Saturday 17 October 2026 Export FCNCA’s income statement to Excel — free account

First Citizens BancShares, Inc.

First Citizens BancShares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, down 3.09% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 31.1%, free cash flow grew 28.7% and total debt fell 14.9%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

2,123.74 26.54 +1.27%

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Market cap: $23.3B
P/E: 11.4×
Fwd P/E: 11.8×
Dividend yield: 0.40%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 13.61

Total sells 15.55

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	2	—	—	—	3	—	1	4	—	1	—	—
Sell	—	—	—	—	—	—	1	1	—	—	1	—

Insider Ownership 38.11%

Capital & Financial Ratios $m

Market Cap 23,260.00

Revenue 14,457.00

Net Income 2,354.00

Free Cash Flow 2,502.00

Net Debt 8,648.00

Current Ratio 1.00

Debt/Equity 1.46

P/E ratio 11.35

Fwd P/E 11.80

P/S ratio 1.69

P/B ratio 1.22

Past 5Y EPS Growth 28.32%

This Y EPS Growth 10.00%

Next Y EPS Growth 3.40%

Next Y revenue growth (38.81%)

Next 5Y EPS Growth 7.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 31.33%

10-year low 10-year high

P/S against its own 10 years 19.13%

10-year low 10-year high

P/B against its own 10 years 38.30%

10-year low 10-year high

Dividends

Payout Ratio 0.04

Annual Dividend Rate 8.40

Annual Dividend Yield 0.40%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	8.47	2.10 2.10 2.10
2025	7.95	1.95 1.95 1.95 2.10
2024	6.87	1.64 1.64 1.64 1.95
2023	3.89	0.75 0.75 0.75 1.64
2022	2.16	0.47 0.47 0.47 0.75
2021	1.88	0.47 0.47 0.47 0.47
2020	1.67	0.40 0.40 0.40 0.47
2019	1.60	0.40 0.40 0.40 0.40
2018	1.45	0.35 0.35 0.35 0.40
2017	1.25	0.30 0.30 0.30 0.35
2016	1.20	0.30 0.30 0.30 0.30

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	34,990	22,336	20,834	23,388
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	166,545	160,881	167,198	172,938

	2023	2024	2025	Q'26
Payables	145,854	155,229	161,578	173,427
ST’ Debt	—	—	—	—
Other	—	—	—	—
	146,339	155,596	161,802	173,579

Compound Annual Growth %

	10y	5y	3y
Sales	26.02%	49.21%	37.75%
Cash Flow	28.78%	50.71%	1.55%
Earnings	26.16%	35.07%	27.05%
Book Value	22.71%	39.37%	32.03%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,478	3,627	—	—	—
’25	3,530	3,623	3,697	3,655	14,505
’24	3,711	3,769	3,788	3,700	14,968
’23	11,470	3,611	3,725	3,660	22,466
’22	1,560	1,181	1,339	1,469	5,549
’21	492	495	487	485	1,959
’20	434	529	495	504	1,961

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	172	1,043	—	—	—
’25	98	859	916	1,050	2,923
’24	461	417	991	1,119	2,988
’23	(362)	916	1,205	901	2,660
’22	577	654	506	1,054	2,791
’21	126	(691)	154	127	(284)
’20	18	83	115	160	376

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	46	952	—	—	—
’25	(2)	740	688	816	2,242
’24	374	320	890	994	2,578
’23	(403)	839	1,141	697	2,274
’22	573	653	481	990	2,697
’21	112	(706)	142	103	(349)
’20	(4)	51	90	135	272

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	42.63	55.52	—	—	—
’25	34.47	42.36	43.08	45.81	165.24
’24	49.26	47.54	43.42	49.21	189.41
’23	653.64	45.87	50.67	34.33	784.51
’22	16.70	14.86	19.25	16.67	67.40
’21	14.53	15.09	12.17	12.09	53.88
’20	5.46	14.74	14.03	13.59	47.50

