First Citizens BancShares (FCNCA) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $10.39B | 128.83% |
| 2022-12-31 | $4.54B | 146.98% |
| 2021-12-31 | $1.84B | -1.41% |
| 2020-12-31 | $1.86B | 7.97% |
| 2019-12-31 | $1.73B | 7.34% |
| 2018-12-31 | $1.61B | 2.74% |
| 2017-12-31 | $1.57B | 9.76% |
| 2016-12-31 | $1.43B | 5.77% |
| 2015-12-31 | $1.35B | 28.42% |
| 2014-12-31 | $1.05B | 4.66% |
| 2013-12-31 | $1.00B | -9.08% |
| 2012-12-31 | $1.10B | -6.83% |
| 2011-12-31 | $1.18B | 53.04% |
| 2010-12-31 | $774.24M | -4.75% |
| 2009-12-31 | $812.88M | 0.12% |
| 2008-12-31 | $811.89M | 4.65% |
| 2007-12-31 | $775.81M | 3.32% |
| 2006-12-31 | $750.86M | 5.59% |
| 2005-12-31 | $711.13M | 11.42% |
| 2004-12-31 | $638.25M | 5.34% |
| 2003-12-31 | $605.88M | 0.39% |
| 2002-12-31 | $603.54M | 3.26% |
| 2001-12-31 | $584.47M | 2.98% |
| 2000-12-31 | $567.53M | 9.65% |
| 1999-12-31 | $517.60M | 9.31% |
| 1998-12-31 | $473.50M | 12.85% |
| 1997-12-31 | $419.60M | 7.81% |
| 1996-12-31 | $389.20M | 14.98% |
| 1995-12-31 | $338.50M | 8.77% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $3.77B | 1.70% |
| 2024-03-31 | $3.70B | -0.75% |
| 2023-12-31 | $3.73B | 46.99% |
| 2023-09-30 | $2.54B | 1.16% |
| 2023-06-30 | $2.51B | 99.84% |
| 2023-03-31 | $1.26B | 4.23% |
| 2022-12-31 | $1.21B | 309.86% |
| 2022-09-30 | $294.00M | -13.78% |
| 2022-06-30 | $341.00M | 3.96% |
| 2022-03-31 | $328.00M | -28.01% |
| 2021-12-31 | $455.62M | 0.31% |
| 2021-09-30 | $454.23M | -2.55% |
| 2021-06-30 | $466.12M | -2.14% |
| 2021-03-31 | $476.30M | -1.89% |
| 2020-12-31 | $485.48M | 2.37% |
| 2020-09-30 | $474.23M | -5.68% |
| 2020-06-30 | $502.80M | 24.95% |
| 2020-03-31 | $402.41M | -6.75% |
| 2019-12-31 | $431.52M | -1.33% |
| 2019-09-30 | $437.36M | 0.72% |
| 2019-06-30 | $434.22M | 2.38% |
| 2019-03-31 | $424.13M | 5.27% |
| 2018-12-31 | $402.89M | 0.25% |
| 2018-09-30 | $401.89M | 1.20% |
| 2018-06-30 | $397.15M | -9.23% |
| 2018-03-31 | $437.55M | 5.46% |
| 2017-12-31 | $414.92M | 4.10% |
| 2017-09-30 | $398.56M | 2.97% |
| 2017-06-30 | $387.08M | 5.87% |
| 2017-03-31 | $365.62M | -0.81% |
| 2016-12-31 | $368.62M | 4.47% |
| 2016-09-30 | $352.85M | -4.41% |
| 2016-06-30 | $369.15M | 9.77% |
| 2016-03-31 | $336.30M | 1.95% |
| 2015-12-31 | $329.85M | -5.52% |
| 2015-09-30 | $349.12M | 2.05% |
| 2015-06-30 | $342.10M | 4.30% |
| 2015-03-31 | $327.99M | -7.27% |
| 2014-12-31 | $353.72M | 45.20% |
| 2014-09-30 | $243.61M | 5.42% |
| 2014-06-30 | $231.08M | 4.04% |
| 2014-03-31 | $222.11M | -9.63% |
| 2013-12-31 | $245.77M | -2.12% |
| 2013-09-30 | $251.10M | 2.69% |
| 2013-06-30 | $244.52M | -6.81% |
| 2013-03-31 | $262.39M | -11.77% |
| 2012-12-31 | $297.40M | 11.30% |
| 2012-09-30 | $267.20M | -2.03% |
| 2012-06-30 | $272.73M | 1.80% |
| 2012-03-31 | $267.89M | -22.94% |
| 2011-12-31 | $347.66M | 18.60% |
| 2011-09-30 | $293.14M | 6.98% |
| 2011-06-30 | $274.02M | 1.65% |
| 2011-03-31 | $269.57M | -3.75% |
| 2010-12-31 | $280.08M | 0.06% |
| 2010-09-30 | $279.91M | 8.71% |
| 2010-06-30 | $257.48M | 13.44% |
