First citizens bancshares inc /de/ (FCNCA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest income
Loans and leases

325,548

308,139

315,012

303,233

290,922

287,768

272,215

261,086

251,982

247,015

246,260

235,732

226,630

225,312

219,314

215,442

216,404

216,717

224,631

222,682

210,862

211,124

164,259

164,108

161,034

178,082

182,201

185,151

211,763

270,788

226,812

231,864

238,137

262,060

240,493

233,731

231,453

260,111

264,819

202,541

187,074

170,690

155,449

U. S. Treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

503

559

670

739

1,072

1,707

2,259

3,210

-

5,774

6,927

-

-

-

Government agency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,287

3,692

4,377

4,332

4,776

5,162

4,863

5,047

-

3,632

3,323

-

-

-

U. S. Treasury and government agency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,350

15,076

18,118

Residential mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,505

4,792

2,202

1,889

2,112

2,366

2,104

2,653

1,563

1,544

1,873

1,564

1,329

1,234

Corporate bonds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

278

842

1,199

1,709

1,971

2,119

2,176

2,192

2,196

2,198

2,135

2,205

1,580

State, county and municipal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

12

12

41

108

12

13

13

14

15

33

32

104

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,613

108

62

131

68

21

200

259

68

77

12

70

242

164

Investment securities interest and dividend income

39,493

40,491

40,155

40,209

39,605

39,740

38,770

37,179

35,020

31,344

29,706

30,406

29,751

25,612

23,395

24,702

23,042

23,114

24,020

21,806

19,310

19,309

12,707

12,447

11,748

10,585

9,696

8,119

8,484

9,595

9,435

8,165

8,302

9,778

11,335

11,557

13,358

11,740

13,237

14,348

13,152

18,884

21,200

Overnight investments

4,518

5,418

7,151

7,279

6,397

6,065

4,721

5,612

5,599

7,599

8,367

6,404

4,476

3,858

3,785

3,225

3,666

2,030

1,174

1,525

1,338

1,689

655

756

612

973

737

656

357

508

427

490

313

338

351

316

389

754

572

546

474

116

192

Total interest income

369,559

354,048

362,318

350,721

336,924

333,573

315,706

303,877

292,601

285,958

284,333

272,542

260,857

254,782

246,494

243,369

243,112

241,861

249,825

246,013

231,510

232,122

177,621

177,311

173,394

189,640

192,634

193,926

220,604

280,891

236,674

240,519

246,752

272,176

252,179

245,604

245,200

272,605

278,628

217,435

200,700

189,690

176,841

Interest expense
Deposits

24,194

22,433

21,737

19,158

12,926

9,059

5,147

4,521

3,756

3,789

3,839

4,132

4,436

4,452

4,457

4,601

4,659

4,851

5,216

5,534

5,629

6,252

5,703

6,006

6,825

7,262

7,923

8,997

10,313

12,199

13,850

15,047

16,472

20,162

24,825

27,081

29,820

32,901

37,087

41,091

38,116

43,574

48,890

Securities sold under customer repurchase agreements

442

-

-

-

459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank borrowings

2,984

1,285

1,316

1,586

1,285

1,466

1,099

852

2,384

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

542

515

-

-

398

373

404

-

1,429

1,176

580

537

540

454

434

478

590

1,658

1,934

4,347

2,694

1,551

585

596

744

680

704

1,018

1,114

1,584

1,391

1,344

1,470

1,482

1,697

3,051

742

640

756

980

1,281

Subordinated debt

