First Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . First Citizens BancShares
FCNCA Stock  USD 2,353  28.85  1.24%   
First Citizens financial statements provide useful quarterly and yearly information to potential First Citizens BancShares investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Citizens financial statements helps investors assess First Citizens' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Citizens' valuation are summarized below:
Gross Profit
4 B
Profit Margin
0.2767
Market Capitalization
32.5 B
Enterprise Value Revenue
7.2526
Revenue
9.4 B
We have found one hundred twenty available fundamental signals for First Citizens BancShares, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to verify all of First Citizens BancShares prevailing market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road. The current year's Market Cap is expected to grow to about 21.6 B. The current year's Enterprise Value is expected to grow to about 60.1 B

First Citizens Total Revenue

7.98 Billion

Check First Citizens financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Citizens' main balance sheet or income statement drivers, such as Interest Expense of 3.9 B, Selling General Administrative of 3.2 B or Total Revenue of 8 B, as well as many indicators such as Price To Sales Ratio of 1.77, Dividend Yield of 0.0095 or PTB Ratio of 0.98. First financial statements analysis is a perfect complement when working with First Citizens Valuation or Volatility modules.
  
Check out the analysis of First Citizens Correlation against competitors.

First Citizens Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets224.4 B213.8 B61.9 B
Slightly volatile
Short and Long Term Debt Total39.4 B37.6 B6.5 B
Slightly volatile
Total Current Liabilities115.7 B110.2 B21.2 B
Slightly volatile
Total Stockholder Equity22.3 B21.3 B5.8 B
Slightly volatile
Property Plant And Equipment Net11.5 B11 B3 B
Slightly volatile
Retained Earnings17.6 B16.7 B4.7 B
Slightly volatile
Cash777.8 M908 M853.3 M
Slightly volatile
Non Current Assets Total186.5 B177.6 B33.7 B
Slightly volatile
Other Assets22.5 B35.3 B34.6 B
Slightly volatile
Cash And Short Term Investments862.6 M908 M5.6 B
Very volatile
Common Stock Shares Outstanding11.9 M14.5 M11.4 M
Slightly volatile
Liabilities And Stockholders Equity224.4 B213.8 B61.9 B
Slightly volatile
Non Current Liabilities Total202.1 B192.5 B33.3 B
Slightly volatile
Other Stockholder Equity4.3 B4.1 B1.2 B
Slightly volatile
Total Liabilities202.1 B192.5 B47.3 B
Slightly volatile
Property Plant And Equipment Gross13 B12.4 B3.3 B
Slightly volatile
Total Current Assets862.6 M908 M12.4 B
Slightly volatile
Short Term Debt633.5 M1 B604.6 M
Slightly volatile
Common Stock Total Equity11.9 M17.2 M11.6 M
Slightly volatile
Common Stock12.1 M17.2 M11.6 M
Slightly volatile
Other Liabilities1.7 B1.6 B691.1 M
Slightly volatile
Accounts Payable130.2 M137 M22.2 B
Very volatile
Long Term Debt39 B37.2 B6 B
Slightly volatile
Short Term Investments3.4 B4.3 B3.7 B
Slightly volatile
Property Plant Equipment9.8 B9.4 B2.7 B
Slightly volatile
Good Will417.8 M397.9 M229 M
Slightly volatile
Other Current Assets38 B36.2 B13.9 B
Slightly volatile
Intangible Assets353.9 M337 M97.5 M
Slightly volatile
Net Receivables3.4 B3.2 B752.4 M
Slightly volatile
Net Tangible Assets10 B9.5 B4 B
Slightly volatile
Retained Earnings Total Equity3.2 B6.2 B3.1 B
Slightly volatile
Long Term Debt Total8 B7.6 B2 B
Slightly volatile
Capital Surpluse5 B4.7 B1.7 B
Slightly volatile
Long Term Investments23.7 B32.2 B21.7 B
Slightly volatile
Non Current Liabilities Other4.3 B4.1 B1.2 B
Slightly volatile
Earning Assets6.8 B7.5 B8.5 B
Slightly volatile
Capital Lease Obligations425.2 M405 M61 M
Slightly volatile
Net Invested Capital60.4 B57.5 B12.4 B
Slightly volatile
Capital Stock1.1 B1 B254.9 M
Slightly volatile

