First Citizens BancShares financials
$2,073.46−1.18%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.51B | $14.97B | $1.16B | $985.7M | $915.9M | $804.2M | $766.5M | $1.65B | $1.63B | $1.36B |
| Gross profit | $9.54B | $9.76B | $929.8M | $918.4M | $851.1M | $711.5M | $657.7M | $1.61B | $1.58B | $1.32B |
| Gross margin | 65.8% | 65.2% | 80.4% | 93.2% | 92.9% | 88.5% | 85.8% | 97.8% | 97.3% | 96.8% |
| Operating income | $2.97B | $3.59B | $397.4M | $447.6M | $427.8M | $116.3M | $239.4M | $503.6M | $543.7M | $351.1M |
| Net income | $2.15B | $2.72B | $302.9M | $305.1M | $277.3M | $99.6M | $164.7M | $400.3M | $323.8M | $225.5M |
| Net margin | 14.8% | 18.1% | 26.2% | 30.9% | 30.3% | 12.4% | 21.5% | 24.3% | 19.9% | 16.5% |
| Diluted EPS | $165.24 | $189.41 | $1.71 | $1.59 | $1.31 | $0.46 | $0.76 | $33.53 | $26.96 | $18.77 |
| EBITDA | $3.11B | $3.80B | $397.4M | $447.6M | $454.3M | $142.8M | $250.8M | $510.1M | $552.7M | $356.4M |
| Operating cash flow | $2.92B | $2.99B | $363.0M | $440.5M | $399.7M | $297.7M | $294.3M | $453.8M | $362.4M | $236.4M |
| Free cash flow | $1.65B | $1.70B | $344.8M | $421.2M | $387.2M | $282.2M | $273.4M | $315.0M | $280.7M | $154.6M |
| Diluted shares | 13.0M | 14.3M | 177.2M | 192.0M | 211.3M | 217.7M | 217.1M | 11.9M | 12.0M | 12.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $801.0M | $814.0M | $661.9M | $478.5M | $2.54B | $1.43B |
| Short-term investments | $61.60B | $65.61B | $5.63B | $6.09B | $6.66B | $4.93B |
| Total debt | $37.16B | $37.05B | $661.7M | $858.8M | $383.8M | $623.8M |
| Total assets | $229.70B | $223.72B | $18.91B | $18.63B | $20.79B | $18.79B |
| Total liabilities | $207.46B | $201.49B | $17.41B | $17.31B | $18.68B | $16.52B |
| Shareholders' equity | $22.24B | $22.23B | $1.50B | $1.33B | $2.10B | $2.28B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology