First Bancorp (FBP) Rent Expense (2010 - 2026)
First Bancorp (FBP) posted quarterly Rent Expense of $21.8 million for Q4 2025, down 4.28% year-over-year from $22.8 million in Q4 2024, and down 1.75% quarter-over-quarter from $22.2 million in Q3 2025.
First Bancorp (FBP) Rent Expense (2010 - 2026) Analysis & Trends
First Bancorp (FBP) has reported Rent Expense for 16 consecutive years, with $21.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Rent Expense fell 4.28% year-over-year to $21.8 million; the TTM figure through Dec 2025 stood at $88.9 million (up 0.55% YoY), while the FY2025 annual figure was $88.9 million, up 0.55% from the prior year.
- Rent Expense fell 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.
- Historically, Rent Expense has averaged $22.2 million across 5 years, with a median of $22.0 million in 2024.
- Annual changes were most pronounced in 2021 — Rent Expense soared 60.26% — and 2022, when it dropped 10.83%.
- First Bancorp's Rent Expense stood at $21.6 million in 2021, then grew by 1.18% to $21.8 million in 2022, then grew by 0.02% to $21.8 million in 2023, then climbed by 4.23% to $22.8 million in 2024, then decreased by 4.28% to $21.8 million in 2025.
- Business Quant data shows FBP's Rent Expense at $21.8 million in Q4 2025, $22.2 million in Q3 2025, and $22.3 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | First Bancorp | 4.34 Bn | -15.25 Bn | - | 22.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.11 Mn |
| Jun 30, 2026 | 22.11 Mn |
| Dec 31, 2025 | 21.80 Mn |
| Dec 31, 2025 | 21.80 Mn |
| Sep 30, 2025 | 22.19 Mn |
| Sep 30, 2025 | 22.19 Mn |
| Jun 30, 2025 | 22.30 Mn |
| Jun 30, 2025 | 22.30 Mn |
| Mar 31, 2025 | 22.63 Mn |
| Mar 31, 2025 | 22.63 Mn |
| Dec 31, 2024 | 22.77 Mn |
| Dec 31, 2024 | 22.77 Mn |
| Sep 30, 2024 | 22.42 Mn |
| Sep 30, 2024 | 22.42 Mn |
| Jun 30, 2024 | 21.85 Mn |
| Jun 30, 2024 | 21.85 Mn |
| Mar 31, 2024 | 21.38 Mn |
| Mar 31, 2024 | 21.38 Mn |
| Dec 31, 2023 | 21.85 Mn |
| Dec 31, 2023 | 21.85 Mn |