First Citizens BancShares Past Earnings Performance

Past criteria checks 4/6

First Citizens BancShares has been growing earnings at an average annual rate of 75.3%, while the Banks industry saw earnings growing at 10.1% annually. Revenues have been growing at an average rate of 33.1% per year. First Citizens BancShares's return on equity is 53.9%, and it has net margins of 150%.

Key information

75.3%

Earnings growth rate

70.6%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	33.1%
Return on equity	53.9%
Net Margin	150.0%
Next Earnings Update	25 Apr 2024

Recent past performance updates

Recent updates

Should You Be Adding First Citizens BancShares (NASDAQ:FCNC.A) To Your Watchlist Today?

Apr 17

With EPS Growth And More, First Citizens BancShares (NASDAQ:FCNC.A) Makes An Interesting Case

Dec 07

Need To Know: Analysts Are Much More Bullish On First Citizens BancShares, Inc. (NASDAQ:FCNC.A) Revenues

Feb 09

With EPS Growth And More, First Citizens BancShares (NASDAQ:FCNC.A) Is Interesting

Oct 20

These Analysts Think First Citizens BancShares, Inc.'s (NASDAQ:FCNC.A) Sales Are Under Threat

Aug 10

First Citizens BancShares, Inc.'s (NASDAQ:FCNC.A) CEO Will Probably Have Their Compensation Approved By Shareholders

Apr 21

Is Now The Time To Put First Citizens BancShares (NASDAQ:FCNC.A) On Your Watchlist?

Mar 23

Revenue & Expenses Breakdown
Beta

How First Citizens BancShares makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:FCNC.A Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	7,604	11,407	4,070
30 Sep 23	6,468	11,151	3,599
30 Jun 23	5,234	10,717	3,127
31 Mar 23	3,903	10,288	2,550
31 Dec 22	3,999	1,048	2,447
30 Sep 22	3,323	924	2,086
30 Jun 22	2,628	740	1,727
31 Mar 22	2,045	650	1,381
31 Dec 21	1,935	529	1,025
30 Sep 21	1,939	543	1,021
30 Jun 21	1,937	562	1,011
31 Mar 21	1,921	563	1,002
31 Dec 20	1,807	478	982
30 Sep 20	1,751	446	992
30 Jun 20	1,711	433	975
31 Mar 20	1,658	403	959
31 Dec 19	1,696	457	936
30 Sep 19	1,663	445	922
30 Jun 19	1,633	438	914
31 Mar 19	1,593	411	904
31 Dec 18	1,554	400	900
30 Sep 18	1,537	365	907
30 Jun 18	1,497	315	886
31 Mar 18	1,453	356	865
31 Dec 17	1,409	324	836
30 Sep 17	1,386	322	791
30 Jun 17	1,370	306	774
31 Mar 17	1,374	241	753
31 Dec 16	1,266	225	762
30 Sep 16	1,350	216	732
30 Jun 16	1,354	220	730
31 Mar 16	1,339	195	739
31 Dec 15	1,328	210	746
30 Sep 15	1,350	231	740
30 Jun 15	1,245	201	701
31 Mar 15	1,151	183	651
31 Dec 14	1,054	139	606
30 Sep 14	950	102	572
30 Jun 14	966	117	565
31 Mar 14	984	134	563
31 Dec 13	1,040	167	559
30 Sep 13	1,029	162	554
30 Jun 13	1,020	161	548

Quality Earnings: FCNC.A has a large one-off gain of $9.3B impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: FCNC.A's current net profit margins are higher than last year (26.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FCNC.A's earnings have grown significantly by 75.3% per year over the past 5 years.

Accelerating Growth: FCNC.A's earnings growth over the past year (988.5%) exceeds its 5-year average (75.3% per year).

Earnings vs Industry: FCNC.A earnings growth over the past year (988.5%) exceeded the Banks industry -10.1%.

