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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.
  • First Bancorp's Research & Development amounted to $2.3 million in Q4 2022, which was up 238.1% from $2.3 million recorded in Q3 2022.
  • First Bancorp's Research & Development's 5-year high stood at $2.5 million during Q4 2020, with a 5-year trough of $1.5 million in Q1 2018.
  • For the 5-year period, First Bancorp's Research & Development averaged around $2.0 million, with its median value being $1.9 million (2020).
  • As far as peak fluctuations go, First Bancorp's Research & Development skyrocketed by 5474.54% in 2020, and later plummeted by 1782.3% in 2022.
  • Quarter analysis of 5 years shows First Bancorp's Research & Development 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 stands at $2.3 million for Q4 2022, versus $2.3 million for Q3 2022 and $2.0 million for Q2 2022.