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First Bancorp (FBP) Interest Expense - Fed Funds: 2009-2023

Historic Interest Expense - Fed Funds for First Bancorp (FBP) over the last 15 years, with Dec 2023 value amounting to $2.8 million.

  • 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.
  • Per First Bancorp's latest filing, its Interest Expense - Fed Funds stood at $2.8 million for FY2023, which was down 57.65% from $6.5 million recorded in FY2022.
  • First Bancorp's 5-year Interest Expense - Fed Funds high stood at $10.0 million for FY2021, and its period low was $2.8 million during FY2023.
  • For the 3-year period, First Bancorp's Interest Expense - Fed Funds averaged around $6.4 million, with its median value being $6.5 million (2022).
  • In the last 5 years, First Bancorp's Interest Expense - Fed Funds surged by 49.93% in 2021 and then crashed by 57.65% in 2023.
  • Yearly analysis of 5 years shows First Bancorp's Interest Expense - Fed Funds stood at $6.6 million in 2019, then fell by 0.03% to $6.6 million in 2020, then soared by 49.93% to $10.0 million in 2021, then tumbled by 34.38% to $6.5 million in 2022, then crashed by 57.65% to $2.8 million in 2023.