Income StatementBalance SheetCash FlowSegments
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First Citizens BancShares Business Segments

Business, geographic, and product segment breakdowns

First Citizens BancShares generates $9.6B in annual revenue across 3 key segments: Commercial Bank ($5.0B), General Bank ($4.0B), and Rail ($693.0M). Based on the Q1 2026 filing.

Commercial Bank (TTM)$5.0BGeneral Bank (TTM)$4.0BRail (TTM)$693.0M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$22.5B
P/E Ratio9.97
ROE10.18%

Products & Services

Noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deposit fees and service charges$58.0M$58.0M$59.0M$61.0M$63.0M$70.0M
Lending-related fees$68.0M$66.0M$69.0M$67.0M$64.0M$69.0M
Wealth management services$54.0M$56.0M$55.0M$57.0M$61.0M$59.0M
Client investment fees$54.0M$53.0M$52.0M$58.0M$54.0M$53.0M
Cardholder services, net$41.0M$41.0M$41.0M$39.0M$37.0M$38.0M
International fees$33.0M$32.0M$33.0M$34.0M$37.0M$35.0M
Factoring commissions$20.0M$17.0M$18.0M$18.0M$20.0M$17.0M
Insurance commissions$13.0M$14.0M$14.0M$13.0M$12.0M$13.0M
Merchant services, net$13.0M$14.0M$13.0M$12.0M$13.0M$13.0M

Business Segments

Acquisition-related expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$0.0$0.0$0.0$0.0$0.0$0.0
General Bank$0.0$0.0$0.0$0.0$0.0$0.0
Rail$0.0$0.0$0.0$0.0$0.0$0.0

Deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General Bank$73.0B$74.3B$73.5B$74.6B$74.8B$75.9B
Commercial Bank$40.0B$40.0B$2.9B$3.0B$41.5B$47.2B
Rail$18.0M$12.0M$3.0M$2.0M$2.0M$2.0M

Depreciation on operating lease equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rail$57.0M$54.0M$56.0M$55.0M$58.0M$58.0M
Commercial Bank$44.0M$44.0M$44.0M$43.0M$44.0M$43.0M
General Bank$0.0$0.0$0.0$0.0$0.0$0.0

Pre-Tax Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$1.2B$281.0M$137.0M$24.0M$1.1B$386.0M
General Bank$378.0M$341.0M$395.0M$429.0M$390.0M$368.0M
Rail$40.0M$30.0M$25.0M$22.0M$38.0M$29.0M

Income Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$315.0M$72.0M$35.0M$6.0M$264.0M$95.0M
General Bank$92.0M$88.0M$101.0M$109.0M$82.0M$90.0M
Rail$9.0M$8.0M$6.0M$5.0M$9.0M$7.0M

Interest Income (Expense), Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General Bank$777.0M$788.0M$824.0M$846.0M$841.0M$813.0M
Commercial Bank$2.5B$786.0M$299.0M$303.0M$2.3B$802.0M
Rail-$50.0M-$52.0M-$53.0M-$55.0M-$53.0M-$58.0M

Investment securities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$0.0$0.0——$0.0$0.0
General Bank$0.0$0.0——$0.0$0.0
Rail$0.0$0.0——$0.0$0.0

Maintenance and other operating lease expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rail$55.0M$58.0M$55.0M$67.0M$64.0M$65.0M
Commercial Bank$0.0$0.0$0.0$0.0$0.0$0.0
General Bank$0.0$0.0$0.0$0.0$0.0$0.0

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$863.0M$209.0M$102.0M$18.0M$812.0M$291.0M
General Bank$286.0M$253.0M$294.0M$320.0M$308.0M$278.0M
Rail$31.0M$22.0M$19.0M$17.0M$29.0M$22.0M

Noninterest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$1.8B$654.0M$267.0M$266.0M$1.8B$646.0M
General Bank$543.0M$565.0M$580.0M$582.0M$604.0M$600.0M
Rail$133.0M$134.0M$143.0M$144.0M$144.0M$148.0M

Noninterest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$698.0M$257.0M$152.0M$155.0M$693.0M$285.0M
Rail$223.0M$216.0M$221.0M$221.0M$235.0M$235.0M
General Bank$166.0M$164.0M$164.0M$166.0M$170.0M$172.0M

Noninterest Income, Other Miscellaneous

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$643.0M$201.0M$98.0M$101.0M$638.0M$230.0M
General Bank$166.0M$164.0M$164.0M$166.0M$170.0M$172.0M
Rail$6.0M$2.0M$3.0M$2.0M$9.0M$9.0M

Operating lease equipment, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rail$8.6B$8.6B$8.7B$8.7B$8.9B$9.0B
Commercial Bank$750.0M$731.0M$750.0M$737.0M$739.0M$717.0M
General Bank$0.0$0.0$0.0$0.0$0.0$0.0

Other Non-interest Expense, Miscellaneous

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$1.2B$420.0M$154.0M$149.0M$1.2B$404.0M
General Bank$364.0M$355.0M$370.0M$369.0M$403.0M$385.0M
Rail$16.0M$14.0M$26.0M$16.0M$16.0M$17.0M

Personnel cost

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General Bank$179.0M$210.0M$210.0M$213.0M$201.0M$215.0M
Commercial Bank$536.0M$190.0M$69.0M$74.0M$522.0M$199.0M
Rail$5.0M$8.0M$6.0M$6.0M$6.0M$8.0M

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$226.0M$108.0M$47.0M$168.0M$137.0M$55.0M
General Bank$22.0M$46.0M$13.0M$1.0M$17.0M$17.0M
Rail$0.0$0.0$0.0$0.0$0.0$0.0

Rental income on operating lease equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rail$217.0M$214.0M$218.0M$219.0M$226.0M$226.0M
Commercial Bank$55.0M$56.0M$54.0M$54.0M$55.0M$55.0M
General Bank$0.0$0.0$0.0$0.0$0.0$0.0

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$3.2B$1.0B$451.0M$458.0M$3.0B$1.1B
General Bank$943.0M$952.0M$988.0M$1.0B$1.0B$985.0M
Rail$173.0M$164.0M$168.0M$166.0M$182.0M$177.0M

Total loans and leases

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$75.3B$76.4B$38.7B$38.8B$82.9B$84.3B
General Bank$64.9B$64.8B$65.0B$65.2B$65.0B$64.4B
Rail$62.0M$62.0M$62.0M$63.0M$62.0M$62.0M