First Bancorp (FBP) Interest Expense - Fed Funds (2010 - 2023)
First Bancorp (FBP) posted quarterly Interest Expense - Fed Funds of -$2.8 million for Q4 2023, up 46.28% year-over-year from -$1.9 million in Q4 2022, and down 867.69% quarter-over-quarter from $359000.0 in Q3 2023.
First Bancorp (FBP) Interest Expense - Fed Funds (2010 - 2023) Analysis & Trends
First Bancorp (FBP) has reported Interest Expense - Fed Funds for 14 consecutive years, with -$2.8 million the latest figure, recorded in Q4 2023.
- In Q4 2023, Interest Expense - Fed Funds rose 46.28% year-over-year to -$2.8 million; the TTM figure through Sep 2024 stood at -$2.8 million (down 16.09% YoY), while the FY2022 annual figure was $1.0 million, changed N/A from the prior year.
- Interest Expense - Fed Funds fell to -$2.8 million in Q4 2023 per FBP's latest filing, from $359000.0 in the prior quarter.
- Across five years, Interest Expense - Fed Funds topped out at $2.6 million in Q3 2021 and bottomed at -$7.4 million in Q4 2021.
- Historically, Interest Expense - Fed Funds has averaged $638263.2 across 5 years, with a median of $1.5 million in 2020.
- On a YoY basis, Interest Expense - Fed Funds climbed as much as 73.25% in 2021 and fell as far as 642.33% in 2021.
- First Bancorp's Interest Expense - Fed Funds stood at $1.2 million in 2019, then rose by 17.7% to $1.4 million in 2020, then sank by 642.33% to -$7.4 million in 2021, then surged by 30.6% to -$5.1 million in 2022, then jumped by 46.28% to -$2.8 million in 2023.
- Business Quant data shows FBP's Interest Expense - Fed Funds at -$2.8 million in Q4 2023, $359000.0 in Q3 2023, and $1.3 million in Q2 2023.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - |
| 10 | First Bancorp | 4.37 Bn | -15.22 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -2.76 Mn |
| Sep 30, 2023 | 359,000.00 |
| Jun 30, 2023 | 1.33 Mn |
| Mar 31, 2023 | 1.07 Mn |
| Dec 31, 2022 | -5.13 Mn |
| Sep 30, 2022 | 1.99 Mn |
| Jun 30, 2022 | 1.97 Mn |
| Dec 31, 2021 | -7.39 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 |
| Dec 31, 2018 | 2.23 Mn |