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First Citizens BancShares (FCNCA) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

First Citizens BancShares Revenue Highlights

Latest Revenue (Y)

$10.39B

Latest Revenue (Q)

$3.77B

Main Segment (Y)

Financial Service, Other

First Citizens BancShares Revenue by Period

First Citizens BancShares Revenue by Year

DateRevenueChange
2023-12-31$10.39B128.83%
2022-12-31$4.54B146.98%
2021-12-31$1.84B-1.41%
2020-12-31$1.86B7.97%
2019-12-31$1.73B7.34%
2018-12-31$1.61B2.74%
2017-12-31$1.57B9.76%
2016-12-31$1.43B5.77%
2015-12-31$1.35B28.42%
2014-12-31$1.05B4.66%
2013-12-31$1.00B-9.08%
2012-12-31$1.10B-6.83%
2011-12-31$1.18B53.04%
2010-12-31$774.24M-4.75%
2009-12-31$812.88M0.12%
2008-12-31$811.89M4.65%
2007-12-31$775.81M3.32%
2006-12-31$750.86M5.59%
2005-12-31$711.13M11.42%
2004-12-31$638.25M5.34%
2003-12-31$605.88M0.39%
2002-12-31$603.54M3.26%
2001-12-31$584.47M2.98%
2000-12-31$567.53M9.65%
1999-12-31$517.60M9.31%
1998-12-31$473.50M12.85%
1997-12-31$419.60M7.81%
1996-12-31$389.20M14.98%
1995-12-31$338.50M8.77%
1994-12-31$311.20M-0.45%
1993-12-31$312.60M-

First Citizens BancShares generated $10.39B in revenue during NA 2023, up 128.83% compared to the previous quarter, and up 645.79% compared to the same period a year ago.

First Citizens BancShares Revenue by Quarter

DateRevenueChange
2024-09-30$3.77B0.19%
2024-06-30$3.77B1.70%
2024-03-31$3.70B-0.75%
2023-12-31$3.73B46.99%
2023-09-30$2.54B1.16%
2023-06-30$2.51B99.84%
2023-03-31$1.26B4.23%
2022-12-31$1.21B0.42%
2022-09-30$1.20B251.91%
2022-06-30$341.00M3.96%
2022-03-31$328.00M-28.01%
2021-12-31$455.62M0.31%
2021-09-30$454.23M-2.55%
2021-06-30$466.12M-2.14%
2021-03-31$476.30M-1.89%
2020-12-31$485.48M2.37%
2020-09-30$474.23M-5.68%
2020-06-30$502.80M24.95%
2020-03-31$402.41M-6.75%
2019-12-31$431.52M-1.33%
2019-09-30$437.36M0.72%
2019-06-30$434.22M2.38%
2019-03-31$424.13M5.27%
2018-12-31$402.89M0.25%
2018-09-30$401.89M1.20%
2018-06-30$397.15M-9.23%
2018-03-31$437.55M5.46%
2017-12-31$414.92M4.10%
2017-09-30$398.56M2.97%
2017-06-30$387.08M5.87%
2017-03-31$365.62M-0.81%
2016-12-31$368.62M4.47%
2016-09-30$352.85M-4.41%
2016-06-30$369.15M9.77%
2016-03-31$336.30M1.95%
2015-12-31$329.85M-5.52%
2015-09-30$349.12M2.05%
2015-06-30$342.10M4.30%
2015-03-31$327.99M-7.27%
2014-12-31$353.72M45.20%
2014-09-30$243.61M5.42%
2014-06-30$231.08M4.04%
2014-03-31$222.11M-9.63%
2013-12-31$245.77M-2.12%
2013-09-30$251.10M2.69%
2013-06-30$244.52M-6.81%
2013-03-31$262.39M-11.77%
2012-12-31$297.40M11.30%
2012-09-30$267.20M-2.03%
2012-06-30$272.73M1.80%
2012-03-31$267.89M-22.94%
2011-12-31$347.66M18.60%
2011-09-30$293.14M6.98%
2011-06-30$274.02M1.65%
2011-03-31$269.57M-3.75%
2010-12-31$280.08M0.06%
2010-09-30$279.91M8.71%
2010-06-30$257.48M13.44%
2010-03-31$226.99M0.79%
2009-12-31$225.20M5.76%
2009-09-30$212.94M11.96%
2009-06-30$190.20M1.52%
2009-03-31$187.35M-4.58%
2008-12-31$196.34M-4.16%
2008-09-30$204.85M0.20%
2008-06-30$204.45M-0.87%
2008-03-31$206.25M4.08%
2007-12-31$198.16M-

First Citizens BancShares generated $3.77B in revenue during Q3 2024, up 0.19% compared to the previous quarter, and up 150.36% compared to the same period a year ago.

First Citizens BancShares Revenue Breakdown

First Citizens BancShares Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Credit and Debit Card$139.00M$102.00M$86.68M$74.29M$69.08M
Deposit Account$156.00M$100.00M$94.76M$87.66M$105.19M
Factoring Commissions$82.00M$104.00M---
Financial Service, Other$268.00M$163.00M$35.92M$39.59M$31.64M
Insurance Commissions$54.00M$47.00M$15.56M$14.54M$12.81M
International Fees$93.00M----
Merchant Services$48.00M$35.00M$33.14M$30.91M$24.30M
Asset Management$188.00M$142.00M$128.79M$102.78M$99.24M
ATM Income--$6.00M$5.76M$6.30M

First Citizens BancShares's latest annual revenue breakdown by segment (product or service), as of Dec 23: Financial Service, Other (26.07%), Asset Management (18.29%), Deposit Account (15.18%), Credit and Debit Card (13.52%), International Fees (9.05%), Factoring Commissions (7.98%), Insurance Commissions (5.25%), and Merchant Services (4.67%).

