First Citizens Bancshares, Inc. (FIZN)

First Citizens Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	94.17	91.63	79.53	62.39	54.21	54.06
Interest Income on Investments	24.98	24.98	23.57	20.32	16.09	15.75
Total Interest Income	119.15	116.61	103.09	82.7	70.3	69.81
Interest Paid on Deposits	56.3	55.62	41.23	12.55	5.87	11.45
Interest Paid on Borrowings	6.17	6.17	5.38	2.1	1.37	1.81
Total Interest Expense	62.47	61.79	46.62	14.65	7.24	13.26
Net Interest Income	56.68	54.82	56.48	68.05	63.06	56.55
Net Interest Income Growth (YoY)	4.42%	-2.93%	-17.01%	7.91%	11.52%	4.86%
Trust Income	2.02	2.02	1.62	1.77	1.75	1.57
Mortgage Banking Activities	1.56	1.56	1.34	2.33	4.97	5.59
Gain (Loss) on Sale of Assets	0.01	0.01	0	0	0.42	0
Gain (Loss) on Sale of Investments	-0.14	-0.14	0.21	0.87	0.31	0.88
Other Non-Interest Income	9.43	8.97	8.93	8.53	8.12	6.75
Total Non-Interest Income	17.76	17.3	16.78	18.29	19.33	19.05
Non-Interest Income Growth (YoY)	7.80%	3.08%	-8.26%	-5.33%	1.46%	17.56%
Revenues Before Loan Losses	74.44	72.12	73.26	86.35	82.39	75.6
Provision for Loan Losses	-	-	0.9	3.15	0.22	3.18
Revenue	74.44	72.12	72.36	83.2	82.17	72.42
Revenue Growth (YoY)	6.57%	-0.33%	-13.03%	1.26%	13.46%	4.07%
Salaries and Employee Benefits	29.14	29.14	28.07	28.52	29.05	27.14
Occupancy Expenses	5.55	5.55	5.49	5.81	5.47	5.47
Federal Deposit Insurance	1.32	1.32	1.27	0.7	0.58	0.27
Amortization of Goodwill & Intangibles	0.11	0.11	0.15	0.19	0.19	0.19
Selling, General & Administrative	9.81	9.81	10.05	9.72	9.14	8.8
Other Non-Interest Expense	7.28	7.05	6.19	6.39	5.91	5.21
Total Non-Interest Expense	53.21	52.99	51.16	51.34	50.33	47.12
EBT Excluding Unusual Items	21.23	19.14	21.2	31.86	31.83	25.31
Pretax Income	21.23	19.14	21.2	31.86	31.83	25.31
Income Tax Expense	1.94	1.53	2.47	4.68	4.88	3.31
Earnings From Continuing Operations	19.29	17.61	18.73	27.19	26.96	22
Minority Interest in Earnings	-0.12	-0.12	-0.12	-0.12	-0.12	-0.12
Net Income	19.16	17.48	18.61	27.06	26.83	21.88
Net Income to Common	19.16	17.48	18.61	27.06	26.83	21.88
Net Income Growth	17.70%	-6.06%	-31.24%	0.86%	22.66%	17.29%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-1.32%	-1.13%	-0.03%	-0.36%	-0.25%	-0.40%
EPS (Basic)	4.97	4.52	4.76	6.92	6.84	5.56
EPS (Diluted)	4.96	4.51	4.76	6.92	6.84	5.56
EPS Growth	18.99%	-5.25%	-31.25%	1.22%	22.97%	17.76%
Dividend Per Share	1.400	1.400	1.500	1.400	1.400	1.800
Dividend Growth	-6.67%	-6.67%	7.14%	-	-22.22%	5.88%
Effective Tax Rate	9.15%	8.00%	11.63%	14.67%	15.32%	13.06%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.