| 2010-03-31 | $226.99M | 0.79% |
| 2009-12-31 | $225.20M | 5.76% |
| 2009-09-30 | $212.94M | 11.96% |
| 2009-06-30 | $190.20M | 1.52% |
| 2009-03-31 | $187.35M | -4.58% |
| 2008-12-31 | $196.34M | -4.16% |
| 2008-09-30 | $204.85M | 0.20% |
| 2008-06-30 | $204.45M | -0.87% |
| 2008-03-31 | $206.25M | 4.08% |
| 2007-12-31 | $198.16M | - |
First Citizens BancShares generated $3.77B in revenue during Q2 2024, up 1.70% compared to the previous quarter, and up 299.92% 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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/Service | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Management | $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 | $25.00M |
| Credit and Debit Card | $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 | $16.63M |
| Deposit Account | $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 | $25.07M |
| Factoring Commissions | $22.00M | $21.00M | $20.00M | $19.00M | $26.00M | $24.00M | $27.00M | $27.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Financial Service, Other | $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 | $7.42M |
| Insurance Commissions | $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 | $3.29M | - |
| International Fees | $27.00M | $34.00M | $32.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Merchant Services | $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 | $5.83M |
| ATM Income | - | - | - | - | - | - | - | - | $1.47M | $1.48M | $1.57M | $1.48M | $1.40M | $1.54M | $1.40M | $1.42M | $1.52M | $1.64M | $1.63M | $1.51M |
| Mortgage Banking | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.44M | $5.04M | $3.66M |
First Citizens BancShares's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Financial Service, Other (28.21%), Asset Management (16.43%), Deposit Account (15.71%), Credit and Debit Card (12.86%), International Fees (9.64%), Factoring Commissions (7.86%), Insurance Commissions (5.00%), and Merchant Services (4.29%).
First Citizens BancShares Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TFC | Truist Financial | $33.25B | $1.14B |
| USB | U.S. Bancorp | $28.01B | $10.80B |
| FITB | Fifth Third Bancorp | $12.64B | $3.31B |
| KEY | KeyCorp | $10.40B | $2.71B |
| FCNCA | First Citizens BancShares | $10.39B | $3.77B |
| HBAN | Huntington Bancshares | $8.92B | $2.98B |
| CMA | Comerica | $5.29B | $1.25B |
| WAL | Western Alliance Ban | $4.33B | $1.24B |
| ZION | Zions Bancorporation, National Association | $2.71B | $1.25B |
| FHN | First Horizon | $1.39B | $1.28B |
| PACW | PacWest Bancorp | $1.29B | $143.32M |
| CFG | Citizens Financial Group | $24.12M | $3.11B |
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 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). The company'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). FCNCA's quarterly revenue for Q4 2023 was $3.73B, a 46.99% increase from the previous quarter (Q3 2023), and a 209.71% increase year-over-year (Q4 2022).
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.