Filing Flows › First Citizens Bancshares (FCNCA) › Q1 2025
First Citizens Bancshares (FCNCA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
First Citizens Bancshares (FCNCA) reported revenue of $2.3B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -5% from the quarter before. Operating margin was 28.3%, net earnings $483M (21.0% of revenue).
First Citizens Bancshares, Q1 2025: revenue $2.3B (-6% year over year), operating margin 28.3%, net earnings $483M, operating cash flow $98.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -5% | -6% |
| Operating profit | $651M | -12% | -35% |
| Net earnings | $483M | -31% | -34% |
| Operating cash flow | $98.0M | -91% | -79% |
What changed
Revenue was $2.3B in Q1 2025, down 6% year over year and down 5% from the previous quarter.
Operating profit was $0.65B, a 28.3% margin (down 12.8 points year over year). Total costs grew 14% against a revenue fall of 6%. Net earnings were $0.48B, down 34% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.10B (down 79% year over year), 20% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items used $0.48B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was First Citizens Bancshares' revenue in the first quarter 2025?
First Citizens Bancshares (FCNCA) reported revenue of $2.3B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -5% from the quarter before.
Was First Citizens Bancshares profitable in the first quarter 2025?
Operating profit was $651M (28.3% of revenue) and net earnings $483M.