
First Citizens BancShares, Inc.
FCNCAFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
14,940
Cost of Revenue
5,641
Gross Profit
9,299
Gross Margin
62.2%
Operating Income
3,592
Operating Margin
24.0%
Net Income
2,777
Net Margin
18.6%
EPS (Basic)
$189.42
EPS (Diluted)
$189.41
EBITDA
3,722
EBITDA Margin
24.9%
2023
12/31/2023
Revenue
12,638
Cost of Revenue
5,054
Gross Profit
7,584
Gross Margin
60.0%
Operating Income
12,077
Operating Margin
95.6%
Net Income
11,466
Net Margin
90.7%
EPS (Basic)
$785.18
EPS (Diluted)
$784.55
EBITDA
12,020
EBITDA Margin
95.1%
2022
12/31/2022
Revenue
5,096
Cost of Revenue
1,112
Gross Profit
3,984
Gross Margin
78.2%
Operating Income
1,362
Operating Margin
26.7%
Net Income
1,098
Net Margin
21.5%
EPS (Basic)
$67.47
EPS (Diluted)
$67.40
EBITDA
1,895
EBITDA Margin
37.2%
2021
12/31/2021
Revenue
1,899
Cost of Revenue
24
Gross Profit
1,875
Gross Margin
98.7%
Operating Income
701
Operating Margin
36.9%
Net Income
547
Net Margin
28.8%
EPS (Basic)
$53.88
EPS (Diluted)
$53.88
EBITDA
844
EBITDA Margin
44.4%
2020
12/31/2020
Revenue
1,916
Cost of Revenue
154
Gross Profit
1,762
Gross Margin
92.0%
Operating Income
618
Operating Margin
32.3%
Net Income
492
Net Margin
25.7%
EPS (Basic)
$47.50
EPS (Diluted)
$47.50
EBITDA
751
EBITDA Margin
39.2%