FIRST CITIZENS BANCSHARES INC DE
For the period ended Aug 14, 2024. Filed Aug 14, 2024.
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Aug 14, 2024 · Filed Aug 14, 2024
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FCNCA$2,273.74-1.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Selected Financial Data
Selected Financial Data
| dollars in millions, except share data | Year Ended December 31, | ||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Results of Operations: | |||
| Interest income | $10,391 | $3,413 | $1,451 |
| Interest expense | 3,679 | 467 | 61 |
| Net interest income | 6,712 | 2,946 | 1,390 |
| Provision (benefit) for credit losses | 1,375 | 645 | (37) |
| Net interest income after provision for credit losses | 5,337 | 2,301 | 1,427 |
| Noninterest income | 12,075 | 2,136 | 508 |
| Noninterest expense | 5,335 | 3,075 | 1,234 |
| Income before income taxes | 12,077 | 1,362 | 701 |
| Income tax expense | 611 | 264 | 154 |
| Net income | 11,466 | 1,098 | 547 |
| Preferred stock dividends | 59 | 50 | 18 |
| Net income available to common stockholders | $11,407 | $1,048 | $529 |
| Per Common Share Information: | |||
| Average diluted common shares outstanding | 14,539,613 | 15,549,944 | 9,816,405 |
| Earnings per diluted common share | $784.51 | $67.40 | $53.88 |
| Key Performance Metrics: | |||
| Return on average assets | 5.90% | 1.01% | 1.00% |
| Net interest margin (1) | 3.92 | 3.16 | 2.68 |
| Select Average Balances: | |||
| Investment securities | $23,112 | $19,166 | $10,611 |
| Total loans and leases (2) | 119,234 | 67,787 | 32,860 |
| Operating lease equipment, net | 8,495 | 7,982 | — |
| Total assets | 194,281 | 108,915 | 54,983 |
| Total deposits | 130,590 | 89,916 | 48,258 |
| Total stockholders’ equity | 17,937 | 10,276 | 4,461 |
| Select Ending Balances: | |||
| Investment securities | $29,999 | $19,369 | $13,110 |
| Total loans and leases | 133,302 | 70,781 | 32,372 |
| Operating lease equipment, net | 8,746 | 8,156 | — |
| Total assets | 213,758 | 109,298 | 58,309 |
| Total deposits | 145,854 | 89,408 | 51,406 |
| Total stockholders’ equity | 21,255 | 9,662 | 4,738 |
| Loan to deposit ratio | 91.39% | 79.17% | 62.97% |
| Noninterest-bearing deposits to total deposits | 27.29 | 27.87 | 41.64 |
| Capital Ratios: | |||
| Common equity Tier 1 | 13.36% | 10.08% | 11.50% |
| Tier 1 risk-based capital | 13.94 | 11.06 | 12.47 |
| Total risk-based capital | 15.75 | 13.18 | 14.35 |
| Tier 1 leverage | 9.83 | 8.99 | 7.59 |
| Asset Quality: | |||
| Ratio of nonaccrual loans to total loans | 0.73% | 0.89% | 0.37% |
| Allowance for loan and lease losses to loans ratio | 1.31 | 1.30 | 0.55 |
| Net charge off ratio | 0.47 | 0.12 | 0.03 |
(1)Calculated net of average credit balances and deposits of factoring clients.
(2)Average loan balances include loans held for sale and nonaccrual loans.
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