2,755

1,701

1,774

1,952

1,672

1,622

1,561

1,653

1,441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Expense, Other

784

-

-

-

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term obligations

-

-

524

162

-

-

139

259

179

-

5,890

5,625

5,498

5,876

5,648

6,125

5,299

5,813

4,648

4,171

3,782

4,277

3,002

4,056

5,053

5,189

4,784

4,721

4,705

4,726

6,354

8,456

7,937

8,252

8,697

9,666

9,696

8,248

10,859

10,842

10,792

9,859

9,638

Total interest expense

31,159

26,924

25,893

23,373

16,452

12,691

8,344

7,658

8,164

11,189

11,158

10,933

10,514

10,865

10,645

11,180

10,392

11,142

10,454

11,363

11,345

14,876

11,399

11,613

12,463

13,047

13,451

14,398

15,722

17,943

21,318

25,087

25,800

29,758

34,992

38,229

41,213

44,200

48,688

52,573

49,664

54,413

59,809

Net interest income

338,400

327,124

336,425

327,348

320,472

320,882

307,362

296,219

284,437

274,769

273,175

261,609

250,343

243,917

235,849

232,189

232,720

230,719

239,371

234,650

220,165

217,246

166,222

165,698

160,931

176,593

179,183

179,528

204,882

262,948

215,356

215,432

220,952

242,418

217,187

207,375

203,987

228,405

229,940

164,862

151,036

135,277

117,032

Provision (credit) for loan and lease losses

28,355

7,727

6,766

5,198

11,750

11,585

840

8,438

7,605

-2,809

7,946

12,324

8,231

16,029

7,507

4,562

4,843

7,046

107

7,719

5,792

8,305

1,537

-7,299

-1,903

7,276

-7,683

-13,242

-18,606

64,880

17,623

29,667

30,715

89,253

44,628

53,977

44,419

34,890

59,873

31,826

16,930

18,265

20,759

Net interest income after provision for loan and lease losses

310,045

319,397

329,659

322,150

308,722

309,297

306,522

287,781

276,832

277,578

265,229

249,285

242,112

227,888

228,342

227,627

227,877

223,673

239,264

226,931

214,373

208,941

164,685

172,997

162,834

169,317

186,866

192,770

223,488

198,068

197,733

185,765

190,237

153,165

172,559

153,398

159,568

193,515

170,067

133,036

134,106

117,012

96,273

Noninterest income
Revenue from contract with customers

-

-

-

-

-

-

-

-

-

-

87,538

84,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage income

5,224

-

-

-

3,658

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net impact from FDIC shared-loss termination

-

-

-

-

-

-

-

-

-

-

-

0

-45

0

0

16,559

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to FDIC receivable

-

-

-

-

-

-

-

-

-

-

-

-

-1,628

-2,052

-2,773

-2,367

-2,533

-9,279

-4,130

-4,553

-1,047

-121

-4,386

-15,295

-12,349

-10,552

-23,298

-14,439

-24,053

-43,806

-16,858

-14,134

-26,796

23,714

-18,893

-13,747

-10,379

-32,801

-29,532

12,940

2,587

0

0

Insurance commissions

-51,408

7,120

-967

3,144

11,328

-16,875

3,854

4,440

971

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

19,795

260

1,136

5,719

0

-

0

0

-

-371

1,337

3,351

-24

9,164

352

12,529

4,628

-20

5,564

147

5,126

29,096

0

0

0

-

-

-

-

2,288

31

3

-45

3

254

-96

-449

67

940

-186

1,131

-177

-139

Cardholder and merchant services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,697

22,450

-

30,801

30,543

26,780

27,300

27,982

28,505

23,788

25,306

24,107

Fees from processing services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

