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First Bancorp (FBP) Rent Expense: 2016-2022

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

  • First Bancorp's Rent Expense rose 1.18% 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 5.34%. This contributed to the annual value of $88.4 million for FY2024, which is 2.93% up from last year.
  • As of Q4 2022, First Bancorp's Rent Expense stood at $21.8 million, which was down 3.11% from $22.5 million recorded in Q3 2022.
  • Over the past 5 years, First Bancorp's Rent Expense peaked at $24.2 million during Q1 2021, and registered a low of $13.7 million during Q2 2018.
  • In the last 3 years, First Bancorp's Rent Expense had a median value of $22.1 million in 2022 and averaged $21.3 million.
  • Per our database at Business Quant, First Bancorp's Rent Expense spiked by 60.26% in 2021 and then decreased by 10.83% in 2022.
  • First Bancorp's Rent Expense (Quarterly) stood at $14.4 million in 2018, then rose by 11.92% to $16.2 million in 2019, then spiked by 49.01% to $24.1 million in 2020, then dropped by 10.29% to $21.6 million in 2021, then grew by 1.18% to $21.8 million in 2022.
  • Its last three reported values are $21.8 million in Q4 2022, $22.5 million for Q3 2022, and $21.5 million during Q2 2022.