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First Bancorp (FBP) Operating Expenses: 2016-2022

Historic Operating Expenses for First Bancorp (FBP) over the last 7 years, with Dec 2022 value amounting to $112.9 million.

  • First Bancorp's Operating Expenses rose 1.32% to $112.9 million in Q4 2022 from the same period last year, while for Dec 2022 it was $443.1 million, marking a year-over-year decrease of 9.38%. This contributed to the annual value of $487.1 million for FY2024, which is 3.32% up from last year.
  • As of Q4 2022, First Bancorp's Operating Expenses stood at $112.9 million, which was down 1.96% from $115.2 million recorded in Q3 2022.
  • In the past 5 years, First Bancorp's Operating Expenses ranged from a high of $134.8 million in Q4 2020 and a low of $86.0 million during Q1 2018.
  • Moreover, its 3-year median value for Operating Expenses was $112.2 million (2021), whereas its average is $113.0 million.
  • Per our database at Business Quant, First Bancorp's Operating Expenses spiked by 44.98% in 2021 and then dropped by 19.99% in 2022.
  • First Bancorp's Operating Expenses (Quarterly) stood at $91.0 million in 2018, then grew by 12.48% to $102.3 million in 2019, then spiked by 31.71% to $134.8 million in 2020, then decreased by 17.29% to $111.5 million in 2021, then grew by 1.32% to $112.9 million in 2022.
  • Its Operating Expenses stands at $112.9 million for Q4 2022, versus $115.2 million for Q3 2022 and $108.3 million for Q2 2022.