Expense - Deposits value was $11.6 million (recorded in 2021), while the average stood at $13.0 million.
  • Per our database at Business Quant, First Bancorp's Interest Expense - Deposits slumped by 44.56% in 2021 and then soared by 142.47% in 2022.
  • First Bancorp's Interest Expense - Deposits (Quarterly) stood at $16.7 million in 2018, then increased by 24.62% to $20.8 million in 2019, then decreased by 24.93% to $15.6 million in 2020, then plummeted by 44.56% to $8.7 million in 2021, then surged by 142.47% to $21.0 million in 2022.
  • Its Interest Expense - Deposits was $21.0 million in Q4 2022, compared to $10.0 million in Q3 2022 and $7.7 million in Q2 2022.