← FIRST CITIZENS BANCSHARES INC /DE/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $225.5m | $323.8m | $400.3m | $457.4m | $491.7m | $547.5m | $1.1b | $11.5b | $2.8b | $2.2b | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | $477.7m | $528.9m | $1.0b | $11.4b | $2.7b | $2.1b | |
| Depreciation, Depletion and Amortization | $88.8m | $90.8m | $96.8m | $103.8m | $108.6m | $106.6m | $142.0m | $225.0m | $276.0m | $314.0m | |
| Depreciation, Amortization and Accretion, Net | $88.8m | $90.8m | $96.8m | $103.8m | $108.6m | $106.6m | $533.0m | ($57.0m) | $130.0m | $405.0m | |
| Amortization of Intangible Assets | $21.8m | $22.8m | $23.6m | $23.9m | $32.8m | $25.6m | $23.0m | $57.0m | $63.0m | $54.0m | |
| Deferred Income Tax Expense (Benefit) | $33.1m | $125.8m | ($13.4m) | $54.6m | ($25.5m) | ($7.6m) | $206.0m | ($165.0m) | $6.0m | ($111.0m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $19.0m | $5.0m | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $524k | ($2.5m) | ($4.1m) | — | — | ($5.0m) | $0 | $0 | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $645.0m | $1.2b | $469.0m | $530.0m | |
| Gain (Loss) on Disposition of Business | $0 | $0 | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | $919k | $26.6m | $0 | $0 | $0 | $7.0m | $0 | ($2.0m) | ($9.0m) | |
| Income Tax Expense (Benefit) | $125.6m | $219.9m | $103.3m | $134.7m | $126.2m | $154.2m | $264.0m | $611.0m | $815.0m | $765.0m | |
| Operating Lease, Lease Income | — | — | — | — | — | — | $864.0m | $971.0m | $1.0b | $1.1b | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $27.7m | $46.9m | ($304.5m) | $28.1m | $7.3m | $12.9m | ($484.0m) | ($206.0m) | $495.0m | $282.0m | |
| Provision for Loan, Lease, and Other Losses | $32.9m | $25.7m | — | — | $58.4m | ($36.8m) | $645.0m | $1.4b | $431.0m | $514.0m | |
| Bank Owned Life Insurance Income | — | — | — | — | — | — | $32.0m | $8.0m | — | — | |
| Increase (Decrease) in Other Operating Liabilities | ($25.5m) | ($29.5m) | ($40.9m) | ($19.6m) | ($6.1m) | $6.9m | $260.0m | ($379.0m) | ($34.0m) | $170.0m | |
| Gain (Loss) on Sales of Loans, Net | $15.8m | $14.8m | $11.2m | $14.9m | $37.6m | $32.7m | $22.0m | ($2.0m) | $7.0m | $21.0m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $351k | — | — | — | $0 | — | — | ($3.0m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | $351k | $7.1m | $60.3m | $33.1m | $0 | ($26.0m) | $0 | $2.0m | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | $0 | $26.0m | $6.0m | $3.0m | |
| Equipment Expense | $92.5m | $97.5m | $102.9m | $112.3m | $115.5m | $119.2m | $216.0m | $422.0m | $504.0m | $555.0m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($7.6m) | $20.6m | $29.4m | $33.1m | ($3.0m) | ($11.0m) | $13.0m | $22.0m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $1.2m | — | — | — | $0 | — | ($6.0m) | ($3.0m) | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($8.8m) | $4.3m | ($15.2m) | $17.8m | $0 | $26.0m | ($6.0m) | ($3.0m) | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | $50k | $289k | $3.9m | ($3.0m) | ($3.0m) | $0 | — | — | |
| Goodwill | $150.6m | $150.6m | $236.3m | $349.4m | $350.3m | $346.1m | $346.0m | $346.0m | $346.0m | $346.0m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | $551.0m | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $232.4m | $351.7m | $765.8m | $540.6m | $340.0m | ($283.8m) | $2.8b | $2.7b | $3.0b | $2.9b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $81.8m | $84.8m | $140.4m | $121.1m | $133.4m | $107.4m | $155.0m | $405.0m | $429.0m | $710.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $727k | ($304.8m) | $155.1m | $236.7m | $60.0m | $0 | ($134.0m) | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | $25.3m | ($49.0m) | ($208.0m) | $473.0m | $806.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.1b) | ($668.7m) | ($210.9m) | ($1.6b) | ($9.9b) | ($7.6b) | $75.0m | $2.4b | ($10.2b) | ($5.6b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $2.1b | $1.8b | $1.6b | $2.3b | $2.8b | $2.5b | $1.2b | $2.1b | $7.4b | $13.0b | |
| Proceeds from Issuance of Long-term Debt | $150.0m | $175.0m | $125.0m | $200.0m | $400.0m | $0 | $3.9b | $10.0b | $0 | $1.8b | |
| Repayments of Long-term Debt | — | — | — | — | — | — | $5.1b | $13.1b | $450.0m | $2.9b | |
| Payments for Repurchase of Common Stock | $0 | $0 | $163.1m | $453.1m | $333.8m | $0 | $1.2b | $0 | $1.6b | $3.0b | |
| Payments of Ordinary Dividends, Common Stock | $14.4m | $10.8m | $16.8m | $18.1m | $30.4m | $41.6m | $83.0m | $117.0m | $158.0m | $161.0m | |
| Payments of Dividends | $14.4m | $10.8m | $16.8m | $18.1m | $30.4m | $41.6m | $83.0m | $117.0m | $158.0m | $161.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | ($24.0m) | ($7.0m) | ($14.0m) | $0 | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | $1.1b | $9.5b | $7.8b | ($2.7b) | ($4.7b) | $7.1b | $2.7b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($14.7m) | ($24.2m) | $180.0m | $390.0m | ($94.0m) | ($13.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $362.0m | $337.8m | $518.0m | $908.0m | $814.0m | $801.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $37.1m | — | — | — | $525.0m | $3.7b | $5.1b | $4.8b | |
| Income Taxes Paid, Net | — | — | — | — | — | — | ($551.0m) | $514.0m | $763.0m | $315.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.