First Citizens BancShares, Inc. (FCNCA) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8011,5671,2171,7242,4122,5972,329
Cash and cash equivalents362377327336540534604
Short-term investments4,4391,1908901,3881,8732,0631,725
Total current assets:4,8011,5671,2171,7242,4122,5972,329
Noncurrent Assets
Finance lease, right-of-use asset6 
Operating lease, right-of-use asset68 
Property, plant and equipment1,2511,2441,2041,1381,1331,1361,125
Intangible assets, net (including goodwill)401418309224229231230
Goodwill350349236151151140140
Intangible assets, net (excluding goodwill)51687273789190
Amortization method qualified affordable housing project investments16416814712811086
Total noncurrent assets:1,8911,8301,6601,4901,4711,4521,355
Other undisclosed assets43,26636,42832,53131,31329,10727,42726,391
TOTAL ASSETS:49,95839,82435,40934,52832,99131,47630,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt641738572694603595987
Total current liabilities:641738572694603595987
Noncurrent Liabilities
Long-term debt and lease obligation, including:  320870833704351
Other undisclosed long-term debt and lease obligation  320870833704351
Total noncurrent liabilities:  320870833704351
Other undisclosed liabilities45,08735,50031,02829,62928,54227,30526,049
Total liabilities:45,72836,23831,92031,19329,97828,60427,388
Stockholders' equity
Stockholders' equity attributable to parent, including:4,2293,5863,4893,3343,0122,8722,688
Preferred stock340      
Additional paid in capital 44494659659659659
Accumulated other comprehensive income (loss)12(127)(235)(122)(135)(64)(53)
Retained earnings3,8673,6583,2192,7852,4772,2662,070
Other undisclosed stockholders' equity attributable to parent10111212121212
Total stockholders' equity:4,2293,5863,4893,3343,0122,8722,688
TOTAL LIABILITIES AND EQUITY:49,95839,82435,40934,52832,99131,47630,075

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4001,2511,1091,4381,3251,2801,048
Net investment income1,3401,2441,095982891881704
Financial services revenue456434400326
Cost of revenue(8)(31)(28)(6)(5)(4)(2)
Provision for loan, lease, and other losses (31)(28)
Amortization of mortgage servicing rights (msrs)(8)  (6)(5)(4)(1)
Financial services costs   (1)
Gross profit:1,3911,2191,0801,4321,3201,2761,046
Operating expenses(857)(800)(762)(702)(641)(655)(554)
Operating income:535419319730679621492
Nonoperating income   13564315
Investment income, nonoperating   13564329
Losses on sales of other real estate      (14)
Interest and debt expense(96)(93)(37)(44)(43)(44)(48)
Income from continuing operations before equity method investments, income taxes:439327282821642620458
Other undisclosed income (loss) from continuing operations before income taxes179265222(278)(291)(287)(254)
Income from continuing operations before income taxes:618592504544351332204
Income tax expense(126)(135)(103)(220)(126)(122)(65)
Net income attributable to parent:492457400324225210139
Preferred stock dividends and other adjustments(14)      
Net income available to common stockholders, diluted:478457400324225210139

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:492457400324225210139
Other comprehensive income (loss)139108(63)13(71)(11)(28)
Comprehensive income, net of tax, attributable to parent:631566337337155199111

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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