First citizens bancshares inc /de/ (FCNCA)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Interest income
Loans and leases

1,217,306

1,073,051

955,637

876,472

874,892

700,525

757,197

967,601

967,737

914,545

659,537

681,849

U. S. Treasury

-

-

-

-

15,353

11,656

1,645

2,471

8,248

24,569

43,525

-

Government agency

-

-

-

-

6,843

7,410

12,265

15,688

19,848

12,341

21,908

-

U. S. Treasury and government agency

-

-

-

-

-

-

-

-

-

-

-

117,265

Residential mortgage-backed securities

-

-

-

-

65,815

36,492

22,642

14,388

9,235

6,544

4,812

4,311

Corporate bonds

-

-

-

-

0

255

-

-

7,975

8,721

6,283

0

State, county and municipal

-

-

-

-

-

13

12

36

174

75

278

209

Other

-

-

-

-

239

385

320

2,914

548

227

1,085

962

Investment securities interest and dividend income

160,460

150,709

121,207

96,751

88,250

56,211

36,884

35,497

46,028

52,477

77,891

122,747

Overnight investments

26,245

21,997

26,846

14,534

6,067

3,712

2,723

1,738

1,394

2,346

731

8,755

Total interest income

1,404,011

1,245,757

1,103,690

987,757

969,209

760,448

796,804

1,004,836

1,015,159

969,368

738,159

813,351

Interest expense
Deposits

76,254

22,483

16,196

18,169

21,230

24,786

34,495

57,568

101,888

149,195

183,759

263,538

Securities sold under customer repurchase agreements

1,995

1,594

1,767

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank borrowings

5,472

5,801

19,915

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

-

1,965

4,660

9,177

2,724

5,107

5,993

5,189

4,882

17,502

Subordinated debt

7,099

6,277

5,213

-

-

-

-

-

-

-

-

-

Interest Expense, Other

1,822

702

703

-

-

-

-

-

-

-

-

-

Long-term obligations

-

-

-

22,948

18,414

16,388

19,399

27,473

36,311

40,741

39,003

33,905

Total interest expense

92,642

36,857

43,794

43,082

44,304

50,351

56,618

90,148

144,192

195,125

227,644

314,945

Net interest income

1,311,369

1,208,900

1,059,896

944,675

924,905

710,097

740,186

914,688

870,967

774,243

510,515

498,406

Provision (credit) for loan and lease losses

31,441

28,468

25,692

32,941

20,664

640

-32,255

142,885

232,277

143,519

79,364

65,926

Net interest income after provision for loan and lease losses

1,279,928

1,180,432

1,034,204

911,734

904,241

709,457

772,441

771,803

638,690

630,724

431,151

432,480

Noninterest income
Mortgage income

21,126

16,433

23,251

20,348

-

-

-

-

-

-

-

-

Net impact from FDIC shared-loss termination

-

-

-

16,559

0

0

-

-

-

-

-

-

Adjustments to FDIC receivable

-

-

-

-9,725

-19,009

-32,151

-72,342

-101,594

-19,305

-46,806

2,800

0

Insurance commissions

20,625

-7,610

0

0

-

-

-

-

-

-

-

-

Debt Securities, Available-for-sale, Realized Gain (Loss)

