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First Citizens BancShares (FCNCP) Financials

First Citizens BancShares logo
$20.45 -0.08 (-0.39%)
Closing price 03:59 PM Eastern
Extended Trading
$20.45 0.00 (0.00%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for First Citizens BancShares

Annual Income Statements for First Citizens BancShares

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 210 225 324 400 457 478 529 1,048 11,407 2,716 2,149
Consolidated Net Income / (Loss)		 210 225 324 400 457 492 547 1,098 11,466 2,777 2,206
Net Income / (Loss) Continuing Operations		 210 225 324 400 457 492 547 1,098 11,466 2,777 2,206
Total Pre-Tax Income 		332 351 544 504 592 618 701 1,362 12,077 3,592 2,971
Total Revenue		 1,392 1,322 1,582 1,609 1,727 1,865 1,898 5,082 18,787 9,758 9,541
Net Interest Income / (Expense)		 925 945 1,060 1,209 1,311 1,388 1,390 2,946 6,712 7,143 6,814
Total Interest Income		 969 988 1,104 1,246 1,404 1,484 1,451 3,413 10,391 12,353 11,778
Loans and Leases Interest Income		 875 876 956 1,073 1,217 1,333 1,295 2,953 8,187 9,528 9,096
Investment Securities Interest Income		 88 97 121 151 160 144 145 354 648 1,347 1,690
Deposits and Money Market Investments Interest Income		 6.07 15 27 22 26 7.00 11 106 1,556 1,478 992
Total Interest Expense		 44 43 44 37 93 96 61 467 3,679 5,210 4,964
Deposits Interest Expense		 21 18 16 22 76 67 33 335 2,497 3,864 3,559
Long-Term Debt Interest Expense		 18 23 25 12 13 29 28 132 1,182 1,346 1,405
Total Non-Interest Income		 467 377 522 400 416 477 508 2,136 12,075 2,615 2,727
Other Service Charges		 432 53 29 20 18 385 36 822 1,313 1,520 1,585
Net Realized & Unrealized Capital Gains on Investments		 54 60 175 19 49 60 469 453 9,791 34 24
Other Non-Interest Income		 -19 265 318 361 349 32 3.00 861 971 1,061 1,118
Provision for Credit Losses		 21 33 26 28 31 58 -37 645 1,375 431 514
Total Non-Interest Expense		 1,039 938 1,012 1,077 1,104 1,189 1,234 3,075 5,335 5,735 6,056
Salaries and Employee Benefits		 430 444 491 528 551 722 759 1,408 2,636 3,078 3,294
Net Occupancy & Equipment Expense		 191 195 202 212 223 233 236 596 888 965 1,037
Marketing Expense		 - - - - - 10 10 53 102 76 142
Property & Liability Insurance Claims		 18 21 22 19 11 13 14 31 158 138 141
Other Operating Expenses		 386 273 288 312 301 179 174 388 653 811 849
Depreciation Expense		 - - - - - 0.00 0.00 345 371 394 398
Amortization Expense		 - - - - - 15 12 23 57 63 54
Restructuring Charge		 14 5.34 9.02 6.46 17 17 29 231 470 210 141
Income Tax Expense		 122 126 220 103 135 126 154 264 611 815 765
Preferred Stock Dividends Declared		 - - - 0.00 0.00 14 18 50 59 61 57
Basic Earnings per Share		 $17.52 $18.77 $29.96 $33.53 $41.05 $47.50 $53.88 $67.47 $785.14 $189.42 $165.24
Weighted Average Basic Shares Outstanding		 12.01M 12.01M 12.01M 11.94M 11.14M 10.06M 9.82M 15.53M 14.53M 14.34M 13.00M
Diluted Earnings per Share		 $17.52 - $29.96 - - $47.50 $53.88 $67.40 $784.51 $189.41 $165.24
Weighted Average Diluted Shares Outstanding		 12M 6M 12.01M 11.90M 10.51M 10.06M 9.82M 15.55M 14.54M 14.34M 13.00M
Weighted Average Basic & Diluted Shares Outstanding		 12M 6M 12.01M 11.90M 10.51M 9.82M 15.98M 14.51M 14.52M 13.58M 11.94M
Cash Dividends to Common per Share		 $1.20 $1.20 $1.25 $1.45 $1.60 $1.67 $1.88 $2.16 $3.89 $6.87 $7.95

