First Bancorp (FBP) Interest Expense - Fed Funds (2010 - 2023)

First Bancorp (FBP) has reported Interest Expense - Fed Funds for 14 consecutive years, with $13000.0 the latest figure, recorded in Q4 2023.

• On a quarterly basis, Interest Expense - Fed Funds fell 99.08% year-over-year to $13000.0 in Q4 2023; TTM through Sep 2024 was $13000.0, a 99.69% decrease from a year earlier, with the FY2023 full-year figure at $2.8 million, down 63.35% from the prior year.
• Interest Expense - Fed Funds was $13000.0 for Q4 2023 at First Bancorp, down from $359000.0 in the prior quarter.
• Over five years, Interest Expense - Fed Funds peaked at $2.6 million in Q3 2021 and troughed at $13000.0 in Q4 2023.
• A 5-year average of $1.7 million and a median of $1.8 million in 2019 frame the typical range for Interest Expense - Fed Funds.
• Across the five-year window, Interest Expense - Fed Funds jumped 88.63% in 2021 and slumped 99.08% in 2023, its largest moves.
• Over 5 years, Interest Expense - Fed Funds stood at $1.2 million in 2019, then grew by 17.7% to $1.4 million in 2020, then jumped by 88.63% to $2.6 million in 2021, then plunged by 45.24% to $1.4 million in 2022, then tumbled by 99.08% to $13000.0 in 2023.
• The last three Interest Expense - Fed Funds figures came in at $13000.0 (Q4 2023), $359000.0 (Q3 2023), and $1.3 million (Q2 2023), per Business Quant data.