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First Citizens BancShares (FCNCA) Financials

First Citizens BancShares logo
$1,822.27 -18.77 (-1.02%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$1,821.24 -1.03 (-0.06%)
As of 05/23/2025 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for First Citizens BancShares

Annual Income Statements for First Citizens BancShares

This table shows First Citizens BancShares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 2,716 11,407 1,048 529 478 457 400 324 225 210
Consolidated Net Income / (Loss)		 2,777 11,466 1,098 547 492 457 400 324 225 210
Net Income / (Loss) Continuing Operations		 2,777 11,466 1,098 547 492 457 400 324 225 210
Total Pre-Tax Income 		3,592 12,077 1,362 701 618 592 504 544 351 332
Total Revenue		 9,758 18,787 5,082 1,898 1,865 1,727 1,609 1,582 1,322 1,392
Net Interest Income / (Expense)		 7,143 6,712 2,946 1,390 1,388 1,311 1,209 1,060 945 925
Total Interest Income		 12,353 10,391 3,413 1,451 1,484 1,404 1,246 1,104 988 969
Loans and Leases Interest Income		 9,528 8,187 2,953 1,295 1,333 1,217 1,073 956 876 875
Investment Securities Interest Income		 1,347 648 354 145 144 160 151 121 97 88
Deposits and Money Market Investments Interest Income		 1,478 1,556 106 11 7.00 26 22 27 15 6.07
Total Interest Expense		 5,210 3,679 467 61 96 93 37 44 43 44
Deposits Interest Expense		 3,864 2,497 335 33 67 76 22 16 18 21
Long-Term Debt Interest Expense		 1,346 1,182 132 28 29 13 12 25 23 18
Total Non-Interest Income		 2,615 12,075 2,136 508 477 416 400 522 377 467
Other Service Charges		 1,520 1,313 822 36 385 18 20 29 53 432
Net Realized & Unrealized Capital Gains on Investments		 34 9,802 453 469 60 49 19 175 60 54
Other Non-Interest Income		 1,061 960 861 3.00 32 349 361 318 265 -19
Provision for Credit Losses		 431 1,375 645 -37 58 31 28 26 33 21
Total Non-Interest Expense		 5,735 5,335 3,075 1,234 1,189 1,104 1,077 1,012 938 1,039
Salaries and Employee Benefits		 3,078 2,636 1,408 759 722 551 528 491 444 430
Net Occupancy & Equipment Expense		 965 888 596 236 233 223 212 202 195 191
Marketing Expense		 76 102 53 10 10 - - - - -
Property & Liability Insurance Claims		 138 158 31 14 13 11 19 22 21 18
Other Operating Expenses		 811 653 388 174 179 301 312 288 273 386
Depreciation Expense		 394 371 345 0.00 0.00 - - - - -
Amortization Expense		 63 57 23 12 15 - - - - -
Restructuring Charge		 210 470 231 29 17 17 6.46 9.02 5.34 14
Income Tax Expense		 815 611 264 154 126 135 103 220 126 122
Preferred Stock Dividends Declared		 61 59 50 18 14 0.00 0.00 - - -
Basic Earnings per Share		 $189.42 $785.14 $67.47 $53.88 $47.50 $41.05 $33.53 $29.96 $18.77 $17.52
Weighted Average Basic Shares Outstanding		 14.34M 14.53M 15.53M 9.82M 10.06M 11.14M 11.94M 12.01M 12.01M 12.01M
Diluted Earnings per Share		 $189.41 $784.51 $67.40 $53.88 $47.50 - - $29.96 - $17.52
Weighted Average Diluted Shares Outstanding		 14.34M 14.54M 15.55M 9.82M 10.06M 10.51M 11.90M 12.01M 6M 12M
Weighted Average Basic & Diluted Shares Outstanding		 13.58M 14.52M 14.51M 15.98M 9.82M 10.51M 11.90M 12.01M 6M 12M
Cash Dividends to Common per Share		 $6.87 $3.89 $2.16 $1.88 $1.67 $1.60 $1.45 $1.25 $1.20 $1.20

Quarterly Income Statements for First Citizens BancShares

This table shows First Citizens BancShares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 685 624 691 716 499 737 667 9,504 243 303
Consolidated Net Income / (Loss)		 700 639 707 731 514 752 682 9,518 257 315
Net Income / (Loss) Continuing Operations		 700 639 707 731 514 752 682 9,518 257 315
Total Pre-Tax Income 		736 873 979 1,004 713 997 896 9,471 392 408
Total Revenue		 2,408 2,446 2,460 2,444 2,454 2,605 2,619 11,109 1,231 1,228
Net Interest Income / (Expense)		 1,709 1,796 1,821 1,817 1,911 1,990 1,961 850 802 795
Total Interest Income		 3,001 3,138 3,130 3,084 3,117 3,110 2,953 1,211 1,040 906
Loans and Leases Interest Income		 2,322 2,430 2,422 2,354 2,391 2,426 2,353 1,017 892 785
Investment Securities Interest Income		 377 358 330 282 241 180 120 107 92 90
Deposits and Money Market Investments Interest Income		 302 350 378 448 485 504 480 87 56 31
Total Interest Expense		 1,292 1,342 1,309 1,267 1,206 1,120 992 361 238 111
Deposits Interest Expense		 957 1,004 975 928 865 769 575 288 176 78
Long-Term Debt Interest Expense		 335 338 334 339 341 351 417 73 62 33
Total Non-Interest Income		 699 650 639 627 543 615 658 10,259 429 433
Other Service Charges		 404 370 378 368 698 358 36 221 226 205
Net Realized & Unrealized Capital Gains on Investments		 15 9.00 2.00 8.00 -644 10 622 9,814 2.00 3.00
Other Non-Interest Income		 280 271 259 251 - 247 - 224 201 225
Provision for Credit Losses		 155 117 95 64 249 192 151 783 79 60
Total Non-Interest Expense		 1,517 1,456 1,386 1,376 1,492 1,416 1,572 855 760 760
Salaries and Employee Benefits		 801 788 745 744 714 727 775 420 354 353
Net Occupancy & Equipment Expense		 251 249 244 221 238 233 253 164 150 154
Marketing Expense		 24 20 18 14 24 22 41 15 21 15
Property & Liability Insurance Claims		 33 31 33 41 82 36 22 18 5.00 5.00
Other Operating Expenses		 229 208 189 185 205 165 167 116 107 108
Depreciation Expense		 101 99 98 96 96 95 91 89 88 87
Amortization Expense		 16 15 15 17 17 17 18 5.00 6.00 5.00
Restructuring Charge		 62 46 44 58 116 121 205 28 29 33
Income Tax Expense		 36 234 272 273 199 245 214 -47 135 93
Preferred Stock Dividends Declared		 15 15 16 15 15 15 15 14 14 12
Basic Earnings per Share		 $49.19 $43.42 $47.54 $49.27 $34.31 $50.71 $45.90 $654.22 $16.63 $19.27
Weighted Average Basic Shares Outstanding		 14.34M 14.38M 14.53M 14.53M 14.53M 14.53M 14.53M 14.53M 15.53M 15.71M
Diluted Earnings per Share		 $49.19 $43.42 $47.54 $49.26 $34.33 $50.67 $45.87 $653.64 $16.59 $19.25
Weighted Average Diluted Shares Outstanding		 14.34M 14.38M 14.53M 14.54M 14.54M 14.54M 14.54M 14.54M 15.55M 15.73M
Weighted Average Basic & Diluted Shares Outstanding		 13.58M 13.99M 14.47M 14.53M 14.52M 14.52M 14.52M 14.52M 14.51M 14.50M

