First Bancorp (FBP) Research & Development (2012 - 2026)

First Bancorp (FBP) has reported Research & Development for 15 consecutive years, with $2.2 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Research & Development rose 1.18% year-over-year to $2.2 million in Q2 2026; TTM through Jun 2026 was $9.1 million, a 2.55% increase from a year earlier, with the FY2025 full-year figure at $9.0 million, up 2.87% from the prior year.
• Research & Development was $2.2 million for Q2 2026 at First Bancorp, down from $2.3 million in the prior quarter.
• Over five years, Research & Development peaked at $2.3 million in Q4 2022 and troughed at $2.0 million in Q2 2022.
• A 5-year average of $2.2 million and a median of $2.2 million in 2023 frame the typical range for Research & Development.
• Across the five-year window, Research & Development dropped 17.82% in 2022 and climbed 13.5% in 2024, its largest moves.
• Over 5 years, Research & Development stood at $2.3 million in 2022, then retreated by 8.1% to $2.1 million in 2023, then climbed by 5.48% to $2.3 million in 2024, then rose by 1.47% to $2.3 million in 2025, then retreated by 2.19% to $2.2 million in 2026.
• The last three Research & Development figures came in at $2.2 million (Q2 2026), $2.3 million (Q1 2026), and $2.3 million (Q4 2025), per Business Quant data.