Annual Report 2020

The Coronavirus has created substantial uncertainties, unfortunate circumstances and economic challenges worldwide. Be that as it may, First Citizens remains steadfast in our commitment to maintaining organizational sustainability while securing the interests of all our stakeholders. We will continue to work with our customers and support our communities through this challenging period.

Summary of highlights for fiscal 2020
  • Profit after tax – $606.9 million
  • Total assets as at September 2020 amounted to $47.4 billion, an increase of 9.4% when compared to September 2019
  • Investments grew by 3.7%, whilst there was an increase in Customer Deposits by 11.9% or $3.1 billion, to $28.9 billion

Annual Report – Part One

Annual Report – Financials

Annual Report 2019

Summary of highlights for fiscal 2019
  • Profit before tax increased by 5.2% from $1.01 billion to $1.06 billion
  • Profit after tax increased by 11.6% from $674 million to $752 million
  • Total assets increased from $42.0 billion to $43.4 billion
  • Standard and Poor’s investment grade rating of BBB/Stable/A-2

Annual Report – Part One

Annual Report – Financials

Annual Report 2018

Summary of highlights for fiscal 2018
  • Profit before tax of just over $1 billion or growth of 15.2%
  • Profit after tax amounted to $674 million, which represents an increase of $32 million or 5%, as compared to 2017
  • Total assets as at September 2018 amounted to $42.0 billion, an increase of 7.9% 
  • Standards and Poor’s reaffirming First Citizens ratings of BBB/A-2 in October 2018

Annual Report – Part One

Annual Report – Financials

Financials