First Citizens Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's interest income was $285,958,000 compared to $254,782,000 a year ago. Net interest income was $274,769,000 compared to $243,917,000 a year ago. Net interest income after provision for loan and lease losses was $277,578,000 compared to $227,888,000 a year ago. Income before income taxes was $123,111,000 compared to $81,055,000 a year ago. Net income was $54,407,000 compared to $52,690,000 a year ago. Net income per share was $4.53 compared to $4.39 a year ago. Annualized return on average assets was 0.62% compared to 0.63% a year ago. Annualized return on average equity was 6.48% compared to 6.86% a year ago.

For the year, the company's interest income was $1,103,690,000 compared to $987,757,000 a year ago. Net interest income was $1,059,896,000 compared to $944,675,000 a year ago. Net interest income after provision for loan and lease losses was $1,034,204,000 compared to $911,734,000 a year ago. Income before income taxes was $543,698,000 compared to $351,067,000 a year ago. Net income was $323,752,000 compared to $225,482,000 a year ago. Net income per share was $26.96 compared to $18.77 a year ago. Annualized return on average assets was 0.94% compared to 0.70% a year ago. Annualized return on average equity was 10.10% compared to 7.51% a year ago. Book value per share was $277.60 compared to $250.82 a year ago.

The company also announced total net charge-offs of $7,140,000 for the fourth quarter of 2017 compared to $9,184,000 a year ago.