First Bancorp (FBP) Operating Expenses (2010 - 2026)
First Bancorp's (FBP) quarterly Operating Expenses came in at $127.3 million in Q2 2026, up 3.23% year-over-year from $123.3 million in Q2 2025, and little changed quarter-over-quarter from $127.1 million in Q1 2026.
Analysis
First Bancorp (FBP) Operating Expenses (2010 - 2026) Analysis & Trends
First Bancorp (FBP) has reported Operating Expenses for 17 consecutive years, with $127.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 3.23% year-over-year to $127.3 million in Q2 2026; TTM through Jun 2026 was $506.2 million, a 2.5% increase from a year earlier, with the FY2025 full-year figure at $498.1 million, up 2.27% from the prior year.
- Operating Expenses was $127.3 million for Q2 2026 at First Bancorp, roughly flat from $127.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $127.3 million in Q2 2026 and troughed at $106.7 million in Q1 2022.
- A 5-year average of $119.7 million and a median of $121.9 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses decreased 19.99% in 2022 and climbed 12.11% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $112.9 million in 2022, then gained by 12.11% to $126.6 million in 2023, then dropped by 1.64% to $124.5 million in 2024, then gained by 1.88% to $126.9 million in 2025, then increased by 0.36% to $127.3 million in 2026.
- The last three Operating Expenses figures came in at $127.3 million (Q2 2026), $127.1 million (Q1 2026), and $126.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -259.95 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 3.06 Bn |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | 2.11 Bn |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | 1.35 Bn |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | 1.81 Bn |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | 1.39 Bn |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | 1.12 Bn |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | 1.22 Bn |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | 1.55 Bn |
| 10 | First Bancorp | 4.21 Bn | -15.50 Bn | - | 127.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 127.32 Mn |
| Mar 31, 2026 | 127.11 Mn |
| Dec 31, 2025 | 126.87 Mn |
| Sep 30, 2025 | 124.89 Mn |
| Jun 30, 2025 | 123.34 Mn |
| Mar 31, 2025 | 123.02 Mn |
| Dec 31, 2024 | 124.53 Mn |
| Sep 30, 2024 | 122.94 Mn |
| Jun 30, 2024 | 118.68 Mn |
| Mar 31, 2024 | 120.92 Mn |
| Dec 31, 2023 | 126.61 Mn |
| Sep 30, 2023 | 116.64 Mn |
| Jun 30, 2023 | 112.92 Mn |
| Mar 31, 2023 | 115.27 Mn |
| Dec 31, 2022 | 112.93 Mn |
| Sep 30, 2022 | 115.19 Mn |
| Jun 30, 2022 | 108.33 Mn |
| Mar 31, 2022 | 106.66 Mn |
| Dec 31, 2021 | 111.47 Mn |
| Sep 30, 2021 | 114.04 Mn |