FIRST CITIZENS BANCSHARES INC /DE/
FCNCA· Nasdaq, OTC, Nasdaq, Nasdaq, Nasdaq· State Commercial Banks
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 23.2%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; FCNCA is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 13.0M
- Revenue
- $9.5B
- Free cash flow
- $2.2B
- Owner earnings
- $2.2B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 23.1%
- Free cash flow
- 23.2%
- Owner earnings
- 23.2%
- Stock pay
- 0.0%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 9.9%
- ROE, 5 yr avg
- 19.9%
Growth (CAGR)
- Revenue, 3 yr
- 23.4%
- Revenue, 5 yr
- –
- Revenue, 9 yr
- –
- Diluted EPS, 3 yr
- 34.8%
- Diluted EPS, 5 yr
- 28.3%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -5.7%
- Free cash flow, 5 yr
- 55.6%
- Free cash flow, 9 yr
- 35.0%
Financial health · FY2025
- Cash and investments
- $801.0M
- Total debt
- $36.0B
- Net debt
- $35.2B
- Debt/Equity
- 1.6x
- Debt/FCF
- 16.3x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 7.3%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 5.3%
Financials: ten years from the 10-Ks
Revenue
$9.5B
+23.4% a year over 9 years
FY2016FY2025
Margins
23.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$2.2BOwner earnings$2.2B
Free cash flow +35.0% a year
FY2016FY2025
Diluted shares
13.0M
+29.3% over 9 years, net dilution
FY2016FY2025
Net debt (below zero)
-$35.2B
$35.2B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | – | – | – | – | – | – | $5.1B | $18.8B | $9.8B | $9.5B |
| Revenue growth | – | – | – | – | – | – | – | 269.7% | -48.1% | -2.2% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $225.5M | $323.8M | $400.3M | $457.4M | $492.0M | $547.0M | $1.1B | $11.5B | $2.8B | $2.2B |
| Net margin | – | – | – | – | – | – | 21.6% | 61.0% | 28.5% | 23.1% |
| Diluted EPS | – | – | – | – | $47.50 | $53.88 | $67.40 | $784.51 | $189.41 | $165.24 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $230.5M | $355.3M | $453.8M | $578.2M | $376.0M | -$284.0M | $2.8B | $2.7B | $3.0B | $2.9B |
| Capital expenditure | $81.8M | $84.8M | $140.4M | $121.1M | $133.0M | $107.0M | $155.0M | $405.0M | $429.0M | $710.0M |
| Free cash flow | $148.7M | $270.5M | $313.3M | $457.2M | $243.0M | -$391.0M | $2.6B | $2.3B | $2.6B | $2.2B |
| Stock-based compensation | – | – | – | – | $0 | $0 | $19.0M | $5.0M | $0 | $0 |
| Owner earnings? | – | – | – | – | $243.0M | -$391.0M | $2.6B | $2.3B | $2.6B | $2.2B |
| Free cash flow per share | – | – | – | – | $24.16 | $-39.83 | $169.52 | $155.09 | $178.42 | $170.20 |
| Capital allocation | ||||||||||
| Dividends paid | $14.4M | $14.4M | $16.8M | $18.1M | $30.0M | $42.0M | $83.0M | $117.0M | $158.0M | $161.0M |
| Share repurchases | $0 | $0 | $163.1M | $453.1M | $334.0M | $0 | $1.2B | $0 | $1.6B | $3.0B |
| Diluted shares | – | – | – | – | 10.1M | 9.8M | 15.5M | 14.5M | 14.3M | 13.0M |
| Share count change? | – | – | – | – | – | -2.4% | 58.4% | -6.5% | -1.4% | -9.3% |
| Balance sheet | ||||||||||
| Cash and equivalents | $539.7M | $336.1M | $327.4M | $376.7M | $4.3B | $9.0B | $518.0M | $908.0M | $814.0M | $801.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $1.4B | $1.6B | $892.2M | $1.3B | $1.9B | $1.8B | $6.6B | $37.7B | $37.1B | $36.0B |
| Net debt | $896.7M | $1.2B | $564.7M | $950.2M | -$2.4B | -$7.2B | $6.1B | $36.7B | $36.2B | $35.2B |
| Shareholders' equity | $3.0B | $3.3B | $3.5B | $3.6B | $4.2B | $4.7B | $9.7B | $21.3B | $22.2B | $22.2B |
Latest filings
| 2026-10-23 | 8-K | Earnings release |
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-07-23 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-04-23 | 8-K | Earnings release |
| 2026-03-23 | DEF 14A | Proxy statement |
| 2026-02-24 | 10-K | Annual report |
| 2026-01-23 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-10-23 | 8-K | Earnings release |
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