First Citizens BancShares, Inc. (FCNCA)

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	9,410	9,528	8,187	2,953	1,295	1,333
Interest Income on Investments	2,754	2,825	2,204	460	156	151
Total Interest Income	12,164	12,353	10,391	3,413	1,451	1,484
Interest Paid on Deposits	3,829	3,864	2,497	335	33	67
Interest Paid on Borrowings	1,346	1,346	1,182	132	28	29
Total Interest Expense	5,175	5,210	3,679	467	61	96
Net Interest Income	6,989	7,143	6,712	2,946	1,390	1,388
Net Interest Income Growth (YoY)	-8.99%	6.42%	127.83%	111.94%	0.14%	5.84%
Trust Income	216	211	188	142	129	103
Gain (Loss) on Sale of Assets	25	30	20	15	-	-
Gain (Loss) on Sale of Investments	18	19	-37	-3	67	89
Other Non-Interest Income	2,134	2,127	1,896	1,402	217	197
Total Non-Interest Income	2,623	2,617	2,267	1,698	508	477
Non-Interest Income Growth (YoY)	6.58%	15.44%	33.51%	234.25%	6.50%	14.70%
Revenues Before Loan Losses	9,612	9,760	8,979	4,644	1,898	1,865
Provision for Loan Losses	521	431	1,375	645	-37	58
Revenue	9,091	9,329	7,604	3,999	1,935	1,807
Revenue Growth (YoY)	-4.14%	22.68%	90.15%	106.67%	7.08%	6.56%
Salaries and Employee Benefits	3,152	3,078	2,631	1,389	759	722
Occupancy Expenses	372	363	380	312	100	99
Federal Deposit Insurance	135	138	158	31	14	13
Amortization of Goodwill & Intangibles	61	63	57	23	12	15
Selling, General & Administrative	1,468	1,423	1,262	849	226	161
Other Non-Interest Expense	457	447	374	240	94	162
Total Non-Interest Expense	5,645	5,512	4,862	2,844	1,205	1,172
EBT Excluding Unusual Items	3,446	3,817	2,742	1,155	730	635
Asset Writedown	-13	-13	-3	-	-	-
Other Unusual Items	-	-2	9,808	438	-	-
Pretax Income	3,239	3,592	12,077	1,362	701	618
Income Tax Expense	710	815	611	264	154	126
Net Income	2,529	2,777	11,466	1,098	547	492
Preferred Dividends & Other Adjustments	61	61	59	50	18	14
Net Income to Common	2,468	2,716	11,407	1,048	529	478
Net Income Growth	-5.60%	-75.78%	944.26%	100.73%	11.18%	7.57%
Basic Shares Outstanding	14	14	15	16	10	10
Diluted Shares Outstanding	14	14	15	16	10	10
Shares Change (YoY)	-3.00%	-1.35%	-6.50%	58.41%	-2.39%	-9.73%
EPS (Basic)	175.01	189.38	785.18	67.47	53.89	47.53
EPS (Diluted)	175.01	189.38	784.51	67.40	53.88	47.50
EPS Growth	-2.84%	-75.86%	1063.96%	25.09%	13.43%	15.71%
Dividend Per Share	7.180	6.870	3.890	2.160	1.880	1.670
Dividend Growth	50.21%	76.61%	80.09%	14.89%	12.57%	4.38%
Effective Tax Rate	21.92%	22.69%	5.06%	19.38%	21.97%	20.39%

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q