Quarterly Income Statements for First Citizens BancShares

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 737 499 716 691 624 685 468 561 554 566 508
Consolidated Net Income / (Loss)		 752 514 731 707 639 700 483 575 568 580 534
Net Income / (Loss) Continuing Operations		 752 514 731 707 639 700 483 575 568 580 534
Total Pre-Tax Income 		997 713 1,004 979 873 736 651 758 751 811 705
Total Revenue		 2,605 2,454 2,444 2,460 2,446 2,408 2,298 2,373 2,433 2,437 2,313
Net Interest Income / (Expense)		 1,990 1,911 1,817 1,821 1,796 1,709 1,663 1,695 1,734 1,722 1,621
Total Interest Income		 3,110 3,117 3,084 3,130 3,138 3,001 2,895 2,945 2,998 2,940 2,786
Loans and Leases Interest Income		 2,426 2,391 2,354 2,422 2,430 2,322 2,236 2,270 2,300 2,290 2,206
Investment Securities Interest Income		 180 241 282 330 358 377 414 419 433 424 384
Deposits and Money Market Investments Interest Income		 504 485 448 378 350 302 245 256 265 226 196
Total Interest Expense		 1,120 1,206 1,267 1,309 1,342 1,292 1,232 1,250 1,264 1,218 1,165
Deposits Interest Expense		 769 865 928 975 1,004 957 893 894 911 861 833
Long-Term Debt Interest Expense		 351 341 339 334 338 335 339 356 353 357 332
Total Non-Interest Income		 615 543 627 639 650 699 635 678 699 715 692
Other Service Charges		 358 698 368 378 370 404 365 396 410 414 405
Net Realized & Unrealized Capital Gains on Investments		 10 -644 8.00 4.00 9.00 15 5.00 8.00 3.00 8.00 3.00
Other Non-Interest Income		 247 - 251 257 271 280 265 274 286 293 284
Provision for Credit Losses		 192 249 64 95 117 155 154 115 191 54 72
Total Non-Interest Expense		 1,416 1,492 1,376 1,386 1,456 1,517 1,493 1,500 1,491 1,572 1,536
Salaries and Employee Benefits		 727 714 744 745 788 801 818 810 817 849 869
Net Occupancy & Equipment Expense		 233 238 221 244 249 251 252 247 262 276 261
Marketing Expense		 22 24 14 18 20 24 32 32 33 45 30
Property & Liability Insurance Claims		 36 82 41 33 31 33 38 38 38 27 38
Other Operating Expenses		 165 205 185 189 208 229 198 222 202 227 219
Depreciation Expense		 95 96 96 98 99 101 98 100 98 102 101
Amortization Expense		 17 17 17 15 15 16 15 13 13 13 13
Restructuring Charge		 121 116 58 44 46 62 42 38 28 33 5.00
Income Tax Expense		 245 199 273 272 234 36 168 183 183 231 171
Preferred Stock Dividends Declared		 15 15 15 16 15 15 15 14 14 14 26
Basic Earnings per Share		 $50.71 $34.31 $49.27 $47.54 $43.42 $49.19 $34.47 $42.36 $43.08 $45.33 $42.63
Weighted Average Basic Shares Outstanding		 14.53M 14.53M 14.53M 14.53M 14.38M 14.34M 13.58M 13.24M 12.85M 13.00M 11.92M
Diluted Earnings per Share		 $50.67 $34.33 $49.26 $47.54 $43.42 $49.19 $34.47 $42.36 $43.08 $45.33 $42.63
Weighted Average Diluted Shares Outstanding		 14.54M 14.54M 14.54M 14.53M 14.38M 14.34M 13.58M 13.24M 12.85M 13.00M 11.92M
Weighted Average Basic & Diluted Shares Outstanding		 14.52M 14.52M 14.53M 14.47M 13.99M 13.58M 13.29M 12.92M 12.44M 11.94M 11.59M
Cash Dividends to Common per Share		 $0.75 - $1.64 - $1.64 - $1.95 - $1.95 - $2.10

Annual Cash Flow Statements for First Citizens BancShares

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -70 5.66 -204 -8.71 49 -15 -24 180 390 -94 -13
Net Cash From Operating Activities		 233 231 355 454 578 376 -284 2,791 2,660 2,988 2,923
Net Cash From Continuing Operating Activities		 233 231 355 454 578 376 -284 2,791 2,660 2,988 2,923
Net Income / (Loss) Continuing Operations		 210 225 324 400 457 492 547 1,098 11,466 2,777 2,206
Consolidated Net Income / (Loss)		 210 225 324 400 457 492 547 1,098 11,466 2,777 2,206
Provision For Loan Losses		 21 33 26 28 31 58 -37 645 1,375 431 514
Depreciation Expense		 88 89 91 97 104 133 143 533 -57 130 405
Non-Cash Adjustments to Reconcile Net Income		 -47 -16 5.09 -66 39 885 914 270 -9,211 1,257 1,311
Changes in Operating Assets and Liabilities, net		 24 -78 -73 2.98 -50 -1,192 -1,851 245 -913 -1,607 -1,513
Net Cash From Investing Activities		 -1,248 -1,100 -669 101 -1,596 -9,908 -7,568 75 2,429 -10,155 -5,611
Net Cash From Continuing Investing Activities		 -1,248 -1,100 -669 101 -1,596 -9,908 -7,568 75 2,429 -10,155 -5,611
Purchase of Property, Leasehold Improvements and Equipment		 -90 -82 -85 -140 -121 -133 -107 -926 -1,428 -1,535 -1,562
Purchase of Investment Securities		 -4,118 -5,302 -4,862 -1,552 -5,257 -14,643 -7,778 -2,740 -6,787 -31,245 -24,280
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.00 3.06 1.72 0.13 1.00 1.00 13 243 250 285
Divestitures		 0.00 - - - - - - - 810 0.00 0.00
Sale and/or Maturity of Investments		 3,015 4,325 4,283 2,971 5,102 4,867 316 4,132 9,497 22,448 19,734
Other Investing Activities, net		 -22 -20 -7.73 -1,024 -1,321 0.00 0.00 -538 94 -73 212
Net Cash From Financing Activities		 945 876 110 -564 1,067 9,517 7,828 -2,686 -4,699 7,073 2,675
Net Cash From Continuing Financing Activities		 945 876 110 -564 1,067 9,517 7,828 -2,686 -4,699 7,073 2,675
Net Change in Deposits		 1,017 782 0.87 490 1,439 8,979 7,976 -1,691 265 9,461 6,524
Issuance of Debt		 350 150 175 125 200 746 0.00 6,959 10,491 0.00 1,838
Issuance of Preferred Equity		 - - - 0.00 0.00 340 - - 0.00 0.00 494
Repayment of Debt		 -404 -42 -52 -999 -101 -87 -54 -6,454 -15,370 -450 -2,850
Repurchase of Common Equity		 0.00 0.00 0.00 -163 -453 -334 0.00 -1,240 0.00 -1,648 -3,027
Payment of Dividends		 -18 -14 -14 -17 -18 -30 -42 -83 -117 -158 -161
Other Financing Activities, Net		 0.00 - - - - -97 -52 -177 32 -132 -143
Cash Interest Paid		 47 45 44 37 78 105 62 525 3,686 5,079 4,810
Cash Income Taxes Paid		 137 109 89 74 83 117 870 -551 514 763 315

