Free Trial
→ URGENT: Someone's Moving Gold Out of London... (From Golden Portfolio) (Ad) Buy FCNCA Stock  Free FCNCA Stock Alerts

First Citizens BancShares (FCNCA) Financials

First Citizens BancShares logo
$1,857.45 +26.13 (+1.43%)
As of 11:35 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.
Compare
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 210 225 324 400 457 478 529 1,048 11,407 2,716
Consolidated Net Income / (Loss)		 210 225 324 400 457 492 547 1,098 11,466 2,777
Net Income / (Loss) Continuing Operations		 210 225 324 400 457 492 547 1,098 11,466 2,777
Total Pre-Tax Income 		332 351 544 504 592 618 701 1,362 12,077 3,592
Total Revenue		 1,392 1,322 1,582 1,609 1,727 1,865 1,898 5,082 18,787 9,758
Net Interest Income / (Expense)		 925 945 1,060 1,209 1,311 1,388 1,390 2,946 6,712 7,143
Total Interest Income		 969 988 1,104 1,246 1,404 1,484 1,451 3,413 10,391 12,353
Loans and Leases Interest Income		 875 876 956 1,073 1,217 1,333 1,295 2,953 8,187 9,528
Investment Securities Interest Income		 88 97 121 151 160 144 145 354 648 1,347
Deposits and Money Market Investments Interest Income		 6.07 15 27 22 26 7.00 11 106 1,556 1,478
Total Interest Expense		 44 43 44 37 93 96 61 467 3,679 5,210
Deposits Interest Expense		 21 18 16 22 76 67 33 335 2,497 3,864
Long-Term Debt Interest Expense		 18 23 25 12 13 29 28 132 1,182 1,346
Total Non-Interest Income		 467 377 522 400 416 477 508 2,136 12,075 2,615
Other Service Charges		 432 53 29 20 18 385 36 822 1,313 1,520
Net Realized & Unrealized Capital Gains on Investments		 54 60 175 19 49 60 469 453 9,802 34
Other Non-Interest Income		 -19 265 318 361 349 32 3.00 861 960 1,061
Provision for Credit Losses		 21 33 26 28 31 58 -37 645 1,375 431
Total Non-Interest Expense		 1,039 938 1,012 1,077 1,104 1,189 1,234 3,075 5,335 5,735
Salaries and Employee Benefits		 430 444 491 528 551 722 759 1,408 2,636 3,078
Net Occupancy & Equipment Expense		 191 195 202 212 223 233 236 596 888 965
Marketing Expense		 - - - - - 10 10 53 102 76
Property & Liability Insurance Claims		 18 21 22 19 11 13 14 31 158 138
Other Operating Expenses		 386 273 288 312 301 179 174 388 653 811
Depreciation Expense		 - - - - - 0.00 0.00 345 371 394
Amortization Expense		 - - - - - 15 12 23 57 63
Restructuring Charge		 14 5.34 9.02 6.46 17 17 29 231 470 210
Income Tax Expense		 122 126 220 103 135 126 154 264 611 815
Preferred Stock Dividends Declared		 - - - 0.00 0.00 14 18 50 59 61
Basic Earnings per Share		 $17.52 $18.77 $29.96 $33.53 $41.05 $47.50 $53.88 $67.47 $785.14 $189.42
Weighted Average Basic Shares Outstanding		 12.01M 12.01M 12.01M 11.94M 11.14M 10.06M 9.82M 15.53M 14.53M 14.34M
Diluted Earnings per Share		 $17.52 - $29.96 - - $47.50 $53.88 $67.40 $784.51 $189.41
Weighted Average Diluted Shares Outstanding		 12M 6M 12.01M 11.90M 10.51M 10.06M 9.82M 15.55M 14.54M 14.34M
Weighted Average Basic & Diluted Shares Outstanding		 12M 6M 12.01M 11.90M 10.51M 9.82M 15.98M 14.51M 14.52M 13.58M
Cash Dividends to Common per Share		 $1.20 $1.20 $1.25 $1.45 $1.60 $1.67 $1.88 $2.16 $3.89 $6.87

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

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

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

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

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

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

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

Frequently Asked Questions About First Citizens BancShares' Financials

When does First Citizens BancShares's fiscal year end?

According to the most recent income statement we have on file, First Citizens BancShares' financial year ends in December. Their financial 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. Find out what analysts predict for First Citizens BancShares in the coming months.

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%.


Related Companies

This page (NASDAQ:FCNCA) was last updated on 5/5/2025 by MarketBeat.com Staff
From Our Partners
Elon’s Terrifying Warning Forces Trump To Take Action
Elon Musk has avoided two major financial crises before. He pulled Tesla and SpaceX back from the brink of col...
American Hartford Gold | Sponsored
Elon Reveals Why There Soon Won’t Be Any Money For Social Security
Elon Musk's Near-Death Experience Sparks Dire Warning for Americans After cheating death twice—once in a te...
Colonial Metals | Sponsored
Warning: “DOGE Collapse” imminent
Elon Strikes Back You may already sense that the tide is turning against Elon Musk and DOGE. Just this week...
Altimetry | Sponsored
Trump’s Bitcoin Reserve is No Accident…
Bryce Paul believes this is the #1 coin to buy right now The catalyst behind this surge is a massive new b...
Crypto 101 Media | Sponsored
Shocking AI play that’s beats Nvidia by a country mile
You’ve seen the headlines about Nvidia. Now Tim Sykes is sounding the alarm — because what CEO Jensen Huang is...
Timothy Sykes | Sponsored
Gold Hits New Highs as Global Markets Spiral
When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. ...
Premier Gold Co | Sponsored
Man who predicted $100K Bitcoin sees a huge run coming for another coin …
Sure enough, Bitcoin took off on the exact day Juan said it would. It's up more than 40% since the election...
Weiss Ratings | Sponsored
Musk's warning signal: Prepare before the cascade begins
When Elon Musk triggered his AI layoff plan, most analysts missed what it really meant. Louis Navellier didn’t...
InvestorPlace | Sponsored