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First Bancorp (FBP) Interest Expense - Deposits: 2009-2024

Historic Interest Expense - Deposits for First Bancorp (FBP) over the last 16 years, with Dec 2024 value amounting to $253.1 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 FY2024, First Bancorp's Interest Expense - Deposits stood at $253.1 million, which was up 36.47% from $185.5 million recorded in FY2023.
  • Over the past 5 years, First Bancorp's Interest Expense - Deposits peaked at $253.1 million during FY2024, and registered a low of $41.5 million during FY2021.
  • Moreover, its 3-year median value for Interest Expense - Deposits was $185.5 million (2023), whereas its average is $161.6 million.
  • Its Interest Expense - Deposits has fluctuated over the past 5 years, first crashed by 39.34% in 2021, then surged by 300.04% in 2023.
  • First Bancorp's Interest Expense - Deposits (Yearly) stood at $68.4 million in 2020, then crashed by 39.34% to $41.5 million in 2021, then increased by 11.76% to $46.4 million in 2022, then skyrocketed by 300.04% to $185.5 million in 2023, then surged by 36.47% to $253.1 million in 2024.