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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5671,2171,7242,4122,5972,3291,393
Cash and cash equivalents377327336540534604534
Short-term investments1,1908901,3881,8732,0631,725859
Total current assets:1,5671,2171,7242,4122,5972,3291,393
Noncurrent Assets
Property, plant and equipment1,2441,2041,1381,1331,1361,125877
Intangible assets, net (including goodwill)418309224229231230104
Goodwill349236151151140140103
Intangible assets, net (excluding goodwill)6872737891901
Amortization method qualified affordable housing project investments16814712811086
Total noncurrent assets:1,8301,6601,4901,4711,4521,355980
Other undisclosed assets36,42832,53131,31329,10727,42726,39118,826
TOTAL ASSETS:39,82435,40934,52832,99131,47630,07521,199
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt738572694603595987511
Total current liabilities:738572694603595987511
Noncurrent Liabilities
Long-term debt and lease obligation, including: 320870833704351511
Other undisclosed long-term debt and lease obligation 320870833704351511
Total noncurrent liabilities: 320870833704351511
Other undisclosed liabilities35,50031,02829,62928,54227,30526,04918,100
Total liabilities:36,23831,92031,19329,97828,60427,38819,122
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5863,4893,3343,0122,8722,6882,077
Additional paid in capital44494659659659659144
Accumulated other comprehensive loss(127)(235)(122)(135)(64)(53)(25)
Retained earnings3,6583,2192,7852,4772,2662,0701,949
Other undisclosed stockholders' equity attributable to parent11121212121210
Total stockholders' equity:3,5863,4893,3343,0122,8722,6882,077
TOTAL LIABILITIES AND EQUITY:39,82435,40934,52832,99131,47630,07521,199

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2511,1091,4381,3251,2801,04822
Revenue, net   1722
Net investment income1,2441,095982891881704 
Financial services revenue456434400326 
Cost of revenue(31)(28)(6)(5)(4)(2) 
Provision for loan, lease, and other losses(31)(28)
Amortization of mortgage servicing rights (msrs)  (6)(5)(4)(1) 
Financial services costs   (1) 
Gross profit:1,2191,0801,4321,3201,2761,04622
Operating expenses(800)(762)(702)(641)(655)(554)2
Operating income:41931973067962149223
Nonoperating income (expense)  13564315(7)
Investment income, nonoperating  13564329 
Losses on sales of other real estate     (14)(7)
Interest and debt expense(93)(37)(44)(43)(44)(48)(57)
Income (loss) from continuing operations before equity method investments, income taxes:327282821642620458(40)
Other undisclosed income (loss) from continuing operations before income taxes265222(278)(291)(287)(254)305
Income from continuing operations before income taxes:592504544351332204265
Income tax expense(135)(103)(220)(126)(122)(65)(97)
Net income available to common stockholders, diluted:457400324225210139168

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:457400324225210139168
Other comprehensive income (loss)108(63)13(71)(11)(28)57
Comprehensive income, net of tax, attributable to parent:566337337155199111225

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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