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 97 other locations
Raleigh, US (HQ)
4300 Six Forks Rd
Show all (99)

First Citizens BancShares Financials and Metrics

First Citizens BancShares Financials

First Citizens BancShares's revenue was reported to be $987.8 m in FY, 2016
USD

Revenue (Q2, 2017)

520.7 m

Gross profit (Q2, 2017)

509.8 m

Gross profit margin (Q2, 2017), %

98%

Net income (Q2, 2017)

134.7 m

EBIT (Q2, 2017)

261.6 m

Market capitalization (11-Dec-2017)

4.8 b

Cash (30-Jun-2017)

556.8 m

EV

5.1 b
First Citizens BancShares's current market capitalization is $4.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

353.5 m359.6 m348.4 m383.6 m364.3 m388.1 m520.7 m

Cost of goods sold

11.4 m10.5 m10.4 m11.2 m10.6 m10.5 m10.9 m

Gross profit

342.1 m349.1 m338 m372.4 m353.7 m377.6 m509.8 m

Gross profit Margin, %

97%97%97%97%97%97%98%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

569.1 m543.5 m567 m401 m495.9 m514.4 m546.4 m457.8 m507.6 m495.7 m502.3 m556.8 m

PP&E

868 m878.9 m883.3 m891.7 m1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

Goodwill

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

Total Assets

21.5 b22.2 b22.1 b21.9 b30.9 b30.9 b31.4 b32.2 b32.2 b33 b34 b34.8 b
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

140.5 m22.4 m48.9 m75.3 m63.8 m111.7 m167.6 m52.1 m121.4 m172.8 m67.6 m202.3 m

Depreciation and Amortization

52.2 m17.7 m35.5 m53.2 m27.2 m52.6 m77.3 m27.6 m55.6 m83 m27.9 m56.5 m

Cash From Operating Activities

266.3 m63.1 m91.6 m67.5 m62.7 m77 m197.5 m75.2 m94.5 m223.3 m137.6 m190.9 m

Cash From Investing Activities

(407.2 m)(343.4 m)(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)(585.6 m)
USDY, 2017

EV/EBIT

19.3 x

EV/CFO

26.5 x

Revenue/Employee

88.9 k

Financial Leverage

10.7 x
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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
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First Citizens BancShares Market Value History

First Citizens BancShares's Web-traffic and Trends

First Citizens BancShares Online and Social Media Presence

First Citizens BancShares Company Life and Culture

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