NASDAQ : FCNCA
First Citizens BancShares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 2382.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 26.47B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 9.09B | 9.10B | 9.53B | 8.19B | 2.95B | 1.29B |
| Interest Income on Investments | 2.45B | 2.68B | 2.83B | 2.20B | 460.00M | 156.00M |
| Total Interest Income | 11.54B | 11.78B | 12.35B | 10.39B | 3.41B | 1.45B |
| Interest Paid on Deposits | 3.55B | 3.56B | 3.86B | 2.50B | 335.00M | 33.00M |
| Interest Paid on Borrowings | 1.30B | 1.41B | 1.35B | 1.18B | 132.00M | 28.00M |
| Total Interest Expense | 4.84B | 4.96B | 5.21B | 3.68B | 467.00M | 61.00M |
| Net Interest Income | 6.70B | 6.81B | 7.14B | 6.71B | 2.95B | 1.39B |
| Trust Income | 244.00M | 229.00M | 211.00M | 188.00M | 142.00M | 129.00M |
| Gain (Loss) on Sale of Assets | 46.00M | 30.00M | 30.00M | 20.00M | 15.00M | |
| Gain (Loss) on Sale of Investments | 38.00M | 25.00M | 19.00M | -37.00M | -3.00M | 67.00M |
| Other Non-Interest Income | 2.35B | 2.21B | 2.13B | 1.90B | 1.40B | 217.00M |
| Total Non-Interest Income | 2.96B | 2.74B | 2.62B | 2.27B | 1.70B | 508.00M |
| Revenues Before Loan Losses | 9.66B | 9.55B | 9.76B | 8.98B | 4.64B | 1.90B |
| Provision for Loan Losses | 171.00M | 514.00M | 431.00M | 1.38B | 645.00M | -37.00M |
| Revenue | 9.49B | 9.04B | 9.33B | 7.60B | 4.00B | 1.94B |
| Salaries and Employee Benefits | 3.40B | 3.29B | 3.08B | 2.63B | 1.39B | 759.00M |
| Occupancy Expenses | 418.00M | 394.00M | 363.00M | 380.00M | 312.00M | 100.00M |
| Federal Deposit Insurance | 141.00M | 141.00M | 138.00M | 158.00M | 31.00M | 14.00M |
| Amortization of Goodwill & Intangibles | 51.00M | 54.00M | 63.00M | 57.00M | 23.00M | 12.00M |
| Selling, General & Administrative | 1.70B | 1.57B | 1.42B | 1.26B | 849.00M | 226.00M |
| Other Non-Interest Expense | 453.00M | 460.00M | 447.00M | 377.00M | 240.00M | 94.00M |
| Total Non-Interest Expense | 6.16B | 5.91B | 5.51B | 4.87B | 2.84B | 1.21B |
| EBT Excluding Unusual Items | 3.33B | 3.13B | 3.82B | 2.74B | 1.16B | 730.00M |
| Asset Writedown | -6.00M | -6.00M | -13.00M | |||
| Other Unusual Items | -43.00M | -9.00M | -2.00M | 9.81B | 438.00M | |
| Pretax Income | 3.21B | 2.97B | 3.59B | 12.08B | 1.36B | 701.00M |
| Income Tax Expense | 820.00M | 765.00M | 815.00M | 611.00M | 264.00M | 154.00M |
| Net Income | 2.39B | 2.21B | 2.78B | 11.47B | 1.10B | 547.00M |
| Preferred Dividends & Other Adjustments | 101.00M | 57.00M | 61.00M | 59.00M | 50.00M | 18.00M |
| Net Income to Common | 2.29B | 2.15B | 2.72B | 11.41B | 1.05B | 529.00M |
| Basic Shares Outstanding | 11.76M | 13.00M | 14.34M | 14.53M | 15.53M | 9.82M |
| Diluted Shares Outstanding | 11.76M | 13.00M | 14.34M | 14.54M | 15.55M | 9.82M |
