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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)

$3.62B

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
2025-06-30$3.62B2.78%
2025-03-31$3.52B-4.45%
2024-12-31$3.69B-2.48%
2024-09-30$3.78B2.05%
2024-06-30$3.71B0.11%
2024-03-31$3.70B0.73%
2023-12-31$3.68B-0.73%
2023-09-30$3.70B5.89%
2023-06-30$3.50B116.94%
2023-03-31$1.61B11.87%
2022-12-31$1.44B10.08%
2022-09-30$1.31B13.83%
2022-06-30$1.15B5.22%
2022-03-31$1.09B132.44%
2021-12-31$470.23M-0.16%
2021-09-30$471.00M-2.08%
2021-06-30$481.00M0.63%
2021-03-31$478.00M-2.71%
2020-12-31$491.33M1.73%
2020-09-30$482.98M-6.85%
2020-06-30$518.47M22.51%
2020-03-31$423.20M-8.73%
2019-12-31$463.69M1.69%
2019-09-30$456.00M1.12%
2019-06-30$450.95M4.03%
2019-03-31$433.50M12.44%
2018-12-31$385.53M-3.49%
2018-09-30$399.49M1.97%
2018-06-30$391.78M2.75%
2018-03-31$381.27M-8.11%
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 $3.62B in revenue during Q2 2025, up 2.78% compared to the previous quarter, and up 97.84% 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
Factoring Commissions$75.00M$82.00M$104.00M--
Insurance Commissions$55.00M$54.00M$47.00M$15.56M$14.54M
Asset Management$211.00M$188.00M$142.00M$128.79M$102.78M
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
Deposit Fees and Service Charges$230.00M----
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/ServiceJun 25Mar 25Dec 24Sep 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Asset Management$55.00M$56.00M$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
Credit and Debit Card$41.00M$41.00M$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
Deposit Fees and Service Charges$59.00M$58.00M------------------
Factoring Commissions$18.00M$17.00M$56.00M$19.00M$22.00M$21.00M$20.00M$19.00M$26.00M$24.00M$27.00M$27.00M--------
Insurance Commissions$14.00M$14.00M$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-
International Fees$33.00M$32.00M$90.00M$29.00M$27.00M$34.00M$32.00M-------------
Merchant Services$13.00M$14.00M$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
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
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
ATM Income------------$1.47M$1.48M$1.57M$1.48M$1.40M$1.54M$1.40M$1.42M

First Citizens BancShares's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Deposit Fees and Service Charges (25.32%), Asset Management (23.61%), Credit and Debit Card (17.60%), International Fees (14.16%), Factoring Commissions (7.73%), Insurance Commissions (6.01%), and Merchant Services (5.58%).

First Citizens BancShares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SHGShinhan Financial Group$61.33T$20.12T
USBU.S. Bancorp$28.01B$10.53B
BAPCredicorp$16.18B$5.10B
FCNCAFirst Citizens BancShares$12.35B$3.62B
CFGCitizens Financial Group$12.30B$2.12B
MTBM&T Bank$11.03B$2.51B
HBANHuntington Bancshares$9.92B$3.23B
KEYKeyCorp$8.43B$2.83B
RFRegions Financial$7.11B$3.02B

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 Q2 2025 was $3.62B, a 2.78% increase from the previous quarter (Q1 2025), and a -2.27% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $3.52B, a -4.45% decrease from the previous quarter (Q4 2024), and a -4.81% decrease year-over-year (Q1 2024). FCNCA's quarterly revenue for Q4 2024 was $3.69B, a -2.48% decrease from the previous quarter (Q3 2024), and a 0.35% increase year-over-year (Q4 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 Factoring Commissions, Insurance Commissions, Asset Management, International Fees, Merchant Services, Credit and Debit Card, and Deposit Fees and Service Charges. 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. Asset Management generated $211M in revenue, accounting 23.39% of the company's total revenue, up 12.23% 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. Deposit Fees and Service Charges generated $230M in revenue, accounting 25.50% of the company's total revenue

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.