First Citizens BancShares Inc (FCNCA) - Net Assets
Based on the latest financial reports, First Citizens BancShares Inc (FCNCA) has net assets worth $21.99 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($233.49 Billion) and total liabilities ($211.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FCNCA asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.99 Billion |
| % of Total Assets | 9.42% |
| Annual Growth Rate | 14.03% |
| 5-Year Change | -54.37% |
| 10-Year Change | 673.93% |
| Growth Volatility | 171.73 |
First Citizens BancShares Inc - Net Assets Trend (1990–2024)
This chart illustrates how First Citizens BancShares Inc's net assets have evolved over time, based on quarterly financial data. Also explore FCNCA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for First Citizens BancShares Inc (1990–2024)
The table below shows the annual net assets of First Citizens BancShares Inc from 1990 to 2024. For live valuation and market cap data, see FCNCA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $22.23 Billion | +4.58% |
| 2023-12-31 | $21.25 Billion | +119.99% |
| 2022-12-31 | $9.66 Billion | -83.08% |
| 2021-12-31 | $57.11 Billion | +17.25% |
| 2020-12-31 | $48.71 Billion | +25.09% |
| 2019-12-31 | $38.94 Billion | +1016.11% |
| 2018-12-31 | $3.49 Billion | +4.65% |
| 2017-12-31 | $3.33 Billion | +10.68% |
| 2016-12-31 | $3.01 Billion | +4.89% |
| 2015-12-31 | $2.87 Billion | +6.87% |
| 2014-12-31 | $2.69 Billion | +29.74% |
| 2013-12-31 | $2.07 Billion | +11.13% |
| 2012-12-31 | $1.86 Billion | +0.15% |
| 2011-12-31 | $1.86 Billion | +7.40% |
| 2010-12-31 | $1.73 Billion | +11.15% |
| 2009-12-31 | $1.56 Billion | +8.02% |
| 2008-12-31 | $1.44 Billion | +0.15% |
| 2007-12-31 | $1.44 Billion | +9.95% |
| 2006-12-31 | $1.31 Billion | +10.99% |
| 2005-12-31 | $1.18 Billion | +8.72% |
| 2004-12-31 | $1.09 Billion | +5.54% |
| 2003-12-31 | $1.03 Billion | +6.41% |
| 2002-12-31 | $967.29 Million | +9.29% |
| 2001-12-31 | $885.04 Million | +9.17% |
| 2000-12-31 | $810.73 Million | +11.24% |
| 1999-12-31 | $728.80 Million | +10.31% |
| 1998-12-31 | $660.70 Million | +9.82% |
| 1997-12-31 | $601.60 Million | -2.26% |
| 1996-12-31 | $615.50 Million | +18.18% |
| 1995-12-31 | $520.80 Million | +15.89% |
| 1994-12-31 | $449.40 Million | +15.50% |
| 1993-12-31 | $389.10 Million | +16.57% |
| 1992-12-31 | $333.80 Million | +17.87% |
| 1991-12-31 | $283.20 Million | +10.63% |
| 1990-12-31 | $256.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Citizens BancShares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9653.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $19.36 Billion | 87.10% |
| Common Stock | $14.00 Million | 0.06% |
| Other Comprehensive Income | $-445.00 Million | -2.00% |
| Other Components | $3.30 Billion | 14.84% |
| Total Equity | $22.23 Billion | 100.00% |
First Citizens BancShares Inc Competitors by Market Cap
The table below lists competitors of First Citizens BancShares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Geely Automobile Holdings Limited
F:GRUA
|
$22.70 Billion |
|
Vonovia SE
XETRA:VNA
|
$22.72 Billion |
|
Wipro Limited
NSE:WIPRO
|
$22.73 Billion |
|
Church & Dwight Company Inc
NYSE:CHD
|
$22.73 Billion |
|
Zomato Limited
NSE:ZOMATO
|
$22.68 Billion |
|
China Satellite Communications Co Ltd
SHG:601698
|
$22.67 Billion |
|
Dow Inc
NYSE:DOW
|
$22.66 Billion |
|
Yihai Kerry Arawana Holdings Co Ltd
SHE:300999
|
$22.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Citizens BancShares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,255,000,000 to 22,228,000,000, a change of 973,000,000 (4.6%).
- Net income of 2,777,000,000 contributed positively to equity growth.
- Dividend payments of 158,000,000 reduced retained earnings.
- Share repurchases of 1,648,000,000 reduced equity.
