First Citizens BancShares, Inc. (FCNCA) 10-Year Financial Performance & Capital Metrics

FCNCA • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutFirst Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2021, it operated 529 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.Show more

Net Interest Income $7.14B +6.4%
Total Revenue $14.94B +18.2%
Net Income $2.78B -75.8%
Return on Equity 12.77% -82.8%
Net Interest Margin 3.19% +1.7%
Efficiency Ratio 38.2% +207.4%
ROA 1.27% -82.1%
Equity / Assets 9.94%
Book Value per Share 1549.75 +6.0%
Tangible BV/Share 1506.38 +6.5%
Debt/Equity 1.68 -6.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.1%
✓Strong 5Y profit CAGR of 43.4%
✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 38.2% efficiency ratio
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y30.46%

5Y52.86%

3Y98.89%

TTM-

Profit (Net Income) CAGR

10Y34.96%

5Y43.44%

3Y71.87%

TTM-10.23%

EPS CAGR

10Y30.17%

5Y35.77%

3Y52.05%

TTM-3.08%

ROCE

10Y Avg12.26%

5Y Avg13.68%

3Y Avg15.16%

Latest5.33%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	924.9M	944.67M	1.06B	1.21B	1.31B	1.39B	1.39B	2.95B	6.71B	7.14B
NII Growth %	0.3%	0.02%	0.12%	0.14%	0.08%	0.06%	0%	1.12%	1.28%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	969.21M	987.76M	1.1B	1.25B	1.4B	1.48B	1.45B	3.41B	10.39B	12.35B
Interest Expense	44.3M	43.08M	43.79M	36.86M	92.64M	96M	61M	467M	3.68B	5.21B
Loan Loss Provision	20.66M	32.94M	25.69M	28.47M	31.44M	58M	-37M	645M	1.38B	431M
Non-Interest Income+	336.39M	352.29M	349.06M	343.58M	386.31M	432M	448M	1.68B	2.25B	2.59B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.31B	1.34B	1.45B	1.59B	1.79B	1.92B	1.9B	5.1B	12.64B	14.94B
Revenue Growth %	0.25%	0.03%	0.08%	0.09%	0.13%	0.07%	-0.01%	1.68%	1.48%	0.18%
Non-Interest Expense	908.22M	912.96M	839.57M	1.02B	1.07B	1.14B	1.17B	2.62B	-4.49B	5.71B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	332.41M	351.07M	543.7M	503.61M	592.05M	618M	701M	1.36B	12.08B	3.59B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.63%	0.06%	0.55%	-0.07%	0.18%	0.04%	0.13%	0.94%	7.87%	-0.7%
Pretax Income+	332.41M	351.07M	543.7M	503.61M	592.05M	618M	701M	1.36B	12.08B	3.59B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	122.03M	125.58M	219.95M	103.3M	134.68M	126M	154M	264M	611M	815M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	210.39M	225.48M	323.75M	400.31M	457.37M	492M	547M	1.1B	11.47B	2.78B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.52%	0.07%	0.44%	0.24%	0.14%	0.08%	0.11%	1.01%	9.44%	-0.76%
Net Income (Continuing)	210.39M	225.48M	323.75M	400.31M	457.37M	492M	547M	1.1B	11.47B	2.78B
EPS (Diluted)+	17.52	18.77	26.96	33.53	41.05	47.50	53.88	67.40	784.55	189.41
EPS Growth %	0.29%	0.07%	0.44%	0.24%	0.22%	0.16%	0.13%	0.25%	10.64%	-0.76%
EPS (Basic)	17.52	18.77	26.96	33.53	41.05	47.50	53.88	67.47	785.18	189.42
Diluted Shares Outstanding	12.01M	12.01M	12.01M	11.94M	11.14M	10.06M	9.82M	15.55M	14.54M	14.34M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	534.09M	539.74M	336.15M	327.44M	376.72M	362.05M	9.45B	5.54B	34.52B	22.18B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	29.02B	30.47B	32.22B	33.2B	37.01B	47.35B	45.48B	88.1B	162.37B	184.01B
Investments Growth %	0.05%	0.05%	0.06%	0.03%	0.11%	0.28%	-0.04%	0.94%	0.84%	0.13%
Long-Term Investments	20.09B	21.59B	23.65B	27.85B	28.84B	35.77B	36.28B	79.1B	142.44B	150.26B
Accounts Receivables	0	0	0	0	0	0	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	139.77M	150.6M	150.6M	236.35M	349.4M	350.3M	346M	346M	346M	346M
