First Citizens Bancshares Past Earnings Performance
Past criteria checks 1/6
First Citizens Bancshares's earnings have been declining at an average annual rate of -1.4%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 0.7% per year. First Citizens Bancshares's return on equity is 8.3%, and it has net margins of 23.2%.
Key information
-1.4%
Earnings growth rate
-1.2%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 0.7% |
| Return on equity | 8.3% |
| Net Margin | 23.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
No 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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 70 | 16 | 44 | 0 |
| 30 Jun 24 | 69 | 16 | 44 | 0 |
| 31 Mar 24 | 70 | 16 | 44 | 0 |
| 31 Dec 23 | 72 | 19 | 44 | 0 |
| 30 Sep 23 | 74 | 20 | 44 | 0 |
| 30 Jun 23 | 78 | 23 | 44 | 0 |
| 31 Mar 23 | 81 | 25 | 44 | 0 |
| 31 Dec 22 | 83 | 27 | 44 | 0 |
| 30 Sep 22 | 85 | 28 | 44 | 0 |
| 30 Jun 22 | 85 | 29 | 44 | 0 |
| 31 Mar 22 | 84 | 28 | 44 | 0 |
| 31 Dec 21 | 82 | 27 | 44 | 0 |
| 30 Sep 21 | 80 | 26 | 41 | 0 |
| 30 Jun 21 | 77 | 24 | 41 | 0 |
| 31 Mar 21 | 74 | 22 | 41 | 0 |
| 31 Dec 20 | 72 | 22 | 41 | 0 |
| 30 Sep 20 | 72 | 21 | 41 | 0 |
| 30 Jun 20 | 71 | 21 | 41 | 0 |
| 31 Mar 20 | 71 | 20 | 41 | 0 |
| 31 Dec 19 | 70 | 19 | 42 | 0 |
| 30 Sep 19 | 69 | 18 | 41 | 0 |
| 30 Jun 19 | 68 | 17 | 41 | 0 |
| 31 Mar 19 | 69 | 17 | 41 | 0 |
| 31 Dec 18 | 69 | 18 | 42 | 0 |
| 30 Sep 18 | 69 | 18 | 37 | 0 |
| 30 Jun 18 | 69 | 18 | 37 | 0 |
| 31 Mar 18 | 68 | 18 | 37 | 0 |
| 31 Dec 17 | 67 | 17 | 39 | 0 |
| 30 Sep 17 | 67 | 17 | 36 | 0 |
| 30 Jun 17 | 66 | 17 | 36 | 0 |
| 31 Mar 17 | 65 | 16 | 36 | 0 |
| 31 Dec 16 | 65 | 16 | 38 | 0 |
| 30 Sep 16 | 63 | 16 | 35 | 0 |
| 30 Jun 16 | 63 | 16 | 35 | 0 |
| 31 Mar 16 | 63 | 16 | 35 | 0 |
| 31 Dec 15 | 62 | 16 | 35 | 0 |
| 30 Sep 15 | 62 | 15 | 30 | 0 |
| 30 Jun 15 | 59 | 14 | 30 | 0 |
| 31 Mar 15 | 56 | 13 | 23 | 0 |
| 31 Dec 14 | 54 | 14 | 30 | 0 |
| 30 Sep 14 | 52 | 14 | 28 | 0 |
| 30 Jun 14 | 52 | 14 | 27 | 0 |
| 31 Mar 14 | 52 | 14 | 27 | 0 |
| 31 Dec 13 | 51 | 14 | 26 | 0 |
Quality Earnings: FIZN has high quality earnings.
Growing Profit Margin: FIZN's current net profit margins (23.2%) are lower than last year (27.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FIZN's earnings have declined by 1.4% per year over the past 5 years.
Accelerating Growth: FIZN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FIZN had negative earnings growth (-19.2%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: FIZN's Return on Equity (8.3%) is considered low.