Annual Cash Flow Statements for First Citizens BancShares

This table details how cash moves in and out of First Citizens BancShares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -94 390 180 -24 -15 49 -8.71 -204 5.66 -70
Net Cash From Operating Activities		 2,988 2,660 2,791 -284 376 578 454 355 231 233
Net Cash From Continuing Operating Activities		 2,988 2,660 2,791 -284 376 578 454 355 231 233
Net Income / (Loss) Continuing Operations		 2,777 11,466 1,098 547 492 457 400 324 225 210
Consolidated Net Income / (Loss)		 2,777 11,466 1,098 547 492 457 400 324 225 210
Provision For Loan Losses		 431 1,375 645 -37 58 31 28 26 33 21
Depreciation Expense		 130 -57 533 143 133 104 97 91 89 88
Non-Cash Adjustments to Reconcile Net Income		 1,257 -9,211 270 914 885 39 -66 5.09 -16 -47
Changes in Operating Assets and Liabilities, net		 -1,607 -913 245 -1,851 -1,192 -50 2.98 -73 -78 24
Net Cash From Investing Activities		 -10,155 2,429 75 -7,568 -9,908 -1,596 101 -669 -1,100 -1,248
Net Cash From Continuing Investing Activities		 -10,155 2,429 75 -7,568 -9,908 -1,596 101 -669 -1,100 -1,248
Purchase of Property, Leasehold Improvements and Equipment		 -1,535 -1,428 -926 -107 -133 -121 -140 -85 -82 -90
Purchase of Investment Securities		 -31,245 -13,052 -2,740 -7,778 -14,643 -5,257 -1,552 -4,862 -5,302 -4,118
Sale of Property, Leasehold Improvements and Equipment		 250 0.00 13 1.00 1.00 0.13 1.72 3.06 0.00 0.00
Divestitures		 0.00 - - - - - - - - 0.00
Sale and/or Maturity of Investments		 22,448 16,005 4,132 316 4,867 5,102 2,971 4,283 4,325 3,015
Other Investing Activities, net		 -73 94 -538 0.00 0.00 -1,321 -1,024 -7.73 -20 -22
Net Cash From Financing Activities		 7,073 -4,699 -2,686 7,828 9,517 1,067 -564 110 876 945
Net Cash From Continuing Financing Activities		 7,073 -4,699 -2,686 7,828 9,517 1,067 -564 110 876 945
Net Change in Deposits		 9,461 265 -1,691 7,976 8,979 1,439 490 0.87 782 1,017
Issuance of Debt		 0.00 10,491 6,959 0.00 746 200 125 175 150 350
Repayment of Debt		 -450 -15,370 -6,454 -54 -87 -101 -999 -52 -42 -404
Repurchase of Common Equity		 -1,648 0.00 -1,240 0.00 -334 -453 -163 0.00 0.00 0.00
Payment of Dividends		 -158 -117 -83 -42 -30 -18 -17 -14 -14 -18
Other Financing Activities, Net		 -132 32 -177 -52 -97 - - - - 0.00
Cash Interest Paid		 5,079 3,686 525 62 105 78 37 44 45 47
Cash Income Taxes Paid		 763 514 -551 870 117 83 74 89 109 137

Quarterly Cash Flow Statements for First Citizens BancShares

This table details how cash moves in and out of First Citizens BancShares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -48 98 66 -210 117 -125 -682 1,080 37 -102
Net Cash From Operating Activities		 1,119 991 417 461 901 1,205 916 -362 1,054 506
Net Cash From Continuing Operating Activities		 1,119 991 417 461 901 1,205 916 -362 1,054 506
Net Income / (Loss) Continuing Operations		 700 639 707 731 514 752 682 9,518 257 315
Consolidated Net Income / (Loss)		 700 639 707 731 514 752 682 9,518 257 315
Provision For Loan Losses		 155 117 95 64 249 192 151 783 79 60
Depreciation Expense		 94 42 6.00 -12 -45 -102 -34 124 134 136
Non-Cash Adjustments to Reconcile Net Income		 564 367 87 239 53 776 -168 -9,872 186 153
Changes in Operating Assets and Liabilities, net		 -394 -174 -478 -561 130 -413 285 -915 398 -158
Net Cash From Investing Activities		 -3,744 -301 -1,819 -4,291 -358 -3,754 3,913 2,628 -730 -1,887
Net Cash From Continuing Investing Activities		 -3,744 -301 -1,819 -4,291 -358 -3,754 3,913 2,628 -730 -1,887
Purchase of Property, Leasehold Improvements and Equipment		 -441 -471 -338 -285 -416 -298 -382 -332 -381 -167
Purchase of Investment Securities		 -11,224 -2,114 -9,215 -8,692 -10,951 -6,212 3,273 838 -927 1,694
Sale of Property, Leasehold Improvements and Equipment		 101 46 37 66 -178 102 43 33 - -39
Sale and/or Maturity of Investments		 8,054 2,163 7,674 4,557 11,380 2,508 1,506 611 730 -3,452
Other Investing Activities, net		 -234 75 23 63 -193 215 -59 131 -152 77
Net Cash From Financing Activities		 2,577 -592 1,468 3,620 -426 2,424 -5,511 -1,186 -287 1,279
Net Cash From Continuing Financing Activities		 2,577 -592 1,468 3,620 -426 2,424 -5,511 -1,186 -287 1,279
Net Change in Deposits		 3,693 461 1,518 3,789 -315 4,894 1,132 -5,446 1,881 -1,786
Repayment of Debt		 -102 -316 -1.00 -31 -104 -2,443 -10,052 -2,771 -2,259 -653
Repurchase of Common Equity		 -948 - - - - - - - -448 -
Payment of Dividends		 -42 -38 -39 -39 -39 -26 -26 -26 -25 -20
Other Financing Activities, Net		 -24 1.00 -10 -99 31 -1.00 -55 57 -142 -71
Cash Interest Paid		 1,074 1,387 1,324 1,294 1,243 1,076 1,001 366 210 106
Cash Income Taxes Paid		 9.00 51 650 53 85 2.00 427 0.00 -539 -10