7,115

351

4,293

26,673

10,817

29,096

0

2,277

-288

1,952

-511

8,128

Gain on extinguishment of debt

0

26,553

12,483

-

-

-

-

-

-

-

-

-

Cardholder and merchant services

-

-

-

-

-

-

-

-

-

107,575

95,376

97,577

Fees from processing services

-

-

-

-

-

17,989

22,821

34,816

30,487

29,097

30,904

29,607

Gain on acquisitions

0

0

134,745

5,831

42,930

0

0

-

150,417

136,000

104,434

0

Gain (Loss) on Extinguishment of Debt

-

-

-

0

-

-

-

-

-

-

-

-

Other

18,431

19,700

29,081

34,170

36,359

29,277

49,749

4,919

29,055

7,431

4,518

2,205

Total noninterest income

415,861

400,149

521,963

377,099

467,088

343,213

267,382

192,254

464,366

406,214

403,451

307,506

Noninterest expense
Salaries and wages

551,112

527,691

490,610

443,746

429,742

349,279

308,936

307,036

308,088

297,897

264,342

259,250

Employee benefits

120,501

118,203

105,975

94,340

113,309

79,898

90,479

78,861

72,526

64,733

64,390

58,899

Occupancy expense

111,179

109,169

104,690

102,609

98,191

86,775

75,713

74,798

74,832

72,766

66,266

60,839

Equipment expense

112,290

102,909

97,478

92,501

92,639

79,084

75,538

74,822

69,951

66,894

60,310

57,715

Processing fees paid to third parties

29,552

30,017

25,673

18,976

-

-

-

-

-

-

-

-

Merchant processing

-

-

-

-

62,473

42,661

-

-

-

-

-

-

Cardholder processing

-

-

-

-

25,296

15,133

-

-

-

-

-

-

FDIC insurance expense

10,664

18,890

22,191

20,967

18,340

12,979

10,175

10,656

16,459

23,167

29,344

5,126

Collection and foreclosure-related expenses

11,994

16,567

14,407

13,379

12,311

17,368

17,134

40,654

46,133

20,439

15,107

3,658

Merger-related expenses

17,166

6,462

9,015

5,341

14,174

13,064

391

791

-

-

-

-

Other

139,283

147,063

142,430

145,907

172,440

152,835

193,014

179,315

204,936

187,480

151,744

154,895

Total noninterest expense

1,103,741

1,076,971

1,012,469

937,766

1,038,915

849,076

771,380

766,933

792,925

733,376

651,503

600,382

Income before income taxes

592,048

503,610

543,698

351,067

332,414

203,594

268,443

197,124

310,131

303,562

183,099

139,604

Income taxes

134,677

103,297

219,946

125,585

122,028

65,032

101,574

64,729

115,103

110,518

66,768

-

Income taxes

-

-

-

-

-

98,371

53,928

99,151

131,740

-

-

48,546

Net income

457,371

400,313

323,752

225,482

210,386

138,562

166,869

132,395

195,028

193,044

116,331

91,058

Average shares outstanding (in shares)

11,141

11,938

12,010

12,010

12,010

10,221

9,618

10,244

10,376

10,434

10,434

10,434

Net income per share

41.05

33.53

29.96

18.77

17.52

13.56

17.35

12.92

18.80

18.50

11.15

8.73

Cash dividends (in dollars per share)

1.60

1.45

1.25

1.20

1.20

1.20

1.20

1.20

1.20

1.20

-

-

Wealth management services
Revenue from contract with customers

69,078

65,478

57,583

47,319

77,342

59,607

48,360

45,174

56,279

-

-

-

Cardholder services, net
Revenue from contract with customers

24,304

24,504

22,678

20,900

84,207

64,075

56,024

50,298

54,543

-

-

-

Other service charges and fees
Revenue from contract with customers

105,191

105,486

101,201

89,359

90,546

69,100

60,661

61,564

63,775

73,762

78,028

82,349

Merchant services, net
Revenue from contract with customers

99,241

97,966

86,719

80,221

82,865

66,115

59,628

57,236

54,974

51,378

46,071

48,198

ATM income
Revenue from contract with customers

31,644

30,606

28,321

27,011

23,987

17,760

15,696

14,239

22,647

20,820

16,411

17,598

Mortgage income
Revenue from contract with customers

-

-

-

-

18,168

5,828

11,065

8,072

6,597

9,699

10,435

6,564

Realized gains on investment securities available for sale, net
Revenue from contract with customers

12,810

12,702

12,465

11,150

11,757

11,129

10,694

9,974

9,165

8,650

8,129

8,277

Gain on extinguishment of debt
Revenue from contract with customers

6,296

7,980

9,143

7,283

7,119

5,388

5,026

5,279

6,020

6,656

6,856

7,003