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FCNCA First Citizens Bancshares, Inc

First Citizens BancShares, Inc. is a bank holding company, which engages in the provision of retail and commercial banking services through its subsidiary. It operates through the following business lines: Card Holder and Merchant Services; Services Charges on Deposit Accounts; Wealth Management Services; Other Service Charges and Fees; Insurance Commissions; ATM Income; and Other. The Card Holder and Merchant Services business lines include interchange fees from customer debut and credit card transactions. The Services Charges on Deposit Accounts business line represent monthly account maintenance and transaction-based service fees. The Wealth Management Services business line comprises sales commissions on various product offerings, transaction fees, and trust and asset management fees. The Other Service Charges and Fees business line encompasses check cashing fees, international banking fees, internet banking fees, wire transfer fees and safe deposit fees. The Insurance Commissions business line focuses in the commissions earned on the issuance of insurance products and services. The ATM income covers customers and non-customers for engaging in an ATM transaction. The Other business line composes several forms of recurring revenue such as FHLB dividends and income earned on changes in the cash surrender value of bank-owned life insurance. The company was founded on August 7, 1986 and is headquartered in Raleigh, NC.

Company profile

Ticker
FCNCA, FCNCB, FCNCP
Exchange
CEO
Frank Holding
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
561528994

FCNCA stock data

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Calendar

24 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 362.05M 362.05M 362.05M 362.05M 362.05M 362.05M
Cash burn (monthly) (positive/no burn) 1.22M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 4.41M n/a n/a n/a n/a
Cash remaining n/a 357.64M n/a n/a n/a n/a
Runway (months of cash) n/a 292.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Mar 21 Jeffery L Ward Class A Common Stock Buy Aquire P No No 837.99 178 149.16K 378
9 Mar 21 Frank B Holding JR Class B Common Stock Buy Aquire P Yes No 735 200 147K 2,322
8 Mar 21 Frank B Holding JR Class B Common Stock Buy Aquire P Yes No 735 225 165.38K 2,185
8 Mar 21 Frank B Holding JR Class B Common Stock Buy Aquire P Yes No 735 225 165.38K 4,280
8 Mar 21 Holding Olivia Britton Class B Common Buy Aquire P Yes No 735 330 242.55K 4,480
23 Feb 21 Carson H Brice Class A Common Gift Aquire G Yes No 0 1,600 0 86,330
23 Feb 21 Holding Olivia Britton Class A Common Gift Dispose G Yes No 0 1,600 0 386,502
10 Feb 21 Carson H Brice Class A Common Gift Dispose G Yes No 0 4,200 0 17,285
10 Feb 21 Bryant Hope Holding Class A Common Stock Gift Aquire G Yes No 0 4,200 0 14,200
10 Feb 21 Frank B Holding JR Class A Common Stock Gift Aquire G No No 0 4,200 0 526,503

Financial report summary

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Competition
Truist BankTruist Bank
Management Discussion
  • Taxable-equivalent net interest income was $1.39 billion for the year ended December 31, 2020, an increase of $75.8 million, or 5.8%, compared to 2019. Interest income increased $79.0 million and interest expense increased by $3.2 million.
  • Interest income earned on loans and leases was $1.34 billion during 2020, an increase of $115.2 million compared to 2019. The increase was primarily due to the impacts of SBA-PPP loans, which contributed $90.1 million, and organic loan growth, partially offset by lower yields.
  • Interest income earned on investment securities was $144.8 million and $161.5 million during 2020 and 2019, respectively. The $16.7 million decrease was primarily due to a 73 basis point decline in the investment yield, partially offset by higher average balances.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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