Annual Balance Sheets for First Citizens BancShares

This table presents First Citizens BancShares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 223,720 213,758 109,298 58,309 49,958 39,824 35,409 34,528 32,991 31,476
Cash and Due from Banks		 814 908 518 338 362 377 327 336 540 534
Interest Bearing Deposits at Other Banks		 21,364 33,609 5,025 9,115 - - - - - -
Trading Account Securities		 44,248 30,472 19,369 - 9,923 7,173 6,834 7,180 7,007 6,862
Loans and Leases, Net of Allowance		 138,545 131,555 69,859 0.00 32,568 28,656 25,300 23,375 21,519 20,034
Loans and Leases		 140,221 133,302 70,781 - 32,792 28,881 25,523 23,597 21,738 20,240
Allowance for Loan and Lease Losses		 1,676 1,747 922 - 224 225 224 222 219 206
Loans Held for Sale		 85 76 60 - 125 68 46 51 74 60
Premises and Equipment, Net		 9,323 8,746 9,612 - 1,251 1,244 1,204 1,138 1,133 1,136
Goodwill		 346 346 346 346 350 349 236 151 151 140
Intangible Assets		 249 312 140 19 51 68 72 73 78 91
Other Assets		 6,740 5,857 4,369 1,855 5,182 1,765 1,279 2,128 2,471 2,616
Total Liabilities & Shareholders' Equity		 223,720 213,758 109,298 58,309 49,958 39,824 35,409 34,528 32,991 31,476
Total Liabilities		 201,492 192,503 99,636 53,571 45,728 36,238 31,920 31,193 29,978 28,604
Non-Interest Bearing Deposits		 38,633 39,799 24,922 21,405 18,014 12,927 11,883 11,237 10,131 9,274
Interest Bearing Deposits		 116,596 106,055 64,486 30,001 25,418 21,504 18,790 18,029 18,031 17,656
Short-Term Debt		 367 485 2,186 589 730 443 558 694 603 595
Long-Term Debt		 36,684 37,169 4,459 1,195 1,160 884 334 870 833 704
Other Long-Term Liabilities		 9,212 8,995 3,583 381 407 480 355 363 381 374
Total Equity & Noncontrolling Interests		 22,228 21,255 9,662 4,738 4,229 3,586 3,489 3,334 3,012 2,872
Total Preferred & Common Equity		 22,228 21,255 9,662 4,738 4,229 3,586 3,489 3,334 3,012 2,872
Preferred Stock		 881 881 881 340 340 0.00 0.00 - - -
Total Common Equity		 21,347 20,374 8,781 4,398 3,889 3,586 3,489 3,334 3,012 2,872
Common Stock		 2,431 4,123 4,124 10 9.82 55 506 671 671 671
Retained Earnings		 19,361 16,742 5,392 4,378 3,867 3,658 3,219 2,785 2,477 2,266
Accumulated Other Comprehensive Income / (Loss)		 -445 -491 -735 10 12 -127 -235 -122 -135 -64

Quarterly Balance Sheets for First Citizens BancShares

This table presents First Citizens BancShares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 220,567 219,827 217,836 213,765 209,502 214,658 109,310
Cash and Due from Banks		 862 764 698 791 917 1,598 481
Interest Bearing Deposits at Other Banks		 25,640 25,361 30,792 36,704 37,846 38,522 6,172
Trading Account Securities		 39,118 38,058 35,438 27,367 22,469 19,527 18,841
Loans and Leases, Net of Allowance		 137,017 137,641 133,633 131,529 131,378 136,683 68,908
Loans and Leases		 138,695 139,341 135,370 133,202 133,015 138,288 69,790
Allowance for Loan and Lease Losses		 1,678 1,700 1,737 1,673 1,637 1,605 882
Loans Held for Sale		 68 92 86 58 117 94 21
Premises and Equipment, Net		 9,186 8,945 10,717 10,429 10,313 10,074 9,394
Goodwill		 346 346 346 346 346 346 346
Intangible Assets		 265 280 295 329 347 364 145
Other Assets		 6,091 6,402 5,831 6,212 5,769 144,133 5,002
Total Liabilities & Shareholders' Equity		 220,567 219,827 217,836 213,765 209,502 214,658 109,310
Total Liabilities		 197,739 197,340 195,988 193,376 189,731 195,442 99,477
Non-Interest Bearing Deposits		 39,396 40,016 39,276 43,141 44,547 54,649 26,587
Interest Bearing Deposits		 112,178 111,063 110,333 103,092 96,617 85,401 60,966
Short-Term Debt		 391 386 395 453 454 1,009 3,128
Long-Term Debt		 36,770 37,072 37,145 37,259 39,685 45,085 5,215
Other Long-Term Liabilities		 9,004 8,803 8,839 9,431 8,428 9,298 3,581
Total Equity & Noncontrolling Interests		 22,828 22,487 21,848 20,389 19,771 19,216 9,833
Total Preferred & Common Equity		 22,828 22,487 21,848 20,389 19,771 19,216 9,833
Preferred Stock		 881 881 - 881 881 881 881
Total Common Equity		 21,947 21,606 21,848 19,508 18,890 18,335 8,952
Common Stock		 3,403 4,114 4,114 4,121 4,121 4,119 4,521
Retained Earnings		 18,703 18,102 17,435 16,267 15,541 14,885 5,160
Accumulated Other Comprehensive Income / (Loss)		 -159 -610 -582 -880 -772 -669 -729

