First Citizens BancShares, Inc. Class A Common Stock (FCNCA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$40.2	$57.1	+42.2%	—	$2.4B	—
Q1 26	$39.2	$44.9	+14.4%	—	$2.3B	—
Q4 25	$43.8	$51.3	+17.1%	—	$2.2B	—
Q3 25	$41.5	$44.6	+7.5%	—	$2.4B	—
Q2 25	$39.1	$44.8	+14.6%	—	—	—
Q1 25	$37.7	$37.8	+0.3%	—	—	—
Q4 24	$39.1	$45.1	+15.3%	—	—	—
Q3 24	$47.5	$45.9	-3.4%	—	—	—
Q2 24	$44.8	$50.9	+13.5%	—	—	—
Q1 24	$44.1	$52.9	+19.9%	—	—	—
Q4 23	$49.3	$46.6	-5.6%	—	—	—
Q3 23	$48.8	$55.9	+14.5%	—	—	—
Q2 23	$48.1	$52.6	+9.2%	—	$2.5B	—
Q1 23	$12.5	$20.1	+60.6%	—	$1.3B	—
Q4 22	$23	$20.9	-8.9%	—	$1.2B	—
Q3 22	$19.6	$20.8	+5.7%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$165.2	—	—	$9.3B	—
FY24	—	$189.4	—	—	$9.7B	—
FY23	—	$785.1	—	—	$8.8B	—
FY22	—	$67.5	—	—	$4.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.4B	$1.6B	$1.7B	$1.8B	$1.8B	$4.5B	$8.8B	$9.7B	$9.3B
YoY change	+2.83%	+8.63%	+10.2%	+9.35%	+7.21%	+0.99%	+146.2%	+93.5%	+11.1%	-4.91%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.4B	1.6B	1.7B	1.8B	1.8B	4.5B	8.8B	9.7B	9.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	559.1M	642.2M	686.9M	703.1M	745M	783M	1.7B	3.1B	3.5B	3.8B
Operating expenses	559.1M	642.2M	686.9M	703.1M	745M	783M	1.7B	3.1B	3.5B	3.8B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	351.1M	543.7M	503.6M	592M	618M	701M	1.4B	12.1B	3.6B	3B
Income tax	125.6M	219.9M	103.3M	134.7M	126M	154M	264M	611M	815M	765M
Net income	225.5M	323.8M	400.3M	457.4M	492M	547M	1.1B	11.5B	2.8B	2.2B
Net margin	17.4%	23%	25.8%	26.9%	27%	29.8%	24.3%	131%	28.5%	23.8%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	18.8	27	33.5	41	47.5	53.9	67.5	785.1	189.4	165.2
Diluted EPS	18.8	27	33.5	41	47.5	53.9	67.4	784.5	189.4	165.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	2.4B	2.2B	2.3B	2.4B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	955M	985M	1B	995M
Operating expenses	—	—	—	—	—	—	—	—	955M	985M	1B	995M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	—	—	—	—	—	—	—	—	751M	811M	705M	891M
Income tax	245M	199M	273M	272M	234M	36M	168M	183M	183M	231M	171M	219M
Net income	—	—	—	—	—	—	—	—	568M	580M	534M	672M
Net margin	—	—	—	—	—	—	—	—	23.4%	26.8%	23.1%	27.7%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	50.7	34.4	49.3	47.5	43.4	49.2	34.5	42.4	43.1	45.8	42.6	55.5
Diluted EPS	50.7	34.3	49.3	47.5	43.4	49.2	34.5	42.4	43.1	45.8	42.6	55.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.3B	4.8B	4.5B	5.9B	5.8B	8.1B	—	20.6B	30.3B	27.9B	23.7B
Enterprise value	-4.3B	-3.1B	-804M	-1.7B	-4.7B	-9.3B	—	3.7B	11.4B	11.6B	35.8B
Shares outstanding	12M	12M	11.9M	11.1M	10.1M	9.8M	15.5M	14.5M	14.3M	13M	13M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.9	15	11.2	13	11.7	14.9	—	1.8	10.9	12.6	11.3
P/S	3.29	3.44	2.9	3.49	3.17	4.43	—	2.35	3.11	3.02	2.55
P/B	1.42	1.45	1.29	1.65	1.37	1.72	—	0.97	1.36	1.25	1.19
EV/Sales	-3.32	-2.19	-0.52	-1.02	-2.58	-5.07	—	0.43	1.17	1.26	3.83
Earnings yield	5.29%	6.69%	8.89%	7.71%	8.52%	6.71%	—	55.6%	9.16%	7.91%	8.86%
FCF yield	3.49%	5.59%	6.96%	7.71%	4.21%	-4.8%	—	5.98%	4.79%	4.88%	9.07%
PEG	—	—	—	—	—	—	—	—	—	—	0.36

