First BanCorp (First BanCorp) Research & Development : $0.00 Mil (TTM As of Dec. 2023)

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What is First BanCorp Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. First BanCorp's Research & Development for the three months ended in Dec. 2023 was $0.00 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $0.00 Mil.

First BanCorp Research & Development Historical Data

The historical data trend for First BanCorp's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First BanCorp Research & Development Chart

First BanCorp Annual Data

Trend

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Research & Development

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First BanCorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial															-	-	-	-	-

First BanCorp Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

First BanCorp (OTCPK:FBPRM.PFD) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

First BanCorp Research & Development Related Terms

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First BanCorp (First BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (OTCPK:FBPRM.PFD) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

FBP:USA OLWN:Germany

Address

1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908

Website

https://www.1firstbank.com

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.