First Citizens

Q4 2025 -8.53%Q3 2025 +0.25%Q2 2025 -1.15%Q1 2025 +1.05%Q4 2024 -1.54%Q3 2024 -9.64%Q2 2024 +13.33%Q1 2024 +7.01%Q4 2023 +5.13%Q3 2023 +3.60%Q2 2023 +3.43%Q1 2023 +12.80%Q4 2022 -3.21%Q3 2022 -5.50%Q2 2022 +5.07%Q1 2022 +3.11%Q4 2021 -4.94%Q3 2021 -2.06%Q2 2021 +4.50%Q1 2021 -2.93%Q4 2020 -6.53%Q3 2020 +15.34%Q2 2020 +4.30%Q1 2020 +8.47%Q4 2019 +0.64%Q3 2019 +0.42%Q2 2019 +2.16%Q1 2019 -0.59%Q4 2018 -1.03%Q3 2018 -0.67%Q2 2018 -1.15%Q1 2018 +2.36%Q4 2017 +0.81%Q3 2017 +6.82%Q2 2017 -2.75%Q1 2017 +3.59%Q4 2016 +3.07%Q3 2016 -1.84%Q2 2016 -1.14%Q1 2016 -0.01%Q2 2015 +1.38%Q4 2015 +2.20%Q3 2015 +7.03%Q1 2015 +0.17%Q2 2014 +0.29%Q4 2014 +0.29%Q3 2014 -0.52%Q1 2014 +1.12%Q2 2013 +0.27%Q4 2013 +0.27%Q3 2013 +4.78%Q1 2013 +1.35%Q2 2012 -2.28%Q4 2012 -2.28%Q3 2012 +1.67%Q1 2012 +0.71%Q4 2011 +2.19%Q3 2011 -0.53%Q2 2011 +1.20%Q1 2011 +0.68%Q4 2010 +0.00%Q3 2010 -5.12%Q2 2010 +1.31%Q1 2010 +3.98%

Jan 26, 2022

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Dec 31, 2021

First Citizens Q4 2021 Earnings Report

Earnings decreased compared to the same quarter in 2020.

Key Takeaways

First Citizens BancShares reported a decrease in net income for Q4 2021 compared to Q4 2020. Net income was $123.3 million, a decrease of $14.8 million or 10.7%. The merger with CIT Group, Inc. was completed on January 3, 2022, but the Q4 results do not include financial results of CIT.

Net income was $123.3 million, a decrease of $14.8 million or 10.7% compared to Q4 2020.

Net income per common share was $12.09, compared to $13.59 per share for the same quarter in 2020.

Taxable-equivalent net interest margin was 2.58%, down 44 basis points from 3.02% for the comparable quarter in 2020.

Total deposits grew to $51.4 billion, an increase of $8.0 billion or 18.4% since December 31, 2020, driven by organic growth.