First Citizens Bancshares Inc. announced unaudited condensed earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, Interest income was $189,640,000 against $280,891,000 a year ago. Income before income taxes was $42,179,000 against $32,559,000 a year ago. Net income was $27,226,000 against $21,746,000 a year ago. Net income per share was $2.83 against $2.15 a year ago. Return on average assets was 0.50% against 0.41% a year ago. Return on average equity was 5.37% against 4.43% a year ago.

For the year, Interest income was $796,804,000 against $1,004,836,000 a year ago. Income before income taxes was $264,664,000 against $194,170,000 a year ago. Net income was $167,699,000 against $134,348,000 a year ago. Net income per share was $17.43 against $13.11 a year ago. Return on average assets was 0.79% against 0.64% a year ago. Return on average equity was 8.63% against 7.01% a year ago. Book value per share as on December 31, 2013 was $215.89 against $193.75 a year ago.

For the quarter, total net charge-offs were $11,681 against $22,416 a year ago.