First Citizens BancShares

First Citizens BancShares, Inc. is a holding company of First Citizens Bank. The Bank provides customary banking services, such as checking and savings accounts, fund transfers, various types of time deposits, safe deposit facilities, financing of commercial transactions and making and servicing both secured and unsecured loans to individuals, firms and corporations. FCNB’s agricultural services include operating loans as well as financing for the purchase of equipment and farmland. The Bank's consumer lending department makes direct loans to individuals for personal, automobile, real estate, home improvement, business and collateral needs. FCNB typically sells long-term residential mortgages that it originates to the secondary market without retaining servicing rights. FCNB’s commercial lending operations include various types of credit services for customers.

Company Growth (employees)
Type
Public
HQ
Raleigh, US
Founded
1898
Size (employees)
5,855 (est)
First Citizens BancShares was founded in 1898 and is headquartered in Raleigh, US

First Citizens BancShares Office Locations

First Citizens BancShares has offices in Raleigh, Greenville, Durham, Lincoln and in 90 other locations
Raleigh, US (HQ)
4300 Six Forks Rd
Show all (93)

First Citizens BancShares Data and Metrics

First Citizens BancShares Financial Metrics

First Citizens BancShares's revenue was reported to be $388.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

388.1 m

Gross profit (Q1, 2017)

377.6 m

Gross profit margin (Q1, 2017), %

97%

Net income (Q1, 2017)

67.6 m

EBIT (Q1, 2017)

250.3 m

Market capitalization (22-Aug-2017)

4.2 b

Cash (31-Mar-2017)

502.3 m
First Citizens BancShares's current market capitalization is $4.2 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

796.8 m760.4 m969.2 m987.8 m

Revenue growth, %

(5%)27%2%

Cost of goods sold

44.3 m43.1 m

Gross profit

924.9 m944.7 m

Gross profit Margin, %

95%96%

General and administrative expense

195.1 m

Operating expense total

195.1 m

EBIT

264.7 m203.6 m332.4 m944.7 m

EBIT margin, %

33%27%34%96%

Pre tax profit

332.4 m351.1 m

Income tax expense

110.5 m115.1 m64.7 m101.6 m65 m122 m125.6 m

Net Income

167.7 m138.6 m210.4 m225.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

353.5 m359.6 m348.4 m383.6 m364.3 m388.1 m

Cost of goods sold

11.4 m10.5 m10.4 m11.2 m10.6 m10.5 m

Gross profit

342.1 m349.1 m338 m372.4 m353.7 m377.6 m

Gross profit Margin, %

97%97%97%97%97%97%

General and administrative expense

48.8 m44.7 m47.4 m47.7 m48.6 m49.4 m

Operating expense total

48.8 m44.7 m47.4 m47.7 m48.6 m49.4 m

EBIT

234.7 m239.4 m232.7 m232.2 m235.8 m250.3 m

EBIT margin, %

66%67%67%61%65%64%

Pre tax profit

69.7 m88.8 m81.5 m109.6 m79 m105.1 m

Income tax expense

25.2 m32.9 m29.4 m40.3 m27.5 m37.4 m

Net Income

48.9 m75.3 m63.8 m111.7 m167.6 m52.1 m121.4 m172.8 m67.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

533.6 m604.2 m534.1 m539.7 m

PP&E

876.5 m1.1 b1.1 b1.1 b

Goodwill

102.6 m139.8 m139.8 m150.6 m

Total Assets

21.2 b30.1 b31.5 b33 b

Accounts Payable

28.2 b

Total Liabilities

30 b

Common Stock

8.6 m11 m11 m11 m

Retained Earnings

1.9 b2.1 b2.3 b2.5 b

Total Equity

2.1 b2.7 b2.9 b3 b

Financial Leverage

10.2 x11.2 x11 x11 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

567 m401 m495.9 m514.4 m546.4 m457.8 m507.6 m495.7 m502.3 m

PP&E

883.3 m891.7 m1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

Goodwill

127.1 m127.1 m139.8 m139.8 m139.8 m139.8 m139.8 m150.6 m150.6 m

Total Assets

22.1 b21.9 b30.9 b30.9 b31.4 b32.2 b32.2 b33 b34 b

Accounts Payable

18.6 b18.4 b26.3 b26.5 b26.7 b27.4 b27.3 b27.9 b29 b

Common Stock

8.6 m8.6 m11 m11 m11 m11 m11 m11 m11 m

Retained Earnings

2 b2 b2.1 b2.2 b2.2 b2.3 b2.4 b2.4 b2.5 b

Total Equity

2.1 b2.2 b2.8 b2.8 b2.9 b3 b3 b3.1 b3.1 b

Financial Leverage

10.3 x10.1 x11.2 x11.1 x11 x10.9 x10.6 x10.7 x11 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

167.7 m138.6 m210.4 m225.5 m

Depreciation and Amortization

70.8 m82.4 m110.6 m110.6 m

Cash From Operating Activities

331 m182.2 m233.1 m232.4 m

Cash From Investing Activities

(225 m)(17.7 m)(1.2 b)(1.1 b)

Short-term Borrowings

(57.1 m)(25.3 m)(398 m)(33.1 m)

Dividends Paid

(8.7 m)(11.5 m)(18 m)(14.4 m)

Cash From Financing Activities

(212.2 m)(94 m)944.9 m873.6 m

Interest Paid

59.2 m48.9 m46.8 m45 m

Income Taxes Paid

102.9 m128 m136.9 m108.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

48.9 m75.3 m63.8 m111.7 m167.6 m52.1 m121.4 m172.8 m67.6 m

Depreciation and Amortization

35.5 m53.2 m27.2 m52.6 m77.3 m27.6 m55.6 m83 m27.9 m

Cash From Operating Activities

91.6 m67.5 m62.7 m77 m197.5 m75.2 m94.5 m223.3 m137.6 m

Cash From Investing Activities

(183.7 m)(181.8 m)(589.3 m)(572.6 m)(1.1 b)(694.5 m)(563.2 m)(1 b)(981.4 m)

Short-term Borrowings

81.7 m91.3 m(50.8 m)(269.5 m)(232.9 m)92.8 m132.2 m93.7 m87.1 m

Dividends Paid

(5.8 m)(8.7 m)(3.6 m)(7.2 m)(10.8 m)(7.2 m)(10.8 m)

Cash From Financing Activities

125.5 m(18.3 m)418.3 m405.8 m876.1 m543.1 m442.2 m775.2 m806.3 m

Interest Paid

23.5 m36.9 m

Income Taxes Paid

48 m112.8 m
USDY, 2017

Revenue/Employee

66.3 k

Financial Leverage

11 x

First Citizens BancShares Operating Metrics

First Citizens BancShares's Total Loans Issued was reported to be $22.9 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$18.77 b$19.09 b$19.52 b$19.86 b$20.24 b$20.42 b$20.74 b$21.3 b$21.74 b$21.91 b$22.87 b

Bank Branches

572559550

Non-performing Loans

$170.86 m$182.97 m$155.36 m$162.46 m$168.99 m$162.84 m$159.85 m$160.15 m$146.99 m$150.16 m$144.04 m

    First Citizens BancShares Market Value History

    Traffic Overview of First Citizens BancShares

    First Citizens BancShares Online and Social Media Presence

    First Citizens BancShares News and Updates

    BRIEF-First Citizens BancShares Q2 EPS $5.77

    * First Citizens Bancshares Inc Qtrly net interest income after provision for loan and lease losses $227.6 million versus $226.9 million

    First Citizens BancShares Company Life and Culture

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