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FCNCA First Citizens Bancshares, Inc

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank is one of the largest family-controlled banks in the U.S., with offices in 19 states. Drawing from over a century of experience serving the needs of business customers, First Citizens focuses on developing long-term relationships and offers a comprehensive array of products and services to help small businesses manage their finances and grow. First Citizens Bank is a major subsidiary of First Citizens BancShares Inc., which has over $48 billion in assets.

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

3 Aug 21
4 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 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) 395.36M 395.36M 395.36M 395.36M 395.36M 395.36M
Cash burn (monthly) 5.04M (positive/no burn) (positive/no burn) (positive/no burn) 234.31M 29.9M
Cash used (since last report) 5.9M n/a n/a n/a 274.18M 34.99M
Cash remaining 389.46M n/a n/a n/a 121.18M 360.37M
Runway (months of cash) 77.2 n/a n/a n/a 0.5 12.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Jul 21 Bryant Hope Holding Class B Common Stock Gift Aquire G Yes No 0 149 0 198
20 Jul 21 Bryant Hope Holding Class B Common Stock Gift Dispose G Yes No 0 170 0 1,577
14 May 21 Bryant Hope Holding Class A Common Stock Gift Dispose G Yes No 0 78,387 0 91,989
14 May 21 Bryant Hope Holding Class A Common Stock Gift Aquire G Yes No 0 78,387 0 78,387
24 Mar 21 John M Alexander Class A Common Stock Gift Aquire G Yes No 0 200 0 200
24 Mar 21 John M Alexander Class A Common Stock Gift Dispose G No No 0 200 0 1,027
19 Mar 21 Jeffery L Ward Class A Common Stock Buy Aquire P No No 837.99 178 149.16K 378
23 Feb 21 Carson H Brice Class A Common Gift Aquire G Yes No 0 1,600 0 86,330
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

Financial report summary

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Competition
Truist BankTruist Bank
Management Discussion
  • Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • 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 its subsidiaries (“BancShares”). This discussion and analysis should be read in conjunction with the unaudited consolidated financial statements and related notes presented within this Quarterly Report on Form 10-Q along with our financial statements and related MD&A of financial condition and results of operations included in our Annual Report on Form 10-K for the year ended December 31, 2020 (“2020 Annual Report”). Intercompany accounts and transactions have been eliminated. Although certain amounts for prior years have been reclassified to conform to statement presentations for 2021, 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.
  • BancShares conducts its banking operations through its wholly-owned subsidiary First-Citizens Bank & Trust Company (“FCB”), a state-chartered bank organized under the laws of the state of North Carolina.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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