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.

Type
Public
HQ
Raleigh, US
Founded
1898
Size (employees)
5,855 (est)+3%
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 85 other locations
Raleigh, US (HQ)
4300 Six Forks Rd

First Citizens BancShares Data and Metrics

First Citizens BancShares Financial Metrics

First Citizens BancShares's revenue was reported to be $987.8 m in FY, 2016 which is a 2% increase from the previous period.
USD

Revenue (FY, 2016)

987.8 m

Revenue growth (FY, 2015 - FY, 2016), %

2%

Gross profit (FY, 2016)

944.7 m

Gross profit margin (FY, 2016), %

96%

Net income (FY, 2016)

225.5 m

EBIT (FY, 2016)

944.7 m

Market capitalization (23-Jun-2017)

4.4 b

Closing share price (23-Jun-2017)

351

Cash (31-Dec-2016)

539.7 m
First Citizens BancShares's current market capitalization is $4.4 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%

Operating expense total

1 b1 b

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
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

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
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
USDY, 2016

Revenue/Employee

172.3 k

Financial Leverage

11 x

First Citizens BancShares Market Value History

First Citizens BancShares Job Categories

First Citizens BancShares Online and Social Media Presence

First Citizens BancShares News and Updates

First Citizens BancShares Company Life and Culture

You may also be interested in