First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals.
No risks detected for FCNC.A from our risk checks.
First Citizens BancShares Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$819.92|
|52 Week High||US$310.27|
|52 Week Low||US$915.40|
|1 Month Change||-1.04%|
|3 Month Change||1.16%|
|1 Year Change||142.06%|
|3 Year Change||76.21%|
|5 Year Change||190.09%|
|Change since IPO||3,053.54%|
Recent News & Updates
These Analysts Think First Citizens BancShares, Inc.'s (NASDAQ:FCNC.A) Sales Are Under Threat
One thing we could say about the analysts on First Citizens BancShares, Inc. ( NASDAQ:FCNC.A ) - they aren't...
|FCNC.A||US Banks||US Market|
Return vs Industry: FCNC.A exceeded the US Banks industry which returned 63.3% over the past year.
Return vs Market: FCNC.A exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: FCNC.A is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FCNC.A's weekly volatility (4%) has been stable over the past year.
About the Company
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company’s deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans.
First Citizens BancShares Fundamentals Summary
|FCNC.A fundamental statistics|
Is FCNC.A overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FCNC.A income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||57.26|
|Net Profit Margin||28.96%|
How did FCNC.A perform over the long term?See historical performance and comparison
0.2%Current Dividend Yield
Is First Citizens BancShares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCNC.A ($819.92) is trading below our estimate of fair value ($1093.52)
Significantly Below Fair Value: FCNC.A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCNC.A is poor value based on its PE Ratio (14.3x) compared to the US Banks industry average (10.8x).
PE vs Market: FCNC.A is good value based on its PE Ratio (14.3x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: FCNC.A is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: FCNC.A is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.1x).
How is First Citizens BancShares forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCNC.A's forecast earnings growth (48.7% per year) is above the savings rate (2%).
Earnings vs Market: FCNC.A's earnings (48.7% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FCNC.A's revenue (30.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: FCNC.A's revenue (30.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCNC.A's Return on Equity is forecast to be low in 3 years time (12.6%).
How has First Citizens BancShares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCNC.A has high quality earnings.
Growing Profit Margin: FCNC.A's current net profit margins (29%) are higher than last year (25.3%).
Past Earnings Growth Analysis
Earnings Trend: FCNC.A's earnings have grown by 16.9% per year over the past 5 years.
Accelerating Growth: FCNC.A's earnings growth over the past year (29.9%) exceeds its 5-year average (16.9% per year).
Earnings vs Industry: FCNC.A earnings growth over the past year (29.9%) underperformed the Banks industry 36%.
Return on Equity
High ROE: FCNC.A's Return on Equity (13%) is considered low.
How is First Citizens BancShares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FCNC.A's Assets to Equity ratio (12.3x) is moderate.
Allowance for Bad Loans: FCNC.A has a sufficient allowance for bad loans (101%).
Low Risk Liabilities: 95% of FCNC.A's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCNC.A has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: FCNC.A's Loans to Deposits ratio (67%) is appropriate.
Level of Bad Loans: FCNC.A has an appropriate level of bad loans (0.6%).
What is First Citizens BancShares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCNC.A's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: FCNC.A's dividend (0.23%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: FCNC.A is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: FCNC.A is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FCNC.A is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FCNC.A's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Frank Holding (60 yo)
Mr. Frank Brown Holding, Jr., has been Chairman of First Citizens BancShares, Inc., a banking and investment services company, since February 25, 2009 and also has been its Chief Executive Officer since Ja...
CEO Compensation Analysis
Compensation vs Market: Frank's total compensation ($USD4.44M) is below average for companies of similar size in the US market ($USD6.44M).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
Experienced Management: FCNC.A's management team is seasoned and experienced (6.9 years average tenure).
Experienced Board: FCNC.A's board of directors are seasoned and experienced ( 12.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Citizens BancShares, Inc.'s employee growth, exchange listings and data sources
- Name: First Citizens BancShares, Inc.
- Ticker: FCNC.A
- Exchange: NasdaqGS
- Founded: 1898
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$7.933b
- Shares outstanding: 9.82m
- Website: https://www.firstcitizens.com
Number of Employees
- First Citizens BancShares, Inc.
- 4300 Six Forks Road
- North Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:02|
|End of Day Share Price||2021/09/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.