First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Scaled Net Operating Assets : -0.03 (As of Dec. 2018)

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What is First Citizens Bancshares (TN) Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Citizens Bancshares (TN)'s operating assets for the quarter that ended in Dec. 2018 was $30,524 Mil. First Citizens Bancshares (TN)'s operating liabilities for the quarter that ended in Dec. 2018 was $31,571 Mil. First Citizens Bancshares (TN)'s Total Assets for the quarter that ended in Sep. 2018 was $34,955 Mil. Therefore, First Citizens Bancshares (TN)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2018 was -0.03.

First Citizens Bancshares (TN) Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Citizens Bancshares (TN)'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2018 )
=	(Operating Assets (A: Dec. 2018 )	-	Operating Liabilities (A: Dec. 2018 ))	/	Total Assets (A: Dec. 2017 )
=	(35081.189	-	31571.457)	/	34527.512
=	0.10

where

	Operating Assets		(A: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	35408.629	-	327.44
=	35081.189

	Operating Liabilities		(A: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31919.675	-	319.867	-	28.351
=	31571.457

First Citizens Bancshares (TN)'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2018 )
=	(Operating Assets (Q: Dec. 2018 )	-	Operating Liabilities (Q: Dec. 2018 ))	/	Total Assets (Q: Sep. 2018 )
=	(30524.079	-	31571.457)	/	34954.659
=	-0.03

where

	Operating Assets		(Q: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	35408.629	-	4884.55
=	30524.079

	Operating Liabilities		(Q: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31919.675	-	319.867	-	28.351
=	31571.457

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens Bancshares Inc (TN) (OTCPK:FIZN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens Bancshares Inc (TN) is a financial holding company. The bank offers various services such as checking accounts, savings accounts, mobile and tablet banking, digital banking, loans, insurance and other banking services. The company operates its business in four segments, 1) General Banking which offers a full suite of deposit products, loans, cash management, wealth, payments and various other fee-based services., 2) Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services to small and middle market companies, 3) Rail offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America and 4) Corporate.