Intangible Assets	90.99M	78.04M	73.1M	72.3M	68.28M	50.77M	42M	165M	337M	276M
PP&E (Net)	1.14B	1.13B	1.14B	1.2B	1.24B	1.32B	1.3B	9.96B	10.98B	11.64B
Other Assets	487M	536.82M	739.69M	481.63M	657.48M	495.98M	446.34M	2.32B	1.53B	1.62B
Total Current Assets	9.53B	9.5B	9B	5.79B	8.67B	11.98B	19.9B	17.41B	57.66B	59.58B
Total Non-Current Assets	21.95B	23.49B	25.53B	29.62B	31.16B	37.98B	38.41B	91.89B	155.62B	164.14B
Total Assets+	31.48B	32.99B	34.53B	35.41B	39.82B	49.96B	58.31B	109.3B	213.76B	223.72B
Asset Growth %	0.05%	0.05%	0.05%	0.03%	0.12%	0.25%	0.17%	0.87%	0.96%	0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.07%	0.01%
Accounts Payable	0	0	0	0	0	0	8M	57M	137M	134M
Total Debt+	1.3B	1.44B	1.56B	933.66M	1.33B	1.89B	1.78B	7B	38.05B	37.41B
Net Debt	764.8M	896.69M	1.23B	606.23M	950.15M	1.53B	-7.67B	1.45B	3.53B	15.23B
Long-Term Debt	694.93M	827.24M	877.45M	348.22M	883.91M	1.24B	1.19B	4.45B	37.16B	36.67B
Short-Term Debt	594.73M	603.49M	678.81M	572.29M	442.96M	641.49M	589M	2.19B	485M	367M
Other Liabilities	374.18M	380.64M	363.13M	313.55M	480.2M	407.15M	381M	2.61B	4.49B	5.19B
Total Current Liabilities	27.53B	28.76B	29.95B	31.24B	34.87B	44.07B	51.99B	91.93B	146.87B	155.73B
Total Non-Current Liabilities	1.08B	1.21B	1.25B	674.93M	1.36B	1.66B	1.58B	7.71B	45.63B	45.76B
Total Liabilities	28.6B	29.98B	31.19B	31.92B	36.24B	45.73B	53.57B	99.64B	192.5B	201.49B
Total Equity+	2.87B	3.01B	3.33B	3.49B	3.59B	4.23B	4.74B	9.66B	21.25B	22.23B
Equity Growth %	0.07%	0.05%	0.11%	0.05%	0.03%	0.18%	0.12%	1.04%	1.2%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.1%	0.12%	0.13%	0.13%	0.12%	0.15%	0.74%	0.13%
Book Value per Share	239.14	250.83	277.61	292.26	321.89	420.53	482.68	621.35	1461.83	1549.75
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	12.01M	12.01M	12.01M	11.63M	10.63M	9.82M	10M	15M	15M	14M
Additional Paid-in Capital	658.92M	658.92M	658.92M	493.96M	44.08M	0	0	4.11B	4.11B	2.42B
Retained Earnings	2.27B	2.48B	2.79B	3.22B	3.66B	3.87B	4.38B	5.39B	16.74B	19.36B
Accumulated OCI	-64.44M	-135.19M	-122.29M	-235.19M	-126.72M	12.26M	10M	-735M	-491M	-445M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	339.94M	340M	881M	881M	881M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	233.06M	230.51M	355.26M	453.77M	578.25M	376M	-284M	2.79B	2.66B	2.99B
Operating CF Growth %	0.28%	-0.01%	0.54%	0.28%	0.27%	-0.35%	-1.76%	10.83%	-0.05%	0.12%
Net Income	210.39M	225.48M	323.75M	400.31M	457.37M	492M	547M	1.1B	11.47B	2.78B
Depreciation & Amortization	110.61M	110.58M	113.65M	120.43M	127.69M	133M	143M	533M	-57M	130M
Deferred Taxes	550K	33.15M	125.84M	-13.38M	54.6M	-26M	-8M	206M	-165M	6M
Other Non-Cash Items	-112.27M	-60.64M	-135.08M	-69.95M	-11.84M	-73M	-238M	191M	-8.42B	604M
Working Capital Changes	23.78M	-78.06M	-72.9M	16.36M	-49.57M	-150M	-728M	744M	-173M	-529M
Cash from Investing+	-1.25B	-1.1B	-668.67M	101.14M	-1.6B	-9.91B	-7.57B	75M	2.43B	-10.15B
Purchase of Investments	-2.47B	-3.85B	-3.06B	-1.55B	-5.02B	-10.63B	-7.78B	-2.74B	-13.05B	-23.29B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	100.89M	-727K	304.82M	-155.13M	-236.73M	-60M	0	134M	810M	0
Other Investing	-1.22B	-1.14B	-1.01B	-984.45M	-1.27B	-7.11B	-4.34B	1.53B	12.97B	5.15B
Cash from Financing+	944.85M	875.54M	109.82M	-563.62M	1.07B	9.52B	7.83B	-2.69B	-4.7B	7.07B
Dividends Paid	-18.02M	-14.41M	-14.41M	-16.78M	-18.14M	-30M	-42M	-83M	-117M	-158M
Share Repurchases	0	0	0	-163.09M	-453.12M	-334M	0	-1.24B	0	-1.65B
