First Citizens BancShares Past Earnings Performance
Past criteria checks 2/6
First Citizens BancShares has been growing earnings at an average annual rate of 53.4%, while the Banks industry saw earnings growing at 6.9% annually. Revenues have been growing at an average rate of 42% per year. First Citizens BancShares's return on equity is 11.4%, and it has net margins of 27%.
Key information
53.4%
Earnings growth rate
49.8%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 42.0% |
| Return on equity | 11.4% |
| Net Margin | 27.0% |
| Last Earnings Update | 30 Sep 2024 |
Revenue & Expenses Breakdown
How First Citizens BancShares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 9,364 | 2,530 | 4,732 | 0 |
| 30 Jun 24 | 9,436 | 2,643 | 4,623 | 0 |
| 31 Mar 24 | 9,484 | 2,619 | 4,704 | 0 |
| 31 Dec 23 | 7,604 | 11,407 | 4,273 | 0 |
| 30 Sep 23 | 6,468 | 11,151 | 3,695 | 0 |
| 30 Jun 23 | 5,234 | 10,717 | 3,226 | 0 |
| 31 Mar 23 | 3,903 | 10,288 | 2,679 | 0 |
| 31 Dec 22 | 3,999 | 1,048 | 2,550 | 0 |
| 30 Sep 22 | 3,323 | 924 | 2,086 | 0 |
| 30 Jun 22 | 2,628 | 740 | 1,727 | 0 |
| 31 Mar 22 | 2,045 | 650 | 1,381 | 0 |
| 31 Dec 21 | 1,935 | 529 | 1,085 | 0 |
| 30 Sep 21 | 1,939 | 543 | 1,021 | 0 |
| 30 Jun 21 | 1,937 | 562 | 1,011 | 0 |
| 31 Mar 21 | 1,921 | 563 | 1,002 | 0 |
| 31 Dec 20 | 1,807 | 478 | 982 | 0 |
| 30 Sep 20 | 1,751 | 446 | 992 | 0 |
| 30 Jun 20 | 1,711 | 433 | 975 | 0 |
| 31 Mar 20 | 1,658 | 403 | 959 | 0 |
| 31 Dec 19 | 1,696 | 457 | 936 | 0 |
| 30 Sep 19 | 1,663 | 445 | 922 | 0 |
| 30 Jun 19 | 1,633 | 438 | 914 | 0 |
| 31 Mar 19 | 1,593 | 411 | 904 | 0 |
| 31 Dec 18 | 1,554 | 400 | 900 | 0 |
| 30 Sep 18 | 1,537 | 365 | 907 | 0 |
| 30 Jun 18 | 1,497 | 315 | 886 | 0 |
| 31 Mar 18 | 1,453 | 356 | 865 | 0 |
| 31 Dec 17 | 1,409 | 324 | 836 | 0 |
| 30 Sep 17 | 1,386 | 322 | 791 | 0 |
| 30 Jun 17 | 1,370 | 306 | 774 | 0 |
| 31 Mar 17 | 1,374 | 241 | 753 | 0 |
| 31 Dec 16 | 1,266 | 225 | 762 | 0 |
| 30 Sep 16 | 1,350 | 216 | 732 | 0 |
| 30 Jun 16 | 1,354 | 220 | 730 | 0 |
| 31 Mar 16 | 1,339 | 195 | 739 | 0 |
| 31 Dec 15 | 1,328 | 210 | 746 | 0 |
| 30 Sep 15 | 1,350 | 231 | 740 | 0 |
| 30 Jun 15 | 1,245 | 201 | 701 | 0 |
| 31 Mar 15 | 1,151 | 183 | 651 | 0 |
| 31 Dec 14 | 1,054 | 139 | 606 | 0 |
| 30 Sep 14 | 950 | 102 | 572 | 0 |
| 30 Jun 14 | 966 | 117 | 565 | 0 |
| 31 Mar 14 | 984 | 134 | 563 | 0 |
| 31 Dec 13 | 1,040 | 167 | 559 | 0 |
Quality Earnings: FCNC.A has high quality earnings.
Growing Profit Margin: FCNC.A's current net profit margins (27%) are lower than last year .
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FCNC.A's earnings have grown significantly by 53.4% per year over the past 5 years.
Accelerating Growth: FCNC.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCNC.A had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: FCNC.A's Return on Equity (11.4%) is considered low.