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

Historic Research & Development for First Bancorp (FBP) over the last 7 years, with Q4 2022 value amounting to $2.3 million.

  • First Bancorp's Research & Development rose 238.1% 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 707.36%. This contributed to the annual value of $8.8 million for FY2024, which is 254.64% up from last year.
  • Latest data reveals that First Bancorp reported Research & Development of $2.3 million as of Q4 2022, which was up 238.1% from $2.3 million recorded in Q3 2022.
  • In the past 5 years, First Bancorp's Research & Development ranged from a high of $2.5 million in Q4 2020 and a low of $1.5 million during Q1 2018
  • Over the past 5 years, First Bancorp's median Research & Development value was $1.9 million (recorded in 2020), while the average stood at $2.0 million.
  • In the last 5 years, First Bancorp's Research & Development skyrocketed by 5474.54% in 2020 and then plummeted by 1782.3% in 2022.
  • First Bancorp's Research & Development (Quarter) stood at $1.7 million in 2018, then decreased by 4.5% to $1.6 million in 2019, then surged by 54.75% to $2.5 million in 2020, then dropped by 7.88% to $2.3 million in 2021, then grew by 2.38% to $2.3 million in 2022.
  • Its Research & Development was $2.3 million in Q4 2022, compared to $2.3 million in Q3 2022 and $2.0 million in Q2 2022.