143

7,303

5,682

4,861

7,612

4,539

5,051

5,619

9,176

9,521

7,557

8,562

7,763

7,883

7,595

7,246

7,163

7,485

7,226

7,223

7,619

7,136

Gain on acquisitions

-

-

-

-

-

-

-

-

-

0

0

122,728

12,017

0

837

3,290

1,704

0

0

0

42,930

0

0

0

0

-

-

-

-

-

-

-

-

0

86,943

0

63,474

0

0

0

136,000

104,434

0

Gain (Loss) on Extinguishment of Debt

-

-

0

0

-

-

703

0

25,814

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

625

3,302

6,176

5,034

3,919

3,997

2,538

6,001

7,164

7,987

7,187

6,792

7,115

12,041

10,718

5,990

5,421

11,183

5,542

11,074

8,560

8,733

6,946

7,857

5,741

10,853

21,933

5,789

11,174

3,092

-4,082

2,314

3,595

15,692

11,612

317

1,434

6,669

748

-125

139

706

-366

Total noninterest income

64,011

104,393

100,930

106,875

103,663

82,007

94,531

100,927

122,684

108,613

96,062

217,641

99,647

13,726

117,841

140,250

105,282

99,135

109,750

107,450

150,753

135,711

78,599

66,589

62,314

72,956

71,918

64,995

57,513

36,173

51,842

57,296

46,943

105,238

162,899

66,649

129,580

51,674

49,969

92,622

211,949

180,853

71,416

Noninterest expense
Salaries and wages

145,255

144,324

137,841

136,526

132,421

134,780

133,867

129,841

129,203

127,534

124,888

121,826

116,362

128,026

107,762

104,059

103,899

105,384

108,992

109,895

105,471

106,262

81,825

81,839

79,353

80,552

76,463

75,802

76,119

77,891

76,675

76,786

75,684

78,283

77,877

76,124

75,804

76,535

74,727

74,475

72,160

66,131

63,751

Employee benefits

38,511

29,411

28,358

30,197

32,535

27,547

28,850

29,715

32,091

27,998

25,416

25,383

27,178

14,579

26,750

25,661

27,350

26,968

27,121

28,002

31,218

20,260

19,797

19,741

20,100

20,343

21,889

23,228

25,019

19,313

18,741

20,558

20,249

17,016

17,153

18,708

19,649

16,128

14,455

15,839

18,311

15,390

15,773

Occupancy expense

27,480

28,369

28,163

26,886

27,761

28,483

26,632

26,100

27,954

27,275

26,594

26,059

24,762

27,785

24,857

24,955

25,012

24,779

22,260

25,532

25,620

25,800

20,265

20,300

20,410

19,596

18,844

18,464

18,809

19,331

18,860

18,000

18,607

19,494

18,538

18,487

18,313

18,060

18,353

18,517

17,836

17,282

15,970

Equipment expense

27,850

28,291

28,770

28,489

26,740

26,888

25,880

25,167

24,974

24,349

23,887

24,654

24,588

23,705

23,736

22,715

22,345

23,355

22,447

23,296

23,541

21,963

18,767

19,581

18,773

19,072

18,822

18,698

18,946

20,675

17,983

17,998

18,166

17,567

17,478

17,515

17,391

17,224

17,251

16,604

15,815

14,990

14,749

Processing fees paid to third parties

10,372

8,572

7,250

6,641

7,089

6,634

7,297

7,890

8,196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant processing

-

-

-

-

-

-

-

-

-

-

-

2,500

18,300

-

18,686

17,925

15,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cardholder processing

-

-

-

-

-

-

-

-

-

-

-

0

6,800

-

7,416

7,372

6,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance expense

3,466

2,807

2,440

2,757

2,660

2,479

5,186

5,492

5,733

5,444

5,449

5,705

5,593

5,794

5,796

4,588

4,789

4,585

4,933

4,551

4,271

4,788

2,915

2,640

2,636

2,380

2,706

2,423

2,666

2,917

2,016

2,666

3,057

2,965

2,768

2,501

8,225

5,829

5,842

6,609

4,887

5,497

13,763

Collection and foreclosure-related expenses

4,054

2,269

3,044

3,659

3,022

4,178

4,269

3,974

4,146

4,825

3,443

2,376

3,763

8,725

4,039

-1,116

1,731

7,648

1,087

1,019

2,557

3,262

4,838

3,858

5,410

5,075

4,287

3,467

4,305

13,420

7,255

15,389

4,590

22,340

14,558

3,747

5,488

13,635

-1,271

4,014

4,061

3,869

1,785

Merger-related expenses

4,232

7,471

3,892

4,084

1,719

2,326

1,126

2,412

598

767

562

6,853

833

154

3,764

1,385

38

2,925

3,679

4,573

2,997

5,656

1,505

3,450

2,453

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

38,751

40,748

30,667

34,158

33,710

42,063

34,430

35,402

35,168

19,215

47,403

42,191

33,621

5,385

44,427

50,759

45,336

-27,527

69,653

67,823

62,491

11,431

51,898

47,611

41,895

48,906

49,132

46,485

48,491

44,390

48,547

43,400

42,978

53,918

55,460

50,400

45,158

54,388

47,494

45,718

39,880

41,340

33,329

Total noninterest expense

299,971

292,262

270,425

273,397

267,657

275,378

267,537

265,993

268,063

263,080

257,642

255,047

236,700

160,559

267,233

258,303

251,671

255,886

260,172

264,691

258,166

257,216

201,810

199,020

191,030

196,315

192,143

188,567

194,355

198,728

190,077

194,797

183,331

211,583

203,832

187,482

190,028

201,799

176,851

181,776

172,950

164,499

159,120

Income before income taxes

74,085

131,528

160,164

155,628

144,728

115,926

133,516

122,715

131,453

123,111

103,649

211,879

105,059

81,055

78,950

109,574

81,488

66,922

88,842

69,690

106,960

87,436

41,474

40,566

34,118

45,958

66,641

69,198

86,646

35,513

59,498

48,264

53,849

46,820

131,626

32,565

99,120

43,390

43,185

43,882

173,105

133,366

8,569

Income taxes

16,916

-

-

-

33,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

35,385

36,269

-

-

16,198

29,424

31,222

-

36,585

77,219

37,438

-

27,546

40,258

29,416

-

32,884

25,168

39,802

57,879

14,973

13,880

11,639

-28,084

25,659

25,292

31,061

50,142

19,974

10,681

18,354

32,910

50,205

11,265

37,360

-

15,439

15,280

66,494

50,898

2,369

Net income

57,169

101,874

124,779

119,359

111,359

89,473

117,318

93,291

100,231

54,407

67,064

134,660

67,621

52,690

51,404

69,316

52,072

42,748

55,958

44,522

67,158

62,896

26,501

26,686

22,479

26,396

40,982

43,906

55,585

19,793

39,524

37,583

35,495

30,547

81,421

21,300

61,760

30,085

27,746

28,602

106,611

82,468

6,200

Less: Preferred stock dividends

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available to common shareholders

