First Citizens BancShares, Inc. (FCNCA) Income Statement
FCNCA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFCNCA revenue and net income
Where FCNCA's revenue goes
2025Each bar shows an amount and its share of revenue. FCNCA kept 15.2% of revenue as net income.
FCNCA profit margins
FCNCA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.0% | +41.7% | +49.9% | +27.2% |
| Gross profit | −4.2% | +30.8% | +38.3% | +21.8% |
| Operating income | −17.3% | +29.7% | +36.9% | +24.5% |
| Net income | −20.6% | +26.2% | +35.0% | +26.5% |
| EPS (diluted) | −8.4% | +32.0% | +30.8% | +27.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FCNCA quarterly EPS vs estimates
First Citizens BancShares beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 23, 2026 (estimate $46.61).
FCNCA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.50B | $14.94B | $12.64B | $5.10B | $1.90B | $1.92B | $1.79B | $1.59B | $1.45B | $1.34B |
| Cost of revenue | $5.59B | $5.64B | $5.05B | $1.11B | $24.0M | $154.0M | $124.1M | $65.3M | $69.5M | $76.0M |
| Gross profit | $8.91B | $9.30B | $7.58B | $3.98B | $1.88B | $1.76B | $1.67B | $1.52B | $1.38B | $1.26B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $4.25B | $3.51B | $3.02B | $1.68B | $783.0M | $745.0M | $703.1M | $686.9M | $642.2M | $569.3M |
| Total operating expenses | $5.94B | $5.71B | −$4.49B | $2.62B | $1.17B | $1.14B | $1.07B | $1.02B | $839.6M | $913.0M |
| Operating income | $2.97B | $3.59B | $12.08B | $1.36B | $701.0M | $618.0M | $592.0M | $503.6M | $543.7M | $351.1M |
| Interest income | $11.78B | $12.35B | $8.31B | $3.41B | $1.45B | $1.48B | $1.40B | $1.25B | $1.10B | $987.8M |
| Interest expense | $4.96B | $5.21B | $3.68B | $467.0M | $61.0M | $96.0M | $92.6M | $36.9M | $43.8M | $43.1M |
| Income before taxes | $2.97B | $3.59B | $12.08B | $1.36B | $701.0M | $618.0M | $592.0M | $503.6M | $543.7M | $351.1M |
| Income taxes | $765.0M | $815.0M | $611.0M | $264.0M | $154.0M | $126.0M | $134.7M | $103.3M | $219.9M | $125.6M |
| Net income | $2.21B | $2.78B | $11.47B | $1.10B | $547.0M | $492.0M | $457.4M | $400.3M | $323.8M | $225.5M |
| EBITDA | $3.38B | $3.72B | $12.02B | $1.90B | $844.0M | $751.0M | $719.7M | $624.0M | $657.3M | $461.7M |
| EPS (diluted) | $178.46 | $194.76 | $175.19 | $77.52 | $52.59 | $46.55 | $41.06 | $33.54 | $29.09 | $20.07 |
| Gross margin | 61.4% | 62.2% | 60.0% | 78.2% | 98.7% | 92.0% | 93.1% | 95.9% | 95.2% | 94.3% |
| Operating margin | 20.5% | 24.0% | 95.6% | 26.7% | 36.9% | 32.3% | 33.1% | 31.7% | 37.4% | 26.2% |
| Net margin | 15.2% | 18.6% | 90.7% | 21.5% | 28.8% | 25.7% | 25.5% | 25.2% | 22.3% | 16.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.60B | $3.48B | $3.65B | $3.69B | $3.62B | $3.52B | $3.69B | $3.78B | $3.71B | $3.70B | $3.68B | $3.70B |
| Cost of revenue | $1.19B | $1.17B | $1.38B | $1.46B | $1.36B | $1.39B | $1.45B | $1.46B | $1.40B | $1.33B | $1.46B | $1.31B |
| Gross profit | $2.42B | $2.31B | $2.27B | $2.24B | $2.26B | $2.14B | $2.24B | $2.32B | $2.30B | $2.37B | $2.22B | $2.39B |
| Sales, general & admin | $1.11B | $1.61B | $1.41B | $955.0M | $941.0M | $946.0M | $913.0M | $898.0M | $856.0M | $844.0M | $876.0M | $836.0M |
| Total operating expenses | $1.53B | $1.61B | $1.46B | $1.49B | $1.50B | $1.49B | $1.51B | $1.45B | $1.32B | $1.37B | $1.51B | $1.39B |
