First Citizens BancShares Inc (Delaware)

Common Name

First Citizens BancShares

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

17,191

Ticker

FCNCA

Exchange

NASDAQ/NGS

Website

www.firstcitizens.com

Description

First Citizens BancShares Inc. is a financial holding company that primarily engages in commercial banking services through its subsidiary, First Citizens Bank & Trust Company. With a focus on deliver... Show more

Financial Statements of First Citizens BancShares

Below are the financial statements of First Citizens BancShares, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Interest and fees on loans	9,528^a	8,187^a	2,953^a
Interest on investment securities	1,347^a	648^a	354^a
Interest on deposits at banks	1,478^a	1,556^a	106^a
Total interest income	12,353^a	10,391^a	3,413^a
Interest expense	—	—	—
Deposits	-3,864^a	-2,497^a	-335^a
Borrowings	-1,346^a	-1,182^a	-132^a
Total interest expense	-5,210^a	-3,679^a	-467^a
Net interest income	7,143^a	6,712^a	2,946^a
Provision for credit losses	-431^a	-1,375^a	-645^a
Net interest income after provision for credit losses	6,712^a	5,337^a	2,301^a
Noninterest income	—	—	—
Rental income on operating lease equipment	1,048^a	971^a	864^a
Lending-related fees	257^a	218^a	103^a
Deposit fees and service charges	230^a	200^a	142^a
Client investment fees	213^a	157^a	0^a
Wealth management services	211^a	188^a	142^a
International fees	119^a	91^a	8^a
Factoring commissions	75^a	82^a	104^a
Cardholder services, net	163^a	139^a	102^a
Merchant services, net	49^a	48^a	35^a
Insurance commissions	55^a	54^a	47^a
Realized gain (loss) on sale of investment securities, net	6^a	-26^a	0^a
Fair value adjustment on marketable equity securities, net	13^a	-11^a	-3^a
Gain on sale of leasing equipment, net	30^a	20^a	15^a
Gain on acquisition	0^a	9,808^a	431^a
(Loss) gain on extinguishment of debt	-2^a	0^a	7^a
Other noninterest income	148^a	136^a	139^a
Total noninterest income	2,615^a	12,075^a	2,136^a
Noninterest expense	—	—	—
Depreciation on operating lease equipment	-394^a	-371^a	-345^a
Maintenance and other operating lease expenses	-219^a	-222^a	-189^a
Personnel cost	-3,078^a	-2,636^a	-1,408^a
Net occupancy expense	-242^a	-244^a	-191^a
Equipment expense	-504^a	-422^a	-216^a
Professional fees	-121^a	-71^a	-45^a
Third-party processing fees	-230^a	-205^a	-103^a
FDIC insurance expense	-138^a	-158^a	-31^a
Marketing expense	-76^a	-102^a	-53^a
Acquisition-related expenses	-210^a	-470^a	-231^a
Intangible asset amortization	-63^a	-57^a	-23^a
Other noninterest expense	-460^a	-377^a	-240^a
Total noninterest expense	-5,735^a	-5,335^a	-3,075^a
Income before income taxes	3,592^a	12,077^a	1,362^a
Income tax expense	-815^a	-611^a	-264^a
Net income	2,777^a	11,466^a	1,098^a
Preferred stock dividends	61^a	59^a	50^a
Net income available to common stockholders	2,716^a	11,407^a	1,048^a

Verified Sources Behind First Citizens BancShares’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore First Citizens BancShares’s data sources below and access millions more through our Disclosure Search.

a. First Citizens BancShares's 10-K 2024

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First Citizens BancShares Inc (Delaware)

Financial Statements of First Citizens BancShares

Verified Sources Behind First Citizens BancShares’s Financial Fundamentals Data

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