First Citizens BancShares, Inc.

NasdaqGS:FCNC.A Stock Report

Market Cap: US$24.9b

First Citizens BancShares Future Growth

Future criteria checks 0/6

First Citizens BancShares is forecast to grow earnings and revenue by 1.2% and 1.9% per annum respectively. EPS is expected to grow by 6.1% per annum. Return on equity is forecast to be 10.7% in 3 years.

Key information

1.2%

Earnings growth rate

6.07%

EPS growth rate

Banks earnings growth7.1%
Revenue growth rate1.9%
Future return on equity10.67%
Analyst coverage

Good

Last updated01 Aug 2026

Recent future growth updates

Analysis Article • Apr 26

First Citizens BancShares, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Last week, you might have seen that First Citizens BancShares, Inc. ( NASDAQ:FCNC.A ) released its first-quarter result...

Recent updates

Narrative Update • Jul 26

FCNC.A: Rate Backdrop, Credit Trends And Buybacks Will Shape Future Risk Balance

Analysts have lifted the fair value estimate for First Citizens BancShares from about $2,259 to roughly $2,305. This reflects higher Street price targets clustered around $2,300 to $2,450, along with updated assumptions for slightly lower revenue growth, modestly stronger profit margins, and a steady forward P/E outlook.
Narrative Update • Jul 07

FCNC.A: Loan Mix, Credit Trends And Buybacks Will Shape Future Risk Balance

The analyst price target for First Citizens BancShares has been raised by $47.50 to $2,258.75 as analysts update their models around loan and deposit trends, credit conditions, and forward P/E assumptions. Analyst Commentary Recent Street research on First Citizens BancShares shows a mix of optimism and caution, with price targets adjusted both higher and lower as analysts update models around loan and deposit trends, credit conditions, and P/E assumptions.
Narrative Update • Jun 23

FCNC.A: Recent Downgrades And Buybacks Will Shape Future Risk Reward Balance

First Citizens BancShares' analyst price target has been trimmed by about $2 to roughly $2,211, as analysts factor in updated views on discount rates, profit margins, and long-term P/E assumptions, following a series of recent target cuts and downgrades across the Street. Analyst Commentary Recent Street research on First Citizens BancShares points to a period of reassessment, with several firms trimming price targets and a couple of higher profile downgrades, including one from JPMorgan.
Narrative Update • Jun 06

FCNC.A: Buybacks And Execution Risks Will Shape Future Risk And Return Profile

Analysts have trimmed their average price target on First Citizens BancShares by roughly $375, reflecting recent target cuts and downgrades as they reassess the stock's risk and return profile. Analyst Commentary Recent Street research has tilted more cautious on First Citizens BancShares, with several firms cutting price targets and issuing downgrades as they reassess valuation and execution risk.
Narrative Update • May 22

FCNC.A: Buybacks And Franchise Resilience Will Drive Future Upside Potential

Analysts have trimmed the fair value estimate for First Citizens BancShares by about $17 to roughly $2,213, reflecting recent reductions in price targets and more cautious assumptions on growth and required return. Analyst Commentary Recent Street research has shifted more cautious on First Citizens BancShares, with several firms trimming price targets and issuing downgrades.
Analysis Article • Apr 26

First Citizens BancShares, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Last week, you might have seen that First Citizens BancShares, Inc. ( NASDAQ:FCNC.A ) released its first-quarter result...
Narrative Update • Apr 25

FCNC.A: Acquisition Pursuit Above $250b Assets Will Drive Future Upside

First Citizens BancShares' updated analyst price target reflects a modest adjustment to fair value to $2,229.58, as analysts factor in revised expectations for revenue growth, profit margins, and a slightly lower discount rate following a series of recent target cuts and downgrades across major firms. Analyst Commentary Recent Street research on First Citizens BancShares has centered on a series of price target revisions and rating changes, with both upbeat and cautious views feeding into the updated fair value estimate of US$2,229.58.
Narrative Update • Apr 10

FCNC.A: 2026 Guidance Delivery And Acquisition Review Will Drive Future Upside

Analysts have reduced the updated price target for First Citizens BancShares by about $53 to $2,226.67. This revision reflects a series of recent target cuts and downgrades, even as their models assume slightly higher revenue growth and a lower future P/E multiple.
Narrative Update • Mar 26

