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First Citizens BancShares, Inc. (the Parent Company and when including all of its subsidiaries on a consolidated basis, BancShares, we, us, or our ) was incorporated under the laws of Delaware on August 7, 1986, to become the holding company of First-Citizens Bank & Trust Company ( FCB ), its banking subsidiary. FCB opened in 1898 as the Bank of Smithfield in Smithfield, North Carolina, and lat…
24.44% net margin is respectable. The institution appears to be managing its interest spread and credit risk adequately.
Revenue declined 3.2% YoY. For a bank, this often signals contracting loan book or reduced fee income.
Net income declined 21% YoY, profitability momentum has weakened.
Profitability & Returns
Revenue (TTM)
$9.12B
▼ -3.2% YoY
Net Income (TTM)
$2.26B
▼ -20.6% YoY
Net Margin
24.74%
P/E
—
Balance Sheet
Total Assets
$235.96B
Equity
$22.05B
Total Debt
$34.35B
Cash & Equiv.
$1.08B
3Y CAGR: +26.7%
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