If a company builds assets at 39.9% a year, faster than its revenue growth rate of 31.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, First Citizens BancShares's average Total Assets Growth Rate was 68.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 60.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 39.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 21.10% per year.
During the past 13 years, First Citizens BancShares's highest 3-Year average Total Assets Growth Rate was 60.90%. The lowest was -10.30%. And the median was 7.80%.
* 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.
First Citizens BancShares Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
First Citizens BancShares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
First Citizens BancShares (NAS:FCNCA) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
First Citizens BancShares's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
First Citizens BancShares Total Assets Related Terms
Thank you for viewing the detailed overview of First Citizens BancShares's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
First Citizens BancShares (First Citizens BancShares) Business Description
First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FCNCA has been successfully added to your 