FCNC.A: 2026 Execution On Guidance And Acquisitions Will Drive Upside Potential

Analysts made a small upward adjustment to the First Citizens BancShares price target to $2,279.36, reflecting mixed but generally supportive recent research in which some firms raised targets by up to $100 and others trimmed them by $100 to $175 as they reassessed discount rates, profit margins, and future P/E assumptions. Analyst Commentary Recent research on First Citizens BancShares has been mixed, with some firms lifting price targets and others trimming them, often tied to updates on 2026 guidance, discount rate assumptions, and expectations for margins and returns.
Narrative Update • Feb 10

FCNC.A: 2026 Guidance And P/E Repricing Will Shape Balanced Risk Reward

Analysts have trimmed their blended price target for First Citizens BancShares by about $8 per share, reflecting updated 2026 guidance, mixed target moves across firms, slightly lower revenue growth assumptions, and a higher future P/E multiple accompanied by a modestly stronger profit margin outlook. Analyst Commentary Recent Street research on First Citizens BancShares shows both optimism and caution around the updated 2026 outlook, with price targets moving in different directions as analysts recalibrate expectations for growth, profitability, and valuation.
Narrative Update • Jan 27

FCNC.A: 2026 Roadmap Execution And Net Interest Income Trends Will Drive Upside

Analysts trimmed their price target on First Citizens BancShares by about $66, reflecting slightly higher discount rate assumptions and a lower future P/E multiple, even as they incorporate modestly stronger revenue growth and profit margin expectations supported by recent research updates across the Street. Analyst Commentary Street research on First Citizens BancShares is mixed, with some firms lifting targets while others pull back, often on the same set of fundamental drivers.
Narrative Update • Jan 12

FCNC.A: Net Interest Income And Credit Trends Will Guide Balanced Return Expectations

Narrative Update Analysts have nudged their implied fair value estimate for First Citizens BancShares higher to about $2,350 from roughly $2,180, reflecting updated assumptions around discount rates, long term revenue and margins, following a mix of recent target hikes and trims across the Street. Analyst Commentary Recent research shows a split view on First Citizens BancShares, with some firms lifting targets and others trimming them, as they balance valuation, earnings power, and execution on growth initiatives.
Narrative Update • Dec 15

FCNC.A: Net Interest Income And Credit Trends Will Shape Future Return Range

Analysts have modestly reduced their average price target on First Citizens BancShares to about $2,000 from roughly $2,150, citing resilient but range bound return expectations, a tempered net interest income outlook amid anticipated rate cuts, and incremental credit risk from specific borrower exposure, even as revenue growth and profitability assumptions edge higher. Analyst Commentary Sell side views on First Citizens BancShares reflect a mix of confidence in underlying fundamentals and caution around forward earnings power, leading to tighter, but still elevated, valuation expectations.
Narrative Update • Dec 01

FCNC.A: Net Interest Income Guidance Will Shape Market Outlook Moving Forward

The consensus analyst price target for First Citizens BancShares has been revised downward by approximately $100 to $2,050. This reflects cautious sentiment as analysts weighed resilient results against moderating growth outlooks and anticipated headwinds from lower net interest margins.
Narrative Update • Nov 17

FCNC.A: Forward Guidance And Credit Trends Will Drive Post-Earnings Confidence

First Citizens BancShares' analyst price target was revised slightly higher to $2,158.85 from $2,155, as analysts cite resilient Q3 performance and updated guidance that offset near-term earnings headwinds. Analyst Commentary Analysts have recently adjusted their perspectives on First Citizens BancShares, balancing both positive and cautious views following the company’s latest earnings and guidance updates.
Narrative Update • Nov 01

FCNC.A: Net Interest Income Guidance Will Drive Returns Amid Rate Cut Uncertainty

Analysts have reduced their price targets for First Citizens BancShares by approximately $150 to $2,155. They cite factors such as resilient but range-bound earnings trends, expected pressure on net interest income from anticipated rate cuts, and specific credit exposures.
Narrative Update • Oct 17

