First Bancorp (FBP) Rent Expense (2010 - 2025)

First Bancorp (FBP) has 16 years of Rent Expense data on file, last reported at $21.8 million in Q4 2025.

• Quarterly Rent Expense fell 4.28% year-over-year to $21.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $88.9 million (up 0.55% YoY) and the FY2025 annual result came in at $88.9 million, up 0.55% from the prior year.
• Rent Expense eased to $21.8 million in Q4 2025 per FBP's latest filing, from $22.2 million in the prior quarter.
• Across five years, Rent Expense topped out at $24.2 million in Q1 2021 and bottomed at $21.1 million in Q2 2023.
• The 5-year median for Rent Expense is $22.0 million (2024), against an average of $22.2 million.
• The widest annual swing landed in 2021, when Rent Expense jumped 60.26%; it then decreased 10.83% in 2022.
• Tracing FBP's Rent Expense over 5 years: stood at $21.6 million in 2021, then gained by 1.18% to $21.8 million in 2022, then gained by 0.02% to $21.8 million in 2023, then rose by 4.23% to $22.8 million in 2024, then declined by 4.28% to $21.8 million in 2025.
• Per Business Quant, the three latest FBP Rent Expense figures stand at $21.8 million (Q4 2025), $22.2 million (Q3 2025), and $22.3 million (Q2 2025).

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