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First Bancorp (FBP) Rent Expense (2016 - 2022)

Historic Rent Expense for First Bancorp (FBP) over the last 7 years, with Q4 2022 value amounting to $21.8 million.

  • First Bancorp's Rent Expense rose 117.65% to $21.8 million in Q4 2022 from the same period last year, while for Dec 2022 it was $88.3 million, marking a year-over-year decrease of 533.6%. This contributed to the annual value of $88.4 million for FY2024, which is 292.86% up from last year.
  • Latest data reveals that First Bancorp reported Rent Expense of $21.8 million as of Q4 2022, which was up 117.65% from $22.5 million recorded in Q3 2022.
  • In the past 5 years, First Bancorp's Rent Expense registered a high of $24.2 million during Q1 2021, and its lowest value of $13.7 million during Q2 2018.
  • Moreover, its 5-year median value for Rent Expense was $17.7 million (2020), whereas its average is $18.9 million.
  • In the last 5 years, First Bancorp's Rent Expense surged by 6025.65% in 2021 and then crashed by 1082.68% in 2022.
  • First Bancorp's Rent Expense (Quarter) stood at $14.4 million in 2018, then increased by 11.92% to $16.2 million in 2019, then surged by 49.01% to $24.1 million in 2020, then fell by 10.29% to $21.6 million in 2021, then grew by 1.18% to $21.8 million in 2022.
  • Its Rent Expense was $21.8 million in Q4 2022, compared to $22.5 million in Q3 2022 and $21.5 million in Q2 2022.