Discontinued — last reported Q1 '24
Business Segments · Net Income
General Banking — Net Income
First Citizens BancShares General Banking — Net Income decreased by 6.7% to $210.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $199.00M to $210.00M. Over 2 years (FY 2021 to FY 2023), General Banking — Net Income shows an upward trend with a 24.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ1 2024
Rolls up toNet Income
How to read this metric
Higher values indicate strong overall financial health and value creation for the segment.
Detailed definition
This is the final bottom-line profit of the segment after all expenses, provisions, and taxes have been deducted. It rep...
Peer comparison
The primary metric for evaluating the absolute financial contribution of a business segment.
Metric ID:
fcnca_segment_general_banking_net_incomeHistorical Data
12 periods
| 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 | $153.00M | $141.00M | $148.00M | $126.00M | $155.00M | $156.00M | $219.00M | $199.00M | $227.00M | $241.00M | $225.00M | $210.00M |
| QoQ Change | — | -7.8% | +5.0% | -14.9% | +23.0% | +0.6% | +40.4% | -9.1% | +14.1% | +6.2% | -6.6% | -6.7% |
| YoY Change | — | — | — | — | +1.3% | +10.6% | +48.0% | +57.9% | +46.5% | +54.5% | +2.7% | +5.5% |
Range$126.00M – $241.00M
CAGR+12.2%
Avg YoY Growth+28.4%
Median YoY Growth+28.5%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is First Citizens BancShares's general banking — net income?
- First Citizens BancShares (FCNCA) reported general banking — net income of $210.00M in Q1 2024.
- How has First Citizens BancShares's general banking — net income changed year-over-year?
- First Citizens BancShares's general banking — net income increased by 5.5% year-over-year, from $199.00M to $210.00M.
- What is the long-term trend for First Citizens BancShares's general banking — net income?
- Over 2 years (2021 to 2023), First Citizens BancShares's general banking — net income has grown at a 24.3% compound annual growth rate (CAGR), from $577.00M to $892.00M.
- What does general banking — net income mean?
- The total profit of the segment after all costs and taxes are paid.