NasdaqGS:FCNC.A

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First Citizens BancShares

Market Cap

US$8.3b

Last Updated

2021/06/13 22:26 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details

Rewards

PE ratio (15.1x) is below the US market (19.7x)

Earnings are forecast to grow 39.8% per year

Earnings grew by 39.7% over the past year

Risk Analysis

No risks detected for FCNC.A from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has First Citizens BancShares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FCNC.A is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FCNC.A's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.5%

FCNC.A

-3.2%

US Banks

0.8%

US Market


1 Year Return

116.2%

FCNC.A

63.4%

US Banks

44.4%

US Market

Return vs Industry: FCNC.A exceeded the US Banks industry which returned 63.4% over the past year.

Return vs Market: FCNC.A exceeded the US Market which returned 44.3% over the past year.


Shareholder returns

FCNC.AIndustryMarket
7 Day-1.5%-3.2%0.8%
30 Day-1.4%-2.7%3.0%
90 Day-0.5%4.1%4.4%
1 Year116.8%116.2%68.2%63.4%46.7%44.4%
3 Year101.8%99.7%30.1%19.0%60.3%50.4%
5 Year261.4%255.1%116.5%89.1%128.3%102.8%

Long-Term Price Volatility Vs. Market

How volatile is First Citizens BancShares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Citizens BancShares undervalued compared to its fair value and its price relative to the market?

15.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FCNC.A ($857.32) is trading above our estimate of fair value ($798.98)

Significantly Below Fair Value: FCNC.A is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FCNC.A is poor value based on its PE Ratio (15.1x) compared to the US Banks industry average (12x).

PE vs Market: FCNC.A is good value based on its PE Ratio (15.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: FCNC.A is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: FCNC.A is overvalued based on its PB Ratio (2.1x) compared to the US Banks industry average (1.2x).


Future Growth

How is First Citizens BancShares forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

39.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCNC.A's forecast earnings growth (39.8% per year) is above the savings rate (2%).

Earnings vs Market: FCNC.A's earnings (39.8% per year) are forecast to grow faster than the US market (15.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FCNC.A's revenue (23.8% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: FCNC.A's revenue (23.8% 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 (11.5%).


Past Performance

How has First Citizens BancShares performed over the past 5 years?

17.4%

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 (29.3%) are higher than last year (24.3%).


Past Earnings Growth Analysis

Earnings Trend: FCNC.A's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: FCNC.A's earnings growth over the past year (39.7%) exceeds its 5-year average (17.4% per year).

Earnings vs Industry: FCNC.A earnings growth over the past year (39.7%) exceeded the Banks industry 20.5%.


Return on Equity

High ROE: FCNC.A's Return on Equity (13.5%) is considered low.


Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: FCNC.A's Assets to Equity ratio (12.5x) is moderate.

Allowance for Bad Loans: FCNC.A has a sufficient allowance for bad loans (108%).

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 (61%).

Low Risk Deposits: FCNC.A's Loans to Deposits ratio (70%) is appropriate.

Level of Bad Loans: FCNC.A has an appropriate level of bad loans (0.6%).


Dividend

What is First Citizens BancShares's current dividend yield, its reliability and sustainability?

0.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FCNC.A's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: FCNC.A's dividend (0.22%) is low compared to the top 25% of dividend payers in the US market (3.35%).


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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Frank Holding (59 yo)

13.42yrs

Tenure

US$4,436,450

Compensation

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 ($USD4.44M) is below average for companies of similar size in the US market ($USD6.52M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FCNC.A's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: FCNC.A's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FCNC.A insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Citizens BancShares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Citizens BancShares, Inc.
  • Ticker: FCNC.A
  • Exchange: NasdaqGS
  • Founded: 1898
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$8.308b
  • Shares outstanding: 9.82m
  • Website: https://www.firstcitizens.com

Number of Employees


Location

  • First Citizens BancShares, Inc.
  • 4300 Six Forks Road
  • Raleigh
  • North Carolina
  • 27609
  • United States

Listings


Biography

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. T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 22:26
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.