First Citizens BancShares (FCNCA) Financials

$1,983.91 -19.54 (-0.98%)

Closing price 04:00 PM Eastern

Extended Trading

$1,983.26 -0.64 (-0.03%)

As of 05:51 PM Eastern

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	139	210	225	324	400	457	478	529	1,048	11,407	2,716
Consolidated Net Income / (Loss)	139	210	225	324	400	457	492	547	1,098	11,466	2,777
Net Income / (Loss) Continuing Operations	139	210	225	324	400	457	492	547	1,098	11,466	2,777
Total Pre-Tax Income	204	332	351	544	504	592	618	701	1,362	12,077	3,592
Total Revenue	1,053	1,392	1,322	1,582	1,609	1,727	1,865	1,898	5,082	18,787	9,758
Net Interest Income / (Expense)	710	925	945	1,060	1,209	1,311	1,388	1,390	2,946	6,712	7,143
Total Interest Income	760	969	988	1,104	1,246	1,404	1,484	1,451	3,413	10,391	12,353
Loans and Leases Interest Income	701	875	876	956	1,073	1,217	1,333	1,295	2,953	8,187	9,528
Investment Securities Interest Income	56	88	97	121	151	160	144	145	354	648	1,347
Deposits and Money Market Investments Interest Income	3.71	6.07	15	27	22	26	7.00	11	106	1,556	1,478
Total Interest Expense	50	44	43	44	37	93	96	61	467	3,679	5,210
Deposits Interest Expense	25	21	18	16	22	76	67	33	335	2,497	3,864
Long-Term Debt Interest Expense	16	18	23	25	12	13	29	28	132	1,182	1,346
Total Non-Interest Income	343	467	377	522	400	416	477	508	2,136	12,075	2,615
Other Service Charges	346	432	53	29	20	18	385	36	822	1,313	1,520
Net Realized & Unrealized Capital Gains on Investments	29	54	60	175	19	49	60	469	453	9,802	34
Other Non-Interest Income	-32	-19	265	318	361	349	32	3.00	861	960	1,061
Provision for Credit Losses	0.64	21	33	26	28	31	58	-37	645	1,375	431
Total Non-Interest Expense	849	1,039	938	1,012	1,077	1,104	1,189	1,234	3,075	5,335	5,735
Salaries and Employee Benefits	349	430	444	491	528	551	722	759	1,408	2,636	3,078
Net Occupancy & Equipment Expense	166	191	195	202	212	223	233	236	596	888	965
Marketing Expense	-	-	-	-	-	-	10	10	53	102	76
Property & Liability Insurance Claims	13	18	21	22	19	11	13	14	31	158	138
Other Operating Expenses	308	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	13	14	5.34	9.02	6.46	17	17	29	231	470	210
Income Tax Expense	65	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	$13.56	$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	10.22M	12.01M	12.01M	12.01M	11.94M	11.14M	10.06M	9.82M	15.53M	14.53M	14.34M
Diluted Earnings per Share	$13.56	$17.52	-	$29.96	-	-	$47.50	$53.88	$67.40	$784.51	$189.41
Weighted Average Diluted Shares Outstanding	10.20M	12M	6M	12.01M	11.90M	10.51M	10.06M	9.82M	15.55M	14.54M	14.34M
Weighted Average Basic & Diluted Shares Outstanding	10.20M	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	$1.20	$1.25	$1.45	$1.60	$1.67	$1.88	$2.16	$3.89	$6.87

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 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	243	9,504	667	737	499	716	691	624	685	468	561
Consolidated Net Income / (Loss)	257	9,518	682	752	514	731	707	639	700	483	575
Net Income / (Loss) Continuing Operations	257	9,518	682	752	514	731	707	639	700	483	575
Total Pre-Tax Income	392	9,471	896	997	713	1,004	979	873	736	651	758
Total Revenue	1,231	11,109	2,619	2,605	2,454	2,444	2,460	2,446	2,408	2,298	2,373
Net Interest Income / (Expense)	802	850	1,961	1,990	1,911	1,817	1,821	1,796	1,709	1,663	1,695
Total Interest Income	1,040	1,211	2,953	3,110	3,117	3,084	3,130	3,138	3,001	2,895	2,945
Loans and Leases Interest Income	892	1,017	2,353	2,426	2,391	2,354	2,422	2,430	2,322	2,236	2,270
Investment Securities Interest Income	92	107	120	180	241	282	330	358	377	414	419
Deposits and Money Market Investments Interest Income	56	87	480	504	485	448	378	350	302	245	256
Total Interest Expense	238	361	992	1,120	1,206	1,267	1,309	1,342	1,292	1,232	1,250
Deposits Interest Expense	176	288	575	769	865	928	975	1,004	957	893	894
Long-Term Debt Interest Expense	62	73	417	351	341	339	334	338	335	339	356
Total Non-Interest Income	429	10,259	658	615	543	627	639	650	699	635	678
Other Service Charges	226	221	36	358	698	368	378	370	404	365	396
Net Realized & Unrealized Capital Gains on Investments	2.00	9,814	622	10	-644	8.00	4.00	9.00	15	5.00	8.00
Other Non-Interest Income	201	224	-	247	-	251	257	271	280	265	274
Provision for Credit Losses	79	783	151	192	249	64	95	117	155	154	115
Total Non-Interest Expense	760	855	1,572	1,416	1,492	1,376	1,386	1,456	1,517	1,493	1,500
Salaries and Employee Benefits	354	420	775	727	714	744	745	788	801	818	810
Net Occupancy & Equipment Expense	150	164	253	233	238	221	244	249	251	252	247
Marketing Expense	21	15	41	22	24	14	18	20	24	32	32
Property & Liability Insurance Claims	5.00	18	22	36	82	41	33	31	33	38	38
Other Operating Expenses	107	116	167	165	205	185	189	208	229	198	222
Depreciation Expense	88	89	91	95	96	96	98	99	101	98	100
Amortization Expense	6.00	5.00	18	17	17	17	15	15	16	15	13
Restructuring Charge	29	28	205	121	116	58	44	46	62	42	38
Income Tax Expense	135	-47	214	245	199	273	272	234	36	168	183
Preferred Stock Dividends Declared	14	14	15	15	15	15	16	15	15	15	14
Basic Earnings per Share	$16.63	$654.22	$45.90	$50.71	$34.31	$49.27	$47.54	$43.42	$49.19	$34.47	$42.36
Weighted Average Basic Shares Outstanding	15.53M	14.53M	14.53M	14.53M	14.53M	14.53M	14.53M	14.38M	14.34M	13.58M	13.24M
Diluted Earnings per Share	$16.59	$653.64	$45.87	$50.67	$34.33	$49.26	$47.54	$43.42	$49.19	$34.47	$42.36
Weighted Average Diluted Shares Outstanding	15.55M	14.54M	14.54M	14.54M	14.54M	14.54M	14.53M	14.38M	14.34M	13.58M	13.24M
Weighted Average Basic & Diluted Shares Outstanding	14.51M	14.52M	14.52M	14.52M	14.52M	14.53M	14.47M	13.99M	13.58M	13.29M	12.92M

