What does lease costs mean?

This metric encompasses the direct operating expenses associated with maintaining and managing a portfolio of leased assets. It includes depreciation of the leased equipment, maintenance costs, and other related overheads.

First Citizens BancShares FCNCA Lease Costs

Segments

By segment

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Rail$65M+12.1%

Commercial Bank$0—

General Bank$0—

Other financials

Income statement

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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

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Return on equity10.2%-1.3pp

Debt / equity1.6×-0.2×

Questions, answered.

What does lease costs mean?: This metric encompasses the direct operating expenses associated with maintaining and managing a portfolio of leased assets. It includes depreciation of the leased equipment, maintenance costs, and other related overheads.