Annual Metrics And Ratios for First Citizens BancShares

This table displays calculated financial ratios and metrics derived from First Citizens BancShares' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -48.06% 269.68% 167.76% 1.77% 7.98% 7.34% 1.72% 19.68% -5.04% 32.15%
EBITDA Growth		 -69.03% 534.30% 124.53% 12.38% 8.45% 17.02% -4.14% 48.03% 16.50% 50.62%
EBIT Growth		 -70.26% 786.71% 94.29% 13.43% 4.38% 17.56% -7.37% 54.87% 5.61% 63.27%
NOPAT Growth		 -75.78% 944.26% 100.73% 11.18% 7.57% 14.25% 23.65% 43.58% 7.18% 51.84%
Net Income Growth		 -75.78% 944.26% 100.73% 11.18% 7.57% 14.25% 23.65% 43.58% 7.18% 51.84%
EPS Growth		 -75.86% 1,063.96% 25.09% 13.43% 0.00% 0.00% 0.00% 0.00% 0.00% 29.20%
Operating Cash Flow Growth		 12.33% -4.69% 1,082.75% -175.53% -34.98% 27.43% 27.73% 54.12% -1.09% 27.88%
Free Cash Flow Firm Growth		 107.73% -258.42% -6,136.08% 120.16% -857.23% -108.13% 830.91% -139.61% 98.55% -225.32%
Invested Capital Growth		 0.63% 261.25% 150.03% 6.59% 24.54% 12.14% -10.56% 10.10% 6.66% 1,073.78%
Revenue Q/Q Growth		 -0.47% 6.96% 17.58% -0.76% 2.98% 1.69% 1.23% 8.64% -5.18% -1.63%
EBITDA Q/Q Growth		 4.55% 1.20% 21.24% -3.72% 9.71% -0.14% -1.43% 8.74% 2.87% -4.06%
EBIT Q/Q Growth		 0.64% 2.73% 21.28% -3.02% 7.53% 2.71% -1.41% 8.38% 4.19% -5.81%
NOPAT Q/Q Growth		 7.18% 2.29% 13.90% -2.73% 8.01% 2.79% 9.60% 0.53% 4.61% -8.74%
Net Income Q/Q Growth		 7.18% 2.29% 13.90% -2.73% 8.01% 2.79% 9.60% 0.53% 4.61% -8.74%
EPS Q/Q Growth		 8.51% 2.31% 7.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -10.84%
Operating Cash Flow Q/Q Growth		 7.87% -5.44% 49.73% -13.03% -4.89% 10.59% 19.03% 14.10% -10.92% -25.36%
Free Cash Flow Firm Q/Q Growth		 242.39% -8.43% 19.17% 21.37% 30.03% -119.39% 23.92% -207.24% 52.81% -340.46%
Invested Capital Q/Q Growth		 -1.18% 1.39% -10.28% 0.90% 1.64% 8.11% -2.30% 0.80% -4.41% -3.62%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 38.14% 63.98% 37.29% 44.47% 40.27% 40.09% 36.78% 39.02% 31.55% 25.72%
EBIT Margin		 36.81% 64.28% 26.80% 36.93% 33.14% 34.28% 31.30% 34.37% 26.56% 23.88%
Profit (Net Income) Margin		 28.46% 61.03% 21.61% 28.82% 26.38% 26.48% 24.88% 20.47% 17.06% 15.11%
Tax Burden Percent		 77.31% 94.94% 80.62% 78.03% 79.61% 77.25% 79.49% 59.55% 64.23% 63.29%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.69% 5.06% 19.38% 21.97% 20.39% 22.75% 20.51% 40.45% 35.77% 36.71%
Return on Invested Capital (ROIC)		 4.70% 30.49% 9.62% 8.65% 8.92% 9.84% 8.63% 6.93% 5.23% 9.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.70% 30.49% 9.62% 8.65% 8.92% 9.84% 8.63% 6.93% 5.23% 9.30%
Return on Net Nonoperating Assets (RNNOA)		 8.07% 43.68% 5.63% 3.55% 3.67% 3.09% 3.11% 3.28% 2.43% 5.63%
Return on Equity (ROE)		 12.77% 74.17% 15.25% 12.20% 12.59% 12.93% 11.73% 10.20% 7.66% 14.93%
Cash Return on Invested Capital (CROIC)		 4.07% -82.79% -76.11% 2.28% -12.94% -1.60% 19.77% -2.69% -1.22% -159.30%
Operating Return on Assets (OROA)		 1.64% 7.48% 1.63% 1.30% 1.38% 1.57% 1.44% 1.61% 1.09% 2.09%
Return on Assets (ROA)		 1.27% 7.10% 1.31% 1.01% 1.10% 1.22% 1.14% 0.96% 0.70% 1.32%
Return on Common Equity (ROCE)		 12.26% 69.95% 13.96% 11.27% 12.04% 12.93% 11.73% 10.20% 7.66% 14.93%
Return on Equity Simple (ROE_SIMPLE)		 12.49% 53.95% 11.36% 11.55% 11.63% 12.75% 11.47% 9.71% 7.49% 7.33%
Net Operating Profit after Tax (NOPAT)		 2,777 11,466 1,098 547 492 457 400 324 225 210
NOPAT Margin		 28.46% 61.03% 21.61% 28.82% 26.38% 26.48% 24.88% 20.47% 17.06% 15.11%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 42.21% 19.30% 40.48% 52.95% 51.74% 44.85% 45.98% 43.80% 48.33% 44.58%
Operating Expenses to Revenue		 58.77% 28.40% 60.51% 65.02% 63.75% 63.90% 66.93% 64.01% 70.95% 74.64%
Earnings before Interest and Taxes (EBIT)		 3,592 12,077 1,362 701 618 592 504 544 351 332
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,722 12,020 1,895 844 751 692 592 617 417 358
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.38 1.01 1.24 1.84 1.43 1.57 1.25 1.42 1.38 1.05
Price to Tangible Book Value (P/TBV)		 1.42 1.04 1.32 2.00 1.60 1.78 1.38 1.52 1.49 1.14
Price to Revenue (P/Rev)		 3.03 1.09 2.15 4.26 2.99 3.26 2.72 3.00 3.15 2.16
Price to Earnings (P/E)		 10.88 1.80 10.42 15.27 11.67 12.31 10.93 14.63 18.45 14.31
Dividend Yield		 0.33% 0.28% 0.29% 0.29% 0.29% 0.31% 0.39% 0.32% 0.35% 0.48%
Earnings Yield		 9.19% 55.57% 9.59% 6.55% 8.57% 8.12% 9.15% 6.83% 5.42% 6.99%
Enterprise Value to Invested Capital (EV/IC)		 0.76 0.42 0.79 0.12 1.22 1.34 1.13 1.22 1.14 0.91
Enterprise Value to Revenue (EV/Rev)		 4.64 1.31 2.54 0.40 3.99 3.81 3.07 3.77 3.83 2.71
Enterprise Value to EBITDA (EV/EBITDA)		 12.17 2.04 6.81 0.89 9.92 9.51 8.35 9.66 12.12 10.55
Enterprise Value to EBIT (EV/EBIT)		 12.62 2.03 9.48 1.07 12.05 11.12 9.81 10.97 14.40 11.36
