First Historical Income Statement
| FCNCA Stock | USD 1,689 19.47 1.17% |
Historical analysis of First Citizens income statement accounts such as Total Revenue of 12.2 B or Gross Profit of 8.5 B can show how well First Citizens BancShares performed in making a profits. Evaluating First Citizens income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Citizens's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Citizens BancShares latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Citizens BancShares is a good buy for the upcoming year.
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About First Income Statement Analysis
First Citizens BancShares Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Citizens shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
First Citizens Income Statement Chart
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Total Revenue
Total revenue comprises all receipts First Citizens BancShares generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of First Citizens BancShares minus its cost of goods sold. It is profit before First Citizens operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Citizens BancShares. It is also known as First Citizens overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from First Citizens' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Citizens BancShares current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Citizens BancShares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At present, First Citizens' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 3.2 B, whereas Depreciation And Amortization is projected to grow to (54.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 2.5B | 8.1B | 8.5B | Total Revenue | 1.8B | 4.5B | 11.6B | 12.2B |
First Citizens income statement Correlations
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First Citizens Account Relationship Matchups
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First Citizens income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 127.7M | 141.4M | 132.2M | 533M | (57M) | (54.2M) | |
| Interest Expense | 92.6M | 95.9M | 60.7M | 467M | 1.2B | 1.2B | |
| Selling General Administrative | 691.7M | 747.1M | 773.0M | 1.6B | 3.0B | 3.2B | |
| Total Revenue | 1.7B | 1.9B | 1.8B | 4.5B | 11.6B | 12.2B | |
| Gross Profit | 1.7B | 1.9B | 1.8B | 2.5B | 8.1B | 8.5B | |
| Other Operating Expenses | 1.1B | 1.2B | 1.1B | 110M | 9.3B | 9.8B | |
| Operating Income | 592.0M | 617.9M | 701.7M | 2.8B | 971M | 1.0B | |
| Ebit | 592.0M | 617.9M | 701.7M | 2.8B | 1.0B | 1.1B | |
| Ebitda | 719.7M | 759.3M | 833.8M | 3.3B | 971M | 1.0B | |
| Total Operating Expenses | (1.1B) | (1.2B) | (1.1B) | 110M | 970M | 1.0B | |
| Income Before Tax | 592.0M | 617.9M | 701.7M | 1.4B | 12.1B | 12.7B | |
| Total Other Income Expense Net | 592.0M | 617.9M | 701.7M | (1.4B) | 12.1B | 12.7B | |
| Net Income | 457.4M | 492M | 547M | 1.1B | 11.5B | 12.0B | |
| Income Tax Expense | 134.7M | 126.2M | 154.2M | 264M | 611M | 641.6M | |
| Net Income Applicable To Common Shares | 457.4M | 477.7M | 528.9M | 1.0B | 1.2B | 1.3B | |
| Selling And Marketing Expenses | 11.4M | 10.0M | 9.8M | 53M | 102M | 107.1M | |
| Net Income From Continuing Ops | 457.4M | 491.7M | 547.5M | 1.1B | 11.2B | 11.8B | |
| Tax Provision | 134.7M | 126.2M | 154.2M | 264M | 547M | 574.4M | |
| Net Interest Income | 1.3B | 1.4B | 1.4B | 2.9B | 5.6B | 5.9B | |
| Interest Income | 1.4B | 1.5B | 1.5B | 3.4B | 8.3B | 8.7B | |
| Reconciled Depreciation | 127.7M | 141.4M | 132.2M | 533M | 122M | 202.8M |
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Additional Information and Resources on Investing in First Stock
When determining whether First Citizens BancShares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Citizens' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Citizens Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Citizens Bancshares Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Citizens BancShares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Citizens. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Citizens listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 4.78 | Earnings Share 180.16 | Revenue Per Share 652.739 | Quarterly Revenue Growth 3.745 |
The market value of First Citizens BancShares is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Citizens' value that differs from its market value or its book value, called intrinsic value, which is First Citizens' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Citizens' market value can be influenced by many factors that don't directly affect First Citizens' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Citizens' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Citizens is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Citizens' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.