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	71	-70	5.66	-204	-8.71	49	-15	-24	180	390	-94
Net Cash From Operating Activities	182	233	231	355	454	578	376	-284	2,791	2,660	2,988
Net Cash From Continuing Operating Activities	182	233	231	355	454	578	376	-284	2,791	2,660	2,988
Net Income / (Loss) Continuing Operations	139	210	225	324	400	457	492	547	1,098	11,466	2,777
Consolidated Net Income / (Loss)	139	210	225	324	400	457	492	547	1,098	11,466	2,777
Provision For Loan Losses	0.64	21	33	26	28	31	58	-37	645	1,375	431
Depreciation Expense	75	88	89	91	97	104	133	143	533	-57	130
Non-Cash Adjustments to Reconcile Net Income	-34	-47	-16	5.09	-66	39	885	914	270	-9,211	1,257
Changes in Operating Assets and Liabilities, net	43	24	-78	-73	2.98	-50	-1,192	-1,851	245	-913	-1,607
Net Cash From Investing Activities	-18	-1,248	-1,100	-669	101	-1,596	-9,908	-7,568	75	2,429	-10,155
Net Cash From Continuing Investing Activities	-18	-1,248	-1,100	-669	101	-1,596	-9,908	-7,568	75	2,429	-10,155
Purchase of Property, Leasehold Improvements and Equipment	-83	-90	-82	-85	-140	-121	-133	-107	-926	-1,428	-1,535
Purchase of Investment Securities	-3,333	-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	3,399	3,015	4,325	4,283	2,971	5,102	4,867	316	4,132	16,005	22,448
Other Investing Activities, net	0.00	-22	-20	-7.73	-1,024	-1,321	0.00	0.00	-538	94	-73
Net Cash From Financing Activities	-94	945	876	110	-564	1,067	9,517	7,828	-2,686	-4,699	7,073
Net Cash From Continuing Financing Activities	-94	945	876	110	-564	1,067	9,517	7,828	-2,686	-4,699	7,073
Net Change in Deposits	-2.18	1,017	782	0.87	490	1,439	8,979	7,976	-1,691	265	9,461
Issuance of Debt	0.00	350	150	175	125	200	746	0.00	6,959	10,491	0.00
Repayment of Debt	-80	-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	-12	-18	-14	-14	-17	-18	-30	-42	-83	-117	-158
Other Financing Activities, Net	-0.62	0.00	-	-	-	-	-97	-52	-177	32	-132
Cash Interest Paid	49	47	45	44	37	78	105	62	525	3,686	5,079
Cash Income Taxes Paid	128	137	109	89	74	83	117	870	-551	514	763