| EPS (Basic) | 194.73 | 165.28 | 189.38 | 785.18 | 67.47 | 53.89 |
| EPS (Diluted) | 194.73 | 165.24 | 189.38 | 784.51 | 67.40 | 53.88 |
| Dividend Per Share | 2.10 | 7.95 | 6.87 | 3.89 | 2.16 | 1.88 |
| Effective Tax Rate | 25.53% | 25.75% | 22.69% | 5.06% | 19.38% | 21.97% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 981.00M | 801.00M | 814.00M | 908.00M | 518.00M | 338.00M |
| Investment Securities | 63.36B | 36.01B | 41.00B | 49.73B | 10.86B | 12.22B |
| Trading Asset Securities | 534.00M | 660.00M | 640.00M | 159.00M | 3.00M | |
| Mortgage-Backed Securities | 28.71B | 27.25B | 16.51B | 14.36B | 10.18B | |
| Total Investments | 63.36B | 65.25B | 68.92B | 66.88B | 25.37B | 22.40B |
| Gross Loans | 157.19B | 149.36B | 141.91B | 135.41B | 70.90B | 32.44B |
| Allowance for Loan Losses | -1.44B | -1.57B | -1.68B | -1.75B | -922.00M | -178.00M |
| Other Adjustments to Gross Loans | -1.43B | -1.69B | -2.11B | -118.00M | -72.00M | |
| Net Loans | 155.75B | 146.36B | 138.54B | 131.56B | 69.86B | 32.19B |
| Property, Plant & Equipment | 12.52B | 12.36B | 11.64B | 10.98B | 9.96B | 1.30B |
| Goodwill | 418.00M | 346.00M | 346.00M | 346.00M | 346.00M | 346.00M |
| Other Intangible Assets | 349.00M | 195.00M | 249.00M | 312.00M | 140.00M | 19.00M |
| Loans Held for Sale | 142.00M | 804.00M | 85.00M | 76.00M | 60.00M | 99.00M |
| Accrued Interest Receivable | 912.00M | 902.00M | 832.00M | 329.00M | 134.00M | |
| Other Receivables | 634.00M | 580.00M | 323.00M | 373.00M | 799.00M | |
| Other Current Assets | 607.00M | |||||
| Other Real Estate Owned & Foreclosed | 124.00M | 64.00M | 62.00M | 47.00M | 40.00M | |
| Other Long-Term Assets | 7.66B | 1.88B | 1.55B | 1.47B | 1.49B | 605.00M |
| Total Assets | 241.18B | 229.70B | 223.72B | 213.76B | 109.30B | 58.31B |
| Accrued Expenses | 275.00M | 5.00M | ||||
| Interest Bearing Deposits | 142.86B | 117.67B | 112.80B | 101.89B | 62.27B | 29.41B |
| Institutional Deposits | 3.26B | 3.80B | 4.16B | 2.22B | 593.00M | |
| Non-Interest Bearing Deposits | 42.40B | 40.65B | 38.63B | 39.80B | 24.92B | 21.41B |
| Total Deposits | 185.26B | 161.58B | 155.23B | 145.85B | 89.41B | 51.41B |
| Short-Term Borrowings | 1.69B | 1.87B | 2.01B | 2.21B | 3.67B | 589.00M |
| Current Portion of Leases | 81.00M | |||||
| Accrued Interest Payable | 140.00M | 134.00M | 137.00M | 57.00M | 8.00M | |
| Long-Term Debt | 24.35B | 35.71B | 36.67B | 37.16B | 4.45B | 1.19B |
| Long-Term Leases | 320.00M | 372.00M | 404.00M | 359.00M | 68.00M | |
| Long-Term Deferred Tax Liabilities | 3.58B | 286.00M | 33.00M | |||
| Other Long-Term Liabilities | 8.29B | 7.76B | 7.08B | 3.16B | 1.13B | 271.00M |
| Total Liabilities | 219.60B | 207.46B | 201.49B | 192.50B | 99.64B | 53.57B |
