What is First Citizens BancShares's rail — income tax?

First Citizens BancShares (FCNCA) reported rail — income tax of $7M in Q1 2026.

How has First Citizens BancShares's rail — income tax changed year-over-year?

First Citizens BancShares's rail — income tax decreased by 12.5% year-over-year, from $8M to $7M.

What does rail — income tax mean?

The portion of the rail segment's pre-tax income that is allocated to federal, state, and local tax authorities. This reflects the tax burden associated with the segment's specific earnings and jurisdictional operations.

First Citizens BancShares FCNCA Rail — Income Tax

Other segment segments

Commercial Bank

$95M+31.9%

General Bank

$90M+2.3%

Similar metrics at other companies

UFPIRetail — Income Tax Expense Benefit

$5.79M+4.7%

EOLSReportable Segment — Income Tax

$256K+256%

UFPTReportable Segment — Income Tax

$4.11M+32.8%

KNTKPipeline Transportation — Income Tax Expense (Benefit)

$0—

GXOReportable Segment — Income Tax

$12M+500%

MQReportable Segment — Income Tax

$193K-17.9%

Other financials

Income statement

See full

Revenue$2.3B+0.7%

Net income$534.0M+10.6%

EPS (diluted)$42.63+23.7%

Balance sheet

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Cash & equivalents$1.1B+33.0%

Total debt$34.5B-12.0%

Total equity$22.0B-1.1%

Total assets$235.96B+3.1%

Cash flow

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Operating cash flow$172.0M+75.5%

CapEx$141.0M+36.9%

Free cash flow$31.0M+720%

Valuation

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Market cap$24.11B-7.3%

Enterprise value$57.55B-10.3%

P/E10.7×-0.2×

P/S2.5×-0.2×

Profitability

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Net margin23.6%-2.7pp

FCF margin23.5%+0.8pp

Returns & leverage

See full

Return on equity10.2%-1.3pp

Debt / equity1.6×-0.2×

Where this comes from

Reported directly by First Citizens BancShares in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: First Citizens BancShares’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Citizens BancShares's rail — income tax?: First Citizens BancShares (FCNCA) reported rail — income tax of $7M in Q1 2026.
How has First Citizens BancShares's rail — income tax changed year-over-year?: First Citizens BancShares's rail — income tax decreased by 12.5% year-over-year, from $8M to $7M.
What does rail — income tax mean?: The portion of the rail segment's pre-tax income that is allocated to federal, state, and local tax authorities. This reflects the tax burden associated with the segment's specific earnings and jurisdictional operations.