| Operating income | $891.0M | $705.0M | $811.0M | $751.0M | $758.0M | $651.0M | $736.0M | $873.0M | $979.0M | $1.00B | $713.0M | $997.0M |
| Interest income | $2.85B | $2.79B | $2.94B | $3.00B | $2.94B | $2.90B | $3.00B | $3.14B | $3.13B | $3.08B | $3.12B | $3.11B |
| Interest expense | $1.20B | $1.17B | $1.22B | $1.26B | $1.25B | $1.23B | $1.29B | $1.34B | $1.31B | $1.27B | $1.21B | $1.12B |
| Income before taxes | $891.0M | $705.0M | $811.0M | $751.0M | $758.0M | $651.0M | $736.0M | $873.0M | $979.0M | $1.00B | $713.0M | $997.0M |
| Income taxes | $219.0M | $171.0M | $231.0M | $183.0M | $183.0M | $168.0M | $36.0M | $234.0M | $272.0M | $273.0M | $199.0M | $245.0M |
| Net income | $672.0M | $534.0M | $580.0M | $568.0M | $575.0M | $483.0M | $700.0M | $639.0M | $707.0M | $731.0M | $514.0M | $752.0M |
| EBITDA | $1.05B | $885.0M | $932.0M | $842.0M | $858.0M | $744.0M | $830.0M | $915.0M | $985.0M | $992.0M | $668.0M | $895.0M |
| EPS (diluted) | $57.09 | $44.86 | $51.27 | $44.62 | $44.78 | $37.79 | $45.10 | $45.87 | $50.87 | $52.92 | $46.58 | $55.92 |
| Gross margin | 67.1% | 66.5% | 62.1% | 60.6% | 62.3% | 60.7% | 60.8% | 61.4% | 62.1% | 64.1% | 60.4% | 64.5% |
| Operating margin | 24.7% | 20.3% | 22.2% | 20.3% | 20.9% | 18.5% | 20.0% | 23.1% | 26.4% | 27.1% | 19.4% | 26.9% |
| Net margin | 18.6% | 15.4% | 15.9% | 15.4% | 15.9% | 13.7% | 19.0% | 16.9% | 19.1% | 19.7% | 14.0% | 20.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FCNCA's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FCNCA financial results
In fiscal year 2025 (ended December 31, 2025), First Citizens BancShares reported revenue of $14.5 billion, down 3.0% from the year before. It had net income of $2.2 billion (down 20.6%), a net profit margin of 15.2%. Diluted earnings per share came to $178.46. Over five years revenue grew at an average rate of 49.9% a year.
See the FCNCA stock overview for the latest quote and news, or the FCNCA chart for price history and technical indicators.
FCNCA income statement FAQ
What is First Citizens BancShares's annual revenue?
First Citizens BancShares reported total revenue of $14.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.0% from $14.9 billion the previous year.
Is First Citizens BancShares profitable?
Yes. First Citizens BancShares reported net income of $2.2 billion in fiscal 2025, a net profit margin of 15.2%; its operating margin was 20.5%.
What is First Citizens BancShares's gross margin?
First Citizens BancShares's gross margin was 61.4% in fiscal 2025: for every $100 of revenue, First Citizens BancShares kept $61 after the direct cost of its products and services.
How fast is First Citizens BancShares growing?
Revenue grew 49.9% a year on average over the last five fiscal years, from $1.9 billion to $14.5 billion.
What are First Citizens BancShares's earnings per share?
First Citizens BancShares earned $178.46 per diluted share in fiscal 2025, compared with $194.76 a year earlier.
When will First Citizens BancShares report its next earnings?
First Citizens BancShares is expected to report results for the quarter ending September 30, 2026 on October 23, 2026 before the market opens.
When does First Citizens BancShares's fiscal year end?
First Citizens BancShares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.