| Preferred Stock, Non-Redeemable | 2.06B | 1.38B | 881.00M | 881.00M | 881.00M | 340.00M |
| Total Preferred Equity | 2.06B | 1.38B | 881.00M | 881.00M | 881.00M | 340.00M |
| Common Stock | 11.00M | 12.00M | 14.00M | 15.00M | 15.00M | 10.00M |
| Additional Paid-In Capital | 2.42B | 4.11B | 4.11B | |||
| Retained Earnings | 20.30B | 20.77B | 19.36B | 16.74B | 5.39B | 4.38B |
| Comprehensive Income & Other | -796.00M | 83.00M | -445.00M | -491.00M | -735.00M | 10.00M |
| Total Common Equity | 19.52B | 20.86B | 21.35B | 20.37B | 8.78B | 4.40B |
| Shareholders' Equity | 21.58B | 22.24B | 22.23B | 21.25B | 9.66B | 4.74B |
| Total Liabilities & Equity | 241.18B | 229.70B | 223.72B | 213.76B | 109.30B | 58.31B |
| Total Debt | 26.05B | 37.98B | 39.05B | 39.77B | 8.48B | 1.85B |
| Net Cash (Debt) | -6.58B | -16.61B | -16.05B | -4.14B | -2.78B | 7.61B |
| Net Cash Per Share | -559.29 | -1,277.53 | -1,119.25 | -285.08 | -178.52 | 775.03 |
| Filing Date Shares Outstanding | 11.11M | 11.94M | 13.58M | 14.52M | 14.51M | 15.98M |
| Total Common Shares Outstanding | 11.11M | 12.14M | 13.72M | 14.52M | 14.51M | 9.82M |
| Book Value Per Share | 1,756.37 | 1,718.65 | 1,556.17 | 1,403.16 | 605.33 | 448.03 |
| Tangible Book Value | 18.75B | 20.32B | 20.75B | 19.72B | 8.29B | 4.03B |
| Tangible Book Value Per Share | 1,687.34 | 1,674.09 | 1,512.80 | 1,357.84 | 571.82 | 410.84 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.21B | 2.78B | 11.47B | 1.10B | 547.00M | |
| Depreciation & Amortization | 141.00M | -107.00M | -226.00M | 473.00M | 143.00M | |
| Gain (Loss) on Sale of Assets | -32.00M | -37.00M | -24.00M | -24.00M | -1.00M | |
| Gain (Loss) on Sale of Investments | 239.00M | 218.00M | 206.00M | 63.00M | -67.00M | |
| Total Asset Writedown | 6.00M | 22.00M | 70.00M | |||
| Provision for Credit Losses | 514.00M | 431.00M | 1.38B | 645.00M | -37.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 152.00M | 211.00M | -47.00M | 63.00M | -87.00M | |
| Change in Other Net Operating Assets | -112.00M | -529.00M | -173.00M | 744.00M | -728.00M | |
| Other Operating Activities | -170.00M | 9.00M | -9.99B | -268.00M | -21.00M | |
| Operating Cash Flow | 2.92B | 2.99B | 2.66B | 2.79B | -284.00M | |
| Capital Expenditures | -1.56B | -1.53B | -1.43B | -926.00M | -107.00M | |
| Sale of Property, Plant and Equipment | 285.00M | 250.00M | 243.00M | 108.00M | 1.00M | |
| Cash Acquisitions | 810.00M | 134.00M | ||||
| Investment in Securities | 4.94B | -1.21B | -4.99B | 6.30B | -7.88B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -8.50B | -7.20B | 6.47B | -5.64B | 423.00M | |
| Other Investing Activities | -806.00M | -473.00M | 1.30B | 49.00M | -42.00M | |
| Investing Cash Flow | -5.61B | -10.15B | 2.43B | 75.00M | -7.57B | |