Quarterly Cash Flow Statements for First Citizens BancShares

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -125 117 -210 66 98 -48 -2.00 77 -15 -73 279
Net Cash From Operating Activities		 1,205 901 461 417 991 1,119 98 859 916 1,050 172
Net Cash From Continuing Operating Activities		 1,205 901 461 417 991 1,119 98 859 916 1,050 172
Net Income / (Loss) Continuing Operations		 752 514 731 707 639 700 483 575 568 580 534
Consolidated Net Income / (Loss)		 752 514 731 707 639 700 483 575 568 580 534
Provision For Loan Losses		 192 249 64 95 117 155 154 115 191 54 72
Depreciation Expense		 -102 -45 -12 6.00 42 94 93 100 91 121 180
Non-Cash Adjustments to Reconcile Net Income		 776 53 239 87 367 564 251 395 299 366 458
Changes in Operating Assets and Liabilities, net		 -413 130 -561 -478 -174 -394 -883 -326 -233 -71 -1,072
Net Cash From Investing Activities		 -3,754 -358 -4,291 -1,819 -301 -3,744 -4,877 -562 -3,801 3,629 -6,537
Net Cash From Continuing Investing Activities		 -3,754 -358 -4,291 -1,819 -301 -3,744 -4,877 -562 -3,801 3,629 -6,537
Purchase of Property, Leasehold Improvements and Equipment		 -298 -416 -285 -338 -471 -441 -273 -341 -375 -573 -335
Purchase of Investment Securities		 -6,212 -10,951 -8,692 -9,215 -2,114 -11,224 -6,882 -1,166 -8,595 -10,965 -4,442
Sale of Property, Leasehold Improvements and Equipment		 102 -178 66 37 46 101 63 61 71 90 55
Sale and/or Maturity of Investments		 2,508 11,380 4,557 7,674 2,163 8,054 2,086 886 4,833 15,257 -1,907
Other Investing Activities, net		 215 -193 63 23 75 -234 129 -2.00 265 -180 92
Net Cash From Financing Activities		 2,424 -426 3,620 1,468 -592 2,577 4,777 -220 2,870 -4,752 6,644
Net Cash From Continuing Financing Activities		 2,424 -426 3,620 1,468 -592 2,577 4,777 -220 2,870 -4,752 6,644
Net Change in Deposits		 4,894 -315 3,789 1,518 461 3,693 4,113 762 3,259 -1,610 9,264
Issuance of Debt		 - 1.00 0.00 - - - 1,242 - 597 -1.00 497
Issuance of Preferred Equity		 - - - - - - 0.00 - - - 390
Repayment of Debt		 -2,443 -104 -31 -1.00 -316 -102 -1.00 -351 -3.00 -2,495 -2,503
Repurchase of Common Equity		 - - 0.00 - - -948 -618 -613 -896 -900 -899
Payment of Dividends		 -26 -39 -39 -39 -38 -42 -42 -40 -39 -40 -51
Other Financing Activities, Net		 -1.00 31 -99 -10 1.00 -24 83 22 -48 -200 -54
Cash Interest Paid		 1,076 1,243 1,294 1,324 1,387 1,074 1,224 1,198 1,241 1,147 1,161
Cash Income Taxes Paid		 2.00 85 53 650 51 9.00 40 131 118 26 51

