First Bancorp /Pr/ (FBP) Interest Expense - Fed Funds (2010 - 2023)
First Bancorp's Interest Expense - Fed Funds was $13,000 in Q4 2023, down 99.1% from $1.41 million a year earlier and down 96.4% from the prior quarter.
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Analysis
First Bancorp /Pr/ (FBP) Interest Expense - Fed Funds (2010 - 2023) Analysis & Trends
For FY2023, Interest Expense - Fed Funds at First Bancorp came in at $2.77 million, down 63.3% from FY2022.
- Interest Expense - Fed Funds shows a five-year compound annual growth rate of -21.7% (FY2018 to FY2023).
- In earlier years, Interest Expense - Fed Funds was $7.56 million in FY2022 (-24.2%), $9.96 million in FY2021 (+49.9%), $6.65 million in FY2020 (unchanged) and $6.65 million in FY2019 (-29.3%).
- The Q4 2023 figure marks the lowest quarterly Interest Expense - Fed Funds in data going back to Q2 2010.
- Compared with a year earlier, Interest Expense - Fed Funds has declined for eight straight quarters, with an average decline of 44.9% over the last eight quarters.
- The best year-over-year quarter for Interest Expense - Fed Funds over five years was Q4 2021 (growth of 88.6%); the worst was Q4 2023 (a decline of 99.1%).
- Per Business Quant data, FBP's Interest Expense - Fed Funds in the three quarters before Q4 2023 was $359,000 (Q3 2023), $1.33 million (Q2 2023) and $1.07 million (Q1 2023).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 13,000.00 |
| Sep 30, 2023 | 359,000.00 |
| Jun 30, 2023 | 1.33 Mn |
| Mar 31, 2023 | 1.07 Mn |
| Dec 31, 2022 | 1.41 Mn |
| Sep 30, 2022 | 1.99 Mn |
| Jun 30, 2022 | 1.97 Mn |
| Mar 31, 2022 | 2.18 Mn |
| Dec 31, 2021 | 2.57 Mn |
| Sep 30, 2021 | 2.57 Mn |
| Jun 30, 2021 | 2.54 Mn |
| Mar 31, 2021 | 2.28 Mn |
| Dec 31, 2020 | 1.36 Mn |
| Sep 30, 2020 | 1.48 Mn |
| Jun 30, 2020 | 1.88 Mn |
| Mar 31, 2020 | 1.92 Mn |
| Dec 31, 2019 | 1.16 Mn |
| Sep 30, 2019 | 1.32 Mn |
| Jun 30, 2019 | 1.62 Mn |
| Mar 31, 2019 | 2.55 Mn |
API Access
First Bancorp /Pr/ Interest Expense - Fed Funds API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-fed-funds&ticker=FBP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-fed-funds", "ticker": "FBP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-fed-funds&ticker=FBP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();