First Citizens BancShares, Inc. (FCNCA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,2424,8011,5671,2171,7242,4122,597
Cash and cash equivalents9,030362377327336540534
Short-term investments9,2124,4391,1908901,3881,8732,063
Total current assets:18,2424,8011,5671,2171,7242,4122,597
Noncurrent Assets
Finance lease, right-of-use asset46 
Operating lease, right-of-use asset6368 
Property, plant and equipment1,2331,2511,2441,2041,1381,1331,136
Long-term investments and receivables40      
Long-term investments40      
Intangible assets, net (including goodwill)389401418309224229231
Goodwill346350349236151151140
Intangible assets, net (excluding goodwill)43516872737891
Amortization method qualified affordable housing project investments15716416814712811086
Total noncurrent assets:1,8871,8911,8301,6601,4901,4711,452
Other undisclosed assets38,17943,26636,42832,53131,31329,10727,427
TOTAL ASSETS:58,30849,95839,82435,40934,52832,99131,476
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt589641738572694603595
Total current liabilities:589641738572694603595
Noncurrent Liabilities
Long-term debt and lease obligation, including:   320870833704
Other undisclosed long-term debt and lease obligation   320870833704
Total noncurrent liabilities:   320870833704
Other undisclosed liabilities52,98245,08735,50031,02829,62928,54227,305
Total liabilities:53,57145,72836,23831,92031,19329,97828,604
Stockholders' equity
Stockholders' equity attributable to parent, including:4,7374,2293,5863,4893,3343,0122,872
Preferred stock340340     
Additional paid in capital  44494659659659
Accumulated other comprehensive income (loss)1012(127)(235)(122)(135)(64)
Retained earnings4,3783,8673,6583,2192,7852,4772,266
Other undisclosed stockholders' equity attributable to parent10101112121212
Total stockholders' equity:4,7374,2293,5863,4893,3343,0122,872
TOTAL LIABILITIES AND EQUITY:58,30849,95839,82435,40934,52832,99131,476

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,3061,4001,2511,1091,4381,3251,280
Net investment income1,3061,3401,2441,095982891881
Financial services revenue456434400
Cost of revenue(9)(8)(31)(28)(6)(5)(4)
Provision for loan, lease, and other losses  (31)(28)
Amortization of mortgage servicing rights (msrs)(9)(8)  (6)(5)(4)
Gross profit:1,2971,3911,2191,0801,4321,3201,276
Operating expenses(905)(857)(800)(762)(702)(641)(655)
Operating income:392535419319730679621
Nonoperating income
(Investment Income, Nonoperating)
    135643
Interest and debt expense(61)(96)(93)(37)(44)(43)(44)
Income from continuing operations before equity method investments, income taxes:331439327282821642620
Other undisclosed income (loss) from continuing operations before income taxes371179265222(278)(291)(287)
Income from continuing operations before income taxes:702618592504544351332
Income tax expense(154)(126)(135)(103)(220)(126)(122)
Net income attributable to parent:547492457400324225210
Preferred stock dividends and other adjustments(19)(14)     
Net income available to common stockholders, diluted:529478457400324225210

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:547492457400324225210
Other comprehensive income (loss)(2)139108(63)13(71)(11)
Comprehensive income, net of tax, attributable to parent:545631566337337155199

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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