Enterprise Value to NOPAT (EV/NOPAT)		 16.32 2.14 11.75 1.37 15.14 14.39 12.34 18.43 22.42 17.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.17 9.23 4.62 0.00 19.80 11.38 10.88 16.79 21.93 16.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.83 0.00 0.00 5.22 0.00 0.00 5.38 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.67 1.77 0.69 0.38 0.45 0.37 0.26 0.47 0.48 0.45
Long-Term Debt to Equity		 1.65 1.75 0.46 0.25 0.27 0.25 0.10 0.26 0.28 0.25
Financial Leverage		 1.72 1.43 0.59 0.41 0.41 0.31 0.36 0.47 0.46 0.61
Leverage Ratio		 10.06 10.45 11.64 12.07 11.49 10.63 10.25 10.64 10.96 11.29
Compound Leverage Factor		 10.06 10.45 11.64 12.07 11.49 10.63 10.25 10.64 10.96 11.29
Debt to Total Capital		 62.50% 63.92% 40.75% 27.35% 30.88% 27.01% 20.36% 31.93% 32.29% 31.14%
Short-Term Debt to Total Capital		 0.62% 0.82% 13.41% 9.03% 11.93% 9.02% 12.73% 14.16% 13.57% 14.26%
Long-Term Debt to Total Capital		 61.88% 63.10% 27.34% 18.32% 18.95% 17.99% 7.63% 17.77% 18.72% 16.88%
Preferred Equity to Total Capital		 1.49% 1.50% 5.40% 5.21% 5.56% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 36.01% 34.59% 53.85% 67.43% 63.56% 72.99% 79.64% 68.07% 67.71% 68.86%
Debt to EBITDA		 9.95 3.13 3.51 2.11 2.52 1.92 1.51 2.53 3.44 3.63
Net Debt to EBITDA		 4.00 0.26 0.58 -9.09 2.03 1.37 0.95 1.99 2.15 2.14
Long-Term Debt to EBITDA		 9.86 3.09 2.35 1.42 1.54 1.28 0.56 1.41 2.00 1.97
Debt to NOPAT		 13.34 3.28 6.05 3.26 3.84 2.90 2.23 4.83 6.37 6.17
Net Debt to NOPAT		 5.36 0.27 1.00 -14.02 3.10 2.08 1.41 3.79 3.98 3.64
Long-Term Debt to NOPAT		 13.21 3.24 4.06 2.18 2.36 1.93 0.84 2.69 3.69 3.35
Noncontrolling Interest Sharing Ratio		 4.05% 5.70% 8.48% 7.58% 4.35% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,407 -31,136 -8,687 144 -714 -75 917 -126 -52 -3,605
Operating Cash Flow to CapEx		 232.53% 186.27% 305.70% -267.92% 284.85% 478.11% 327.10% 434.64% 281.65% 259.72%
Free Cash Flow to Firm to Interest Expense		 0.46 -8.46 -18.60 2.36 -7.44 -0.81 24.89 -2.87 -1.22 -81.38
Operating Cash Flow to Interest Expense		 0.57 0.72 5.98 -4.66 3.92 6.24 12.31 8.11 5.35 5.26
Operating Cash Flow Less CapEx to Interest Expense		 0.33 0.33 4.02 -6.39 2.54 4.94 8.55 6.25 3.45 3.24
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.12 0.06 0.04 0.04 0.05 0.05 0.05 0.04 0.09
Fixed Asset Turnover		 1.08 2.05 0.00 0.00 1.49 1.41 1.37 1.39 1.17 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 59,279 58,909 16,307 6,522 6,119 4,913 4,381 4,898 4,449 4,171
Invested Capital Turnover		 0.17 0.50 0.45 0.30 0.34 0.37 0.35 0.34 0.31 0.62
Increase / (Decrease) in Invested Capital		 370 42,602 9,785 403 1,206 532 -517 449 278 3,816
Enterprise Value (EV)		 45,314 24,546 12,906 751 7,446 6,583 4,939 5,966 5,056 3,776
Market Capitalization		 29,560 20,528 10,923 8,080 5,579 5,632 4,374 4,738 4,159 3,012
Book Value per Share		 $1,525.93 $1,403.16 $605.43 $448.03 $396.21 $333.97 $295.41 $277.60 $250.82 $239.14
Tangible Book Value per Share		 $1,483.40 $1,357.84 $571.92 $410.84 $355.35 $295.08 $269.28 $258.97 $231.78 $219.92
Total Capital		 59,279 58,909 16,307 6,522 6,119 4,913 4,381 4,898 4,449 4,171
Total Debt		 37,051 37,654 6,645 1,784 1,890 1,327 892 1,564 1,436 1,299
Total Long-Term Debt		 36,684 37,169 4,459 1,195 1,160 884 334 870 833 704
Net Debt		 14,873 3,137 1,102 -7,669 1,528 950 565 1,228 897 765
Capital Expenditures (CapEx)		 1,285 1,428 913 106 132 121 139 82 82 90
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 37,051 37,654 6,645 1,784 1,890 1,327 892 1,564 1,436 1,299
Total Depreciation and Amortization (D&A)		 130 -57 533 143 133 100 88 74 66 26
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $189.42 $785.14 $67.47 $53.88 $47.50 $41.05 $33.53 $26.96 $18.77 $17.52
Adjusted Weighted Average Basic Shares Outstanding		 14.34M 14.53M 15.53M 9.82M 10.06M 11.14M 11.94M 12.01M 12.01M 12.01M
Adjusted Diluted Earnings per Share		 $189.41 $784.51 $67.40 $0.00 $0.00 $41.05 $0.00 $26.96 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 14.34M 14.54M 15.55M 15.98M 9.82M 10.51M 11.53M 12.01M 12.01M 12.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $41.05 $0.00 $26.96 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.58M 14.52M 14.51M 15.98M 9.82M 10.51M 11.53M 12.01M 12.01M 12.01M
Normalized Net Operating Profit after Tax (NOPAT)		 2,939 11,912 1,284 570 506 471 405 329 229 219
Normalized NOPAT Margin		 30.12% 63.41% 25.27% 30.01% 27.11% 27.25% 25.20% 20.81% 17.32% 15.76%
Pre Tax Income Margin		 36.81% 64.28% 26.80% 36.93% 33.14% 34.28% 31.30% 34.37% 26.56% 23.88%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.69 3.28 2.92 11.49 6.44 6.39 13.66 12.41 8.15 7.50
NOPAT to Interest Expense		 0.53 3.12 2.35 8.97 5.13 4.94 10.86 7.39 5.23 4.75
EBIT Less CapEx to Interest Expense		 0.44 2.89 0.96 9.75 5.06 5.09 9.90 10.55 6.25 5.48
NOPAT Less CapEx to Interest Expense		 0.29 2.73 0.40 7.23 3.75 3.63 7.10 5.53 3.33 2.72
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 5.69% 1.02% 7.56% 7.68% 6.10% 3.97% 4.19% 4.45% 6.39% 8.56%
Augmented Payout Ratio		 65.03% 1.02% 120.49% 7.68% 73.98% 103.04% 44.93% 4.45% 6.39% 8.56%