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	39%
Net margin	17.4%	23%	25.8%	26.9%	27%	29.8%	24.3%	131%	28.5%	23.8%	25.2%
ROE	7.49%	9.71%	11.5%	12.8%	11.6%	11.5%	11.4%	53.9%	12.5%	9.92%	10.7%
ROA	—	—	—	—	—	—	—	—	1.24%	0.96%	1.01%
Return on tangible assets	—	—	—	—	—	—	—	—	1.25%	0.97%	1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	0.28	0.29	0.11	0.25	0.3	0.25	0.68	1.77	1.67	1.62	0.02
Debt / assets	—	—	—	—	—	—	—	—	0.17	0.16	0.14
Effective tax rate	35.8%	40.5%	20.5%	22.7%	20.4%	22%	19.4%	5.06%	22.7%	25.7%	25.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	108	117.3	130	152.4	181	187.2	291.4	602.7	678.4	711.6	767.2
EPS (basic)	18.8	27	33.5	41	47.5	53.9	67.5	785.1	189.4	165.2	165.2
EPS (diluted)	18.8	27	33.5	41	47.5	53.9	67.4	784.5	189.4	165.2	186.5
Book value per share	250.8	277.6	292.2	321.9	420.5	482.7	622.1	1.5K	1.5K	1.7K	1.8K
FCF per share	12.4	22.5	26.2	41	24.2	-39.8	120.1	84.8	101.3	104.7	139.4
Cash per share	784.2	741.4	475.9	766.9	1.2K	1.9K	936	3.7K	3.9K	4K	2.1K
Capex per share	6.81	6.81	11.6	10.9	13.1	10.8	52.7	81.6	89.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	6.31%	5.8%	8.94%	7.12%	7.25%	5.77%	18.1%	13.5%	13.2%	—	—
Capex / operating cash flow	30.2%	22%	28.7%	19%	32.3%	-77.9%	37.2%	98.8%	49.5%	—	—
Payout ratio	6.39%	4.45%	4.19%	3.97%	6.1%	7.68%	7.56%	1.02%	5.69%	7.3%	4.42%
Dividend yield	0.34%	0.3%	0.37%	0.31%	0.52%	0.52%	—	0.57%	0.52%	0.58%	0.4%

Yield

0.4%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.10

ex-dividend Aug 31, 2026

Payout ratio

of earnings

Dividend growth

9 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$2.10
May 29, 2026	$2.10
Feb 27, 2026	$2.10