- Other comprehensive income increased equity by 46,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.78 Billion | +12.49% |
| Dividends Paid | $158.00 Million | -0.71% |
| Share Repurchases | $1.65 Billion | -7.41% |
| Other Comprehensive Income | $46.00 Million | +0.21% |
| Other Changes | $-44.00 Million | -0.2% |
| Total Change | $- | 4.58% |
Book Value vs Market Value Analysis
This analysis compares First Citizens BancShares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 72.21x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $27.49 | $1985.39 | x |
| 1991-12-31 | $30.26 | $1985.39 | x |
| 1992-12-31 | $35.12 | $1985.39 | x |
| 1993-12-31 | $40.10 | $1985.39 | x |
| 1994-12-31 | $45.20 | $1985.39 | x |
| 1995-12-31 | $49.15 | $1985.39 | x |
| 1996-12-31 | $54.27 | $1985.39 | x |
| 1997-12-31 | $53.00 | $1985.39 | x |
| 1998-12-31 | $61.43 | $1985.39 | x |
| 1999-12-31 | $68.57 | $1985.39 | x |
| 2000-12-31 | $76.83 | $1985.39 | x |
| 2001-12-31 | $84.23 | $1985.39 | x |
| 2002-12-31 | $92.31 | $1985.39 | x |
| 2003-12-31 | $98.47 | $1985.39 | x |
| 2004-12-31 | $104.10 | $1985.39 | x |
| 2005-12-31 | $113.19 | $1985.39 | x |
| 2006-12-31 | $125.63 | $1985.39 | x |
| 2007-12-31 | $138.13 | $1985.39 | x |
| 2008-12-31 | $138.33 | $1985.39 | x |
| 2009-12-31 | $149.47 | $1985.39 | x |
| 2010-12-31 | $166.07 | $1985.39 | x |
| 2011-12-31 | $179.37 | $1985.39 | x |
| 2012-12-31 | $181.96 | $1985.39 | x |
| 2013-12-31 | $215.35 | $1985.39 | x |
| 2014-12-31 | $262.92 | $1985.39 | x |
| 2015-12-31 | $239.14 | $1985.39 | x |
| 2016-12-31 | $250.83 | $1985.39 | x |
| 2017-12-31 | $277.61 | $1985.39 | x |
| 2018-12-31 | $292.26 | $1985.39 | x |
| 2019-12-31 | $320.51 | $1985.39 | x |
| 2020-12-31 | $420.54 | $1985.39 | x |
| 2021-12-31 | $482.58 | $1985.39 | x |
| 2022-12-31 | $621.35 | $1985.39 | x |
| 2023-12-31 | $1461.83 | $1985.39 | x |
| 2024-12-31 | $1549.75 | $1985.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Citizens BancShares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.59%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.06x
- Recent ROE (12.49%) is above the historical average (11.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 11.09% | 6.75% | 0.09x | 18.85x | $2.80 Million |
| 1991 | 10.31% | 5.93% | 0.09x | 19.30x | $880.00K |
| 1992 | 15.52% | 11.15% | 0.09x | 16.22x | $18.42 Million |
| 1993 | 14.29% | 12.34% | 0.07x | 15.68x | $16.69 Million |
| 1994 | 11.35% | 11.10% | 0.07x | 14.09x | $6.06 Million |
| 1995 | 10.93% | 10.10% | 0.08x | 14.18x | $4.82 Million |
| 1996 | 10.64% | 10.27% | 0.08x | 13.09x | $3.95 Million |
| 1997 | 11.74% | 10.27% | 0.08x | 14.88x | $10.44 Million |
| 1998 | 10.75% | 9.28% | 0.08x | 14.54x | $4.93 Million |
| 1999 | 11.22% | 10.23% | 0.08x | 13.33x | $8.92 Million |
| 2000 | 12.13% | 10.80% | 0.09x | 13.19x | $17.24 Million |
| 2001 | 9.82% | 9.35% | 0.08x | 13.41x | $-1.57 Million |
| 2002 | 9.59% | 11.36% | 0.07x | 12.65x | $-3.97 Million |
| 2003 | 7.30% | 9.97% | 0.06x | 12.20x | $-27.74 Million |
| 2004 | 6.89% | 9.69% | 0.06x | 12.21x | $-33.79 Million |
| 2005 | 9.56% | 12.17% | 0.06x | 12.40x | $-5.24 Million |
| 2006 | 9.65% | 11.48% | 0.07x | 12.00x | $-4.59 Million |
| 2007 | 7.54% | 9.05% | 0.07x | 11.25x | $-35.50 Million |
| 2008 | 6.31% | 8.08% | 0.07x | 11.60x | $-53.28 Million |
| 2009 | 7.46% | 11.22% | 0.06x | 11.84x | $-39.58 Million |
| 2010 | 11.14% | 15.57% | 0.06x | 12.01x | $19.75 Million |
| 2011 | 10.48% | 14.67% | 0.06x | 11.28x | $8.92 Million |
| 2012 | 7.10% | 11.06% | 0.06x | 11.42x | $-54.01 Million |
| 2013 | 8.06% | 15.68% | 0.05x | 10.23x | $-40.28 Million |
| 2014 | 5.16% | 13.25% | 0.03x | 11.19x | $-130.20 Million |
| 2015 | 7.33% | 16.11% | 0.04x | 10.96x | $-76.82 Million |
| 2016 | 7.49% | 16.83% | 0.04x | 10.95x | $-75.76 Million |
| 2017 | 9.71% | 22.29% | 0.04x | 10.36x | $-9.65 Million |
| 2018 | 11.47% | 25.19% | 0.04x | 10.15x | $51.42 Million |
| 2019 | 12.81% | 25.55% | 0.04x | 11.15x | $100.28 Million |
| 2020 | 11.63% | 25.68% | 0.04x | 11.81x | $69.07 Million |
| 2021 | 11.55% | 28.80% | 0.03x | 12.31x | $73.28 Million |
| 2022 | 11.36% | 21.55% | 0.05x | 11.31x | $131.80 Million |
| 2023 | 53.94% | 90.73% | 0.06x | 10.06x | $9.34 Billion |
| 2024 | 12.49% | 18.59% | 0.07x | 10.06x | $554.20 Million |
Industry Comparison
This section compares First Citizens BancShares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Citizens BancShares Inc (FCNCA) | $21.99 Billion | 11.09% | 9.62x | $22.69 Billion |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About First Citizens BancShares Inc
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally. It operates through General Bank, Commercial Bank, Silicon Valley Bank (SVB) Commercial, and Rail segments. The company's deposit products include checkin… Read more