NASDAQ · Financial Statements

First Citizens BancShares, Inc. (FCNCA) Financial Statements

$2375.84 NASDAQ: FCNCA Market Cap $26.83B

First Citizens BancShares, Inc. most recently reported annual revenue of $14.5B, net profit of $2.2B. Revenue grew at an average annual rate of 49.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

First Citizens BancShares, Inc.: Revenue rose from $1.3B in 2016 to $14.5B in 2025, a change of +981.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 26.2% to 20.5%, a shift of -5.7 percentage points; the most recent year shows net profit of $2.2B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.3B$1.5B$1.6B$1.8B$1.9B$1.9B$5.1B$12.6B$14.9B$14.5B
Operating Expenses$989.0M$909.0M$1.1B$1.2B$1.3B$1.2B$3.7B$561.0M$11.3B$11.5B
Operating Profit$351.0M$544.0M$504.0M$592.0M$618.0M$701.0M$1.4B$12.1B$3.6B$3.0B
Operating Margin26.2%37.4%31.7%33.1%32.3%36.9%26.7%95.6%24.0%20.5%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$43.0M$44.0M$37.0M$93.0M$96.0M$61.0M$467.0M$3.7B$5.2B$5.0B
Depreciation$111.0M$114.0M$120.0M$128.0M$133.0M$143.0M$533.0M$-57.0M$130.0M$427.0M
Profit Before Tax$351.0M$544.0M$504.0M$592.0M$618.0M$701.0M$1.4B$12.1B$3.6B$3.0B
Tax$35.8M$40.5M$20.5M$22.8M$20.4M$22.0M$19.4M$5.1M$22.7M$25.8M
Net Profit$225.0M$324.0M$400.0M$457.0M$492.0M$547.0M$1.1B$11.5B$2.8B$2.2B
EPS$18.77$26.96$33.53$41.05$47.50$53.88$67.40$784.55$189.41$165.76
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$3.7B$3.7B$3.7B$3.7B$3.8B$3.7B$3.5B$3.6B$3.7B$3.7B$3.5B$3.6B
Operating Expenses$2.7B$3.0B$2.7B$2.7B$2.9B$3.0B$2.9B$2.9B$2.9B$2.8B$2.8B$2.7B
Operating Profit$997.0M$713.0M$1.0B$979.0M$873.0M$736.0M$651.0M$758.0M$751.0M$811.0M$705.0M$891.0M
Operating Margin26.9%19.4%27.1%26.4%23.1%19.9%18.5%20.9%20.3%22.2%20.3%24.7%
Interest$1.1B$1.2B$1.3B$1.3B$1.3B$1.3B$1.2B$1.3B$1.3B$1.2B$1.2B$1.2B
Profit Before Tax$997.0M$713.0M$1.0B$979.0M$873.0M$736.0M$651.0M$758.0M$751.0M$811.0M$705.0M$891.0M
Tax$24.6M$27.9M$27.2M$27.8M$26.8M$4.9M$25.8M$24.1M$24.4M$28.5M$24.3M$24.6M
Net Profit$752.0M$514.0M$731.0M$707.0M$639.0M$700.0M$483.0M$575.0M$568.0M$580.0M$534.0M$672.0M
EPS$50.69$34.32$49.26$47.54$43.41$49.21$34.47$42.36$43.12$45.81$42.63$55.48

Over the 10 years reported for First Citizens BancShares, Inc., borrowings increased from $1.4B in 2016 to $36.0B in 2025, cash stood at $20.6B in the latest year, shareholders' equity was $12.0M, current assets covered current liabilities 1.03 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$33.0B$34.5B$35.4B$39.8B$50.0B$58.3B$109.3B$213.8B$223.7B$229.7B
Current Assets$9.5B$9.0B$5.8B$8.7B$12.0B$19.9B$17.4B$57.7B$59.6B$168.0B
Cash$540.0M$336.0M$327.0M$377.0M$362.0M$9.5B$5.5B$34.5B$22.2B$20.6B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$80.0M$95.0M$110.0M$123.0M$212.0M$1.2B$2.9B$3.2B$3.5B$146.4B
Fixed Assets$1.1B$1.1B$1.2B$1.2B$1.3B$1.3B$10.0B$11.0B$11.6B$12.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$30.5B$32.2B$33.2B$37.0B$47.1B$45.5B$88.1B$162.4B$184.2B$41.8B
Other Assets$151.0M$151.0M$236.0M$349.0M$350.0M$346.0M$346.0M$346.0M$346.0M$346.0M
Total Liabilities$30.0B$31.2B$31.9B$36.2B$45.7B$53.6B$99.6B$192.5B$201.5B$207.5B
Current Liabilities$28.8B$29.9B$31.2B$34.9B$44.1B$52.0B$91.9B$146.9B$155.7B$162.9B
Borrowings$1.4B$1.6B$934.0M$1.3B$1.9B$1.8B$7.0B$38.0B$37.4B$36.0B
Other Liabilities$28.5B$29.6B$31.0B$34.9B$43.8B$51.8B$92.6B$154.5B$164.1B$171.5B
Equity$12.0M$12.0M$12.0M$11.0M$10.0M$10.0M$15.0M$15.0M$14.0M$12.0M
Reserves$3.0B$3.3B$3.5B$3.6B$4.2B$4.7B$9.7B$21.3B$22.2B$22.2B

For First Citizens BancShares, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $2.1B; free cash flow was positive in 9 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$231.0M$355.0M$454.0M$578.0M$376.0M$-284.0M$2.8B$2.7B$3.0B$2.9B
Investing Cash Flow$-1.2B$-753.0M$-39.0M$-1.7B$-10.0B$-7.7B$-851.0M$1.0B$-11.7B$-6.5B
Financing Cash Flow$780.0M$1.0M$327.0M$986.0M$8.6B$8.0B$-3.1B$297.0M$7.7B$3.5B
Net Cash Flow$6.0M$-204.0M$-9.0M$49.0M$-15.0M$-24.0M$180.0M$390.0M$-94.0M$-13.0M
Free Cash Flow$149.0M$270.0M$313.0M$457.0M$243.0M$-391.0M$1.9B$1.2B$1.5B$2.1B

Valuation & Return Ratios

MetricValue
PEG Ratio1.06
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y36.68%
Return 3Y84.49%
Return 5Y150.26%

First Citizens BancShares, Inc. (FCNCA) financials — frequently asked questions

What is First Citizens BancShares, Inc.'s annual revenue?

First Citizens BancShares, Inc. (FCNCA) reported annual revenue of $14.5B in its most recent fiscal year.

What is First Citizens BancShares, Inc.'s net profit?

First Citizens BancShares, Inc. (FCNCA) reported net profit of $2.2B in its most recent fiscal year.

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