Annual Balance Sheets for First Citizens BancShares

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 31,476 32,991 34,528 35,409 39,824 49,958 58,309 109,298 213,758 223,720 229,698
Cash and Due from Banks		 534 540 336 327 377 362 338 518 908 814 801
Interest Bearing Deposits at Other Banks		 - - - - - - 9,115 5,025 33,609 21,364 19,801
Trading Account Securities		 6,862 7,007 7,180 6,834 7,173 9,923 - 19,369 30,472 44,248 41,669
Loans and Leases, Net of Allowance		 20,034 21,519 23,375 25,300 28,656 32,568 0.00 69,859 131,555 138,545 147,930
Loans and Leases		 20,240 21,738 23,597 25,523 28,881 32,792 - 70,781 133,302 140,221 147,930
Premises and Equipment, Net		 1,136 1,133 1,138 1,204 1,244 1,251 - 9,612 8,746 9,323 12,068
Goodwill		 140 151 151 236 349 350 346 346 346 346 346
Intangible Assets		 91 78 73 72 68 51 19 140 312 249 195
Other Assets		 2,616 2,471 2,128 1,279 1,765 5,182 1,855 4,369 5,857 6,740 6,888
Total Liabilities & Shareholders' Equity		 31,476 32,991 34,528 35,409 39,824 49,958 58,309 109,298 213,758 223,720 229,698
Total Liabilities		 28,604 29,978 31,193 31,920 36,238 45,728 53,571 99,636 192,503 201,492 207,460
Non-Interest Bearing Deposits		 9,274 10,131 11,237 11,883 12,927 18,014 21,405 24,922 39,799 38,633 40,653
Interest Bearing Deposits		 17,656 18,031 18,029 18,790 21,504 25,418 30,001 64,486 106,055 116,596 120,925
Short-Term Debt		 595 603 694 558 443 730 589 2,186 485 367 224
Long-Term Debt		 704 833 870 334 884 1,160 1,195 4,459 37,169 36,684 35,784
Other Long-Term Liabilities		 374 381 363 355 480 407 381 3,583 8,995 9,212 9,874
Total Equity & Noncontrolling Interests		 2,872 3,012 3,334 3,489 3,586 4,229 4,738 9,662 21,255 22,228 22,238
Total Preferred & Common Equity		 2,872 3,012 3,334 3,489 3,586 4,229 4,738 9,662 21,255 22,228 22,238
Preferred Stock		 - - - 0.00 0.00 340 340 881 881 881 1,375
Total Common Equity		 2,872 3,012 3,334 3,489 3,586 3,889 4,398 8,781 20,374 21,347 20,863
Common Stock		 671 671 671 506 55 9.82 10 4,124 4,123 2,431 12
Retained Earnings		 2,266 2,477 2,785 3,219 3,658 3,867 4,378 5,392 16,742 19,361 20,768
Accumulated Other Comprehensive Income / (Loss)		 -64 -135 -122 -235 -127 12 10 -735 -491 -445 83

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 Q3 2025 Q1 2026
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 9/30/2025 3/31/2026
Total Assets		 109,310 214,658 209,502 213,765 217,836 219,827 220,567 228,822 229,653 233,488 235,959
Cash and Due from Banks		 481 1,598 917 791 698 764 862 812 889 874 1,080
Interest Bearing Deposits at Other Banks		 6,172 38,522 37,846 36,704 30,792 25,361 25,640 24,692 26,184 24,798 23,189
Trading Account Securities		 18,841 19,527 22,469 27,367 35,438 38,058 39,118 44,664 43,646 45,207 43,079
Loans and Leases, Net of Allowance		 68,908 136,683 131,378 131,529 133,633 137,641 137,017 139,678 139,597 143,106 148,692
Loans and Leases		 69,790 138,288 133,015 133,202 135,370 139,341 138,695 141,358 141,269 144,758 148,692
Premises and Equipment, Net		 9,394 10,074 10,313 10,429 10,717 8,945 9,186 9,371 9,466 9,446 12,184
Goodwill		 346 346 346 346 346 346 346 346 346 346 346
Intangible Assets		 145 364 347 329 295 280 265 234 221 208 182
Other Assets		 5,002 144,133 5,769 6,212 5,831 6,402 6,091 6,796 7,064 7,108 7,207
Total Liabilities & Shareholders' Equity		 109,310 214,658 209,502 213,765 217,836 219,827 220,567 228,822 229,653 233,488 235,959
Total Liabilities		 99,477 195,442 189,731 193,376 195,988 197,340 197,739 206,527 207,357 211,502 213,911
Non-Interest Bearing Deposits		 26,587 54,649 44,547 43,141 39,276 40,016 39,396 40,767 40,879 42,752 43,606
Interest Bearing Deposits		 60,966 85,401 96,617 103,092 110,333 111,063 112,178 118,558 119,056 120,438 127,236
Short-Term Debt		 3,128 1,009 454 453 395 386 391 450 471 423 170
Long-Term Debt		 5,215 45,085 39,685 37,259 37,145 37,072 36,770 37,956 37,641 38,252 33,792
Other Long-Term Liabilities		 3,581 9,298 8,428 9,431 8,839 8,803 9,004 8,796 9,310 9,637 9,107
Total Equity & Noncontrolling Interests		 9,833 19,216 19,771 20,389 21,848 22,487 22,828 22,295 22,296 21,986 22,048
Total Preferred & Common Equity		 9,833 19,216 19,771 20,389 21,848 22,487 22,828 22,295 22,296 21,986 22,048
Preferred Stock		 881 881 881 881 - 881 881 881 881 881 1,765
Total Common Equity		 8,952 18,335 18,890 19,508 21,848 21,606 21,947 21,414 21,415 21,105 20,283
Common Stock		 4,521 4,119 4,121 4,121 4,114 4,114 3,403 1,811 1,192 283 12
Retained Earnings		 5,160 14,885 15,541 16,267 17,435 18,102 18,703 19,802 20,337 20,866 20,343
Accumulated Other Comprehensive Income / (Loss)		 -729 -669 -772 -880 -582 -610 -159 -199 -114 -44 -72