57,169

-

-

-

111,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Average shares outstanding (in shares)

10,473

10,698

11,060

11,286

11,519

11,761

11,971

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,010

12,030

9,618

9,618

9,618

9,618

9,618

9,618

9,618

10,158

10,264

10,271

10,283

10,284

10,363

10,422

10,434

10,434

10,434

10,434

10,434

10,434

10,434

Net income per share

5.46

9.55

11.27

10.56

9.67

7.61

9.80

7.77

8.35

7.54

5.58

11.21

5.63

4.38

4.28

5.77

4.34

3.56

4.66

3.71

5.59

5.69

2.76

2.77

2.34

2.75

4.26

4.56

5.78

1.96

3.85

3.66

3.45

2.98

7.86

2.04

5.92

2.88

2.66

2.74

10.22

7.90

0.59

Wealth management services
Revenue from contract with customers

18,160

18,009

15,957

18,479

16,633

21,093

14,678

14,925

14,782

15,671

15,487

14,518

11,907

-14,630

21,537

21,054

19,358

20,139

19,588

19,214

18,401

21,270

13,248

13,257

11,832

12,472

12,791

12,026

11,071

-

11,505

-

-

-

-

-

-

-

-

-

-

-

-

Cardholder services, net
Revenue from contract with customers

5,888

5,980

6,034

6,455

5,835

5,992

5,857

6,478

6,177

4,657

5,528

5,800

6,693

-50,492

25,179

24,236

21,977

21,252

22,005

22,070

18,880

19,963

15,556

15,035

13,521

13,406

14,887

15,245

12,486

-

13,220

-

-

-

-

-

-

-

-

-

-

-

-

Other service charges and fees
Revenue from contract with customers

26,413

27,224

27,112

25,790

25,065

26,997

25,994

25,952

26,543

27,246

25,951

25,862

22,142

22,471

23,154

21,884

21,850

22,974

23,153

22,361

22,058

23,906

15,489

15,265

14,440

15,233

15,546

14,883

14,999

16,108

15,549

15,061

14,846

15,818

16,389

15,778

15,790

17,359

18,063

19,513

18,827

20,336

19,163

Merchant services, net
Revenue from contract with customers

26,412

24,455

25,212

24,573

25,001

24,423

24,459

25,515

23,569

22,603

21,234

21,920

20,962

19,381

19,915

21,291

19,634

18,207

22,223

21,555

20,880

19,763

15,657

15,815

14,880

14,904

15,112

15,097

14,515

14,822

14,129

14,530

13,755

13,556

14,011

14,119

13,288

12,596

12,826

14,222

11,734

12,071

11,481

ATM income
Revenue from contract with customers

7,792

7,821

8,237

8,164

7,422

7,719

7,651

7,756

7,480

7,019

7,073

6,628

7,601

5,318

7,567

7,137

6,989

6,594

6,208

5,730

5,455

5,565

4,001

4,250

3,944

3,921

4,043

3,966

3,766

3,847

3,377

3,574

3,441

4,474

6,256

5,960

5,957

6,328

4,734

5,110

4,648

4,078

4,068

Mortgage income
Revenue from contract with customers

-

-

7,438

5,038

-

-

4,123

4,703

4,237

-

6,775

4,966

7,576

-

6,692

4,537

1,311

3,196

4,852

5,571

4,549

2,499

1,164

1,210

955

1,331

2,277

3,669

3,788

3,354

1,619

175

2,924

-2,242

3,994

2,530

2,315

3,351

3,013

1,924

1,411

2,844

2,369

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

3,688

3,705

2,960

2,854

3,291

3,231

2,755

2,940

3,776

3,450

2,894

2,563

3,558

2,952

2,755

2,265

3,178

3,059

2,945

2,456

3,297

3,167

2,422

2,253

3,287

2,548

2,772

2,394

2,980

2,412

2,568

2,238

2,756

2,155

2,196

2,280

2,534

2,070

1,980

1,794

2,806

1,926

1,825

Gain on extinguishment of debt
Revenue from contract with customers

1,422

1,525

1,635

1,625

1,511

1,673

1,919

2,217

2,171

2,261

2,596

2,513

1,773

1,765

1,908

1,845

1,765

1,830

1,800

1,825

1,664

1,727

1,199

1,260

1,202

1,228

1,316

1,314

1,168

1,280

1,263

1,281

1,455

1,607

1,453

1,370

1,590

1,572

1,730

1,699

1,655

1,710

1,772

Retained Earnings
Net Income (Loss) Attributable to Parent

-

-

-

119,359

-

-

-

93,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-