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First Bancorp (FBP) Tax Rate: 2012-2024

Historic Tax Rate for First Bancorp (FBP) over the last 10 years, with Dec 2024 value amounting to 23.64%.

  • 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.
  • Per First Bancorp's latest filing, its Tax Rate stood at 23.64% for FY2024, which was down 0.65% from 23.80% recorded in FY2023.
  • Over the past 5 years, First Bancorp's Tax Rate peaked at 34.31% during FY2021, and registered a low of 12.08% during FY2020.
  • Its 3-year average for Tax Rate is 26.43%, with a median of 23.80% in 2023.
  • In the last 5 years, First Bancorp's Tax Rate plummeted by 1,800bps in 2020 and then skyrocketed by 2,223bps in 2021.
  • Over the past 5 years, First Bancorp's Tax Rate (Yearly) stood at 12.08% in 2020, then skyrocketed by 2,223bps to 34.31% in 2021, then plummeted by 247bps to 31.84% in 2022, then plummeted by 804bps to 23.80% in 2023, then fell by 16bps to 23.64% in 2024.