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	1.02B	780.37M	870K	490.22M	1.44B	8.98B	7.98B	-1.87B	297M	9.33B
Net Change in Cash+	-70.1M	5.66M	-203.59M	-8.71M	49.28M	-15M	-24M	180M	390M	-94M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	604.18M	534.09M	539.74M	336.15M	327.44M	377M	362M	338M	518M	908M
Cash at End	534.09M	539.74M	336.15M	327.44M	376.72M	362M	338M	518M	908M	814M
Interest Paid	46.78M	45M	43.64M	37.1M	78.23M	105M	62M	525M	3.69B	0
Income Taxes Paid	136.9M	108.74M	88.56M	73.81M	83.04M	117M	870M	0	514M	0
Free Cash Flow+	143.32M	148.66M	270.46M	313.32M	457.17M	243M	-391M	1.86B	1.23B	1.45B
FCF Growth %	0.44%	0.04%	0.82%	0.16%	0.46%	-0.47%	-2.61%	5.77%	-0.34%	0.18%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.57%	7.66%	10.2%	11.73%	12.93%	12.59%	12.2%	15.25%	74.17%	12.77%
Return on Assets (ROA)	0.68%	0.7%	0.96%	1.14%	1.22%	1.1%	1.01%	1.31%	7.1%	1.27%
Net Interest Margin	2.94%	2.86%	3.07%	3.41%	3.29%	2.78%	2.38%	2.7%	3.14%	3.19%
Efficiency Ratio	69.56%	68.13%	57.79%	64.2%	60%	59.71%	61.82%	51.45%	-35.55%	38.2%
Equity / Assets	9.12%	9.13%	9.66%	9.85%	9%	8.47%	8.13%	8.84%	9.94%	9.94%
Book Value / Share	239.14	250.83	277.61	292.26	321.89	420.53	482.68	621.35	1.46K	1.55K
NII Growth	30.25%	2.14%	12.2%	14.06%	8.48%	5.84%	0.14%	111.94%	127.83%	6.42%
Dividend Payout	8.56%	6.39%	4.45%	4.19%	3.97%	6.1%	7.68%	7.56%	1.02%	5.69%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Deposit Fees and Service Charges	-	-	-	-	-	-	230M
Deposit Fees and Service Charges Growth	-	-	-	-	-	-	-
Asset Management	97.97M	99.24M	102.78M	128.79M	142M	188M	211M
Asset Management Growth	-	1.30%	3.56%	25.31%	10.26%	32.39%	12.23%
Credit and Debit Card	65.48M	69.08M	74.29M	86.68M	102M	139M	163M
Credit and Debit Card Growth	-	5.50%	7.55%	16.68%	17.67%	36.27%	17.27%
International Fees	-	-	-	-	-	93M	119M
International Fees Growth	-	-	-	-	-	-	27.96%
Factoring Commissions	-	-	-	-	104M	82M	75M
Factoring Commissions Growth	-	-	-	-	-	-21.15%	-8.54%
Insurance Commissions	-	12.81M	14.54M	15.56M	47M	54M	55M
Insurance Commissions Growth	-	-	13.54%	6.96%	202.13%	14.89%	1.85%
Merchant Services	24.5M	24.3M	30.91M	33.14M	35M	48M	49M
Merchant Services Growth	-	-0.82%	27.18%	7.21%	5.61%	37.14%	2.08%
Financial Service, Other	30.61M	31.64M	39.59M	35.92M	163M	268M	-
Financial Service, Other Growth	-	3.39%	25.12%	-9.27%	353.75%	64.42%	-
Deposit Account	105.49M	105.19M	87.66M	94.76M	100M	156M	-
Deposit Account Growth	-	-0.28%	-16.66%	8.09%	5.53%	56.00%	-
ATM Income	-	6.3M	5.76M	6M	-	-	-
ATM Income Growth	-	-	-8.55%	4.24%	-	-	-

Frequently Asked Questions

Valuation & Price

First Citizens BancShares, Inc. (FCNCA) has a price-to-earnings (P/E) ratio of 11.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First Citizens BancShares, Inc. (FCNCA) grew revenue by 18.2% over the past year. This is strong growth.

Yes, First Citizens BancShares, Inc. (FCNCA) is profitable, generating $2.33B in net income for fiscal year 2024 (18.6% net margin).

Dividend & Returns

Yes, First Citizens BancShares, Inc. (FCNCA) pays a dividend with a yield of 0.51%. This makes it attractive for income-focused investors.

First Citizens BancShares, Inc. (FCNCA) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

Industry Metrics

First Citizens BancShares, Inc. (FCNCA) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.

First Citizens BancShares, Inc. (FCNCA) has an efficiency ratio of 38.2%. This is excellent, indicating strong cost control.

US Stock Screener

...