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 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	37	1,080	-682	-125	117	-210	66	98	-48	-2.00	77
Net Cash From Operating Activities	1,054	-362	916	1,205	901	461	417	991	1,119	98	859
Net Cash From Continuing Operating Activities	1,054	-362	916	1,205	901	461	417	991	1,119	98	859
Net Income / (Loss) Continuing Operations	257	9,518	682	752	514	731	707	639	700	483	575
Consolidated Net Income / (Loss)	257	9,518	682	752	514	731	707	639	700	483	575
Provision For Loan Losses	79	783	151	192	249	64	95	117	155	154	115
Depreciation Expense	134	124	-34	-102	-45	-12	6.00	42	94	93	100
Non-Cash Adjustments to Reconcile Net Income	186	-9,872	-168	776	53	239	87	367	564	251	395
Changes in Operating Assets and Liabilities, net	398	-915	285	-413	130	-561	-478	-174	-394	-883	-326
Net Cash From Investing Activities	-730	2,628	3,913	-3,754	-358	-4,291	-1,819	-301	-3,744	-4,877	-562
Net Cash From Continuing Investing Activities	-730	2,628	3,913	-3,754	-358	-4,291	-1,819	-301	-3,744	-4,877	-562
Purchase of Property, Leasehold Improvements and Equipment	-381	-332	-382	-298	-416	-285	-338	-471	-441	-273	-341
Purchase of Investment Securities	-927	838	3,273	-6,212	-10,951	-8,692	-9,215	-2,114	-11,224	-3,554	-1,166
Sale of Property, Leasehold Improvements and Equipment	-	33	43	102	-178	66	37	46	101	63	61
Sale and/or Maturity of Investments	730	611	1,506	2,508	11,380	4,557	7,674	2,163	8,054	-1,242	886
Other Investing Activities, net	-152	131	-59	215	-193	63	23	75	-234	129	-2.00
Net Cash From Financing Activities	-287	-1,186	-5,511	2,424	-426	3,620	1,468	-592	2,577	4,777	-220
Net Cash From Continuing Financing Activities	-287	-1,186	-5,511	2,424	-426	3,620	1,468	-592	2,577	4,777	-220
Net Change in Deposits	1,881	-5,446	1,132	4,894	-315	3,789	1,518	461	3,693	4,113	762
Repayment of Debt	-2,259	-2,771	-10,052	-2,443	-104	-31	-1.00	-316	-102	-1.00	-351
Repurchase of Common Equity	-448	-	-	-	-	0.00	-	-	-948	-618	-613
Payment of Dividends	-25	-26	-26	-26	-39	-39	-39	-38	-42	-42	-40
Other Financing Activities, Net	-142	57	-55	-1.00	31	-99	-10	1.00	-24	83	22
Cash Interest Paid	210	366	1,001	1,076	1,243	1,294	1,324	1,387	1,074	1,224	1,198
Cash Income Taxes Paid	-539	0.00	427	2.00	85	53	650	51	9.00	40	131

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	355	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	0.00	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	140	151	151	236	349	350	346	346	346	346
Intangible Assets	-	91	78	73	72	68	51	19	140	312	249
Other Assets	216	2,616	2,471	2,128	1,279	1,765	5,182	1,855	4,369	5,857	6,740
Total Liabilities & Shareholders' Equity	-53	31,476	32,991	34,528	35,409	39,824	49,958	58,309	109,298	213,758	223,720
Total Liabilities	0.00	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	-53	2,872	3,012	3,334	3,489	3,586	4,229	4,738	9,662	21,255	22,228
Total Preferred & Common Equity	2,700	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	-53	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)	-53	-64	-135	-122	-235	-127	12	10	-735	-491	-445

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	Q1 2025	Q2 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	109,310	214,658	209,502	213,765	217,836	219,827	220,567	228,822	229,653
Cash and Due from Banks	481	1,598	917	791	698	764	862	812	889
Interest Bearing Deposits at Other Banks	6,172	38,522	37,846	36,704	30,792	25,361	25,640	24,692	26,184
Trading Account Securities	18,841	19,527	22,469	27,367	35,438	38,058	39,118	44,664	43,646
Loans and Leases, Net of Allowance	68,908	136,683	131,378	131,529	133,633	137,641	137,017	139,678	139,597
Loans and Leases	69,790	138,288	133,015	133,202	135,370	139,341	138,695	141,358	141,269
Allowance for Loan and Lease Losses	882	1,605	1,637	1,673	1,737	1,700	1,678	1,680	1,672
Loans Held for Sale	21	94	117	58	86	92	68	185	125
Premises and Equipment, Net	9,394	10,074	10,313	10,429	10,717	8,945	9,186	9,371	9,466
Goodwill	346	346	346	346	346	346	346	346	346
Intangible Assets	145	364	347	329	295	280	265	234	221
Other Assets	5,002	144,133	5,769	6,212	5,831	6,402	6,091	6,796	7,064
Total Liabilities & Shareholders' Equity	109,310	214,658	209,502	213,765	217,836	219,827	220,567	228,822	229,653
Total Liabilities	99,477	195,442	189,731	193,376	195,988	197,340	197,739	206,527	207,357
Non-Interest Bearing Deposits	26,587	54,649	44,547	43,141	39,276	40,016	39,396	40,767	40,879
Interest Bearing Deposits	60,966	85,401	96,617	103,092	110,333	111,063	112,178	118,558	119,056
Short-Term Debt	3,128	1,009	454	453	395	386	391	450	471
Long-Term Debt	5,215	45,085	39,685	37,259	37,145	37,072	36,770	37,956	37,641
Other Long-Term Liabilities	3,581	9,298	8,428	9,431	8,839	8,803	9,004	8,796	9,310
Total Equity & Noncontrolling Interests	9,833	19,216	19,771	20,389	21,848	22,487	22,828	22,295	22,296
Total Preferred & Common Equity	9,833	19,216	19,771	20,389	21,848	22,487	22,828	22,295	22,296
Preferred Stock	881	881	881	881	-	881	881	881	881
Total Common Equity	8,952	18,335	18,890	19,508	21,848	21,606	21,947	21,414	21,415
Common Stock	4,521	4,119	4,121	4,121	4,114	4,114	3,403	1,811	1,192
Retained Earnings	5,160	14,885	15,541	16,267	17,435	18,102	18,703	19,802	20,337
Accumulated Other Comprehensive Income / (Loss)	-729	-669	-772	-880	-582	-610	-159	-199	-114

