First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Credit Losses Provision : $28 Mil (As of Dec. 2018)

View and export this data going back to 1996. Start your Free Trial

What is First Citizens Bancshares (TN) Credit Losses Provision?

First Citizens Bancshares (TN)'s credit losses provision for the three months ended in Dec. 2018 was $12 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2018 was $28 Mil.

First Citizens Bancshares (TN)'s quarterly credit losses provision declined from Jun. 2018 ($8 Mil) to Sep. 2018 ($1 Mil) but then increased from Sep. 2018 ($1 Mil) to Dec. 2018 ($12 Mil).

First Citizens Bancshares (TN)'s annual credit losses provision declined from Dec. 2016 ($33 Mil) to Dec. 2017 ($26 Mil) but then increased from Dec. 2017 ($26 Mil) to Dec. 2018 ($28 Mil).

First Citizens Bancshares (TN) Credit Losses Provision Historical Data

The historical data trend for First Citizens Bancshares (TN)'s Credit Losses Provision can be seen below:

* 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.

* Premium members only.

First Citizens Bancshares (TN) Credit Losses Provision Chart

First Citizens Bancshares (TN) Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Credit Losses Provision

Get a 7-Day Free Trial

0.64

20.66

32.94

25.69

28.47

First Citizens Bancshares (TN) Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Credit Losses Provision	Get a 7-Day Free Trial															-2.81	7.61	8.44	0.84	11.59

First Citizens Bancshares (TN) Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $28 Mil.

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 » Credit Losses Provision

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.