FCNCA First Citizens BancShares Inc

All FCNCA filings Filing statistics SEC Website

First Citizens BancShares Inc. (“we,” “us,” “our,” “BancShares,”) was incorporated under the laws of Delaware on August 7, 1986, to become the holding company of First-Citizens Bank & Trust Company ("FCB," or "the Bank"), its banking subsidiary. FCB opened in 1898 as the Bank of Smithfield in Smithfield, North Carolina, and later changed its name to First-Citizens Bank & Trust Company. BancShares has expanded through de novo branching and acquisitions and now operates in 19 states, providing a broad range of financial services to individuals, businesses and professionals. At December 31, 2018, BancShares had total assets of $35.41 billion.

Company profile

Ticker

FCNCA

Exchange

NASDAQ

CEO

Frank B. Holding

Incorporated in

Delaware

Location

North Carolina

Fiscal year end

Dec 31

Sector

Finance > Regional Banks

Industry (SEC)

State Commercial Banks

Bank Of New York Mellon • Ally Financial • Citizens Financial • Northern Trust • State Street • M&T Bank • SVB Financial • Associated Banc-Corp • Commerce Bancshares, Inc. • Prosperity Bancshares ...

SEC CIK

0000798941

Corporate docs

Articles of Incorporation & Bylaws

IRS number

561528994

FCNCA stock data

S&P 500 1 month 1 year

Company financial data Financial data

Chart FCNCA financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue				87.44M
Net income	119.36M	111.36M	89.47M	117.32M
Net profit margin				134%
Net change in cash	15.55M	-58.84M	64.92M	2M
Cash on hand	284.15M	268.6M	327.44M	262.53M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Net income	400.31M	323.75M	225.48M	210.39M
Net change in cash	-8.71M	-203.59M	5.66M	-70.1M
Cash on hand	327.44M	336.15M	539.74M	534.09M

Financial data from company earnings reports

Financial report summary

Management Discussion

Management’s discussion and analysis (MD&A) of earnings and related financial data are presented to assist in understanding the financial condition and results of operations of First Citizens BancShares, Inc. and Subsidiaries (BancShares). This discussion and analysis should be read in conjunction with the unaudited consolidated financial statements and related notes presented within this report along with our financial statements and related MD&A of financial condition and results of operations included in our 2018 Annual Report on Form 10-K. Intercompany accounts and transactions have been eliminated. Although certain amounts for prior years have been reclassified to conform to statement presentations for 2019, the reclassifications had no effect on shareholders’ equity or net income as previously reported. Unless otherwise noted, the terms “we,” “us” and “BancShares” refer to the consolidated financial position and consolidated results of operations for BancShares.

Content analysis ?

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Readability	H.S. freshman Bad

New words: August, BOLI, CCBI, centric, compression, customary, disciplined, firm, franchise, global, leading, legacy, light, local, muted, peaked, people, pressure, prospective, satisfaction, trend, unsettled, upward, weakening

Removed: altered, bearing, Commerce, consistent, construction, development, earning, enacted, enactment, equal, Guaranty, Heritage, immaterial, impacted, land, leased, longer, nonresidential, Palmetto, publishing, recourse, represented, revolving, run, safety, shareholder, solid, traditionally, updated, view

From filing 10-Q 2019 Q2