First Citizens Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense3.9 B3.7 B598.4 M
Slightly volatile
Selling General Administrative3.2 B3 B950 M
Slightly volatile
Total Revenue8 B7.6 B2.4 B
Slightly volatile
Gross Profit4.3 B4.1 B1.8 B
Slightly volatile
Other Operating Expenses4.5 B4.3 B1.3 B
Slightly volatile
Operating Income3.5 B3.3 B953.2 M
Slightly volatile
EBIT1.1 B1 B471.5 M
Slightly volatile
EBITDA1 B971 M576.5 M
Slightly volatile
Income Before Tax12.7 B12.1 B2.1 B
Slightly volatile
Net Income12 B11.5 B1.9 B
Slightly volatile
Income Tax Expense641.5 M611 M190.2 M
Slightly volatile
Net Income Applicable To Common Shares1.3 B1.2 B458.4 M
Slightly volatile
Selling And Marketing Expenses107.1 M102 M25.2 M
Slightly volatile
Net Income From Continuing Ops11.8 B11.2 B1.8 B
Slightly volatile
Non Recurring8.3 M8.1 M10.4 M
Slightly volatile
Tax Provision574.4 M547 M198.8 M
Slightly volatile
Net Interest Income5.9 B5.6 B1.8 B
Slightly volatile
Interest Income8.7 B8.3 B2.3 B
Slightly volatile
Reconciled Depreciation202.8 M122 M152.6 M
Slightly volatile
Non Operating Income Net Other21.2 M23.9 M26 M
Slightly volatile
Preferred Stock And Other Adjustments30.3 M57.5 M20.7 M
Slightly volatile

