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First Bancorp (FBP) Research & Development: 2016-2022

Historic Research & Development for First Bancorp (FBP) over the last 7 years, with Dec 2022 value amounting to $2.3 million.

  • First Bancorp's Research & Development rose 2.38% to $2.3 million in Q4 2022 from the same period last year, while for Dec 2022 it was $8.7 million, marking a year-over-year decrease of 7.07%. This contributed to the annual value of $8.8 million for FY2024, which is 2.55% up from last year.
  • Per First Bancorp's latest filing, its Research & Development stood at $2.3 million for Q4 2022, which was up 2.20% from $2.3 million recorded in Q3 2022.
  • In the past 5 years, First Bancorp's Research & Development registered a high of $2.5 million during Q4 2020, and its lowest value of $1.5 million during Q1 2018.
  • In the last 3 years, First Bancorp's Research & Development had a median value of $2.3 million in 2021 and averaged $2.2 million.
  • In the last 5 years, First Bancorp's Research & Development spiked by 54.75% in 2020 and then decreased by 17.82% in 2022.
  • Over the past 5 years, First Bancorp's Research & Development (Quarterly) stood at $1.7 million in 2018, then fell by 4.50% to $1.6 million in 2019, then skyrocketed by 54.75% to $2.5 million in 2020, then decreased by 7.88% to $2.3 million in 2021, then climbed by 2.38% to $2.3 million in 2022.
  • Its last three reported values are $2.3 million in Q4 2022, $2.3 million for Q3 2022, and $2.0 million during Q2 2022.