NASDAQ$FCNCA
First Citizens BancShares Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
First Citizens BancShares reported solid financial results, completing the integration with CIT and stabilizing SVB.
First Citizens BancShares reported a net income of $514 million for Q4 2023, compared to $752 million in the previous quarter. The results were impacted by acquisition-related expenses, a decrease in the preliminary gain on acquisition, an FDIC insurance special assessment, intangible asset amortization, and a fair value adjustment on marketable equity securities.
- Net income for the quarter was $514 million.
- Net interest income totaled $1.91 billion.
- Loans and leases reached $133.30 billion.
- Deposits totaled $145.85 billion.
Headline financials
Revenue & EPS history
First Citizens · Revenue · Quarterly
$1.91B
Revenue by segment
First Citizens · $402M total across 2 segments · Q1 2020
- Net Interest$338M—84.1%
- Non-Interest$64M—15.9%
Forward guidance
The company remains focused on prudent risk management, growing core lines of business, and maintaining solid capital and liquidity positions in 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+1.1%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+5.2%
Avg return
30 days after
66%
42 / 64 earnings
Positive
+15.3%
Q3 2020
Best reaction
-9.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -3.1% | -2.6% | |
| Q4 2025 | -8.5% | -10.1% | -8.5% | |
| Q3 2025 | +0.3% | +0.8% | +7.2% | |
| Q2 2025 | +1.1% | -0.2% | +3.7% | |
| Q1 2025 | +1.1% | +1.2% | +2.8% | |
| Q3 2024 | -9.6% | -6.8% | +13.0% | |
| Q2 2024 | +13.3% | +14.3% | +8.2% | |
| Q1 2024 | +7.0% | +2.9% | +8.6% | |
| Q4 2023 | +5.1% | +6.9% | +8.7% | |
| Q3 2023 | +3.6% | +6.1% | +10.3% | |
| Q2 2023 | +3.4% | +4.7% | -3.7% | |
| Q1 2023 | +12.8% | +15.7% | +17.5% | |
| Q4 2022 | -3.2% | -2.2% | -7.0% | |
| Q3 2022 | -5.5% | -4.9% | -4.9% | |
| Q2 2022 | +5.1% | +6.7% | +13.0% | |
| Q1 2022 | +3.1% | +6.0% | +11.9% | |
| Q4 2021 | -4.9% | -3.8% | -3.5% | |
| Q3 2021 | -2.1% | +0.3% | -1.0% | |
| Q2 2021 | +4.5% | +11.5% | +17.9% | |
| Q1 2021 | -2.9% | -2.1% | -2.8% | |
| Q4 2020 | -6.5% | -5.1% | +20.6% | |
| Q3 2020 | +15.3% | +25.7% | +53.6% | |
| Q2 2020 | +4.3% | +4.2% | -2.1% | |
| Q1 2020 | +8.5% | +3.4% | +13.0% | |
| Q4 2019 | +0.6% | +1.5% | -9.3% | |
| Q3 2019 | +0.4% | -0.2% | +4.8% | |
| Q2 2019 | +2.2% | -2.5% | -2.9% | |
| Q1 2019 | -0.6% | +1.7% | -5.8% | |
| Q4 2018 | -1.0% | -0.2% | +6.4% | |
| Q3 2018 | -0.7% | -1.5% | +0.2% | |
| Q2 2018 | -1.1% | -1.2% | +15.9% | |
| Q1 2018 | +2.4% | +4.4% | +5.2% | |
| Q4 2017 | +0.8% | -4.6% | -4.1% | |
| Q3 2017 | +6.8% | +4.1% | +5.8% | |
| Q2 2017 | -2.8% | -3.1% | -8.8% | |
| Q1 2017 | +3.6% | +1.0% | -3.7% | |
| Q4 2016 | +3.1% | -0.4% | -1.2% | |
| Q3 2016 | -1.8% | -1.0% | +21.7% | |
| Q2 2016 | -1.1% | -1.5% | +4.9% | |
| Q1 2016 | -0.0% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q4 2015 | +2.2% | — | — | |
| Q3 2015 | +7.0% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q3 2013 | +4.8% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q4 2012 | -2.3% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2010 | -5.1% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2010 | +4.0% | — | — |
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