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

First Bancorp (FBP) has disclosed Research & Development for 7 consecutive years, with $2.3 million as the latest value for Q4 2022.

  • Quarterly Research & Development rose 2.38% to $2.3 million in Q4 2022 from the year-ago period, while the trailing twelve-month figure was $8.7 million through Dec 2022, down 7.07% year-over-year, with the annual reading at $9.0 million for FY2025, 2.87% up from the prior year.
  • Research & Development for Q4 2022 was $2.3 million at First Bancorp, up from $2.3 million in the prior quarter.
  • The five-year high for Research & Development was $2.5 million in Q4 2020, with the low at $1.5 million in Q1 2018.
  • Average Research & Development over 5 years is $2.0 million, with a median of $1.9 million recorded in 2020.
  • The sharpest move saw Research & Development skyrocketed 54.75% in 2020, then fell 17.82% in 2022.
  • Over 5 years, Research & Development stood at $1.7 million in 2018, then decreased by 4.5% to $1.6 million in 2019, then soared by 54.75% to $2.5 million in 2020, then dropped by 7.88% to $2.3 million in 2021, then rose by 2.38% to $2.3 million in 2022.
  • According to Business Quant data, Research & Development over the past three periods came in at $2.3 million, $2.3 million, and $2.0 million for Q4 2022, Q3 2022, and Q2 2022 respectively.