Return on Equity

High ROE: Whilst FCNC.A's Return on Equity (53.95%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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First Citizens BancShares Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First Citizens BancShares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: EPS misses analyst expectations

First Citizens Bancshares, Inc. Announces Net Charge-Offs Fourth Quarter Ended December 31, 2023

First Citizens BancShares, Inc. to Report Q4, 2023 Results on Jan 26, 2024

Third quarter 2023 earnings released: EPS: US$50.73 (vs US$19.29 in 3Q 2022)

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Recent updates

First Citizens BancShares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Director recently sold US$4.7m worth of stock

First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).

First Citizens BancShares, Inc., Annual General Meeting, May 01, 2024

Vice Chairwoman notifies of intention to sell stock

Vice Chairwoman notifies of intention to sell stock

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$1.64 per share

Third quarter dividend of US$1.64 announced

First Citizens BancShares, Inc. Provides Net Interest Income Guidance for the First Quarter and Full Year of 2024

First Citizens BancShares, Inc. Provides Net Interest Income Guidance for the First Quarter and Full Year of 2024

First Citizens Bancshares, Inc. Announces Net Charge-Offs Fourth Quarter Ended December 31, 2023

First Citizens Bank Announces Appoints James Bennett as Executive Director of External Affairs

First Citizens BancShares, Inc. to Report Q4, 2023 Results on Jan 26, 2024

Vice Chairwoman recently sold US$978k worth of stock

Vice Chairwoman notifies of intention to sell stock

First Citizens BancShares, Inc. and First-Citizens Bank & Trust Company Appoint David G. Leitch to its Board of Directors and Audit Committee and Compensation, Nominations and Governance Committee, Effective January 1, 2024

Upcoming dividend of US$1.64 per share at 0.5% yield

Vice Chairwoman recently sold US$2.9m worth of stock

Vice Chairwoman notifies of intention to sell stock

First Citizens BancShares, Inc. Announces Demise of Floyd Keels, Member of Board of Directors

New major risk - Revenue and earnings growth

First Citizens BancShares, Inc. Declares Quarterly Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$50.73 (vs US$19.29 in 3Q 2022)

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.75 per share at 0.2% yield

Vice Chairwoman recently sold US$2.3m worth of stock

Price target increased by 10% to US$1,703

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Citizens BancShares, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Chairman & CEO recently sold US$4.6m worth of stock

Upcoming dividend of US$0.75 per share at 0.2% yield

Consensus EPS estimates increase by 16%, revenue downgraded

Price target increased by 16% to US$1,276

First Citizens BancShares, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2023

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Should You Be Adding First Citizens BancShares (NASDAQ:FCNC.A) To Your Watchlist Today?

Consensus EPS estimates increase by 40%

Consensus revenue estimates increase by 76%

Investor sentiment improves as stock rises 59%

Price target decreased by 11% to US$833

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.75 per share at 0.4% yield

First Citizens Bancshares, Inc. Declares Dividends on the Company's Class A and Class B Common Stock, Payable on March 15, 2023

Full year 2022 earnings: EPS misses analyst expectations

First Citizens BancShares, Inc. to Report Q4, 2022 Results on Jan 26, 2023

With EPS Growth And More, First Citizens BancShares (NASDAQ:FCNC.A) Makes An Interesting Case

CFO & Principal Accounting Officer recently bought US$53k worth of stock

Upcoming dividend of US$0.75 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Citizens BancShares, Inc. Announces Board Changes

First Citizens Bancshares, Inc. Declares Quarterly Dividend on Class A and Class B Common Stock, Payable on December 15, 2022

First Citizens BancShares, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Chief Credit Officer notifies of intention to sell stock

Upcoming dividend of US$0.47 per share

Chief Credit Officer recently sold US$553k worth of stock

First Citizens BancShares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Citizens BancShares, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.47 per share

Lead Independent Director recently bought US$502k worth of stock

Consensus forecasts updated

CFO & Principal Accounting Officer recently bought US$198k worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations

Price target decreased to US$894

First Citizens BancShares, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Price target decreased to US$894

Revenue & Expenses Breakdown
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