Discontinued — last reported Q1 '24
Commercial Banking — Net Income
First Citizens BancShares Commercial Banking — Net Income increased by 408.3% to $122.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 38.6%, from $88.00M to $122.00M. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Net Income shows an upward trend with a 301.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher net income indicates strong overall segment health and value creation for the parent organization.
Detailed definition
This is the final bottom-line profit for the commercial banking segment after all operating expenses, credit provisions,...
Peer comparison
The primary metric for evaluating segment-level contribution to total corporate earnings in banking.
fcnca_segment_commercial_banking_net_incomeHistorical 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 | $3.00M | $4.00M | $121.00M | $95.00M | $95.00M | $96.00M | $88.00M | $28.00M | $37.00M | $24.00M | $122.00M |
| QoQ Change | — | +50.0% | +33.3% | >999% | -21.5% | +0.0% | +1.1% | -8.3% | -68.2% | +32.1% | -35.1% | +408.3% |
| YoY Change | — | — | — | — | >999% | >999% | >999% | -27.3% | -70.5% | -61.1% | -75.0% | +38.6% |
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Frequently Asked Questions
- What is First Citizens BancShares's commercial banking — net income?
- First Citizens BancShares (FCNCA) reported commercial banking — net income of $122.00M in Q1 2024.
- How has First Citizens BancShares's commercial banking — net income changed year-over-year?
- First Citizens BancShares's commercial banking — net income increased by 38.6% year-over-year, from $88.00M to $122.00M.
- What is the long-term trend for First Citizens BancShares's commercial banking — net income?
- Over 2 years (2021 to 2023), First Citizens BancShares's commercial banking — net income has grown at a 301.1% compound annual growth rate (CAGR), from $11.00M to $177.00M.
- What does commercial banking — net income mean?
- The actual profit the commercial banking segment keeps after all expenses and taxes are paid.