First Citizens BancShares (FCNCA) Financial Statements & Analysis

First Citizens BancShares (FCNCA) Income Statement

First Citizens BancShares reported revenue of $14.50B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 3.0% from $14.94B a year earlier. Net income was $2.21B, down 20.6% year over year, a net margin of 15.2%. Gross margin was 61.4% and operating margin 20.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $2.45B, down 32.4% from the same quarter a year earlier.

First Citizens BancShares Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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First Citizens BancShares, Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	14.50	14.94	8.75	4.00	1.94	1.81	1.79	1.59	1.45
Cost of Revenue	5.59	5.64	5.05	1.11	0.02	0.15	0.12	0.07	0.07
Gross Profit	8.91	9.30	7.58	3.98	1.88	1.76	1.67	1.52	1.38
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	4.25	3.51	3.12	0.63	0.34	0.75	0.70	0.69	0.64
Operating Expenses	5.94	5.71	-4.49	2.62	1.17	1.14	1.07	1.02	0.84
Operating Income	2.97	3.59	12.08	1.36	0.70	0.62	0.59	0.50	0.54
Other Income/Expense
Interest Income	11.78	12.35	10.39	3.41	1.45	1.48	1.40	1.25	1.10
Interest Expense	4.96	5.21	3.68	0.47	0.06	0.10	0.09	0.04	0.04
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	2.97	3.59	12.08	1.36	0.70	0.62	0.59	0.50	0.54
Income Tax Expense	0.77	0.82	0.61	0.26	0.15	0.13	0.13	0.10	0.22
Net Income	2.21	2.78	11.47	1.05	0.53	0.49	0.46	0.40	0.32
Net Income - Continuous Operations	2.21	2.78	11.47	1.10	0.55	0.49	0.46	0.40	0.32
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	3.40	3.72	-0.06	0.53	0.14	0.75	0.72	0.62	0.66
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.43	0.13	0.43	0.37	0.14	0.13	0.13	0.12	0.11
Earnings Per Share
Basic EPS	166.00	189.00	785.00	67.00	54.00	48.00	41.00	34.00	27.00
Diluted EPS	166.00	189.00	785.00	67.00	54.00	48.00	41.00	34.00	27.00
Basic Shares Outstanding	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01
Diluted Shares Outstanding	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Citizens BancShares Financial Statements

What was First Citizens BancShares's revenue in fiscal 2025?

First Citizens BancShares reported revenue of $14.50B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 3.0% from $14.94B a year earlier.

Is First Citizens BancShares profitable?

Yes. First Citizens BancShares earned net income of $2.21B in fiscal 2025, a net margin of 15.2%. In fiscal 2024 it earned $2.78B.

What is First Citizens BancShares's operating margin?

First Citizens BancShares's operating income was $2.97B on revenue of $14.50B in fiscal 2025, an operating margin of 20.5%, compared with 24.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition