<ARTICLE> 9 <LEGEND> FORM 10-K </LEGEND> <CIK> 0000708848 <NAME> FIRST CITIZENS BANCORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 115,795 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 64,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 32,542 <INVESTMENTS-CARRYING> 591,286 <INVESTMENTS-MARKET> 594,433 <LOANS> 1,573,069 <ALLOWANCE> (28,306) <TOTAL-ASSETS> 2,483,768 <DEPOSITS> 2,037,487 <SHORT-TERM> 204,702 <LIABILITIES-OTHER> 17,404 <LONG-TERM> 50,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,282 <COMMON> 4,608 <OTHER-SE> 166,285 <TOTAL-LIABILITIES-AND-EQUITY> 2,483,768 <INTEREST-LOAN> 129,415 <INTEREST-INVEST> 33,405 <INTEREST-OTHER> 2,551 <INTEREST-TOTAL> 165,371 <INTEREST-DEPOSIT> 60,257 <INTEREST-EXPENSE> 73,032 <INTEREST-INCOME-NET> 92,339 <LOAN-LOSSES> 4,303 <SECURITIES-GAINS> 36 <EXPENSE-OTHER> 80,609 <INCOME-PRETAX> 36,334 <INCOME-PRE-EXTRAORDINARY> 36,334 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 23,618 <EPS-PRIMARY> 25.30 <EPS-DILUTED> 25.30 <YIELD-ACTUAL> 7.76 <LOANS-NON> 2,248 <LOANS-PAST> 1,522 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 23,610 <ALLOWANCE-OPEN> 26,135 <CHARGE-OFFS> 3,869 <RECOVERIES> 1,737 <ALLOWANCE-CLOSE> 28,306 <ALLOWANCE-DOMESTIC> 28,306 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 10,032