Discontinued — last reported Q1 '24
Business Segments · Noninterest expense
General Banking — Noninterest expense
First Citizens BancShares General Banking — Noninterest expense increased by 25.3% to $520.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 30.7%, from $398.00M to $520.00M. 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 and better cost control.
Detailed definition
This captures the operating costs of the segment, including personnel expenses, technology investments, occupancy costs,...
Peer comparison
Used to calculate the efficiency ratio across the banking industry.
Metric ID:
fcnca_segment_general_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 | $294.75M | $294.75M | $294.75M | $400.00M | $350.00M | $398.00M | $383.00M | $411.00M | $415.00M | $520.00M |
| QoQ Change | — | +0.0% | +0.0% | +35.7% | -12.5% | +13.7% | -3.8% | +7.3% | +1.0% | +25.3% |
| YoY Change | — | — | — | +35.7% | +18.7% | — | — | +2.8% | +18.6% | +30.7% |
Range$294.75M – $520.00M
CAGR+28.7%
Avg YoY Growth+21.3%
Median YoY Growth+18.7%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is First Citizens BancShares's general banking — noninterest expense?
- First Citizens BancShares (FCNCA) reported general banking — noninterest expense of $520.00M in Q1 2024.
- How has First Citizens BancShares's general banking — noninterest expense changed year-over-year?
- First Citizens BancShares's general banking — noninterest expense increased by 30.7% year-over-year, from $398.00M to $520.00M.
- What does general banking — noninterest expense mean?
- The total operating costs required to run the banking segment.