Discontinued — last reported Q1 '24
Commercial Banking — Deposits
First Citizens BancShares Commercial Banking — Deposits decreased by 6.4% to $3.02B in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 0.6%, from $3.04B to $3.02B. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Deposits shows an upward trend with a 607.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher deposit levels provide a stable and low-cost funding base for lending, while a decline may indicate competitive pressure or liquidity constraints.
Detailed definition
This represents the total funds held by customers in accounts within the commercial banking segment, serving as a primar...
Peer comparison
A fundamental metric for all banks, used to assess funding stability and the loan-to-deposit ratio.
fcnca_segment_commercial_banking_depositsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $66.00M | $73.00M | $62.00M | $4.70B | $4.47B | $3.68B | $3.22B | $3.04B | $3.06B | $3.37B | $3.23B | $3.02B |
| QoQ Change | — | +10.6% | -15.1% | >999% | -4.9% | -17.6% | -12.6% | -5.5% | +0.7% | +10.0% | -4.2% | -6.4% |
| YoY Change | — | — | — | — | >999% | >999% | >999% | -35.2% | -31.4% | -8.5% | +0.3% | -0.6% |
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Frequently Asked Questions
- What is First Citizens BancShares's commercial banking — deposits?
- First Citizens BancShares (FCNCA) reported commercial banking — deposits of $3.02B in Q1 2024.
- How has First Citizens BancShares's commercial banking — deposits changed year-over-year?
- First Citizens BancShares's commercial banking — deposits decreased by 0.6% year-over-year, from $3.04B to $3.02B.
- What is the long-term trend for First Citizens BancShares's commercial banking — deposits?
- Over 2 years (2021 to 2023), First Citizens BancShares's commercial banking — deposits has grown at a 607.2% compound annual growth rate (CAGR), from $254.00M to $12.70B.
- What does commercial banking — deposits mean?
- The total amount of money customers have deposited into the commercial banking segment.