Quarterly Revenue by Product

Product/ServiceSep 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Financial Service, Other$81.00M$79.00M$70.00M$69.00M$50.00M$45.00M$44.00M$39.00M$33.00M$9.27M$9.21M$5.93M$12.99M$16.76M$7.89M$7.14M$7.79M$7.82M$8.24M$8.16M
Factoring Commissions$19.00M$22.00M$21.00M$20.00M$19.00M$26.00M$24.00M$27.00M$27.00M-----------
Asset Management$54.00M$46.00M$49.00M$51.00M$42.00M$35.00M$35.00M$37.00M$35.00M$32.90M$31.93M$21.88M$21.54M$27.62M$26.37M$22.37M$26.41M$24.45M$25.21M$24.57M
Credit and Debit Card$42.00M$36.00M$41.00M$41.00M$21.00M$26.00M$25.00M$26.00M$25.00M$21.37M$22.88M$22.47M$19.96M$18.79M$19.76M$17.59M$18.16M$18.01M$15.96M$18.48M
Deposit Account$45.00M$44.00M$44.00M$44.00M$24.00M$23.00M$21.00M$28.00M$28.00M$26.48M$24.86M$31.75M$32.20M$22.89M$20.84M$17.52M$26.41M$27.22M$27.11M$25.79M
Merchant Services$12.00M$12.00M$12.00M$14.00M$10.00M$8.00M$8.00M$9.00M$10.00M$7.28M$8.41M$8.53M$8.92M$12.90M$6.76M$5.36M$5.89M$5.98M$6.03M$6.46M
International Fees$29.00M$27.00M$34.00M$32.00M----------------
Insurance Commissions$14.00M$14.00M$13.00M$14.00M$13.00M$13.00M$11.00M$11.00M$3.85M$4.00M$3.70M$4.00M$4.09M$3.58M$3.19M$3.69M$3.71M$2.96M$2.85M-
ATM Income---------$1.47M$1.48M$1.57M$1.48M$1.40M$1.54M$1.40M$1.42M$1.52M$1.64M$1.63M
Mortgage Banking------------------$7.44M$5.04M

First Citizens BancShares's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Financial Service, Other (27.36%), Asset Management (18.24%), Deposit Account (15.20%), Credit and Debit Card (14.19%), International Fees (9.80%), Factoring Commissions (6.42%), Insurance Commissions (4.73%), and Merchant Services (4.05%).

First Citizens BancShares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TFCTruist Financial$33.25B$7.83B
USBU.S. Bancorp$28.01B$2.70B
FITBFifth Third Bancorp$12.64B$3.38B
KEYKeyCorp$10.40B$1.91B
FCNCAFirst Citizens BancShares$10.39B$3.77B
HBANHuntington Bancshares$8.92B$3.05B
CMAComerica$5.29B$982.00M
WALWestern Alliance Ban$4.33B$1.29B
ZIONZions Bancorporation, National Association$2.71B$1.28B
FHNFirst Horizon$1.39B$1.28B
PACWPacWest Bancorp$1.29B$143.32M
CFGCitizens Financial Group$24.12M$3.06B

FCNCA Revenue FAQ

What is First Citizens BancShares’s yearly revenue?

First Citizens BancShares's yearly revenue for 2023 was $10.39B, representing an increase of 128.83% compared to 2022. The company's yearly revenue for 2022 was $4.54B, representing an increase of 146.98% compared to 2021. FCNCA's yearly revenue for 2021 was $1.84B, representing a decrease of -1.41% compared to 2020.

What is First Citizens BancShares’s quarterly revenue?

First Citizens BancShares's quarterly revenue for Q3 2024 was $3.77B, a 0.19% increase from the previous quarter (Q2 2024), and a 48.64% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $3.77B, a 1.70% increase from the previous quarter (Q1 2024), and a 50.08% increase year-over-year (Q2 2023). FCNCA's quarterly revenue for Q1 2024 was $3.7B, a -0.75% decrease from the previous quarter (Q4 2023), and a 194.90% increase year-over-year (Q1 2023).

What is First Citizens BancShares’s revenue growth rate?

First Citizens BancShares's revenue growth rate for the last 3 years (2021-2023) was 465.16%, and for the last 5 years (2019-2023) was 501.60%.

What are First Citizens BancShares’s revenue streams?

First Citizens BancShares's revenue streams in c 23 are Credit and Debit Card, Deposit Account, Factoring Commissions, Financial Service, Other, Insurance Commissions, International Fees, Merchant Services, and Asset Management. Credit and Debit Card generated $139M in revenue, accounting 13.52% of the company's total revenue, up 36.27% year-over-year. Deposit Account generated $156M in revenue, accounting 15.18% of the company's total revenue, up 56.00% year-over-year. Factoring Commissions generated $82M in revenue, accounting 7.98% of the company's total revenue, down -21.15% year-over-year. Financial Service, Other generated $268M in revenue, accounting 26.07% of the company's total revenue, up 64.42% year-over-year. Insurance Commissions generated $54M in revenue, accounting 5.25% of the company's total revenue, up 14.89% year-over-year. International Fees generated $93M in revenue, accounting 9.05% of the company's total revenue Merchant Services generated $48M in revenue, accounting 4.67% of the company's total revenue, up 37.14% year-over-year. Asset Management generated $188M in revenue, accounting 18.29% of the company's total revenue, up 32.39% year-over-year.

What is First Citizens BancShares’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of First Citizens BancShares was Financial Service, Other. This segment made a revenue of $268M, representing 26.07% of the company's total revenue.