First Citizens BancShares, Inc. (FCNCO)

First Citizens BancShares Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	9,597	8,187	2,953	1,295	1,333	1,217
Interest Income on Investments	2,872	2,204	460	156	151	186.71
Total Interest Income	12,469	10,391	3,413	1,451	1,484	1,404
Interest Paid on Deposits	3,772	2,497	335	33	67	76.25
Interest Paid on Borrowings	1,352	1,182	132	28	29	16.39
Total Interest Expense	5,124	3,679	467	61	96	92.64
Net Interest Income	7,345	6,712	2,946	1,390	1,388	1,311
Net Interest Income Growth (YoY)	31.09%	127.83%	111.94%	0.14%	5.84%	8.48%
Trust Income	205	188	142	129	103	99.24
Mortgage Banking Activities	-	-	-	-	-	21.13
Gain (Loss) on Sale of Assets	21	20	15	-	-	-
Gain (Loss) on Sale of Investments	16	-37	-3	67	89	27.74
Other Non-Interest Income	2,125	1,940	1,446	217	197	162.56
Total Non-Interest Income	2,544	2,267	1,698	508	477	415.86
Non-Interest Income Growth (YoY)	22.90%	33.51%	234.25%	6.50%	14.70%	11.31%
Revenues Before Loan Losses	9,889	8,979	4,644	1,898	1,865	1,727
Provision for Loan Losses	525	1,375	645	-37	58	31.44
Revenue	9,364	7,604	3,999	1,935	1,807	1,696
Revenue Growth (YoY)	44.77%	90.15%	106.67%	7.08%	6.56%	9.12%
Salaries and Employee Benefits	2,990	2,631	1,389	759	722	671.61
Occupancy Expenses	370	380	312	100	99	-
Federal Deposit Insurance	187	158	31	14	13	10.66
Amortization of Goodwill & Intangibles	64	57	23	12	15	-
Selling, General & Administrative	1,372	1,262	849	226	161	264.46
Other Non-Interest Expense	463	377	240	94	162	127.85
Total Non-Interest Expense	5,446	4,865	2,844	1,205	1,172	1,087
EBT Excluding Unusual Items	3,918	2,739	1,155	730	635	609.21
Other Unusual Items	-85	9,808	438	-	-	-
Pretax Income	3,569	12,077	1,362	701	618	592.05
Income Tax Expense	978	611	264	154	126	134.68
Net Income	2,591	11,466	1,098	547	492	457.37
Preferred Dividends & Other Adjustments	61	59	50	18	14	-
Net Income to Common	2,530	11,407	1,048	529	478	457.37
Net Income Growth	-76.88%	944.26%	100.73%	11.18%	7.57%	14.25%
Basic Shares Outstanding	14	15	16	10	10	11
Diluted Shares Outstanding	14	15	16	10	10	11
Shares Change (YoY)	-0.39%	-6.50%	58.41%	-2.39%	-9.73%	-6.68%
EPS (Basic)	174.57	785.18	67.47	53.89	47.53	41.05
EPS (Diluted)	174.55	784.51	67.40	53.88	47.50	41.05
EPS Growth	-77.22%	1063.96%	25.09%	13.43%	15.70%	22.43%
Dividend Per Share	6.560	3.890	2.160	1.880	1.670	1.600
Dividend Growth	118.67%	80.09%	14.89%	12.57%	4.37%	10.34%
Effective Tax Rate	27.40%	5.06%	19.38%	21.97%	20.39%	22.75%

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