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First Citizens Bancshares vs State Street: revenue, profit, margins and growth compared

First Citizens Bancshares brought in $9.5B of revenue in fiscal 2025, State Street $13.9B in fiscal 2025. Revenue changed by -2.2% at First Citizens Bancshares and +7.3% at State Street on the year before, so State Street grew faster. First Citizens Bancshares kept 23.1% of its revenue as net profit, State Street 21.1%. Free cash flow was $2.2B at First Citizens Bancshares and $10.8B at State Street.

Side by side, latest fiscal year

FCNCASTT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.5B$13.9B
Revenue growth-2.2%+7.3%
Net income$2.2B$2.9B
Net margin23.1%21.1%
Free cash flow$2.2B$10.8B
Free cash flow margin23.2%77.8%
Earnings per share (diluted)$165.24$9.40
Cash$801M$4.4B
Debt$35.8Bn/a
Price to earnings12.719.1
Market value$23.7B$49.4B
Dividend yield0.38%1.78%
Rank by revenue in sector#69 of 536 · Finance#53 of 536 · Finance

Over the years

Revenue
FCNCA FY2022: $5.1BFCNCA FY2023: $18.8BFCNCA FY2024: $9.8BFCNCA FY2025: $9.5BSTT FY2018: $12.1BSTT FY2019: $11.8BSTT FY2020: $11.7BSTT FY2021: $12BSTT FY2022: $12.1BSTT FY2023: $11.9BSTT FY2024: $13BSTT FY2025: $13.9BFY18FY19FY20FY21FY22FY23FY24FY25
FCNCA $9.5BSTT $13.9B
Net income
FCNCA FY2018: $400.3MFCNCA FY2019: $457.4MFCNCA FY2020: $492MFCNCA FY2021: $547MFCNCA FY2022: $1.1BFCNCA FY2023: $11.5BFCNCA FY2024: $2.8BFCNCA FY2025: $2.2BSTT FY2018: $2.6BSTT FY2019: $2.2BSTT FY2020: $2.4BSTT FY2021: $2.7BSTT FY2022: $2.8BSTT FY2023: $1.9BSTT FY2024: $2.7BSTT FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
FCNCA $2.2BSTT $2.9B
Net margin
FCNCA FY2022: 21.6%FCNCA FY2023: 61.0%FCNCA FY2024: 28.5%FCNCA FY2025: 23.1%STT FY2018: 21.4%STT FY2019: 19.1%STT FY2020: 20.7%STT FY2021: 22.4%STT FY2022: 22.8%STT FY2023: 16.3%STT FY2024: 20.7%STT FY2025: 21.1%FY18FY19FY20FY21FY22FY23FY24FY25
FCNCA 23.1%STT 21.1%
Revenue growth
FCNCA FY2023: +269.7%FCNCA FY2024: -48.1%FCNCA FY2025: -2.2%STT FY2019: -3.1%STT FY2020: -0.5%STT FY2021: +2.8%STT FY2022: +1.0%STT FY2023: -1.7%STT FY2024: +8.8%STT FY2025: +7.3%FY19FY20FY21FY22FY23FY24FY25
FCNCA -2.2%STT +7.3%
Free cash flow
FCNCA FY2018: $313.3MFCNCA FY2019: $457.2MFCNCA FY2020: $243MFCNCA FY2021: -$391MFCNCA FY2022: $2.6BFCNCA FY2023: $2.3BFCNCA FY2024: $2.6BFCNCA FY2025: $2.2BSTT FY2018: $9.6BSTT FY2019: $5BSTT FY2020: $3BSTT FY2021: -$7.5BSTT FY2022: $11.2BSTT FY2023: -$126MSTT FY2024: -$14.1BSTT FY2025: $10.8BFY18FY19FY20FY21FY22FY23FY24FY25
FCNCA $2.2BSTT $10.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about First Citizens Bancshares and State Street

Which is bigger by revenue, First Citizens Bancshares or State Street?

State Street is bigger by revenue: $13.9B in fiscal 2025, against $9.5B for First Citizens Bancshares in fiscal 2025.

Which keeps more of its revenue as profit, First Citizens Bancshares or State Street?

First Citizens Bancshares had a net margin of 23.1% in fiscal 2025; State Street had 21.1% in fiscal 2025.

Which grew revenue faster, First Citizens Bancshares or State Street?

In their latest fiscal years revenue changed by -2.2% at First Citizens Bancshares and +7.3% at State Street.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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