| Short-Term Debt Issued | 539.00M | 3.10B | ||||
| Long-Term Debt Issued | 1.84B | 9.99B | 3.85B | |||
| Total Debt Issued | 1.84B | 10.53B | 6.96B | |||
| Short-Term Debt Repaid | -143.00M | -118.00M | -2.25B | -1.51B | -52.00M | |
| Long-Term Debt Repaid | -2.85B | -450.00M | -13.12B | -5.10B | -54.00M | |
| Total Debt Repaid | -2.99B | -568.00M | -15.37B | -6.61B | -106.00M | |
| Net Debt Issued (Repaid) | -1.16B | -568.00M | -4.84B | 352.00M | -106.00M | |
| Repurchase of Common Stock | -3.03B | -1.65B | -1.24B | |||
| Preferred Stock Issued | 494.00M | |||||
| Common Dividends Paid | -104.00M | -97.00M | -58.00M | -33.00M | -42.00M | |
| Preferred Dividends Paid | -57.00M | -61.00M | -59.00M | -50.00M | ||
| Total Dividends Paid | -161.00M | -158.00M | -117.00M | -83.00M | -42.00M | |
| Net Increase (Decrease) in Deposit Accounts | 6.52B | 9.46B | 265.00M | -1.69B | 7.98B | |
| Other Financing Activities | -14.00M | -7.00M | -24.00M | |||
| Financing Cash Flow | 2.67B | 7.07B | -4.70B | -2.69B | 7.83B | |
| Net Cash Flow | -13.00M | -94.00M | 390.00M | 180.00M | -24.00M | |
| Free Cash Flow | 1.36B | 1.45B | 1.23B | 1.86B | -391.00M | |
| Free Cash Flow Margin | 15.06% | 15.57% | 16.20% | 46.64% | -20.21% | |
| Free Cash Flow Per Share | 104.67 | 101.31 | 84.73 | 119.94 | -39.83 | |
| Cash Interest Paid | 4.81B | 5.08B | 3.69B | 525.00M | 62.00M | |
| Cash Income Tax Paid | 315.00M | 763.00M | 514.00M | -551.00M | 870.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.32B | 26.30B | 29.20B | 20.47B | 10.91B | 8.05B |
| Last Close Price | 2,352.64 | 2,139.64 | 2,097.95 | 1,403.72 | 747.74 | 815.90 |
| PE Ratio | 12.16 | 12.24 | 10.75 | 1.79 | 10.41 | 15.22 |
| PS Ratio | 2.79 | 2.91 | 3.13 | 2.69 | 2.73 | 4.16 |
| PB Ratio | 1.34 | 1.18 | 1.31 | 0.96 | 1.13 | 1.70 |
| P/FCF Ratio | 16.46 | 19.32 | 20.10 | 16.61 | 5.85 | |
| P/OCF Ratio | 8.32 | 9.00 | 9.77 | 7.70 | 3.91 | |
| Debt / Equity Ratio | 1.21 | 1.71 | 1.76 | 1.87 | 0.88 | 0.39 |
| Debt / FCF Ratio | 27.91 | 26.88 | 32.28 | 4.55 | ||
| Net Debt / Equity Ratio | 0.30 | 0.75 | 0.72 | 0.20 | 0.29 | -1.61 |
| Net Debt / FCF Ratio | 12.21 | 11.05 | 3.36 | 1.49 | 19.46 | |
| Return on Equity (ROE) | 10.98% | 9.92% | 12.77% | 74.17% | 15.25% | 12.20% |
| Return on Assets (ROA) | 1.01% | 0.97% | 1.27% | 7.10% | 1.31% | 1.01% |
| Earnings Yield | 8.22% | 8.39% | 9.51% | 56.02% | 10.06% | 6.79% |
| FCF Yield | 6.08% | 5.17% | 4.98% | 6.02% | 17.09% | -4.86% |
| Dividend Yield | 0.38% | 0.37% | 0.32% | 0.28% | 0.29% | 0.23% |
| Payout Ratio | 4.62% | 7.30% | 5.69% | 1.02% | 7.56% | 7.68% |
| Buyback Yield / Dilution | 12.17% | 9.34% | 1.35% | 6.50% | -58.41% | 2.39% |
| Total Shareholder Return | 12.54% | 9.71% | 1.68% | 6.77% | -58.12% | 2.62% |