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	4.54%	32.15%	-5.04%	19.68%	1.72%	7.34%	7.98%	1.77%	167.76%	269.68%	-48.06%
EBITDA Growth	3.86%	50.62%	16.50%	48.03%	-4.14%	17.02%	8.45%	12.38%	124.53%	534.30%	-69.03%
EBIT Growth	-24.16%	63.27%	5.61%	54.87%	-7.37%	17.56%	4.38%	13.43%	94.29%	786.71%	-70.26%
NOPAT Growth	-16.96%	51.84%	7.18%	43.58%	23.65%	14.25%	7.57%	11.18%	100.73%	944.26%	-75.78%
Net Income Growth	-16.96%	51.84%	7.18%	43.58%	23.65%	14.25%	7.57%	11.18%	100.73%	944.26%	-75.78%
EPS Growth	-21.84%	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	-44.94%	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	5,929.87%	-225.32%	98.55%	-139.61%	830.91%	-108.13%	-857.23%	120.16%	-6,136.08%	-258.42%	107.73%
Invested Capital Growth	-88.51%	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	10.89%	-1.63%	-5.18%	8.64%	1.23%	1.69%	2.98%	-0.76%	17.58%	6.96%	-0.47%
EBITDA Q/Q Growth	26.78%	-4.06%	2.87%	8.74%	-1.43%	-0.14%	9.71%	-3.72%	21.24%	1.20%	4.55%
EBIT Q/Q Growth	25.59%	-5.81%	4.19%	8.38%	-1.41%	2.71%	7.53%	-3.02%	21.28%	2.73%	0.64%
NOPAT Q/Q Growth	35.76%	-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	35.76%	-8.74%	4.61%	0.53%	9.60%	2.79%	8.01%	-2.73%	13.90%	2.29%	7.18%
EPS Q/Q Growth	27.68%	-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	34.91%	-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	3,735.76%	-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	-89.16%	-3.62%	-4.41%	0.80%	-2.30%	8.11%	1.64%	0.90%	-10.28%	1.39%	-1.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.56%	25.72%	31.55%	39.02%	36.78%	40.09%	40.27%	44.47%	37.29%	63.98%	38.14%
EBIT Margin	19.33%	23.88%	26.56%	34.37%	31.30%	34.28%	33.14%	36.93%	26.80%	64.28%	36.81%
Profit (Net Income) Margin	13.15%	15.11%	17.06%	20.47%	24.88%	26.48%	26.38%	28.82%	21.61%	61.03%	28.46%
Tax Burden Percent	68.06%	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%	100.00%
Effective Tax Rate	31.94%	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)	8.03%	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)	8.03%	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)	5.69%	5.63%	2.43%	3.28%	3.11%	3.09%	3.67%	3.55%	5.63%	43.68%	8.07%
Return on Equity (ROE)	13.73%	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)	166.82%	-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)	1.89%	2.09%	1.09%	1.61%	1.44%	1.57%	1.38%	1.30%	1.63%	7.48%	1.64%
Return on Assets (ROA)	1.29%	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)	13.73%	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)	5.13%	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)	139	210	225	324	400	457	492	547	1,098	11,466	2,777
NOPAT Margin	13.15%	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%	0.00%
SG&A Expenses to Revenue	48.91%	44.58%	48.33%	43.80%	45.98%	44.85%	51.74%	52.95%	40.48%	19.30%	42.21%
Operating Expenses to Revenue	80.61%	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)	204	332	351	544	504	592	618	701	1,362	12,077	3,592
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	238	358	417	617	592	692	751	844	1,895	12,020	3,722
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	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)	0.00	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)	2.23	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)	16.96	14.31	18.45	14.63	10.93	12.31	11.67	15.27	10.42	1.80	10.88
Dividend Yield	0.49%	0.48%	0.35%	0.32%	0.39%	0.31%	0.29%	0.29%	0.29%	0.28%	0.33%
Earnings Yield	5.90%	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)	6.61	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)	2.23	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)	9.89	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)	11.54	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)	16.96	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)	12.90	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)	0.82	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	0.00	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	0.00	0.25	0.28	0.26	0.10	0.25	0.27	0.25	0.46	1.75	1.65
Financial Leverage	0.71	0.61	0.46	0.47	0.36	0.31	0.41	0.41	0.59	1.43	1.72
Leverage Ratio	10.68	11.29	10.96	10.64	10.25	10.63	11.49	12.07	11.64	10.45	10.06
Compound Leverage Factor	10.68	11.29	10.96	10.64	10.25	10.63	11.49	12.07	11.64	10.45	10.06
Debt to Total Capital	0.00%	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	0.00%	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	0.00%	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%	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%	0.00%
Common Equity to Total Capital	100.00%	68.86%	67.71%	68.07%	79.64%	72.99%	63.56%	67.43%	53.85%	34.59%	36.01%
Debt to EBITDA	0.00	3.63	3.44	2.53	1.51	1.92	2.52	2.11	3.51	3.13	9.95
Net Debt to EBITDA	0.00	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	0.00	1.97	2.00	1.41	0.56	1.28	1.54	1.42	2.35	3.09	9.86
Debt to NOPAT	0.00	6.17	6.37	4.83	2.23	2.90	3.84	3.26	6.05	3.28	13.34
Net Debt to NOPAT	0.00	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	0.00	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%	0.00%	4.35%	7.58%	8.48%	5.70%	4.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,877	-3,605	-52	-126	917	-75	-714	144	-8,687	-31,136	2,407
Operating Cash Flow to CapEx	220.34%	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	57.14	-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	3.62	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	1.98	3.24	3.45	6.25	8.55	4.94	2.54	-6.39	4.02	0.33	0.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	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	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	355	4,171	4,449	4,898	4,381	4,913	6,119	6,522	16,307	58,909	59,279
Invested Capital Turnover	0.61	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	-2,738	3,816	278	449	-517	532	1,206	403	9,785	42,602	370
Enterprise Value (EV)	2,350	3,776	5,056	5,966	4,939	6,583	7,446	751	12,906	24,546	45,314
Market Capitalization	2,350	3,012	4,159	4,738	4,374	5,632	5,579	8,080	10,923	20,528	29,560
Book Value per Share	($5.51)	$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	($20.04)	$219.92	$231.78	$258.97	$269.28	$295.08	$355.35	$410.84	$571.92	$1,357.84	$1,483.40
Total Capital	-53	4,171	4,449	4,898	4,381	4,913	6,119	6,522	16,307	58,909	59,279
Total Debt	0.00	1,299	1,436	1,564	892	1,327	1,890	1,784	6,645	37,654	37,051
Total Long-Term Debt	0.00	704	833	870	334	884	1,160	1,195	4,459	37,169	36,684
Net Debt	0.00	765	897	1,228	565	950	1,528	-7,669	1,102	3,137	14,873
Capital Expenditures (CapEx)	83	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	0.00
Net Nonoperating Obligations (NNO)	408	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)	34	26	66	74	88	100	133	143	533	-57	130
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$13.56	$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	10.22M	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	$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	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	$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	12.01M	11.53M	10.51M	9.82M	15.98M	14.51M	14.52M	13.58M
Normalized Net Operating Profit after Tax (NOPAT)	147	219	229	329	405	471	506	570	1,284	11,912	2,939
Normalized NOPAT Margin	14.00%	15.76%	17.32%	20.81%	25.20%	27.25%	27.11%	30.01%	25.27%	63.41%	30.12%
Pre Tax Income Margin	19.33%	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	4.04	7.50	8.15	12.41	13.66	6.39	6.44	11.49	2.92	3.28	0.69
NOPAT to Interest Expense	2.75	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	2.40	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	1.11	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	8.33%	8.56%	6.39%	4.45%	4.19%	3.97%	6.10%	7.68%	7.56%	1.02%	5.69%
Augmented Payout Ratio	8.33%	8.56%	6.39%	4.45%	44.93%	103.04%	73.98%	7.68%	120.49%	1.02%	65.03%

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	161.36%	641.09%	133.01%	112.13%	99.35%	-78.00%	-6.07%	-6.10%	-1.87%	-5.97%	-3.54%
EBITDA Growth	171.13%	2,730.38%	77.37%	64.52%	27.00%	-89.66%	14.27%	2.23%	24.25%	-25.00%	-12.89%
EBIT Growth	156.21%	4,109.33%	165.88%	144.36%	81.89%	-89.40%	9.26%	-12.44%	3.23%	-35.16%	-22.57%
NOPAT Growth	108.94%	3,412.18%	167.45%	138.73%	100.00%	-92.32%	3.67%	-15.03%	36.19%	-33.93%	-18.67%
Net Income Growth	108.94%	3,412.18%	167.45%	138.73%	100.00%	-92.32%	3.67%	-15.03%	36.19%	-33.93%	-18.67%
EPS Growth	37.22%	3,814.01%	208.68%	163.22%	106.93%	-92.46%	3.64%	-14.31%	43.29%	-30.02%	-10.90%
Operating Cash Flow Growth	729.92%	-162.74%	40.06%	138.14%	-14.52%	227.35%	-54.48%	-17.76%	24.20%	-78.74%	106.00%
Free Cash Flow Firm Growth	-3,301.86%	-469.81%	-422.06%	-243.72%	-341.73%	115.87%	101.52%	96.81%	100.78%	-112.48%	-83.33%
Invested Capital Growth	150.03%	371.14%	296.73%	219.66%	261.25%	-9.07%	0.06%	3.25%	0.63%	2.21%	0.77%
Revenue Q/Q Growth	0.24%	802.44%	-76.42%	-0.53%	-5.80%	-0.41%	0.65%	-0.57%	-1.55%	-4.57%	3.26%
EBITDA Q/Q Growth	-3.31%	1,724.14%	-91.02%	3.83%	-25.36%	48.50%	-0.71%	-7.11%	-9.29%	-10.36%	15.32%
EBIT Q/Q Growth	-3.92%	2,316.07%	-90.54%	11.27%	-28.49%	40.81%	-2.49%	-10.83%	-15.69%	-11.55%	16.44%
NOPAT Q/Q Growth	-18.41%	3,603.50%	-92.83%	10.26%	-31.65%	42.22%	-3.28%	-9.62%	9.55%	-31.00%	19.05%
Net Income Q/Q Growth	-18.41%	3,603.50%	-92.83%	10.26%	-31.65%	42.22%	-3.28%	-9.62%	9.55%	-31.00%	19.05%
EPS Q/Q Growth	-13.82%	3,839.96%	-92.98%	10.46%	-32.25%	43.49%	-3.49%	-8.67%	13.29%	-29.92%	22.89%
Operating Cash Flow Q/Q Growth	108.30%	-134.35%	353.04%	31.55%	-25.23%	-48.83%	-9.54%	137.65%	12.92%	-91.24%	776.53%
Free Cash Flow Firm Q/Q Growth	16.40%	-340.07%	-5.24%	11.23%	-7.44%	115.81%	-89.90%	-285.86%	126.42%	-351.52%	113.49%
Invested Capital Q/Q Growth	-10.28%	300.50%	-8.27%	-3.02%	1.39%	0.81%	0.94%	0.07%	-1.18%	2.40%	-0.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.73%	86.37%	32.91%	34.36%	27.22%	40.59%	40.04%	37.41%	34.47%	32.38%	36.16%
EBIT Margin	31.84%	85.26%	34.21%	38.27%	29.05%	41.08%	39.80%	35.69%	30.56%	28.33%	31.94%
Profit (Net Income) Margin	20.88%	85.68%	26.04%	28.87%	20.95%	29.91%	28.74%	26.12%	29.07%	21.02%	24.23%
Tax Burden Percent	65.56%	100.50%	76.12%	75.43%	72.09%	72.81%	72.22%	73.20%	95.11%	74.19%	75.86%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.44%	-0.50%	23.88%	24.57%	27.91%	27.19%	27.78%	26.80%	4.89%	25.81%	24.14%
Return on Invested Capital (ROIC)	9.30%	31.80%	11.24%	13.29%	10.46%	4.86%	4.78%	4.34%	4.80%	3.36%	3.84%
ROIC Less NNEP Spread (ROIC-NNEP)	9.30%	31.80%	11.24%	13.29%	10.46%	4.86%	4.78%	4.34%	4.80%	3.36%	3.84%
Return on Net Nonoperating Assets (RNNOA)	5.44%	52.72%	16.48%	20.26%	14.99%	9.89%	8.77%	7.52%	8.25%	5.79%	6.47%
Return on Equity (ROE)	14.74%	84.52%	27.72%	33.55%	25.46%	14.75%	13.55%	11.85%	13.05%	9.15%	10.31%
Cash Return on Invested Capital (CROIC)	-76.11%	-103.83%	-90.75%	-75.29%	-82.79%	13.79%	4.45%	1.19%	4.07%	2.03%	3.21%
Operating Return on Assets (OROA)	1.93%	7.75%	3.49%	4.16%	3.38%	1.92%	1.85%	1.61%	1.36%	1.22%	1.35%
Return on Assets (ROA)	1.27%	7.79%	2.66%	3.14%	2.44%	1.40%	1.33%	1.18%	1.30%	0.90%	1.03%
Return on Common Equity (ROCE)	13.49%	79.52%	26.11%	31.60%	24.00%	14.43%	12.99%	11.37%	12.52%	8.97%	9.90%
Return on Equity Simple (ROE_SIMPLE)	0.00%	53.84%	54.48%	54.98%	0.00%	12.26%	12.02%	11.35%	0.00%	11.34%	10.75%
Net Operating Profit after Tax (NOPAT)	257	9,518	682	752	514	731	707	639	700	483	575
