KPIs & Operating Metrics(New)

First Bancorp (FBP) Tax Rate (2016 - 2022)

First Bancorp (FBP) has disclosed Tax Rate for 7 consecutive years, with 31.31% as the latest value for Q4 2022.

  • Quarterly Tax Rate fell 480.0% to 31.31% in Q4 2022 from the year-ago period, while the trailing twelve-month figure was 31.83% through Dec 2022, down 248.0% year-over-year, with the annual reading at 17.25% for FY2025, 639.0% down from the prior year.
  • Tax Rate for Q4 2022 was 31.31% at First Bancorp, up from 30.01% in the prior quarter.
  • The five-year high for Tax Rate was 427.96% in Q1 2020, with the low at 70.8% in Q4 2019.
  • Average Tax Rate over 5 years is 35.0%, with a median of 30.18% recorded in 2019.
  • The sharpest move saw Tax Rate surged 39905bps in 2020, then crashed -39654bps in 2021.
  • Over 5 years, Tax Rate stood at 32.19% in 2018, then crashed by -320bps to 70.8% in 2019, then skyrocketed by 133bps to 23.43% in 2020, then surged by 54bps to 36.11% in 2021, then decreased by -13bps to 31.31% in 2022.
  • According to Business Quant data, Tax Rate over the past three periods came in at 31.31%, 30.01%, and 31.34% for Q4 2022, Q3 2022, and Q2 2022 respectively.