Discontinued — last reported Q1 '24
Business Segments · Noninterest expense
Commercial Banking — Noninterest expense
First Citizens BancShares Commercial Banking — Noninterest expense increased by 9.6% to $228.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 8.6%, from $210.00M to $228.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2021
Last reportedQ1 2024
Rolls up toTotal Operating Expenses
How to read this metric
Lower values relative to revenue indicate higher operational efficiency, while rising expenses may signal necessary investments in growth or potential inefficiencies.
Detailed definition
This encompasses all operating costs incurred by the commercial banking segment, including personnel salaries, technolog...
Peer comparison
Standard operating expense metric used to calculate the efficiency ratio across all financial institutions.
Metric ID:
fcnca_segment_commercial_banking_noninterest_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $750.00K | $750.00K | $750.00K | $186.00M | $189.00M | $210.00M | $200.00M | $205.00M | $208.00M | $228.00M |
| QoQ Change | — | +0.0% | +0.0% | >999% | +1.6% | +11.1% | -4.8% | +2.5% | +1.5% | +9.6% |
| YoY Change | — | — | — | >999% | >999% | — | — | +10.2% | +10.1% | +8.6% |
Range$750.00K – $228.00M
CAGR>999%
Avg YoY Growth>999%
Median YoY Growth+10.2%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is First Citizens BancShares's commercial banking — noninterest expense?
- First Citizens BancShares (FCNCA) reported commercial banking — noninterest expense of $228.00M in Q1 2024.
- How has First Citizens BancShares's commercial banking — noninterest expense changed year-over-year?
- First Citizens BancShares's commercial banking — noninterest expense increased by 8.6% year-over-year, from $210.00M to $228.00M.
- What does commercial banking — noninterest expense mean?
- The total operating costs required to run the commercial banking business, excluding interest expenses.