FCNCANasdaqState Commercial BanksFiscal year ends December 31Also trades as FCNCB, FCNCN, FCNCO, FCNCP
FIRST CITIZENS BANCSHARES INC /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$2096.87−26.87 (-1.27%)
Close on Oct 19, 2026
- Market cap
- $24.19B
- P/E (TTM)
- 11.2
- Dividend yield
- 0.38%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
23.1%−3.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.2% | +23.4% | +38.6% | +21.2% | |
| Net income | -20.6% | +26.2% | +35.0% | +26.5% | |
| EPS, diluted | -12.8% | +34.8% | +28.3% | – | |
| Free cash flow | -13.5% | -5.7% | +55.6% | +31.5% | |
| Dividend per share | +15.7% | +54.4% | +36.6% | +20.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.7% | 12.6% | 9.9% | |
| Return on assets | 0.7% | 1.1% | 1.0% | |
| Debt to equity | 0.48 | – | 1.62 | |
| Capex to revenue | 6.2% | 7.1% | 7.4% | |
| Diluted shares | 12M | 10M | 13M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Citizens Bancshares generated $11.65B from operations and spent $8.28B on capital expenditure, dividends and share buybacks. 22% of that went back into the business.
Generated
$11.65B
Used
$8.28B
Capital expenditure$1.81B22%Dividends$561.00M7%Share buybacks$5.92B71%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.1%
×Asset turnover0.04×
×Equity multiplier10.20×
=Return on equity, FY20259.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 23.1% | 0.04× | 10.20× | 9.9% |
| FY2024 | 28.5% | 0.04× | 10.06× | 12.8% |
| FY2023 | 61.0% | 0.12× | 10.45× | 74.2% |
| FY2022 | 21.6% | 0.06× | 11.64× | 15.3% |
| FY2021 | 28.8% | 0.04× | 12.07× | 12.2% |
| FY2020 | 26.4% | 0.04× | 11.49× | 12.6% |
| FY2019 | 26.5% | 0.05× | 10.63× | 12.9% |
| FY2018 | 24.9% | 0.05× | 10.25× | 11.7% |
| FY2017 | 20.5% | 0.05× | 10.64× | 10.2% |
| FY2016 | 17.1% | 0.04× | 10.96× | 7.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.21B
- Cash generatingOperating cash flow above zero$2.92B
- Return on assets improvedROA up on the prior year1.3% → 1.0%
- Earnings backed by cashOperating cash flow above net income$2.92B vs $2.21B
- Less leverageLong-term debt to assets fell16.4% → 15.6%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise14M → 13M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.05 → 0.04