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$2.4B	$2.2B	$2.3B	$2.4B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	9.4B	8.9B	5.7B	8.5B	11.7B	18.7B	14.5B	54.5B	55.9B	52.4B
Receivables	—	—	—	—	—	134M	329M	832M	902M	912M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	2.4M	-20.3M	-24.4M	15.8M	33.2M	-11M	8.5B	9.4B	10B	10.6B
Goodwill & intangibles	457.3M	447.4M	617.3M	835.3M	802.1M	776M	1B	1.4B	1.2B	1.1B
Total assets	—	—	—	—	—	—	—	—	223.7B	229.7B
Accounts payable	—	—	—	—	—	—	57M	137M	134M	140M
Short-term debt	10.2M	90.1M	28.4M	—	—	0	1.8B	0	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	832.9M	885.2M	348.2M	883.9M	1.2B	1.2B	4.8B	37.6B	37B	36.1B
Total liabilities	—	—	—	—	—	—	—	—	201.5B	207.5B
Shareholders' equity	3B	3.3B	3.5B	3.6B	4.2B	4.7B	9.7B	21.3B	22.2B	22.2B
Total debt	843.1M	975.3M	376.6M	883.9M	1.2B	1.2B	6.6B	37.6B	37B	36.1B
Net debt	303.4M	639.2M	49.1M	507.2M	886.1M	-8.3B	1B	3B	14.9B	15.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	54.2B	54.5B	56.4B	53.2B	54.7B	55.9B	35.1B	37.4B	38.9B	52.4B	57.6B	48.1B
Receivables	833M	832M	914M	925M	904M	902M	920M	902M	945M	912M	955M	943M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	10.8B	9.4B	11.1B	11.2B	11.5B	10B	11.7B	11.9B	12B	10.6B	12.5B	12.6B
Goodwill & intangibles	1.4B	1.4B	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B
Total assets	—	—	217.8B	219.8B	220.6B	223.7B	228.8B	229.7B	233.5B	229.7B	236B	236.8B
Accounts payable	146M	137M	141M	159M	149M	134M	107M	120M	105M	140M	109M	167M
Short-term debt	0	0	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	37.7B	37.6B	37.5B	37.5B	37.1B	37B	38.3B	38B	38.6B	36.1B	34.1B	32.3B
Total liabilities	—	—	—	197.3B	197.7B	201.5B	206.5B	207.4B	211.5B	207.5B	213.9B	214.9B
Shareholders' equity	20.4B	21.3B	21.8B	22.5B	22.8B	22.2B	22.3B	22.3B	22B	22.2B	22B	21.9B
Total debt	37.7B	37.6B	37.5B	37.5B	37.1B	37B	38.3B	38B	38.6B	36.1B	34.1B	32.3B
Net debt	175M	3B	6.1B	11.3B	10.6B	14.9B	12.8B	10.9B	12.9B	15.5B	9.8B	9.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	225.5M	323.8M	400.3M	457.4M	492M	547M	1.1B	11.5B	2.8B	2.2B
Depreciation & amortization	110.6M	113.6M	120.4M	127.7M	133M	143M	533M	-57M	130M	405M
Stock-based compensation	—	—	—	—	0	0	19M	5M	0	0
Change in working capital	-91.2M	-87.8M	16.4M	-30M	-186.6M	-718M	744M	-173M	-529M	-112M
Operating cash flow	270.8M	371.8M	483.7M	636.6M	408.4M	-136M	2.2B	1.2B	2.6B	2.9B
Capital expenditure	-81.8M	-81.7M	-138.7M	-120.9M	-132M	-106M	-818M	-1.2B	-1.3B	—
Investing cash flow	36.4M	382.4M	1.1B	-299.5M	-2.9B	-3.2B	-1.8B	-9.4B	-23.1B	2.9B
Dividends paid	-14.4M	-14.4M	-16.8M	-18.1M	-30M	-42M	-83M	-117M	-158M	-161M
Share repurchases	0	0	-163.1M	-453.1M	-334M	0	-1.2B	0	-1.6B	-3B
Financing cash flow	93.2M	109M	-1.3B	-399.9M	441M	-200M	-2.5B	-7.3B	-2.3B	-3.7B
Net change in cash	400.4M	863.1M	298.8M	-62.9M	-2B	-3.6B	-2.1B	-15.4B	-22.7B	2.1B
Free cash flow	148.7M	270.5M	313.3M	457.2M	243M	-391M	1.9B	1.2B	1.5B	1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	752M	514M	731M	707M	639M	700M	483M	575M	568M	580M	534M	672M
Depreciation & amortization	-102M	-45M	-12M	6M	42M	94M	93M	100M	91M	121M	180M	156M
Stock-based compensation	1M	1M	0	0	0	0	—	—	—	—	—	—
Change in working capital	-196M	367M	-352M	-140M	78M	-115M	-586M	55M	100M	319M	-783M	153M
Operating cash flow	990M	619M	404M	324M	901M	967M	-57M	754M	916M	1.1B	172M	1B
Capital expenditure	-196M	-351M	-219M	-301M	-425M	-340M	-210M	-280M	—	—	—	—
Investing cash flow	-4.7B	-3.9B	-5.1B	-3.4B	-6.2B	-8.4B	-1.4B	732M	-1.5B	3.2B	-1.6B	-672M
Dividends paid	-26M	-39M	-39M	-39M	-38M	-42M	-42M	-40M	-39M	-40M	-51M	-55M
Share repurchases	—	0	—	—	-700M	-948M	-618M	-613M	-896M	-900M	-899M	-606M
Financing cash flow	-2.5B	-143M	-79M	-41M	-1.1B	-1.1B	581M	-1B	-341M	-3.4B	-2.6B	-2.4B
Net change in cash	-6.2B	-3.4B	-4.8B	-3.1B	-6.3B	-8.6B	-879M	482M	-932M	823M	-4B	-2B
Free cash flow	907M	485M	176M	79M	520M	678M	-175M	518M	541M	477M	-163M	753M

First Citizens BancShares, Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement