First Citizens BancShares, Inc. (FCNCO)

First Citizens BancShares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	9,528	8,187	2,953	1,295	1,333
Interest Income on Investments	2,825	2,204	460	156	151
Total Interest Income	12,353	10,391	3,413	1,451	1,484
Interest Paid on Deposits	3,864	2,497	335	33	67
Interest Paid on Borrowings	1,346	1,182	132	28	29
Total Interest Expense	5,210	3,679	467	61	96
Net Interest Income	7,143	6,712	2,946	1,390	1,388
Net Interest Income Growth (YoY)	6.42%	127.83%	111.94%	0.14%	5.84%
Trust Income	211	188	142	129	103
Gain (Loss) on Sale of Assets	30	20	15	-	-
Gain (Loss) on Sale of Investments	19	-37	-3	67	89
Other Non-Interest Income	2,127	1,940	1,446	217	197
Total Non-Interest Income	2,617	2,267	1,698	508	477
Non-Interest Income Growth (YoY)	15.44%	33.51%	234.25%	6.50%	14.70%
Revenues Before Loan Losses	9,760	8,979	4,644	1,898	1,865
Provision for Loan Losses	431	1,375	645	-37	58
Revenue	9,329	7,604	3,999	1,935	1,807
Revenue Growth (YoY)	22.69%	90.15%	106.67%	7.08%	6.56%
Salaries and Employee Benefits	3,078	2,631	1,389	759	722
Occupancy Expenses	461	380	312	100	99
Federal Deposit Insurance	138	158	31	14	13
Amortization of Goodwill & Intangibles	63	57	23	12	15
Selling, General & Administrative	1,325	1,262	849	226	161
Other Non-Interest Expense	460	377	240	94	162
Total Non-Interest Expense	5,525	4,865	2,844	1,205	1,172
EBT Excluding Unusual Items	3,804	2,739	1,155	730	635
Other Unusual Items	-2	9,808	438	-	-
Pretax Income	3,592	12,077	1,362	701	618
Income Tax Expense	815	611	264	154	126
Net Income	2,777	11,466	1,098	547	492
Preferred Dividends & Other Adjustments	61	59	50	18	14
Net Income to Common	2,716	11,407	1,048	529	478
Net Income Growth	-75.78%	944.26%	100.73%	11.18%	7.57%
Basic Shares Outstanding	14	15	16	10	10
Diluted Shares Outstanding	14	15	16	10	10
Shares Change (YoY)	-1.35%	-6.50%	58.41%	-2.39%	-9.73%
EPS (Basic)	189.38	785.18	67.47	53.89	47.53
EPS (Diluted)	189.38	784.51	67.40	53.88	47.50
EPS Growth	-75.86%	1063.96%	25.09%	13.43%	15.70%
Dividend Per Share	6.870	3.890	2.160	1.880	1.670
Dividend Growth	76.61%	80.09%	14.89%	12.57%	4.37%
Effective Tax Rate	22.69%	5.06%	19.38%	21.97%	20.39%

Source: S&P Capital IQ. Banks template. Financial Sources.