First Citizens BancShares, Inc. (FCNCA) financial statements (2020 and earlier)

Company profile

Business Address 4300 SIX FORKS ROAD
RALEIGH, NC 27609
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5671,3562,0361,7651,2171,3151,591
Cash and cash equivalents377289284269327263261
Short-term investments1,1901,0671,7521,4968901,0531,331
Total current assets:1,5671,3562,0361,7651,2171,3151,591
Noncurrent Assets
Property, plant and equipment1,2441,2231,2131,2041,2041,1671,168
Intangible assets, net (including goodwill)418362366303309281286
Goodwill349297297236236208208
Intangible assets, net (excluding goodwill)68657067727377
Amortization method qualified affordable housing project investments168   147152151
Total noncurrent assets:1,8301,5851,5801,5071,6601,6001,604
Other undisclosed assets36,42834,80834,04032,69032,53132,03931,894
TOTAL ASSETS:39,82437,74837,65535,96235,40934,95535,089
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt738522545509572688614
Total current liabilities:738522545509572688614
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1121815320297241
Other undisclosed long-term debt and lease obligation 1121815320297241
Total noncurrent liabilities: 1121815320297241
Other undisclosed liabilities35,50033,54533,51831,91531,02830,47030,786
Total liabilities:36,23834,18034,08032,43831,92031,45631,642
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5863,5683,5753,5233,4893,4993,447
Additional paid in capital44169304393494601659
Accumulated other comprehensive loss(127)(172)(181)(207)(235)(248)(245)
Retained earnings3,6583,5613,4403,3253,2193,1343,021
Other undisclosed stockholders' equity attributable to parent11111111121212
Total stockholders' equity:3,5863,5683,5753,5233,4893,4993,447
TOTAL LIABILITIES AND EQUITY:39,82437,74837,65535,96235,40934,95535,089

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues314323311297308277267
Net investment income314322311297 277267
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(8)(7)(5)(12)(12)(1)(8)
Gross profit:306317305286296276258
Operating expenses(210)(198)(198)(194)(193)(190)(188)
Operating income:97118108911038670
Interest and debt expense(27)(26)(23)(16)(39)(8)(8)
Income from continuing operations before equity method investments, income taxes:70928475647863
Other undisclosed income from continuing operations before income taxes62687170525660
Income from continuing operations before income taxes:132160156145116134123
Income tax expense(30)(35)(36)(33)(26)(16)(29)
Net income available to common stockholders, diluted:1021251191118911793

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1021251191118911793
Other comprehensive income (loss)459262812(3)(14)
Comprehensive income, net of tax, attributable to parent:14713414514010211479

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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