NOPAT Margin	20.88%	85.68%	26.04%	28.87%	20.95%	29.91%	28.74%	26.12%	29.07%	21.02%	24.23%
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%	0.00%
SG&A Expenses to Revenue	42.65%	5.39%	40.82%	37.70%	39.77%	40.06%	40.94%	43.21%	44.68%	47.95%	45.89%
Operating Expenses to Revenue	61.74%	7.70%	60.02%	54.36%	60.80%	56.30%	56.34%	59.53%	63.00%	64.97%	63.21%
Earnings before Interest and Taxes (EBIT)	392	9,471	896	997	713	1,004	979	873	736	651	758
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	526	9,595	862	895	668	992	985	915	830	744	858
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.24	0.77	0.98	1.02	1.01	1.09	1.13	1.21	1.38	1.18	1.21
Price to Tangible Book Value (P/TBV)	1.32	0.80	1.02	1.06	1.04	1.12	1.17	1.25	1.42	1.21	1.25
Price to Revenue (P/Rev)	2.15	0.96	1.15	1.14	1.09	2.34	2.46	2.72	3.03	2.62	2.73
Price to Earnings (P/E)	10.42	1.37	1.73	1.79	1.80	9.06	9.26	10.53	10.88	10.20	11.12
Dividend Yield	0.29%	0.25%	0.21%	0.22%	0.28%	0.29%	0.34%	0.36%	0.33%	0.39%	0.38%
Earnings Yield	9.59%	73.18%	57.72%	55.87%	55.57%	11.04%	10.80%	9.50%	9.19%	9.80%	8.99%
Enterprise Value to Invested Capital (EV/IC)	0.79	0.32	0.35	0.36	0.42	0.50	0.61	0.64	0.76	0.64	0.63
Enterprise Value to Revenue (EV/Rev)	2.54	1.42	1.29	1.20	1.31	2.94	3.68	3.89	4.64	4.05	3.98
Enterprise Value to EBITDA (EV/EBITDA)	6.81	1.88	1.81	1.77	2.04	8.71	10.36	10.72	12.17	11.21	11.33
Enterprise Value to EBIT (EV/EBIT)	9.48	1.97	1.86	1.79	2.03	8.25	9.93	10.70	12.62	12.03	12.56
Enterprise Value to NOPAT (EV/NOPAT)	11.75	2.02	1.93	1.88	2.14	11.11	13.56	14.73	16.32	15.40	15.82
Enterprise Value to Operating Cash Flow (EV/OCF)	4.62	11.29	9.85	7.49	9.23	8.55	12.29	13.78	15.17	14.84	12.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	3.46	13.74	54.30	18.83	32.04	19.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	2.40	2.03	1.85	1.77	1.72	1.67	1.63	1.67	1.72	1.71
Long-Term Debt to Equity	0.46	2.35	2.01	1.83	1.75	1.70	1.65	1.61	1.65	1.70	1.69
Financial Leverage	0.59	1.66	1.47	1.52	1.43	2.04	1.84	1.73	1.72	1.72	1.69
Leverage Ratio	11.64	10.85	10.43	10.69	10.45	10.53	10.16	10.05	10.06	10.12	10.04
Compound Leverage Factor	11.64	10.85	10.43	10.69	10.45	10.53	10.16	10.05	10.06	10.12	10.04
Debt to Total Capital	40.75%	70.58%	67.00%	64.91%	63.92%	63.21%	62.49%	61.95%	62.50%	63.27%	63.09%
Short-Term Debt to Total Capital	13.41%	1.54%	0.76%	0.78%	0.82%	0.67%	0.64%	0.65%	0.62%	0.74%	0.78%
Long-Term Debt to Total Capital	27.34%	69.03%	66.24%	64.13%	63.10%	62.55%	61.84%	61.29%	61.88%	62.53%	62.31%
Preferred Equity to Total Capital	5.40%	1.35%	1.47%	1.52%	1.50%	0.00%	1.47%	1.47%	1.49%	1.45%	1.46%
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%	0.00%
Common Equity to Total Capital	53.85%	28.07%	31.53%	33.58%	34.59%	36.79%	36.04%	36.59%	36.01%	35.28%	35.45%
Debt to EBITDA	3.51	4.13	3.48	3.17	3.13	10.99	10.58	10.44	9.95	11.06	11.39
Net Debt to EBITDA	0.58	0.54	0.12	0.02	0.26	1.77	3.20	2.99	4.00	3.71	3.30
Long-Term Debt to EBITDA	2.35	4.04	3.44	3.14	3.09	10.87	10.47	10.33	9.86	10.93	11.25
Debt to NOPAT	6.05	4.46	3.73	3.36	3.28	14.01	13.85	14.34	13.34	15.19	15.90
Net Debt to NOPAT	1.00	0.58	0.13	0.02	0.27	2.26	4.19	4.11	5.36	5.10	4.61
Long-Term Debt to NOPAT	4.06	4.36	3.68	3.32	3.24	13.87	13.71	14.19	13.21	15.01	15.70
Noncontrolling Interest Sharing Ratio	8.48%	5.92%	5.79%	5.83%	5.70%	2.15%	4.17%	4.08%	4.05%	2.00%	3.93%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9,528	-41,930	-44,127	-39,173	-42,088	6,653	672	-1,249	330	-830	112
Operating Cash Flow to CapEx	276.64%	-121.07%	270.21%	614.80%	151.68%	210.50%	138.54%	233.18%	329.12%	46.67%	306.79%
Free Cash Flow to Firm to Interest Expense	-40.03	-116.15	-44.48	-34.98	-34.90	5.25	0.51	-0.93	0.26	-0.67	0.09
Operating Cash Flow to Interest Expense	4.43	-1.00	0.92	1.08	0.75	0.36	0.32	0.74	0.87	0.08	0.69
Operating Cash Flow Less CapEx to Interest Expense	2.83	-1.83	0.58	0.90	0.25	0.19	0.09	0.42	0.60	-0.09	0.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.09	0.10	0.11	0.12	0.05	0.05	0.05	0.04	0.04	0.04
Fixed Asset Turnover	0.00	1.51	1.64	1.77	2.05	0.97	1.03	1.00	1.08	0.96	1.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,307	65,310	59,910	58,101	58,909	59,388	59,945	59,989	59,279	60,701	60,408
Invested Capital Turnover	0.45	0.37	0.43	0.46	0.50	0.16	0.17	0.17	0.17	0.16	0.16
Increase / (Decrease) in Invested Capital	9,785	51,448	44,809	39,925	42,602	-5,922	35	1,888	370	1,313	463
Enterprise Value (EV)	12,906	20,913	20,824	21,058	24,546	29,768	36,676	38,171	45,314	38,957	37,919
Market Capitalization	10,923	14,058	18,567	19,960	20,528	23,718	24,462	26,631	29,560	25,174	25,999
Book Value per Share	$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	$1,577.20	$1,611.50
Tangible Book Value per Share	$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	$1,534.48	$1,568.83
Total Capital	16,307	65,310	59,910	58,101	58,909	59,388	59,945	59,989	59,279	60,701	60,408
Total Debt	6,645	46,094	40,139	37,712	37,654	37,540	37,458	37,161	37,051	38,406	38,112
Total Long-Term Debt	4,459	45,085	39,685	37,259	37,169	37,145	37,072	36,770	36,684	37,956	37,641
Net Debt	1,102	5,974	1,376	217	3,137	6,050	11,333	10,659	14,873	12,902	11,039
Capital Expenditures (CapEx)	381	299	339	196	594	219	301	425	340	210	280
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	6,645	46,094	40,139	37,712	37,654	37,540	37,458	37,161	37,051	38,406	38,112
Total Depreciation and Amortization (D&A)	134	124	-34	-102	-45	-12	6.00	42	94	93	100
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$16.63	$654.22	$45.90	$50.71	$34.31	$49.27	$47.54	$43.42	$49.19	$34.47	$42.36
Adjusted Weighted Average Basic Shares Outstanding	15.53M	14.53M	14.53M	14.53M	14.53M	14.53M	14.53M	14.38M	14.34M	13.58M	13.24M
Adjusted Diluted Earnings per Share	$16.59	$653.64	$45.87	$50.67	$34.33	$49.26	$47.54	$43.42	$49.19	$34.47	$42.36
Adjusted Weighted Average Diluted Shares Outstanding	15.55M	14.54M	14.54M	14.54M	14.54M	14.54M	14.53M	14.38M	14.34M	13.58M	13.24M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.51M	14.52M	14.52M	14.52M	14.52M	14.53M	14.47M	13.99M	13.58M	13.29M	12.92M
Normalized Net Operating Profit after Tax (NOPAT)	276	6,649	838	843	598	773	739	673	759	514	604
Normalized NOPAT Margin	22.42%	59.86%	32.00%	32.37%	24.35%	31.64%	30.03%	27.50%	31.52%	22.37%	25.45%
Pre Tax Income Margin	31.84%	85.26%	34.21%	38.27%	29.05%	41.08%	39.80%	35.69%	30.56%	28.33%	31.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.65	26.24	0.90	0.89	0.59	0.79	0.75	0.65	0.57	0.53	0.61
NOPAT to Interest Expense	1.08	26.37	0.69	0.67	0.43	0.58	0.54	0.48	0.54	0.39	0.46
EBIT Less CapEx to Interest Expense	0.05	25.41	0.56	0.72	0.10	0.62	0.52	0.33	0.31	0.36	0.38
NOPAT Less CapEx to Interest Expense	-0.52	25.54	0.35	0.50	-0.07	0.40	0.31	0.16	0.28	0.22	0.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.56%	0.92%	0.90%	0.92%	1.02%	4.85%	5.29%	5.98%	5.69%	6.37%	6.76%
Augmented Payout Ratio	120.49%	0.92%	0.90%	4.92%	1.02%	4.85%	5.29%	33.00%	65.03%	95.97%	126.87%

