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First Bancorp (FBP) Tax Rate: 2016-2022

Historic Tax Rate for First Bancorp (FBP) over the last 5 years, with Dec 2022 value amounting to 31.27%.

  • First Bancorp's Tax Rate fell 482.00% to 31.27% in Q4 2022 from the same period last year, while for Dec 2022 it was 31.83%, marking a year-over-year decrease of 249.00%. This contributed to the annual value of 23.64% for FY2024, which is 16.00% down from last year.
  • Latest data reveals that First Bancorp reported Tax Rate of 31.27% as of Q4 2022, which was up 4.11% from 30.04% recorded in Q3 2022.
  • In the past 5 years, First Bancorp's Tax Rate registered a high of 74.01% during Q4 2018, and its lowest value of 22.14% during Q2 2020.
  • Over the past 3 years, First Bancorp's median Tax Rate value was 31.38% (recorded in 2021), while the average stood at 30.92%.
  • Per our database at Business Quant, First Bancorp's Tax Rate surged by 1,578bps in 2018 and then slumped by 4,209bps in 2019.
  • First Bancorp's Tax Rate (Quarterly) stood at 74.01% in 2018, then slumped by 4,209bps to 31.93% in 2019, then crashed by 846bps to 23.47% in 2020, then surged by 1,262bps to 36.09% in 2021, then crashed by 482bps to 31.27% in 2022.
  • Its Tax Rate was 31.27% in Q4 2022, compared to 30.04% in Q3 2022 and 31.35% in Q2 2022.