Quarterly Metrics And Ratios for First Citizens BancShares

This table displays calculated financial ratios and metrics derived from First Citizens BancShares' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -1.87% -6.10% -6.07% -78.00% 99.35% 112.13% 133.01% 641.09% 161.36% 160.72%
EBITDA Growth		 24.25% 2.23% 14.27% -89.66% 27.00% 64.52% 77.37% 2,730.38% 171.13% 181.87%
EBIT Growth		 3.23% -12.44% 9.26% -89.40% 81.89% 144.36% 165.88% 4,109.33% 156.21% 158.23%
NOPAT Growth		 36.19% -15.03% 3.67% -92.32% 100.00% 138.73% 167.45% 3,412.18% 108.94% 154.03%
Net Income Growth		 36.19% -15.03% 3.67% -92.32% 100.00% 138.73% 167.45% 3,412.18% 108.94% 154.03%
EPS Growth		 43.29% -14.31% 3.64% -92.46% 106.93% 163.22% 208.68% 3,814.01% 37.22% 58.18%
Operating Cash Flow Growth		 24.20% -17.76% -54.48% 227.35% -14.52% 138.14% 40.06% -162.74% 729.92% 228.57%
Free Cash Flow Firm Growth		 100.78% 96.81% 101.52% 115.87% -341.73% -243.72% -422.06% -469.81% -3,301.86% -3,463.98%
Invested Capital Growth		 0.63% 3.25% 0.06% -9.07% 261.25% 219.66% 296.73% 371.14% 150.03% 181.18%
Revenue Q/Q Growth		 -1.55% -0.57% 0.65% -0.41% -5.80% -0.53% -76.42% 802.44% 0.24% 9.25%
EBITDA Q/Q Growth		 -9.29% -7.11% -0.71% 48.50% -25.36% 3.83% -91.02% 1,724.14% -3.31% 11.93%
EBIT Q/Q Growth		 -15.69% -10.83% -2.49% 40.81% -28.49% 11.27% -90.54% 2,316.07% -3.92% 21.07%
NOPAT Q/Q Growth		 9.55% -9.62% -3.28% 42.22% -31.65% 10.26% -92.83% 3,603.50% -18.41% 23.53%
Net Income Q/Q Growth		 9.55% -9.62% -3.28% 42.22% -31.65% 10.26% -92.83% 3,603.50% -18.41% 23.53%
EPS Q/Q Growth		 13.29% -8.67% -3.49% 43.49% -32.25% 10.46% -92.98% 3,839.96% -13.82% 29.54%
Operating Cash Flow Q/Q Growth		 12.92% 137.65% -9.54% -48.83% -25.23% 31.55% 353.04% -134.35% 108.30% -22.63%
Free Cash Flow Firm Q/Q Growth		 126.42% -285.86% -89.90% 115.81% -7.44% 11.23% -5.24% -340.07% 16.40% -34.84%
Invested Capital Q/Q Growth		 -1.18% 0.07% 0.94% 0.81% 1.39% -3.02% -8.27% 300.50% -10.28% 20.36%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 34.47% 37.41% 40.04% 40.59% 27.22% 34.36% 32.91% 86.37% 42.73% 44.30%
EBIT Margin		 30.56% 35.69% 39.80% 41.08% 29.05% 38.27% 34.21% 85.26% 31.84% 33.22%
Profit (Net Income) Margin		 29.07% 26.12% 28.74% 29.91% 20.95% 28.87% 26.04% 85.68% 20.88% 25.65%
Tax Burden Percent		 95.11% 73.20% 72.22% 72.81% 72.09% 75.43% 76.12% 100.50% 65.56% 77.21%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 4.89% 26.80% 27.78% 27.19% 27.91% 24.57% 23.88% -0.50% 34.44% 22.79%
Return on Invested Capital (ROIC)		 4.80% 4.34% 4.78% 4.86% 10.46% 13.29% 11.24% 31.80% 9.30% 9.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.80% 4.34% 4.78% 4.86% 10.46% 13.29% 11.24% 31.80% 9.30% 9.00%
Return on Net Nonoperating Assets (RNNOA)		 8.25% 7.52% 8.77% 9.89% 14.99% 20.26% 16.48% 52.72% 5.44% 6.38%
Return on Equity (ROE)		 13.05% 11.85% 13.55% 14.75% 25.46% 33.55% 27.72% 84.52% 14.74% 15.38%
Cash Return on Invested Capital (CROIC)		 4.07% 1.19% 4.45% 13.79% -82.79% -75.29% -90.75% -103.83% -76.11% -87.24%
Operating Return on Assets (OROA)		 1.36% 1.61% 1.85% 1.92% 3.38% 4.16% 3.49% 7.75% 1.93% 1.73%
Return on Assets (ROA)		 1.30% 1.18% 1.33% 1.40% 2.44% 3.14% 2.66% 7.79% 1.27% 1.33%
Return on Common Equity (ROCE)		 12.52% 11.37% 12.99% 14.43% 24.00% 31.60% 26.11% 79.52% 13.49% 14.08%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 11.35% 12.02% 12.26% 0.00% 54.98% 54.48% 53.84% 0.00% 9.80%
Net Operating Profit after Tax (NOPAT)		 700 639 707 731 514 752 682 9,518 257 315
NOPAT Margin		 29.07% 26.12% 28.74% 29.91% 20.95% 28.87% 26.04% 85.68% 20.88% 25.65%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.68% 43.21% 40.94% 40.06% 39.77% 37.70% 40.82% 5.39% 42.65% 42.51%
Operating Expenses to Revenue		 63.00% 59.53% 56.34% 56.30% 60.80% 54.36% 60.02% 7.70% 61.74% 61.89%
Earnings before Interest and Taxes (EBIT)		 736 873 979 1,004 713 997 896 9,471 392 408
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 830 915 985 992 668 895 862 9,595 526 544
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.38 1.21 1.13 1.09 1.01 1.02 0.98 0.77 1.24 1.42
Price to Tangible Book Value (P/TBV)		 1.42 1.25 1.17 1.12 1.04 1.06 1.02 0.80 1.32 1.50
Price to Revenue (P/Rev)		 3.03 2.72 2.46 2.34 1.09 1.14 1.15 0.96 2.15 2.93
Price to Earnings (P/E)		 10.88 10.53 9.26 9.06 1.80 1.79 1.73 1.37 10.42 13.73
Dividend Yield		 0.33% 0.36% 0.34% 0.29% 0.28% 0.22% 0.21% 0.25% 0.29% 0.24%
Earnings Yield		 9.19% 9.50% 10.80% 11.04% 55.57% 55.87% 57.72% 73.18% 9.59% 7.29%
Enterprise Value to Invested Capital (EV/IC)		 0.76 0.64 0.61 0.50 0.42 0.36 0.35 0.32 0.79 0.84
Enterprise Value to Revenue (EV/Rev)		 4.64 3.89 3.68 2.94 1.31 1.20 1.29 1.42 2.54 3.53
Enterprise Value to EBITDA (EV/EBITDA)		 12.17 10.72 10.36 8.71 2.04 1.77 1.81 1.88 6.81 9.76
Enterprise Value to EBIT (EV/EBIT)		 12.62 10.70 9.93 8.25 2.03 1.79 1.86 1.97 9.48 13.58
Enterprise Value to NOPAT (EV/NOPAT)		 16.32 14.73 13.56 11.11 2.14 1.88 1.93 2.02 11.75 15.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.17 13.78 12.29 8.55 9.23 7.49 9.85 11.29 4.62 8.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.83 54.30 13.74 3.46 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.67 1.63 1.67 1.72 1.77 1.85 2.03 2.40 0.69 0.85