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	217.41	319.40	355.18	371.30	276.08	558.44	598.01	505.84	1,363.97	1,473.62	Analyst estimates 2026–2028 Powerpack
	High	367.00	436.00	488.44	542.12	615.88	915.40	947.71	1,528.12	2,388.78	2,412.93
People
People	Employees	6,296	6,799	6,683	7,176	6,722	6,846	10,684	16,021	17,475	18,141
	Revenue/emp, $m	0.22	0.24	0.25	0.25	0.29	0.29	0.52	1.40	0.86	0.80
Income, $m
Income, $m	Revenue	1,365	1,626	1,646	1,820	1,961	1,959	5,549	22,466	14,968	14,505
	Gross margin, %	96.84	97.31	97.76	94.91	95.10	96.89	91.58	83.62	65.19	65.78
	EBT	351	544	504	592	618	701	1,362	12,077	3,592	2,971
	EBT margin, %	25.72	33.44	30.60	32.53	31.51	35.78	24.54	53.76	24.00	20.48
	Net income	225	324	400	457	492	547	1,098	11,466	2,777	2,206
	Depreciation	66	74	88	100	133	143	533	(57)	130	405
Per share, $
Per share, $	Revenue	113.64	135.36	137.87	163.35	194.99	199.56	357.26	1,546.40	1,043.66	1,115.55
	Earnings	18.77	26.96	33.53	41.05	47.50	53.88	67.47	785.14	189.42	165.24
	Cash flow	19.19	29.58	38.01	51.90	37.39	(28.93)	179.69	183.10	208.34	224.80
	Capex	2.56	(3.42)	(9.26)	(8.53)	(10.34)	(6.62)	(6.05)	(26.57)	(28.59)	(52.37)
	Free cash flow	21.75	26.16	28.75	43.37	27.05	(35.55)	173.64	156.53	179.75	172.43
	Book value	250.83	277.61	292.26	321.89	420.53	482.66	622.07	1,463.05	1,549.86	1,710.29
	Shares, m	12	12	12	11	10	10	16	15	14	13
Valuation, ×
Valuation, ×	P/E	18.90	15.01	11.24	12.96	12.01	15.40	11.13	1.83	11.15	12.95
	P/S	3.12	2.99	2.73	3.26	2.95	4.16	2.10	0.93	2.02	1.92
	P/B	1.42	1.46	1.29	1.65	1.48	1.85	1.33	1.03	1.42	1.34
	EV/Sales	1.97	2.46	2.17	2.76	0.88	(0.06)	1.91	1.03	2.98	2.95
	EV/FCF	14.62	12.74	10.40	10.38	6.33	0.32	3.93	10.15	17.32	19.11
Cash, $m
Cash, $m	Operating cash flow	231	355	454	578	376	(284)	2,791	2,660	2,988	2,923
	Capex	31	(41)	(111)	(95)	(104)	(65)	(94)	(386)	(410)	(681)
	Free cash flow	261	314	343	483	272	(349)	2,697	2,274	2,578	2,242
Balance, $m
Balance, $m	Working capital	(4,759)	(4,810)	(4,901)	(4,977)	(7,264)	(10,348)	(16,192)	20,206	5,285	5,396
	Total debt	833	870	194	572	655	1,195	4,459	37,169	36,684	35,784
	Net debt	(1,579)	(854)	(931)	(912)	(4,054)	(8,258)	(1,084)	2,179	14,348	14,950
	Shareholders’ equity	3,012	3,334	3,489	3,586	4,229	4,738	9,662	21,255	22,228	22,238
Returns, %
Returns, %	ROA	0.70	0.96	1.14	1.22	1.06	0.98	1.25	7.06	1.24	0.95
	ROIC	16.37	14.57	13.20	14.93	242.78	0.00	12.36	34.01	6.89	5.68
	ROE	7.66	10.20	11.73	12.93	12.79	12.77	15.90	78.25	13.02	10.18

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BAP Credicorp Ltd.	$30.9B	14.5×	10.9×	+12.23% (above 0%: growing)	+16.83% (above 0%: growing)	+76.09% (above 0%: growing)	82.34%	0.00%	Compare
BBDO Banco Bradesco SA	$28.5B	8.6×	—	+32.31% (above 0%: growing)	+30.00% (above 0%: growing)	−266.98% (below 0%: shrinking)	36.36%	0.00%	Compare
CFG Citizens Financial Group, Inc.	$26.7B	13.6×	12.3×	+6.25% (above 0%: growing)	+40.86% (above 0%: growing)	−17.35% (below 0%: shrinking)	71.46%	0.00%	Compare
RF Regions Financial Corporation	$23.3B	11.1×	10.9×	−2.14% (below 0%: shrinking)	+8.47% (above 0%: growing)	−39.63% (below 0%: shrinking)	80.19%	0.00%	Compare
FCNCA First Citizens BancShares, Inc.	$23.3B	11.4×	11.8×	+0.11% (above 0%: growing)	+31.07% (above 0%: growing)	+28.65% (above 0%: growing)	67.05%	0.00%
BBD Banco Bradesco SA	$22.5B	9.4×	6.5×	+32.31% (above 0%: growing)	+30.00% (above 0%: growing)	−266.98% (below 0%: shrinking)	36.36%	0.00%	Compare
KEY KeyCorp	$21.3B	11.5×	11.9×	−1.14% (below 0%: shrinking)	+25.71% (above 0%: growing)	−80.76% (below 0%: shrinking)	70.74%	0.00%	Compare
BSBR Banco Santander Brasil SA	$20.9B	7.4×	—	+14.98% (above 0%: growing)	−5.56% (below 0%: shrinking)	+274.78% (above 0%: growing)	40.57%	0.00%	Compare
BCH Banco De Chile	$19.8B	14.7×	13.3×	+14.73% (above 0%: growing)	+34.37% (above 0%: growing)	−141.88% (below 0%: shrinking)	79.35%	0.00%	Compare
Median of peers	$22.9B	11.3×	11.4×	+13.48%	+27.85%	−60.19%	71.10%	0.00%

All 323 Banks Regional stocks →

First Citizens BancShares, Inc. (FCNCA) key facts

Concern: First Citizens BancShares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, down 3.09% from fiscal 2024.
Concern: Net income was $2.2 billion, or $165.24 per share (basic), a net margin of 14.8%.
First Citizens BancShares, Inc. (FCNCA) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, FCNCA traded at $2,123.74, a market capitalization of $23.3 billion.
At that price the stock trades at 11.4× trailing-twelve-month earnings and 1.7× sales; its P/E is higher than 31% of its own readings over the past ten years.
First Citizens BancShares, Inc. pays an annual dividend of $8.40 per share, a yield of 0.40%, with a payout ratio of 4.49%.
Return on equity was 10.2% and debt-to-equity 1.46.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.