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First Bancorp (FBP) Interest Expense - Fed Funds: 2016-2022

Historic Interest Expense - Fed Funds for First Bancorp (FBP) over the last 7 years, with Dec 2022 value amounting to $391,000.

  • First Bancorp's Interest Expense - Fed Funds fell 84.79% to $391,000 in Q4 2022 from the same period last year, while for Dec 2022 it was $6.5 million, marking a year-over-year decrease of 34.38%. This contributed to the annual value of $2.8 million for FY2023, which is 57.65% down from last year.
  • First Bancorp's Interest Expense - Fed Funds amounted to $391,000 in Q4 2022, which was down 80.38% from $2.0 million recorded in Q3 2022.
  • First Bancorp's Interest Expense - Fed Funds' 5-year high stood at $2.6 million during Q3 2021, with a 5-year trough of $391,000 in Q4 2022.
  • Its 3-year average for Interest Expense - Fed Funds is $1.9 million, with a median of $2.0 million in 2022.
  • Per our database at Business Quant, First Bancorp's Interest Expense - Fed Funds soared by 88.63% in 2021 and then plummeted by 84.79% in 2022.
  • First Bancorp's Interest Expense - Fed Funds (Quarterly) stood at $2.2 million in 2018, then slumped by 48.03% to $1.2 million in 2019, then grew by 17.70% to $1.4 million in 2020, then surged by 88.63% to $2.6 million in 2021, then crashed by 84.79% to $391,000 in 2022.
  • Its Interest Expense - Fed Funds stands at $391,000 for Q4 2022, versus $2.0 million for Q3 2022 and $2.0 million for Q2 2022.