Fundies.
English

First Citizens BancShares Inc /DE/

EDGAR
FCNCA Current report (8-K) · filed 2026-10-23

Annual consolidated revenue for 2025: about USD 9.541B, using the latest reported figures. The previous period, 2024, was about USD 9.758B.

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Watchlist

Latest quarter

Revenue

2.43 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Revenue: 2432000000 USD Source

Net margin

27.63%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 672000000 USD Source
  • Revenue: 2432000000 USD Source

Operating cash flow

1.04 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1215000000 USD Source
  • Operating Cash Flow: 172000000 USD Source

Free cash flow

941 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1215000000 USD Source
  • Operating Cash Flow: 172000000 USD Source
  • Capital Expenditure: 243000000 USD Source
  • Capital Expenditure: 141000000 USD Source
Cash and cash equivalents
9.03 billion USD Source
Exact value

9030000000 USD

Long-term debt including current maturities
32 billion USD Source
Exact value

32036000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

9.62 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 2433000000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 9541000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 7104000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 2313000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 2432000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

2.35 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 568000000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 2206000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 1626000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 534000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 672000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

3.18 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 1873000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 957000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 2923000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1873000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 172000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1215000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 172000000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

724 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 467000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 229000000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 710000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 467000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 141000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 243000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 141000000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

2.46 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 1873000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 957000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 2923000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1873000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 172000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1215000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 172000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 467000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 229000000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 710000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 467000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 141000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 243000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 141000000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-23.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 4 of 11 periods available· newest 2025-12-31
  • Total liabilities: 4 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • cash and cash equivalents: No compatible figures in this window
  • Long-term debt including current maturities: 4 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -2.2%

    Prior period

    USD 9.76 billion

    –

    Current period

    USD 9.54 billion

    –

    Exact inputs and evidence

    9541000000 − 9758000000 = -217000000 USD

    9758000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9541000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -20.6%

    Prior period

    USD 2.78 billion

    –

    Current period

    USD 2.21 billion

    –

    Exact inputs and evidence

    2206000000 − 2777000000 = -571000000 USD

    2777000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2206000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -2.2%

    Prior period

    USD 2.99 billion

    –

    Current period

    USD 2.92 billion

    –

    Exact inputs and evidence

    2923000000 − 2988000000 = -65000000 USD

    2988000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2923000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +65.5%

    Prior period

    USD 429 million

    –

    Current period

    USD 710 million

    –

    Exact inputs and evidence

    710000000 − 429000000 = 281000000 USD

    429000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    710000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 9.54 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 2.21 billion 23% of revenue

Cash

  • Operating cash flow USD 2.92 billion 31% of revenue
  • Capital expenditure USD 710 million 7.4% of revenue
  • Free cash flow Derived USD 2.21 billion 23% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-315082000000 UnavailableUnavailableUnavailable1098000000 2636000000 Derived
Source
2023 2023-01-01 – 2023-12-3118787000000 UnavailableUnavailableUnavailable11466000000 2255000000 Derived
Source
2024 2024-01-01 – 2024-12-319758000000 UnavailableUnavailableUnavailable2777000000 2559000000 Derived
Source
2025 2025-01-01 – 2025-12-319541000000 UnavailableUnavailableUnavailable2206000000 2213000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 9.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.20.3B15.2B10.1B5.1B0.02022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Revenue5082000000
2023Revenue18787000000
2024Revenue9758000000
2025Revenue9541000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-2.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.295%203%111%19%-73%2022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year269.7%
2024Year over year-48.1%
2025Year over year-2.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 23.1% 2025
Free cash flow margin 23.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.66%49%33%16%0%2022-12-312023-12-312024-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2022Net margin21.6%
2023Net margin61%
2024Net margin28.5%
2025Net margin23.1%
2022Free cash flow margin51.9%
2023Free cash flow margin12%
2024Free cash flow margin26.2%
2025Free cash flow margin23.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 2.9B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.2B2.4B1.6B806.8M0.02022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Operating cash flow2791000000
2023Operating cash flow2660000000
2024Operating cash flow2988000000
2025Operating cash flow2923000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 2.2B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.8B2.1B1.4B711.7M0.02022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Free cash flow2636000000
2023Free cash flow2255000000
2024Free cash flow2559000000
2025Free cash flow2213000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

90.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.98%74%49%25%0%2022202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022Liabilities / assets91.2%
2023Liabilities / assets90.1%
2024Liabilities / assets90.1%
2025Liabilities / assets90.3%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 225.48 million
Exact value

Exact value: 225482000 USD

2016-01-01 – 2016-12-31: 225482000 USD Inspect Net Income Open source
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USD 230.51 million
Exact value

Exact value: 230506000 USD

2016-01-01 – 2016-12-31: 230506000 USD Inspect Operating Cash Flow Open source
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USD 81.84 million
Exact value

Exact value: 81841000 USD

2016-01-01 – 2016-12-31: 81841000 USD Inspect Capital Expenditure Open source
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USD 148.67 million
Calculation and evidence

230506000 − 81841000 USD

Exact free cash flow: 148665000 USD

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2017 2017-01-01 – 2017-12-31
USD 323.75 million
Exact value

Exact value: 323752000 USD

2017-01-01 – 2017-12-31: 323752000 USD Inspect Net Income Open source
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USD 355.26 million
Exact value

Exact value: 355258000 USD

2017-01-01 – 2017-12-31: 355258000 USD Inspect Operating Cash Flow Open source
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USD 84.8 million
Exact value

Exact value: 84798000 USD

2017-01-01 – 2017-12-31: 84798000 USD Inspect Capital Expenditure Open source
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USD 270.46 million
Calculation and evidence