Annual Metrics And Ratios for First Citizens BancShares

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $17.52 $18.77 $26.96 $33.53 $41.05 $47.50 $53.88 $67.47 $785.14 $189.42 $165.24
Adjusted Weighted Average Basic Shares Outstanding		 12.01M 12.01M 12.01M 11.94M 11.14M 10.06M 9.82M 15.53M 14.53M 14.34M 13.00M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $26.96 $0.00 $41.05 $0.00 $0.00 $67.40 $784.51 $189.41 $165.24
Adjusted Weighted Average Diluted Shares Outstanding		 12.01M 12.01M 12.01M 11.53M 10.51M 9.82M 15.98M 15.55M 14.54M 14.34M 13.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $26.96 $0.00 $41.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.01M 12.01M 12.01M 11.53M 10.51M 9.82M 15.98M 14.51M 14.52M 13.58M 11.94M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for First Citizens BancShares

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 11,937,176.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 11,937,176.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 44.73
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 112.13% 99.35% -78.00% -6.07% -6.10% -1.87% -5.97% -3.54% -0.53% - 0.65%
EBITDA Growth		 64.52% 27.00% -89.66% 14.27% 2.23% 24.25% -25.00% -12.89% -7.98% - 18.95%
EBIT Growth		 144.36% 81.89% -89.40% 9.26% -12.44% 3.23% -35.16% -22.57% -13.97% - 8.29%
NOPAT Growth		 138.73% 100.00% -92.32% 3.67% -15.03% 36.19% -33.93% -18.67% -11.11% - 10.56%
Net Income Growth		 138.73% 100.00% -92.32% 3.67% -15.03% 36.19% -33.93% -18.67% -11.11% - 10.56%
EPS Growth		 163.22% 106.93% -92.46% 3.64% -14.31% 43.29% -30.02% -10.90% -0.78% - 23.67%
Operating Cash Flow Growth		 138.14% -14.52% 227.35% -54.48% -17.76% 24.20% -78.74% 106.00% -7.57% - 75.51%
Free Cash Flow Firm Growth		 -243.72% -341.73% 115.87% 101.52% 96.81% 100.78% -112.48% -83.33% 91.67% - 729.52%
Invested Capital Growth		 219.66% 261.25% -9.07% 0.06% 3.25% 0.63% 2.21% 0.77% 1.12% - -7.73%
Revenue Q/Q Growth		 -0.53% -5.80% -0.41% 0.65% -0.57% -1.55% -4.57% 3.26% 2.53% - -5.09%
EBITDA Q/Q Growth		 3.83% -25.36% 48.50% -0.71% -7.11% -9.29% -10.36% 15.32% -1.86% - -5.04%
EBIT Q/Q Growth		 11.27% -28.49% 40.81% -2.49% -10.83% -15.69% -11.55% 16.44% -0.92% - -13.07%
NOPAT Q/Q Growth		 10.26% -31.65% 42.22% -3.28% -9.62% 9.55% -31.00% 19.05% -1.22% - -7.93%
Net Income Q/Q Growth		 10.26% -31.65% 42.22% -3.28% -9.62% 9.55% -31.00% 19.05% -1.22% - -7.93%
EPS Q/Q Growth		 10.46% -32.25% 43.49% -3.49% -8.67% 13.29% -29.92% 22.89% 1.70% - -5.96%
Operating Cash Flow Q/Q Growth		 31.55% -25.23% -48.83% -9.54% 137.65% 12.92% -91.24% 776.53% 6.64% - -83.62%
Free Cash Flow Firm Q/Q Growth		 11.23% -7.44% 115.81% -89.90% -285.86% 126.42% -351.52% 113.49% -192.86% - 223.93%
Invested Capital Q/Q Growth		 -3.02% 1.39% 0.81% 0.94% 0.07% -1.18% 2.40% -0.48% 0.42% - -3.84%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.36% 27.22% 40.59% 40.04% 37.41% 34.47% 32.38% 36.16% 34.61% - 38.26%
EBIT Margin		 38.27% 29.05% 41.08% 39.80% 35.69% 30.56% 28.33% 31.94% 30.87% - 30.48%
Profit (Net Income) Margin		 28.87% 20.95% 29.91% 28.74% 26.12% 29.07% 21.02% 24.23% 23.35% - 23.09%
Tax Burden Percent		 75.43% 72.09% 72.81% 72.22% 73.20% 95.11% 74.19% 75.86% 75.63% - 75.74%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 24.57% 27.91% 27.19% 27.78% 26.80% 4.89% 25.81% 24.14% 24.37% - 24.26%
Return on Invested Capital (ROIC)		 13.29% 10.46% 4.86% 4.78% 4.34% 4.80% 3.36% 3.84% 3.68% - 3.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.29% 10.46% 4.86% 4.78% 4.34% 4.80% 3.36% 3.84% 3.68% - 3.78%
Return on Net Nonoperating Assets (RNNOA)		 20.26% 14.99% 9.89% 8.77% 7.52% 8.25% 5.79% 6.47% 6.23% - 6.17%
Return on Equity (ROE)		 33.55% 25.46% 14.75% 13.55% 11.85% 13.05% 9.15% 10.31% 9.91% - 9.95%
Cash Return on Invested Capital (CROIC)		 -75.29% -82.79% 13.79% 4.45% 1.19% 4.07% 2.03% 3.21% 2.74% - 11.91%
