Discontinued — last reported Q1 '23
CIT Group Inc. — Net Interest Income
First Citizens BancShares CIT Group Inc. — Net Interest Income decreased by 85.1% to $65.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 85.1%, from $437.50M to $65.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved net interest margins or growth in the interest-earning asset base, while a decrease may indicate margin compression or reduced lending activity.
Detailed definition
This metric represents the difference between the interest income generated by interest-earning assets and the interest...
Peer comparison
Comparable to net interest income reported by commercial finance or specialty lending segments at other diversified banking institutions.
fcnca_segment_cit_group_inc_net_interest_incomeHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|
| Value | $437.50M | $437.50M | $437.50M | $437.50M | $65.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -85.1% |
| YoY Change | — | — | — | — | -85.1% |
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Frequently Asked Questions
- What is First Citizens BancShares's cit group inc. — net interest income?
- First Citizens BancShares (FCNCA) reported cit group inc. — net interest income of $65.00M in Q1 2023.
- How has First Citizens BancShares's cit group inc. — net interest income changed year-over-year?
- First Citizens BancShares's cit group inc. — net interest income decreased by 85.1% year-over-year, from $437.50M to $65.00M.
- What does cit group inc. — net interest income mean?
- The profit earned from the difference between interest received on loans and interest paid on deposits or borrowings for the CIT Group segment.