355258000 − 84798000 USD

Exact free cash flow: 270460000 USD

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2018 2018-01-01 – 2018-12-31
USD 400.31 million
Exact value

Exact value: 400313000 USD

2018-01-01 – 2018-12-31: 400313000 USD Inspect Net Income Open source
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USD 453.77 million
Exact value

Exact value: 453769000 USD

2018-01-01 – 2018-12-31: 453769000 USD Inspect Operating Cash Flow Open source
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USD 140.44 million
Exact value

Exact value: 140444000 USD

2018-01-01 – 2018-12-31: 140444000 USD Inspect Capital Expenditure Open source
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USD 313.33 million
Calculation and evidence

453769000 − 140444000 USD

Exact free cash flow: 313325000 USD

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2019 2019-01-01 – 2019-12-31
USD 457.37 million
Exact value

Exact value: 457371000 USD

2019-01-01 – 2019-12-31: 457371000 USD Inspect Net Income Open source
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USD 578.25 million
Exact value

Exact value: 578248000 USD

2019-01-01 – 2019-12-31: 578248000 USD Inspect Operating Cash Flow Open source
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USD 121.08 million
Exact value

Exact value: 121077000 USD

2019-01-01 – 2019-12-31: 121077000 USD Inspect Capital Expenditure Open source
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USD 457.17 million
Calculation and evidence

578248000 − 121077000 USD

Exact free cash flow: 457171000 USD

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2020 2020-01-01 – 2020-12-31
USD 492 million
Exact value

Exact value: 492000000 USD

2020-01-01 – 2020-12-31: 492000000 USD Inspect Net Income Open source
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USD 376 million
Exact value

Exact value: 376000000 USD

2020-01-01 – 2020-12-31: 376000000 USD Inspect Operating Cash Flow Open source
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USD 133 million
Exact value

Exact value: 133000000 USD

2020-01-01 – 2020-12-31: 133000000 USD Inspect Capital Expenditure Open source
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USD 243 million
Calculation and evidence

376000000 − 133000000 USD

Exact free cash flow: 243000000 USD

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2021 2021-01-01 – 2021-12-31
USD 547 million
Exact value

Exact value: 547000000 USD

2021-01-01 – 2021-12-31: 547000000 USD Inspect Net Income Open source
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−USD 284 million
Exact value

Exact value: -284000000 USD

2021-01-01 – 2021-12-31: -284000000 USD Inspect Operating Cash Flow Open source
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USD 107 million
Exact value

Exact value: 107000000 USD

2021-01-01 – 2021-12-31: 107000000 USD Inspect Capital Expenditure Open source
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−USD 391 million
Calculation and evidence

-284000000 − 107000000 USD

Exact free cash flow: -391000000 USD

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2022 2022-01-01 – 2022-12-31
USD 1.1 billion
Exact value

Exact value: 1098000000 USD

2022-01-01 – 2022-12-31: 1098000000 USD Inspect Net Income Open source
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USD 2.79 billion
Exact value

Exact value: 2791000000 USD

2022-01-01 – 2022-12-31: 2791000000 USD Inspect Operating Cash Flow Open source
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USD 155 million
Exact value

Exact value: 155000000 USD

2022-01-01 – 2022-12-31: 155000000 USD Inspect Capital Expenditure Open source
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USD 2.64 billion
Calculation and evidence

2791000000 − 155000000 USD

Exact free cash flow: 2636000000 USD

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2023 2023-01-01 – 2023-12-31
USD 11.47 billion
Exact value

Exact value: 11466000000 USD

2023-01-01 – 2023-12-31: 11466000000 USD Inspect Net Income Open source
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USD 2.66 billion
Exact value

Exact value: 2660000000 USD

2023-01-01 – 2023-12-31: 2660000000 USD Inspect Operating Cash Flow Open source
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USD 405 million
Exact value

Exact value: 405000000 USD

2023-01-01 – 2023-12-31: 405000000 USD Inspect Capital Expenditure Open source
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USD 2.26 billion
Calculation and evidence

2660000000 − 405000000 USD

Exact free cash flow: 2255000000 USD

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2024 2024-01-01 – 2024-12-31
USD 2.78 billion
Exact value

Exact value: 2777000000 USD

2024-01-01 – 2024-12-31: 2777000000 USD Inspect Net Income Open source
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USD 2.99 billion
Exact value

Exact value: 2988000000 USD

2024-01-01 – 2024-12-31: 2988000000 USD Inspect Operating Cash Flow Open source
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USD 429 million
Exact value

Exact value: 429000000 USD

2024-01-01 – 2024-12-31: 429000000 USD Inspect Capital Expenditure Open source
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USD 2.56 billion
Calculation and evidence

2988000000 − 429000000 USD

Exact free cash flow: 2559000000 USD

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2025 2025-01-01 – 2025-12-31
USD 2.21 billion
Exact value

Exact value: 2206000000 USD

2025-01-01 – 2025-12-31: 2206000000 USD Inspect Net Income Open source
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USD 2.92 billion
Exact value

Exact value: 2923000000 USD

2025-01-01 – 2025-12-31: 2923000000 USD Inspect Operating Cash Flow Open source
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USD 710 million
Exact value

Exact value: 710000000 USD

2025-01-01 – 2025-12-31: 710000000 USD Inspect Capital Expenditure Open source
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USD 2.21 billion
Calculation and evidence

2923000000 − 710000000 USD

Exact free cash flow: 2213000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

169 filings · 3,317 latest values · 3,317 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000798941, 798941, FCNCA, FCNCB, FCNCN, FCNCO, FCNCP, edgar:798941

Also known as FIRST CITIZENS BANCSHARES INC /DE/, First Citizens BancShares Inc /DE/