Discontinued — last reported Q1 '24
Commercial Banking — Pre-Tax Income
First Citizens BancShares Commercial Banking — Pre-Tax Income increased by 331.6% to $164.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 39.0%, from $118.00M to $164.00M. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Pre-Tax Income shows an upward trend with a 319.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher values indicate strong operational performance and effective management of both revenue and expenses within the segment.
Detailed definition
This represents the total profit generated by the commercial banking segment before the deduction of income tax expenses...
Peer comparison
A standard pre-tax profitability metric used to compare segment performance across peer banking organizations.
fcnca_segment_commercial_banking_income_before_income_taxesHistorical 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 | $2.00M | $4.00M | $5.00M | $162.00M | $119.00M | $119.00M | $134.00M | $118.00M | $39.00M | $51.00M | $38.00M | $164.00M |
| QoQ Change | — | +100.0% | +25.0% | >999% | -26.5% | +0.0% | +12.6% | -11.9% | -66.9% | +30.8% | -25.5% | +331.6% |
| YoY Change | — | — | — | — | >999% | >999% | >999% | -27.2% | -67.2% | -57.1% | -71.6% | +39.0% |
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Frequently Asked Questions
- What is First Citizens BancShares's commercial banking — pre-tax income?
- First Citizens BancShares (FCNCA) reported commercial banking — pre-tax income of $164.00M in Q1 2024.
- How has First Citizens BancShares's commercial banking — pre-tax income changed year-over-year?
- First Citizens BancShares's commercial banking — pre-tax income increased by 39.0% year-over-year, from $118.00M to $164.00M.
- What is the long-term trend for First Citizens BancShares's commercial banking — pre-tax income?
- Over 2 years (2021 to 2023), First Citizens BancShares's commercial banking — pre-tax income has grown at a 319.2% compound annual growth rate (CAGR), from $14.00M to $246.00M.
- What does commercial banking — pre-tax income mean?
- The total profit earned by the commercial banking segment before paying income taxes.