Operating Return on Assets (OROA)		 4.16% 3.38% 1.92% 1.85% 1.61% 1.36% 1.22% 1.35% 1.29% - 1.25%
Return on Assets (ROA)		 3.14% 2.44% 1.40% 1.33% 1.18% 1.30% 0.90% 1.03% 0.98% - 0.95%
Return on Common Equity (ROCE)		 31.60% 24.00% 14.43% 12.99% 11.37% 12.52% 8.97% 9.90% 9.52% - 9.36%
Return on Equity Simple (ROE_SIMPLE)		 54.98% 0.00% 12.26% 12.02% 11.35% 0.00% 11.34% 10.75% 10.58% - 10.24%
Net Operating Profit after Tax (NOPAT)		 752 514 731 707 639 700 483 575 568 - 534
NOPAT Margin		 28.87% 20.95% 29.91% 28.74% 26.12% 29.07% 21.02% 24.23% 23.35% - 23.09%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 37.70% 39.77% 40.06% 40.94% 43.21% 44.68% 47.95% 45.89% 45.70% - 50.15%
Operating Expenses to Revenue		 54.36% 60.80% 56.30% 56.34% 59.53% 63.00% 64.97% 63.21% 61.28% - 66.41%
Earnings before Interest and Taxes (EBIT)		 997 713 1,004 979 873 736 651 758 751 - 705
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 895 668 992 985 915 830 744 858 842 - 885
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.02 1.01 1.09 1.13 1.21 1.38 1.18 1.21 1.10 - 1.11
Price to Tangible Book Value (P/TBV)		 1.06 1.04 1.12 1.17 1.25 1.42 1.21 1.25 1.12 - 1.14
Price to Revenue (P/Rev)		 1.14 1.09 2.34 2.46 2.72 3.03 2.62 2.73 2.43 - 2.35
Price to Earnings (P/E)		 1.79 1.80 9.06 9.26 10.53 10.88 10.20 11.12 10.19 - 10.28
Dividend Yield		 0.22% 0.28% 0.29% 0.34% 0.36% 0.33% 0.39% 0.38% 0.44% - 0.43%
Earnings Yield		 55.87% 55.57% 11.04% 10.80% 9.50% 9.19% 9.80% 8.99% 9.81% - 9.73%
Enterprise Value to Invested Capital (EV/IC)		 0.36 0.42 0.50 0.61 0.64 0.76 0.64 0.63 0.61 - 0.61
Enterprise Value to Revenue (EV/Rev)		 1.20 1.31 2.94 3.68 3.89 4.64 4.05 3.98 3.89 - 3.55
Enterprise Value to EBITDA (EV/EBITDA)		 1.77 2.04 8.71 10.36 10.72 12.17 11.21 11.33 11.30 - 9.65
Enterprise Value to EBIT (EV/EBIT)		 1.79 2.03 8.25 9.93 10.70 12.62 12.03 12.56 12.78 - 11.23
Enterprise Value to NOPAT (EV/NOPAT)		 1.88 2.14 11.11 13.56 14.73 16.32 15.40 15.82 15.91 - 15.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.49 9.23 8.55 12.29 13.78 15.17 14.84 12.36 12.37 - 11.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 3.46 13.74 54.30 18.83 32.04 19.61 22.37 - 4.89
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.85 1.77 1.72 1.67 1.63 1.67 1.72 1.71 1.76 - 1.54
Long-Term Debt to Equity		 1.83 1.75 1.70 1.65 1.61 1.65 1.70 1.69 1.74 - 1.53
Financial Leverage		 1.52 1.43 2.04 1.84 1.73 1.72 1.72 1.69 1.69 - 1.63
Leverage Ratio		 10.69 10.45 10.53 10.16 10.05 10.06 10.12 10.04 10.13 - 10.48
Compound Leverage Factor		 10.69 10.45 10.53 10.16 10.05 10.06 10.12 10.04 10.13 - 10.48
Debt to Total Capital		 64.91% 63.92% 63.21% 62.49% 61.95% 62.50% 63.27% 63.09% 63.76% - 60.64%
Short-Term Debt to Total Capital		 0.78% 0.82% 0.67% 0.64% 0.65% 0.62% 0.74% 0.78% 0.70% - 0.30%
Long-Term Debt to Total Capital		 64.13% 63.10% 62.55% 61.84% 61.29% 61.88% 62.53% 62.31% 63.06% - 60.33%
Preferred Equity to Total Capital		 1.52% 1.50% 0.00% 1.47% 1.47% 1.49% 1.45% 1.46% 1.45% - 3.15%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 33.58% 34.59% 36.79% 36.04% 36.59% 36.01% 35.28% 35.45% 34.79% - 36.21%
Debt to EBITDA		 3.17 3.13 10.99 10.58 10.44 9.95 11.06 11.39 11.81 - 9.66
Net Debt to EBITDA		 0.02 0.26 1.77 3.20 2.99 4.00 3.71 3.30 3.97 - 2.76
Long-Term Debt to EBITDA		 3.14 3.09 10.87 10.47 10.33 9.86 10.93 11.25 11.68 - 9.61
Debt to NOPAT		 3.36 3.28 14.01 13.85 14.34 13.34 15.19 15.90 16.63 - 15.05
Net Debt to NOPAT		 0.02 0.27 2.26 4.19 4.11 5.36 5.10 4.61 5.59 - 4.29
Long-Term Debt to NOPAT		 3.32 3.24 13.87 13.71 14.19 13.21 15.01 15.70 16.45 - 14.97
Noncontrolling Interest Sharing Ratio		 5.83% 5.70% 2.15% 4.17% 4.08% 4.05% 2.00% 3.93% 3.93% - 5.97%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -39,173 -42,088 6,653 672 -1,249 330 -830 112 -104 - 5,225
