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FIRST CITIZENS BANCSHARES INC (FCNCA)
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| Income Statement |
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| Standardized | As Reported |
Annual | Quarterly | TTM |
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| | 10-Q | 10-Q | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
| Interest income: |
| Interest income on loans | 2,353.0 | 1,017.0 | 892.0 | 655.0 | 621.0 | 328.5 | 319.2 | 324.0 |
| Interest income on investments | 120.0 | 107.0 | | 89.0 | 83.0 | 39.5 | 39.2 | 36.0 |
| | 2,953.0 | 1,211.0 | 1,040.0 | 757.0 | 710.0 | 372.0 | 361.9 | 362.0 |
| Interest expense: |
| Interest on deposits | 575.0 | 288.0 | | 42.0 | 39.0 | 7.6 | 8.1 | 8.0 |
| Interest on borrowings | | | 62.0 | | | | 2.1 | |
| | 992.0 | 361.0 | 238.0 | 57.0 | 61.0 | 14.9 | 15.0 | 16.0 |
| Net interest income | 1,961.0 | 850.0 | 802.0 | 700.0 | 649.0 | 357.1 | 346.9 | 346.0 |
| Provision for loan losses | | | | | | 31.7 | -1.1 | |
| Net interest income after provision for loan losses | 1,961.0 | 850.0 | 802.0 | 700.0 | 649.0 | 325.4 | 348.0 | 346.0 |
| Deposit and loan fees | | | 22.0 | | | | | |
| Other non-interest income | 658.0 | 10,259.0 | 407.0 | 424.0 | 850.0 | 114.3 | 122.9 | 133.0 |
| Total non-interest income | 658.0 | 10,259.0 | 429.0 | 424.0 | 850.0 | 114.3 | 122.9 | 133.0 |
| Non-interest expenses | 1,572.0 | 855.0 | 760.0 | 745.0 | 810.0 | 323.7 | 312.8 | 300.0 |
| Pre-tax income before non-recurring items | 1,101.0 | 9,499.0 | 421.0 | 371.0 | 360.0 | 162.3 | 165.1 | 205.0 |
| Non-recurring items | 205.0 | 28.0 | 29.0 | 34.0 | 135.0 | 9.4 | 7.0 | 6.0 |
| Pre-tax income | 896.0 | 9,471.0 | 392.0 | 337.0 | 225.0 | 153.0 | 158.1 | 199.0 |
| Income taxes | 214.0 | -47.0 | 135.0 | 82.0 | -46.0 | 30.1 | 34.1 | 46.0 |
| Tax rate | 23.9% | | 34.4% | 24.3% | | 19.7% | 21.5% | 23.1% |
| Net income | 667.0 | 9,504.0 | 243.0 | 238.0 | 264.0 | 118.7 | 119.4 | 148.0 |
| Net margin | 25.5% | 85.6% | 19.7% | 21.2% | 17.6% | 27.0% | 25.4% | 30.9% |
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| Basic EPS | $45.91 | $654.24 | $16.65 | $14.85 | $16.73 | $12.10 | $12.17 | $15.08 |
| Diluted EPS | $45.88 | $653.66 | $16.64 | $14.84 | $16.73 | $12.10 | $12.17 | $15.08 |
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| Shares outstanding (basic) | 14.5 | 14.5 | 14.6 | 16.0 | 15.8 | 9.8 | 9.8 | 9.8 |
| Shares outstanding (diluted) | 14.5 | 14.5 | 14.6 | 16.0 | 15.8 | 9.8 | 9.8 | 9.8 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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