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First Citizens Bancshares Inc  (FCNCA)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

FCNCA's Net Income Growth by Quarter and Year

First Citizens Bancshares Inc's Net Income results by quarter and year




FCNCA Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 514.00 257.00 123.28 138.08
III Quarter September 752.00 315.00 124.07 142.68
II Quarter June 682.00 255.00 152.79 153.79
I Quarter March 9,518.00 271.00 147.32 57.17
FY   11,466.00 1,098.00 547.46 491.72



FCNCA Net Income fourth quarter 2023 Y/Y Growth Comment
First Citizens Bancshares Inc reported Net Income surge of 100% year on year in the fourth quarter 2023, to $ 514.00 millions, this is lower than First Citizens Bancshares Inc's recent average Net Income surge of 153.71%.

Looking into fourth quarter 2023 results within Regional Banks industry 13 other companies have achieved higher Net Income growth. While First Citizens Bancshares Inc' s Net Income jump of 100% ranks overall at the positon no. 502 in the fourth quarter 2023.




FCNCA Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 100 % 108.47 % -10.72 % 35.55 %
III Quarter September 138.73 % 153.89 % -13.04 % 14.35 %
II Quarter June 167.45 % 66.9 % -0.65 % 28.85 %
I Quarter March 3412.18 % 83.95 % 157.69 % -48.66 %
FY   944.26 % 100.56 % 11.34 % 7.51 %

Financial Statements
First Citizens Bancshares Inc's fourth quarter 2023 Net Income $ 514.00 millions FCNCA's Income Statement
First Citizens Bancshares Inc's fourth quarter 2022 Net Income $ 257.00 millions Quarterly FCNCA's Income Statement
New: More FCNCA's historic Net Income Growth >>


FCNCA Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -31.65 % -18.41 % -0.64 % -3.22 %
III Quarter September 10.26 % 23.53 % -18.8 % -7.22 %
II Quarter June -92.83 % -5.9 % 3.71 % 169 %
I Quarter March 3603.5 % 119.82 % 6.69 % -43.88 %
FY (Year on Year)   944.26 % 100.56 % 11.34 % 7.51 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #14
Financial Sector #98
Overall #502

Net Income Y/Y Growth Statistics
High Average Low
1441.4 % 153.71 % -36.81 %
(Mar 31 2023)   (Sep. 30, 2014)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #14
Financial Sector #98
Overall #502
Net Income Y/Y Growth Statistics
High Average Low
1441.4 % 153.71 % -36.81 %
(Mar 31 2023)   (Sep. 30, 2014)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

First Citizens Bancshares Inc's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
3603.5 % 86.44 % -100 %
(Mar 31 2023)  


FCNCA's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 First Citizens Bancshares Inc realized fall in Net Income from the third quarter by -31.65% to $ 514.00 millions, from $ 752.00 millions declared in the previous reporting period.

But that's not huge problem, as Net Income always gravitate to plunge in this quarter.

Within Regional Banks industry 61 other companies have achieved higher Net Income quarter on quarter growth. While First Citizens Bancshares Inc's Net Income growth quarter on quarter, overall rank is 1019.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #62
Financial Sector #248
Overall #1019
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #62
Financial Sector #248
Overall #1019
Net Income Q/Q Growth Statistics
High Average Low
3603.5 % 86.44 % -100 %
(Mar 31 2023)  


FCNCA's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 First Citizens Bancshares Inc disclosed fall in Net Income from the previous quarter by -31.65% to $ 514.00 millions, from $ 752.00 millions declared in the previous reporting period.

But that's not big concern, as Net Income always tend to dip in the IV. Quarter.

Within Regional Banks industry 61 other companies have achieved higher Net Income quarter on quarter growth. While First Citizens Bancshares Inc's Net Income growth quarter on quarter, overall rank is 1019.


First Citizens Bancshares Inc's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 11,466.00 $ 11,209.00 $ 10,772.00 $ 10,345.00 $ 1,098.00
Y / Y Net Income Growth (TTM) 944.26 % 1062.42 % 1292.89 % 1441.4 % 100.56 %
Year on Year Net Income Growth Overall Ranking # 151 # 316 # 312 # 627 # 693
Seqeuential Net Income Change (TTM) 2.29 % 4.06 % 4.13 % 842.17 % 13.87 %
Seq. Net Income Growth (TTM) Overall Ranking # 502 # 583 # 454 # 538 # 940




Cumulative Net Income growth Comment
Assuming the First Citizens Bancshares Inc's fiscal year would have ended in Dec 31 2023, First Citizens Bancshares Inc would have reprted above average annual Net Income surge of 944.26% year on year, of $ 11,466 millions.
This marks a slow-down of the companys growth trends and from the 1062.42% surge in Sep 30 2023.

Within the Financial sector 28 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 151, from total ranking in previous quarter at 316.

Net Income TTM Q/Q Growth Statistics
High Average Low
1441.4 %
153.71 %
-36.81 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 14
Financial Sector # 29
Overall # 151

Net Income TTM Y/Y Growth Statistics
High Average Low
1441.4 %
153.71 %
-36.81 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 98
S&P 500 # 502
Cumulative Net Income growth Comment
Assuming the First Citizens Bancshares Inc's fiscal year would have ended in Dec 31 2023, First Citizens Bancshares Inc would have reprted above average annual Net Income surge of 944.26% year on year, of $ 11,466 millions.
This marks a slow-down of the companys growth trends and from the 1062.42% surge in Sep 30 2023.

Within the Financial sector 28 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 151, from total ranking in previous quarter at 316.

Net Income TTM Q/Q Growth Statistics
High Average Low
1441.4 %
153.71 %
-36.81 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 14
Financial Sector # 29
Overall # 151

Net Income TTM Y/Y Growth Statistics
High Average Low
1441.4 %
153.71 %
-36.81 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 98
S&P 500 # 502




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
FCNCA's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for FCNCA's Competitors
Net Income Growth for First Citizens Bancshares Inc's Suppliers
Net Income Growth for FCNCA's Customers

You may also want to know
FCNCA's Annual Growth Rates FCNCA's Profitability Ratios FCNCA's Asset Turnover Ratio FCNCA's Dividend Growth
FCNCA's Roe FCNCA's Valuation Ratios FCNCA's Financial Strength Ratios FCNCA's Dividend Payout Ratio
FCNCA's Roa FCNCA's Inventory Turnover Ratio FCNCA's Growth Rates FCNCA's Dividend Comparisons



Companies with similar Net Income surge for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
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First Citizens Bancshares Inc100.00%$ 100.000 millions
Travelers Companies inc 98.53%$ 98.535 millions
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Enstar Group Ltd89.72%$ 89.720 millions
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