Operating Cash Flow to CapEx		 614.80% 151.68% 210.50% 138.54% 233.18% 329.12% 46.67% 306.79% 301.32% - 61.43%
Free Cash Flow to Firm to Interest Expense		 -34.98 -34.90 5.25 0.51 -0.93 0.26 -0.67 0.09 -0.08 - 4.49
Operating Cash Flow to Interest Expense		 1.08 0.75 0.36 0.32 0.74 0.87 0.08 0.69 0.72 - 0.15
Operating Cash Flow Less CapEx to Interest Expense		 0.90 0.25 0.19 0.09 0.42 0.60 -0.09 0.46 0.48 - -0.09
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.11 0.12 0.05 0.05 0.05 0.04 0.04 0.04 0.04 - 0.04
Fixed Asset Turnover		 1.77 2.05 0.97 1.03 1.00 1.08 0.96 1.03 1.02 - 0.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 58,101 58,909 59,388 59,945 59,989 59,279 60,701 60,408 60,661 - 56,010
Invested Capital Turnover		 0.46 0.50 0.16 0.17 0.17 0.17 0.16 0.16 0.16 - 0.16
Increase / (Decrease) in Invested Capital		 39,925 42,602 -5,922 35 1,888 370 1,313 463 672 - -4,691
Enterprise Value (EV)		 21,058 24,546 29,768 36,676 38,171 45,314 38,957 37,919 37,002 - 33,956
Market Capitalization		 19,960 20,528 23,718 24,462 26,631 29,560 25,174 25,999 23,118 - 22,498
Book Value per Share		 $1,343.52 $1,403.16 $1,503.31 $1,487.02 $1,517.15 $1,525.93 $1,577.20 $1,611.50 $1,633.36 - $1,699.15
Tangible Book Value per Share		 $1,297.04 $1,357.84 $1,459.20 $1,443.94 $1,474.91 $1,483.40 $1,534.48 $1,568.83 $1,590.49 - $1,654.91
Total Capital		 58,101 58,909 59,388 59,945 59,989 59,279 60,701 60,408 60,661 - 56,010
Total Debt		 37,712 37,654 37,540 37,458 37,161 37,051 38,406 38,112 38,675 - 33,962
Total Long-Term Debt		 37,259 37,169 37,145 37,072 36,770 36,684 37,956 37,641 38,252 - 33,792
Net Debt		 217 3,137 6,050 11,333 10,659 14,873 12,902 11,039 13,003 - 9,693
Capital Expenditures (CapEx)		 196 594 219 301 425 340 210 280 304 - 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
Net Nonoperating Obligations (NNO)		 37,712 37,654 37,540 37,458 37,161 37,051 38,406 38,112 38,675 - 33,962
Total Depreciation and Amortization (D&A)		 -102 -45 -12 6.00 42 94 93 100 91 - 180
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $50.71 $34.31 $49.27 $47.54 $43.42 $49.19 $34.47 $42.36 $43.08 $45.33 $42.63
Adjusted Weighted Average Basic Shares Outstanding		 14.53M 14.53M 14.53M 14.53M 14.38M 14.34M 13.58M 13.24M 12.85M 13.00M 11.92M
Adjusted Diluted Earnings per Share		 $50.67 $34.33 $49.26 $47.54 $43.42 $49.19 $34.47 $42.36 $43.08 $45.33 $42.63
Adjusted Weighted Average Diluted Shares Outstanding		 14.54M 14.54M 14.54M 14.53M 14.38M 14.34M 13.58M 13.24M 12.85M 13.00M 11.92M
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		 14.52M 14.52M 14.53M 14.47M 13.99M 13.58M 13.29M 12.92M 12.44M 11.94M 11.59M
Normalized Net Operating Profit after Tax (NOPAT)		 843 598 773 739 673 759 514 604 589 - 538
Normalized NOPAT Margin		 32.37% 24.35% 31.64% 30.03% 27.50% 31.52% 22.37% 25.45% 24.22% - 23.25%
Pre Tax Income Margin		 38.27% 29.05% 41.08% 39.80% 35.69% 30.56% 28.33% 31.94% 30.87% - 30.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.89 0.59 0.79 0.75 0.65 0.57 0.53 0.61 0.59 - 0.61
NOPAT to Interest Expense		 0.67 0.43 0.58 0.54 0.48 0.54 0.39 0.46 0.45 - 0.46
EBIT Less CapEx to Interest Expense		 0.72 0.10 0.62 0.52 0.33 0.31 0.36 0.38 0.35 - 0.36
NOPAT Less CapEx to Interest Expense		 0.50 -0.07 0.40 0.31 0.16 0.28 0.22 0.24 0.21 - 0.22
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.92% 1.02% 4.85% 5.29% 5.98% 5.69% 6.37% 6.76% 7.01% - 7.53%
Augmented Payout Ratio		 4.92% 1.02% 4.85% 5.29% 33.00% 65.03% 95.97% 126.87% 139.21% - 154.10%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused trend summary for First Citizens BancShares. The data below covers FCNCA across multiple quarterly reports through 2025 (with earlier periods for context). Where relevant, I highlight notable year-over-year or sequential shifts in income, cash flow, and balance sheet items.

