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.
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 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 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 |
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 |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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 |
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 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 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 |
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 |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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 |
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 |
Q1 2025 |
Q2 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 |
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 |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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% |
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 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 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.
08/27/25 07:40 PM ETAI Generated. May Contain Errors.