Key Financial Trends

First Citizens BancShares (NASDAQ: FCNCA) has demonstrated a solid financial performance over the past several years, with consistent growth in key operating metrics and sound balance sheet management. Here’s what retail investors should know from the latest quarterly data and historical trends:

Net Income Growth: The company reported a consolidated net income of $575 million in Q2 2025, up from $483 million in Q1 2025, showing positive earnings momentum.
Strong Net Interest Income: Net interest income in Q2 2025 was $1.695 billion, reflecting stable revenue generation from loans and deposits.
Loan Portfolio Size: Loans and leases outstanding remained robust at approximately $141 billion as of Q2 2025, indicating strong lending activity.
Deposit Growth: Deposits grew by $762 million in Q2 2025, continuing the trend of healthy deposit inflows supporting the bank's funding base.
Cash Flows from Operations: Net cash from continuing operating activities improved significantly to $859 million in Q2 2025, compared to $98 million in Q1 2025, highlighting operational efficiency and cash generation.
Capital Return to Shareholders: The bank repurchased $613 million of common equity and paid $40 million in dividends in Q2 2025, supporting shareholder returns.
Investment Securities Activity: There were significant purchases ($1.166 billion) and sales ($886 million) of investment securities in Q2 2025, reflecting active portfolio management.
Provision for Loan Losses: The provision for loan losses was $115 million in Q2 2025, down from $154 million in Q1 2025, indicating management’s cautious approach to credit risk.
Interest Expense Pressure: Total interest expense rose to $1.25 billion in Q2 2025 from $1.232 billion in Q1 2025, putting some pressure on net interest margin.
High Non-Interest Expenses: Non-interest expenses remain elevated at $1.5 billion in Q2 2025, slightly higher than previous quarters, which could constrain earnings growth if not managed carefully.

Trend Analysis:

Over the last four quarters, First Citizens BancShares has steadily increased its net interest income and total revenue, driven by higher loan interest income and consistent deposit growth. Earnings per share have also improved, rising from $34.47 in Q1 2025 to $42.36 in Q2 2025 (diluted EPS).

The company has focused on deploying cash effectively, seen in active securities trading and property, leasehold improvements investments. Operating cash flow has strengthened significantly, implying improving operational efficiency and liquidity management.

On the balance sheet, total assets have grown to nearly $230 billion in Q2 2025, with equity around $22.3 billion, showing a strong capital base. Despite increasing debt repayments, the long-term debt position remains sizable at about $37.6 billion.

However, investors should watch the relatively high non-interest expense levels and rising interest costs, which could limit future profitability if interest rates remain elevated. Additionally, provisions for loan losses, while somewhat decreasing, should be monitored for any credit risk development.

Summary: First Citizens BancShares shows healthy growth in income and stable asset quality trends, with strong deposit accumulation and operating cash flows. The bank’s commitment to returning capital to shareholders is clear. Cautious investors may want to keep an eye on expense management and interest cost pressures, but overall the company maintains a solid financial profile heading into the remainder of 2025.

08/29/25 09:50 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About First Citizens BancShares' Financials

When does First Citizens BancShares' 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 10 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 $138.56 million in 2014. 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 10 years?

Over the last 10 years, First Citizens BancShares' total revenue changed from $1.05 billion in 2014 to $9.76 billion in 2024, a change of 826.4%.

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 20,149,200,000,000.0% increase since 2014.

How much cash does First Citizens BancShares have?

In the past 10 years, First Citizens BancShares' cash and equivalents has ranged from $0.00 in 2014 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 10 years?

Over the last 10 years, First Citizens BancShares' book value per share changed from -5.51 in 2014 to 1,525.93 in 2024, a change of -27,803.9%.

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This page (NASDAQ:FCNCA) was last updated on 8/29/2025 by MarketBeat.com Staff

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First Citizens BancShares (FCNCA) Financials

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First Citizens BancShares (FCNCA) Financials

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