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 7.1% 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
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How First Citizens BancShares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NasdaqGS:FCNC.O Revenue, expenses and earnings (USD Millions)
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.O has high quality earnings.
Growing Profit Margin: FCNC.O's current net profit margins (27%) are lower than last year .
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FCNC.O's earnings have grown significantly by 53.4% per year over the past 5 years.
Accelerating Growth: FCNC.O'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.O had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Banks industry average (-12.2%).
Return on Equity
High ROE: FCNC.O's Return on Equity (11.4%) is considered low.