First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E (FCNCN) — Financial statements
Income statement, balance sheet, and cash flow for First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 14,216↓2.3% | 14,552↓53.6% | 31,337↑467.0% | 5,527↑190.9% | 1,900 | |
| Cost of Revenue | 5,478↓2.9% | 5,641↑11.6% | 5,054↑354.5% | 1,112↑4564.2% | 24 | |
| Gross Profit | 8,738↓1.9% | 8,911↓66.1% | 26,283↑495.3% | 4,415↑135.3% | 1,876 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 3,679↑7.1% | 3,435↑13.9% | 3,016↑85.3% | 1,628↑83.2% | 889 | |
| Selling & Marketing Expenses | 142↑86.8% | 76↓25.5% | 102↑92.5% | 53 | 0.00 | |
| SG&A Expenses | 3,821↑8.8% | 3,511↑12.6% | 3,118↑85.5% | 1,681↑89.2% | 889 | |
| Other Expenses | 1,946↑7.6% | 1,808↓83.7% | 11,088↑708.2% | 1,372↑379.8% | 286 | |
| Operating Expenses | 5,767↑8.4% | 5,319↓62.6% | 14,206↑365.3% | 3,053↑159.9% | 1,175 | |
| Total Costs & Expenses | 11,245↑2.6% | 10,960↓43.1% | 19,260↑362.4% | 4,165↑247.5% | 1,198 | |
| Operating Results | ||||||
| Operating Income | 2,971↓17.3% | 3,592↓70.3% | 12,077↑786.7% | 1,362↑94.1% | 702 | |
| Depreciation & Amortization | 405↑211.5% | 130↑328.1% | -57↓110.7% | 533↑400.1% | 107 | |
| EBITDA | 3,376↓9.3% | 3,722↓69.0% | 12,020↑534.3% | 1,895↑134.5% | 808 | |
| EBIT | 2,971↓17.3% | 3,592↓70.3% | 12,077↑786.7% | 1,362↑94.1% | 702 | |
| Interest & Other Income | ||||||
| Net Interest Income | 6,814↓4.6% | 7,143↑6.4% | 6,712↑127.8% | 2,946↑111.9% | 1,390 | |
| Interest Income | 11,778↓4.7% | 12,353↑18.9% | 10,391↑204.5% | 3,413↑135.2% | 1,451 | |
| Interest Expense | 4,964↓4.7% | 5,210↑41.6% | 3,679↑687.8% | 467↑669.7% | 61 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 2,971↓17.3% | 3,592↓70.3% | 12,077↑786.7% | 1,362↑94.1% | 702 | |
| Income Tax Expense | 765↓6.1% | 815↑33.4% | 611↑131.4% | 264↑71.2% | 154 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,206↓20.6% | 2,777↓75.8% | 11,466↑944.3% | 1,098↑100.6% | 547 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,206↓20.6% | 2,777↓75.8% | 11,466↑944.3% | 1,098↑100.6% | 547 | |
| Bottom-Line Net Income | 2,149↓20.9% | 2,716↓76.2% | 11,407↑988.5% | 1,048↑98.1% | 529 | |
| EPS (Basic) | 165.28↓12.7% | 189.38↓75.9% | 785.18↑1063.7% | 67.47↑25.2% | 53.88 | |
| EPS (Diluted) | 165.28↓12.7% | 189.37↓75.9% | 784.55↑1064.0% | 67.40↑25.1% | 53.88 | |
| Weighted Average Shares | 13↓9.3% | 14↓1.3% | 15↓6.5% | 16↑58.2% | 10 | |
| Weighted Average Diluted Shares | 13↓9.3% | 14↓1.4% | 15↓6.5% | 16↑58.4% | 10 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.