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First Citizens BancShares (FCNCA) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

First Citizens BancShares Revenue Highlights

Latest Revenue (Y)

$12.35B

Latest Revenue (Q)

$3.77B

Main Segment (Y)

Deposit Fees and Service Charges

First Citizens BancShares Revenue by Period

First Citizens BancShares Revenue by Year

DateRevenueChange
2024-12-31$12.35B62.45%
2023-12-31$7.60B67.45%
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 $12.35B in revenue during NA 2024, up 62.45% compared to the previous quarter, and up 715.19% 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 24Dec 23Dec 22Dec 21Dec 20
Deposit Fees and Service Charges$230.00M----
Factoring Commissions$75.00M$82.00M$104.00M--
Insurance Commissions$55.00M$54.00M$47.00M$15.56M$14.54M
International Fees$119.00M$93.00M---
Merchant Services$49.00M$48.00M$35.00M$33.14M$30.91M
Credit and Debit Card$163.00M$139.00M$102.00M$86.68M$74.29M
Asset Management$211.00M$188.00M$142.00M$128.79M$102.78M
Financial Service, Other-$268.00M$163.00M$35.92M$39.59M
Deposit Account-$156.00M$100.00M$94.76M$87.66M
ATM Income---$6.00M$5.76M

First Citizens BancShares's latest annual revenue breakdown by segment (product or service), as of Dec 24: Deposit Fees and Service Charges (25.50%), Asset Management (23.39%), Credit and Debit Card (18.07%), International Fees (13.19%), Factoring Commissions (8.31%), Insurance Commissions (6.10%), and Merchant Services (5.43%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Credit and Debit Card$121.00M$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
Merchant Services$37.00M$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
International Fees$90.00M$29.00M$27.00M$34.00M$32.00M---------------
Insurance Commissions$41.00M$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-
Asset Management$157.00M$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
Factoring Commissions$56.00M$19.00M$22.00M$21.00M$20.00M$19.00M$26.00M$24.00M$27.00M$27.00M----------
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
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
ATM Income----------$1.47M$1.48M$1.57M$1.48M$1.40M$1.54M$1.40M$1.42M$1.52M$1.64M
Mortgage Banking-------------------$7.44M

First Citizens BancShares's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Asset Management (31.27%), Credit and Debit Card (24.10%), International Fees (17.93%), Factoring Commissions (11.16%), Insurance Commissions (8.17%), and Merchant Services (7.37%).

First Citizens BancShares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
USBU.S. Bancorp$28.01B$2.70B
TFCTruist Financial$24.25B$7.83B
FCNCAFirst Citizens BancShares$12.35B$3.77B
CFGCitizens Financial Group$12.30B$3.06B
FITBFifth Third Bancorp$10.43B$3.38B
HBANHuntington Bancshares$9.92B$3.05B
KEYKeyCorp$8.43B$1.91B
ZIONZions Bancorporation, National Association$4.29B$1.28B
CMAComerica$3.94B$982.00M
FHNFirst Horizon$1.16B$1.28B
WALWestern Alliance Ban-$1.29B

FCNCA Revenue FAQ

What is First Citizens BancShares’s yearly revenue?

First Citizens BancShares's yearly revenue for 2024 was $12.35B, representing an increase of 62.45% compared to 2023. The company's yearly revenue for 2023 was $7.6B, representing an increase of 67.45% compared to 2022. FCNCA's yearly revenue for 2022 was $4.54B, representing an increase of 146.98% compared to 2021.

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 (2022-2024) was 172.03%, and for the last 5 years (2020-2024) was 562.39%.

What are First Citizens BancShares’s revenue streams?

First Citizens BancShares's revenue streams in c 24 are Deposit Fees and Service Charges, Factoring Commissions, Insurance Commissions, International Fees, Merchant Services, Credit and Debit Card, and Asset Management. Deposit Fees and Service Charges generated $230M in revenue, accounting 25.50% of the company's total revenue Factoring Commissions generated $75M in revenue, accounting 8.31% of the company's total revenue, down -8.54% year-over-year. Insurance Commissions generated $55M in revenue, accounting 6.10% of the company's total revenue, up 1.85% year-over-year. International Fees generated $119M in revenue, accounting 13.19% of the company's total revenue, up 27.96% year-over-year. Merchant Services generated $49M in revenue, accounting 5.43% of the company's total revenue, up 2.08% year-over-year. Credit and Debit Card generated $163M in revenue, accounting 18.07% of the company's total revenue, up 17.27% year-over-year. Asset Management generated $211M in revenue, accounting 23.39% of the company's total revenue, up 12.23% year-over-year.

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

For the fiscal year ending Dec 24, the largest source of revenue of First Citizens BancShares was Deposit Fees and Service Charges. This segment made a revenue of $230M, representing 25.50% of the company's total revenue.