Tech, Media And Telecom Banking Will Strengthen Operational Resilience

First Citizens BancShares' analyst price target has been reduced from $2,275 to $2,186.54, as analysts cite incremental headwinds related to a recent large bankruptcy exposure and expectations for moderating profit margins. Analyst Commentary Recent analyst updates regarding First Citizens BancShares present a mixed outlook, highlighting both the company’s competitive strengths and several areas of concern that may affect its future valuation and growth prospects.
Narrative Update • Oct 03

Tech, Media And Telecom Banking Will Strengthen Operational Resilience

First Citizens BancShares' analyst price target has recently edged down from approximately $2,310 to $2,275, as analysts point to modestly slower revenue growth but stable profitability in their updated outlooks. Analyst Commentary Bullish Takeaways Bullish analysts maintain positive ratings and note that First Citizens' strong capital position and projected loan and deposit growth provide a foundation for further expansion.
Narrative Update • Sep 05

Tech, Media And Telecom Banking Will Strengthen Operational Resilience

The consensus price target for First Citizens BancShares was modestly revised upward to $2,311, with bullish analysts citing strong capital deployment capacity and expectations of a favorable interest rate and lending environment as key drivers. Analyst Commentary Bullish analysts cited excess capital deployment capacity as a key driver for upward price target revisions.

Earnings and Revenue Growth Forecasts

NasdaqGS:FCNC.A - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20289,7132,250N/AN/A2
12/31/20279,3122,128N/AN/A5
12/31/20268,8732,185N/AN/A5
6/30/20269,3322,268N/AN/AN/A
3/31/20269,1412,1891,3732,997N/A
12/31/20259,0362,1491,3612,923N/A
9/30/20258,8972,2681,5622,992N/A
6/30/20258,9842,3381,5413,067N/A
3/31/20259,0912,4681,1022,625N/A
12/31/20249,3292,7161,4532,988N/A
9/30/20249,3642,5301,2602,770N/A
6/30/20249,4362,6431,6472,984N/A
3/31/20249,4842,6192,1023,483N/A
12/31/20237,60411,4071,2322,660N/A
9/30/20236,46811,1511,4202,813N/A
6/30/20235,23410,7178522,114N/A
3/31/20233,90310,2888351,852N/A
12/31/20223,9991,0481,8652,791N/A
9/30/20223,3239241,2841,864N/A
6/30/20222,6287401,0781,512N/A
3/31/20222,045650-156167N/A
12/31/20211,935529-391-284N/A
9/30/20211,939543-358-251N/A
6/30/20211,937562-412-290N/A
3/31/20211,921563353484N/A
12/31/20201,807478243376N/A
9/30/20201,751446227357N/A
6/30/20201,711433292421N/A
3/31/20201,658403N/A418N/A
12/31/20191,696457N/A578N/A
9/30/20191,663445N/A526N/A
6/30/20191,633438N/A156N/A
3/31/20191,593411N/A139N/A
12/31/20181,554400N/A454N/A
9/30/20181,537365N/A381N/A
6/30/20181,497315N/A685N/A
3/31/20181,453356N/A676N/A
12/31/20171,409324N/A355N/A
9/30/20171,386322N/A311N/A
6/30/20171,370306N/A327N/A
3/31/20171,374241N/A293N/A
12/31/20161,266225N/A231N/A
9/30/20161,350216N/A259N/A
6/30/20161,354220N/A250N/A
3/31/20161,339195N/A245N/A
12/31/20151,328210N/A233N/A
9/30/20151,350231N/A312N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCNC.A's forecast earnings growth (1.2% per year) is below the savings rate (3.5%).

Earnings vs Market: FCNC.A's earnings (1.2% per year) are forecast to grow slower than the US market (16.4% per year).

High Growth Earnings: FCNC.A's earnings are forecast to grow, but not significantly.

Revenue vs Market: FCNC.A's revenue (1.9% per year) is forecast to grow slower than the US market (12.5% per year).

High Growth Revenue: FCNC.A's revenue (1.9% per year) is forecast to grow slower 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 (10.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/04 18:07
End of Day Share Price 2026/08/03 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Citizens BancShares, Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason GoldbergBarclays
Christopher MarinacBrean Capital Historical (Janney Montgomery)
Benjamin GerlingerCitigroup Inc