Long-Term Debt to Equity		 1.65 1.61 1.65 1.70 1.75 1.83 2.01 2.35 0.46 0.53
Financial Leverage		 1.72 1.73 1.84 2.04 1.43 1.52 1.47 1.66 0.59 0.71
Leverage Ratio		 10.06 10.05 10.16 10.53 10.45 10.69 10.43 10.85 11.64 11.53
Compound Leverage Factor		 10.06 10.05 10.16 10.53 10.45 10.69 10.43 10.85 11.64 11.53
Debt to Total Capital		 62.50% 61.95% 62.49% 63.21% 63.92% 64.91% 67.00% 70.58% 40.75% 45.90%
Short-Term Debt to Total Capital		 0.62% 0.65% 0.64% 0.67% 0.82% 0.78% 0.76% 1.54% 13.41% 17.21%
Long-Term Debt to Total Capital		 61.88% 61.29% 61.84% 62.55% 63.10% 64.13% 66.24% 69.03% 27.34% 28.69%
Preferred Equity to Total Capital		 1.49% 1.47% 1.47% 0.00% 1.50% 1.52% 1.47% 1.35% 5.40% 4.85%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 36.01% 36.59% 36.04% 36.79% 34.59% 33.58% 31.53% 28.07% 53.85% 49.25%
Debt to EBITDA		 9.95 10.44 10.58 10.99 3.13 3.17 3.48 4.13 3.51 5.34
Net Debt to EBITDA		 4.00 2.99 3.20 1.77 0.26 0.02 0.12 0.54 0.58 1.08
Long-Term Debt to EBITDA		 9.86 10.33 10.47 10.87 3.09 3.14 3.44 4.04 2.35 3.34
Debt to NOPAT		 13.34 14.34 13.85 14.01 3.28 3.36 3.73 4.46 6.05 8.65
Net Debt to NOPAT		 5.36 4.11 4.19 2.26 0.27 0.02 0.13 0.58 1.00 1.75
Long-Term Debt to NOPAT		 13.21 14.19 13.71 13.87 3.24 3.32 3.68 4.36 4.06 5.41
Noncontrolling Interest Sharing Ratio		 4.05% 4.08% 4.17% 2.15% 5.70% 5.83% 5.79% 5.92% 8.48% 8.47%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 330 -1,249 672 6,653 -42,088 -39,173 -44,127 -41,930 -9,528 -11,397
Operating Cash Flow to CapEx		 329.12% 233.18% 138.54% 210.50% 151.68% 614.80% 270.21% -121.07% 276.64% 245.63%
Free Cash Flow to Firm to Interest Expense		 0.26 -0.93 0.51 5.25 -34.90 -34.98 -44.48 -116.15 -40.03 -102.67
Operating Cash Flow to Interest Expense		 0.87 0.74 0.32 0.36 0.75 1.08 0.92 -1.00 4.43 4.56
Operating Cash Flow Less CapEx to Interest Expense		 0.60 0.42 0.09 0.19 0.25 0.90 0.58 -1.83 2.83 2.70
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.05 0.05 0.05 0.12 0.11 0.10 0.09 0.06 0.05
Fixed Asset Turnover		 1.08 1.00 1.03 0.97 2.05 1.77 1.64 1.51 0.00 0.81
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 59,279 59,989 59,945 59,388 58,909 58,101 59,910 65,310 16,307 18,176
Invested Capital Turnover		 0.17 0.17 0.17 0.16 0.50 0.46 0.43 0.37 0.45 0.35
Increase / (Decrease) in Invested Capital		 370 1,888 35 -5,922 42,602 39,925 44,809 51,448 9,785 11,712
Enterprise Value (EV)		 45,314 38,171 36,676 29,768 24,546 21,058 20,824 20,913 12,906 15,253
Market Capitalization		 29,560 26,631 24,462 23,718 20,528 19,960 18,567 14,058 10,923 12,682
Book Value per Share		 $1,525.93 $1,517.15 $1,487.02 $1,503.31 $1,403.16 $1,343.52 $1,300.96 $1,263.79 $605.43 $559.41
Tangible Book Value per Share		 $1,483.40 $1,474.91 $1,443.94 $1,459.20 $1,357.84 $1,297.04 $1,253.24 $1,214.85 $571.92 $528.72
Total Capital		 59,279 59,989 59,945 59,388 58,909 58,101 59,910 65,310 16,307 18,176
Total Debt		 37,051 37,161 37,458 37,540 37,654 37,712 40,139 46,094 6,645 8,343
Total Long-Term Debt		 36,684 36,770 37,072 37,145 37,169 37,259 39,685 45,085 4,459 5,215
Net Debt		 14,873 10,659 11,333 6,050 3,137 217 1,376 5,974 1,102 1,690
Capital Expenditures (CapEx)		 340 425 301 219 594 196 339 299 381 206
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 37,051 37,161 37,458 37,540 37,654 37,712 40,139 46,094 6,645 8,343
Total Depreciation and Amortization (D&A)		 94 42 6.00 -12 -45 -102 -34 124 134 136
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $49.19 $43.42 $47.54 $49.27 $34.31 $50.71 $45.90 $654.22 $16.63 $19.27
Adjusted Weighted Average Basic Shares Outstanding		 14.34M 14.38M 14.53M 14.53M 14.53M 14.53M 14.53M 14.53M 15.53M 15.71M
Adjusted Diluted Earnings per Share		 $49.19 $43.42 $47.54 $49.26 $34.33 $50.67 $45.87 $653.64 $16.59 $19.25
Adjusted Weighted Average Diluted Shares Outstanding		 14.34M 14.38M 14.53M 14.54M 14.54M 14.54M 14.54M 14.54M 15.55M 15.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.58M 13.99M 14.47M 14.53M 14.52M 14.52M 14.52M 14.52M 14.51M 14.50M
Normalized Net Operating Profit after Tax (NOPAT)		 759 673 739 773 598 843 838 6,649 276 340
Normalized NOPAT Margin		 31.52% 27.50% 30.03% 31.64% 24.35% 32.37% 32.00% 59.86% 22.42% 27.73%
Pre Tax Income Margin		 30.56% 35.69% 39.80% 41.08% 29.05% 38.27% 34.21% 85.26% 31.84% 33.22%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.57 0.65 0.75 0.79 0.59 0.89 0.90 26.24 1.65 3.68
NOPAT to Interest Expense		 0.54 0.48 0.54 0.58 0.43 0.67 0.69 26.37 1.08 2.84
EBIT Less CapEx to Interest Expense		 0.31 0.33 0.52 0.62 0.10 0.72 0.56 25.41 0.05 1.82
NOPAT Less CapEx to Interest Expense		 0.28 0.16 0.31 0.40 -0.07 0.50 0.35 25.54 -0.52 0.98
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 5.69% 5.98% 5.29% 4.85% 1.02% 0.92% 0.90% 0.92% 7.56% 7.05%
Augmented Payout Ratio		 65.03% 33.00% 5.29% 4.85% 1.02% 4.92% 0.90% 0.92% 120.49% 89.21%

