Company / Interest Expense
FIRST CITIZENS BANCSHARES INC /DE/ Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$6.7B
FY2023
5-year range
$61.0M / $6.7B
FY2019-FY2023
Trend
+127.8%
vs FY2022
Sector context
#4 of 217
Financials
What the data says
Among 217 Financials companies, FIRST CITIZENS BANCSHARES INC /DE/ is in the bottom 2% for interest expense. Interest Expense has fluctuated over the past 8 years, ranging from $37M in FY2018 to $6.7B in FY2023.
Based on SEC 10-K filings.
$6.7B in FY2023 with a 5-year CAGR of +183.2%. Top quartile in the Financials sector.
Increased from $61M to $6.7B over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +312.0%
- 5-Year CAGR
- +183.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 2% in FinancialsTop 98% of 217This company $6.7B Sector average $949.9M
▼
+606.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +183.2%, indicating consistent growth.
- In FY2023, interest expense increased 127.8% year-over-year.
- Ranks #4 out of 217 companies in the Financials sector.
- Lowest interest expense in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score 0.16 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.5%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $6.7B | +127.8% |
| FY2022 | $2.9B | +4729.5% |
| FY2021 | $61.0M | -36.5% |
| FY2020 | $96.0M | +3.6% |
| FY2019 | $92.6M | +151.4% |
| FY2018 | $36.9M | -15.8% |
| FY2017 | $43.8M | +1.7% |
| FY2016 | $43.1M | -2.8% |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026