First Citizens BancShares

For more than 100 years, Raleigh, N.C. -headquartered First Citizens Bank has helped customers do more with the money they earn, save and invest. Along the way, we’ve built our company on such timeless values as integrity, hard work and taking the long-term view. In 1898, First Citizens began as the Bank of Smithfield in Johnston County, N.C. From a single office, First Citizens has grown to more than 560 branches in 18 states. First Citizens today is a full-service banking institution with more than 6,000 employees. Our parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), has more than $30 billion in assets. First Citizens is now the country’s largest family-controlled bank, with a record of stable leadership few institutions can rival. First Citizens offers: • Traditional banking services. • Essential business and professional services. • Wealth management capabilities. • Hundreds of branches and ATMs, a full-service telephone bank and sophisticated online and mobile banking offerings. For 117 years, customers have trusted First Citizens with their money and their futures. And that’s a trust we’ve always taken seriously. For every First Citizens customer, now and in the future, we make a simple promise: We will always live and work by the values that have distinguished First Citizens since the day we opened our doors. Forever First is our commitment to the people, businesses and communities who rely on us to be the best bank we can be. As we say, “Money isn’t everything. But so much depends on what you do with your money.” First Citizens Bank. Forever First®.

Raleigh, US
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 79 other locations
Raleigh, US (HQ)
4300 Six Forks Rd

First Citizens BancShares Metrics

First Citizens BancShares Financial Metrics

Revenue (2016)

$987.8 m

Revenue growth (2015-16), %


Gross profit

$944.7 m

Gross profit margin (2016), %


Net income (2016)

$225.5 m

Market capitalization (21-Mar-2017)

$4.1 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$539.7 m
First Citizens BancShares's current market capitalization is $4.1 b.
First Citizens BancShares's revenue was reported to be $987.8 m in FY, 2016 which is a 1.9% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$796.8 m$760.4 m$969.2 m$987.8 m

Revenue growth, %


Cost of goods sold

$44.3 m$43.1 m

Gross profit

$924.9 m$944.7 m

Gross profit Margin, %


Operating expense total

$1 b$1 b


$264.7 m$203.6 m$332.4 m$944.7 m

EBIT margin, %


Pre tax profit

$332.4 m$351.1 m

Income tax expense

$110.5 m$115.1 m$64.7 m$101.6 m$65 m$122 m$125.6 m

Net Income

$167.7 m$138.6 m$210.4 m$225.5 m
FY, 2013FY, 2014FY, 2015FY, 2016


$533.6 m$604.2 m$534.1 m$539.7 m

Accounts Receivable



$876.5 m$1.1 b$1.1 b$1.1 b


$102.6 m$139.8 m$139.8 m$150.6 m

Total Assets

$21.2 b$30.1 b$31.5 b$33 b

Accounts Payable

Common Stock

$8.6 m$11 m$11 m$11 m

Retained Earnings

$1.9 b$2.1 b$2.3 b$2.5 b

Total Equity

$2.1 b$2.7 b$2.9 b$3 b

Financial Leverage

10.2 x11.2 x11 x11 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$167.7 m$138.6 m$210.4 m$225.5 m

Depreciation and Amortization

$70.8 m$82.4 m$110.6 m$110.6 m

Accounts Receivable


Accounts Payable

Cash From Operating Activities

$331 m$182.2 m$233.1 m$232.4 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 m$873.6 m

Interest Paid

$59.2 m$48.9 m$46.8 m$45 m

Income Taxes Paid

$102.9 m$128 m$136.9 m$108.7 m

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