First Citizens Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow433.3 M518 M460.1 M
Slightly volatile
Dividends Paid122.8 M117 M35 M
Slightly volatile
Net Income12 B11.5 B1.9 B
Slightly volatile
End Period Cash Flow505.2 M908 M519 M
Pretty Stable
Change To Inventory3.5 M3.7 M24.6 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.772.7112.5125
Slightly volatile
Dividend Yield0.00950.00570.0064
Slightly volatile
PTB Ratio0.980.96991.1806
Slightly volatile
Days Sales Outstanding29.1130.6540.081
Slightly volatile
Book Value Per Share1.5 K1.5 K1.3 K
Slightly volatile
Stock Based Compensation To Revenue6.0E-47.0E-40.0037
Slightly volatile
PB Ratio0.980.96991.1806
Slightly volatile
EV To Sales7.917.53183.4398
Slightly volatile
ROIC0.05060.05410.0735
Slightly volatile
Net Income Per Share829789133
Slightly volatile
Payables Turnover20.5823.1525.2083
Slightly volatile
Sales General And Administrative To Revenue0.310.39660.3942
Slightly volatile
Capex To Revenue0.130.18780.0928
Slightly volatile
Cash Per Share59.3862.5004356
Slightly volatile
Interest Coverage0.860.90545.8709
Pretty Stable
Payout Ratio0.00970.01020.0628
Slightly volatile
Days Payables Outstanding9.8514.189810.6408
Slightly volatile
ROE0.570.53940.1575
Slightly volatile
PE Ratio1.711.797911.5398
Slightly volatile
Return On Tangible Assets0.05650.05380.0147
Slightly volatile
Earnings Yield0.580.55620.1477
Slightly volatile
Intangibles To Total Assets0.0030.00320.0065
Slightly volatile
Current Ratio0.00780.0082239
Very volatile
Tangible Book Value Per Share1.5 K1.4 K1.3 K
Slightly volatile
Receivables Turnover10.912.3314.1324
Very volatile
Graham Number5.4 K5.1 K1.1 K
Slightly volatile
Shareholders Equity Per Share1.5 K1.5 K451
Slightly volatile
Debt To Equity1.841.74830.5784
Slightly volatile
Capex Per Share10398.293624.2239
Slightly volatile
Revenue Per Share550523189
Slightly volatile
Interest Debt Per Share3 K2.8 K484
Slightly volatile
Debt To Assets0.180.17380.0521
Slightly volatile
Enterprise Value Over EBITDA61.9358.982116.0828
Slightly volatile
Short Term Coverage Ratios1.061.444.2275
Very volatile
Price Earnings Ratio1.711.797911.5398
Slightly volatile
Price Book Value Ratio0.980.96991.1806
Slightly volatile
Days Of Payables Outstanding9.8514.189810.6408
Slightly volatile
Dividend Payout Ratio0.00970.01020.0628
Slightly volatile
Pretax Profit Margin1.671.58820.4574
Slightly volatile
Ebt Per Ebit3.813.62561.1857
Slightly volatile
Operating Profit Margin0.460.43810.3223
Slightly volatile
Effective Tax Rate0.04810.05060.2647
Slightly volatile
Company Equity Multiplier13.9810.056811.7281
Pretty Stable
Long Term Debt To Capitalization0.670.63610.2593
Slightly volatile
Total Debt To Capitalization0.440.63610.3041
Pretty Stable
Return On Capital Employed0.04790.03220.0203
Slightly volatile
Debt Equity Ratio1.841.74830.5784
Slightly volatile
Ebit Per Revenue0.460.43810.3223
Slightly volatile
Quick Ratio0.00780.0082239
Very volatile
Net Income Per E B T0.540.94940.7078
Slightly volatile
Cash Ratio0.00780.00825.163
Very volatile
Days Of Sales Outstanding29.1130.6540.081
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.430.46320.678
Pretty Stable
Price To Book Ratio0.980.96991.1806
Slightly volatile
Fixed Asset Turnover0.660.69271.1676
Slightly volatile
Enterprise Value Multiple61.9358.982116.0828
Slightly volatile
Debt Ratio0.180.17380.0521
Slightly volatile
Price Sales Ratio1.772.7112.5125
Slightly volatile
Return On Assets0.05630.05360.0146
Slightly volatile
Asset Turnover0.05070.03560.0435
Slightly volatile
Net Profit Margin1.581.50790.3763
Slightly volatile
Gross Profit Margin0.760.53660.8149
Slightly volatile
Price Fair Value0.980.96991.1806
Slightly volatile
Return On Equity0.570.53940.1575
Slightly volatile

First Citizens Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap21.6 B20.6 B6.6 B
Slightly volatile
Enterprise Value60.1 B57.3 B12 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings14.9925
Cash And Short Term Investments908 M

First Upcoming Events

26th of January 2024
Upcoming Quarterly Report
View
8th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
26th of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About First Citizens Financial Statements

First Citizens stakeholders use historical fundamental indicators, such as First Citizens' revenue or net income, to determine how well the company is positioned to perform in the future. Although First Citizens investors may analyze each financial statement separately, they are all interrelated. For example, changes in First Citizens' assets and liabilities are reflected in the revenues and expenses on First Citizens' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in First Citizens BancShares. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue-895.5 M-940.3 M
Total Revenue7.6 B8 B
Cost Of Revenue3.5 B3.7 B
Sales General And Administrative To Revenue 0.40  0.31 
Capex To Revenue 0.19  0.13 
Revenue Per Share 523.41  549.58 
Ebit Per Revenue 0.44  0.46 

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When determining whether First Citizens BancShares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Citizens' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Citizens Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Citizens Bancshares Stock:
How To Invest In First
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Is First Stock a good investment?
Details
What is First Citizens' Net Worth?
Details
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Largest Banks - Regional Companies
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Check out the analysis of First Citizens Correlation against competitors.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Citizens. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Citizens listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Dividend Share
6.56
Earnings Share
174.6
Revenue Per Share
646.115
Quarterly Revenue Growth
(0.03)
The market value of First Citizens BancShares is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Citizens' value that differs from its market value or its book value, called intrinsic value, which is First Citizens' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Citizens' market value can be influenced by many factors that don't directly affect First Citizens' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
Please note, there is a significant difference between First Citizens' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Citizens is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Citizens' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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