  • Rising total revenue in 2025: Total revenue progressed to about $2.437B in Q4 2025, up from roughly $2.298B in Q4 2024, signaling growing topline success as the year progressed.
  • Strong net interest income in Q4 2025: Net interest income reached about $1.722B in Q4 2025, contributing meaningfully to overall profitability and aligning with the year’s upward revenue trend.
  • Material improvement in earnings per share: Diluted EPS rose to $45.33 in Q4 2025 (from about $42.36 in mid‑2025), with net income to common shareholders around $566M, supporting higher profitability per share.
  • Robust quarterly operating cash flow: Net cash from continuing operating activities was approximately $1.05B in Q4 2025, underscoring strong cash generation from core banking operations.
  • Stable shareholder returns: Cash dividends per share remained at $1.95, indicating continued, predictable capital returns to shareholders.
  • Large, stable balance sheet base: The balance sheet shows a sizable asset base (total assets around the mid‑$230B range in 2025) with a substantial deposit base, suggesting strong liquidity and capacity to fund loan growth.
  • Non-interest income contributing solidly: Total non-interest income has been trending higher in 2025 (e.g., approximately $635M in early 2025 to around $715M in Q4 2025), supporting overall revenue diversification.
  • Expenses remain elevated but controlled: Total non-interest expenses run near the $1.5B level per quarter in 2025, indicating a consistent and manageable expense base relative to revenue gains.
  • Provision for credit losses fluctuates: Provisions vary quarter to quarter (e.g., a spike to about $191M in Q3 2025 and lower levels in Q4 2025), signaling some near‑term credit risk variability to watch.
  • Cash flow from financing activities pressured in Q4 2025: Net cash from financing activities was negative in Q4 2025, contributing to a negative net change in cash for the quarter and indicating use of capital for debt repayments or share activities.

Bottom line for retail investors: 2025 showed improving profitability signals (rising revenue, stronger net interest income, higher EPS) and solid cash generation from operations, supported by a large, liquid balance sheet. However, quarterly fluctuations in credit loss provisioning and financing‑related cash uses warrant close monitoring of credit quality trends and capital deployment going forward.

05/19/26 06:57 PM ETAI Generated. May Contain Errors.

First Citizens BancShares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Citizens BancShares' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

First Citizens BancShares' net income appears to be on an upward trend, with a most recent value of $2.21 billion in 2025, rising from $210.39 million in 2015. The previous period was $2.78 billion in 2024.

Over the last 10 years, First Citizens BancShares' total revenue changed from $1.39 billion in 2015 to $9.54 billion in 2025, a change of 585.4%.

First Citizens BancShares' total liabilities were at $207.46 billion at the end of 2025, a 3.0% increase from 2024, and a 625.3% increase since 2015.

In the past 10 years, First Citizens BancShares' cash and equivalents has ranged from $327.44 million in 2018 to $908 million in 2023, and is currently $801 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:FCNCP last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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