Frequently Asked Questions About First Citizens BancShares' Financials

When does First Citizens BancShares's financial year end?

According to the most recent income statement we have on file, First Citizens BancShares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Citizens BancShares' net income changed over the last 9 years?

First Citizens BancShares' net income appears to be on an upward trend, with a most recent value of $2.78 billion in 2024, rising from $210.39 million in 2015. The previous period was $11.47 billion in 2023. See where experts think First Citizens BancShares is headed by visiting First Citizens BancShares' forecast page.

How has First Citizens BancShares revenue changed over the last 9 years?

Over the last 9 years, First Citizens BancShares' total revenue changed from $1.39 billion in 2015 to $9.76 billion in 2024, a change of 601.0%.

How much debt does First Citizens BancShares have?

First Citizens BancShares' total liabilities were at $201.49 billion at the end of 2024, a 4.7% increase from 2023, and a 604.4% increase since 2015.

How much cash does First Citizens BancShares have?

In the past 9 years, First Citizens BancShares' cash and equivalents has ranged from $327.44 million in 2018 to $908 million in 2023, and is currently $814 million as of their latest financial filing in 2024.

How has First Citizens BancShares' book value per share changed over the last 9 years?

Over the last 9 years, First Citizens BancShares' book value per share changed from 239.14 in 2015 to 1,525.93 in 2024, a change of 538.1%.


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This page (NASDAQ:FCNCA) was last updated on 5/25/2025 by MarketBeat.com Staff
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