First Citizens BancShares Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Frank Holding

Chief executive officer

US$10.0m

Total compensation

CEO salary percentage	10.1%
CEO tenure	17yrs
CEO ownership	13.9%
Management average tenure	10.2yrs
Board average tenure	18.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Holding's remuneration changed compared to First Citizens BancShares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$3b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$10m	US$1m	US$11b
Sep 30 2023	n/a	n/a	US$11b
Jun 30 2023	n/a	n/a	US$11b
Mar 31 2023	n/a	n/a	US$10b
Dec 31 2022	US$8m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$924m
Jun 30 2022	n/a	n/a	US$740m
Mar 31 2022	n/a	n/a	US$650m
Dec 31 2021	US$6m	US$1m	US$529m
Sep 30 2021	n/a	n/a	US$543m
Jun 30 2021	n/a	n/a	US$562m
Mar 31 2021	n/a	n/a	US$563m
Dec 31 2020	US$4m	US$978k	US$478m
Sep 30 2020	n/a	n/a	US$446m
Jun 30 2020	n/a	n/a	US$433m
Mar 31 2020	n/a	n/a	US$403m
Dec 31 2019	US$4m	US$964k	US$457m
Sep 30 2019	n/a	n/a	US$445m
Jun 30 2019	n/a	n/a	US$438m
Mar 31 2019	n/a	n/a	US$411m
Dec 31 2018	US$3m	US$955k	US$400m

Compensation vs Market: Frank's total compensation ($USD9.96M) is about average for companies of similar size in the US market ($USD12.87M).

Compensation vs Earnings: Frank's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Frank Holding (63 yo)

17yrs

Tenure

US$9,961,303

Compensation

Mr. Frank Brown Holding, Jr. serves as Independent Director of flyExclusive, Inc. since December 27, 2023. He has been Chairman of First Citizens BancShares, Inc. a banking and investment services company,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Holding	Chairman & CEO	17yrs	US$9.96m	13.92% $ 4.1b
Hope Bryant	Vice Chairwoman	19yrs	US$6.04m	2.34% $ 682.1m
Peter Bristow	President & Director	10.3yrs	US$6.23m	4.42% $ 1.3b
Craig Nix	Chief Financial Officer	10.2yrs	US$5.10m	0.0080% $ 2.3m
Lorie Rupp	Chief Risk Officer	11.8yrs	US$3.43m	no data
Gregory Smith	Chief Information & Operations Officer	less than a year	no data	no data
Deanna Hart	Senior Vice President of Investor Relations	3.9yrs	no data	no data
Matthew G. Martin	Chief Counsel & Corporate Secretary	3.6yrs	no data	no data
Barbara Thompson	Director of Corporate Communications & Brand Marketing	no data	no data	no data
Jeffery Ward	Chief Strategy Officer	10.3yrs	US$1.67m	no data
Douglas Berlon	Senior Vice President	no data	no data	no data
Marco Maiurano	Chief Information Security Officer	3.2yrs	no data	no data

10.2yrs

Average Tenure

59yo

Average Age

Experienced Management: FCNC.A's management team is seasoned and experienced (10.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Holding	Chairman & CEO	32yrs	US$9.96m	13.92% $ 4.1b
Hope Bryant	Vice Chairwoman	19yrs	US$6.04m	2.34% $ 682.1m
Peter Bristow	President & Director	10.3yrs	US$6.23m	4.42% $ 1.3b
Michael Carpenter	Independent Director	3yrs	US$265.00k	0.016% $ 4.6m
John Alexander	Independent Director	35yrs	US$272.50k	0.0093% $ 2.7m
Eugene Flood	Independent Director	2yrs	US$320.00k	0.00014% $ 40.9k
Robert Newcomb	Lead Independent Director	23yrs	US$340.00k	0.0072% $ 2.1m
Victor Bell	Independent Director	23yrs	US$265.00k	0.061% $ 17.8m
Harold Durham	Independent Director	22yrs	US$322.50k	0.0057% $ 1.7m
Ellen Alemany	Director	3yrs	US$7.93m	0.12% $ 36.0m
Robert Mason	Independent Director	17.8yrs	US$265.00k	0.0039% $ 1.1m
Robert Hoppe	Independent Director	10.3yrs	US$295.00k	0.0022% $ 654.2k

18.4yrs

Average Tenure

68yo

Average Age

Experienced Board: FCNC.A's board of directors are seasoned and experienced ( 18.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 03:38
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 .

Analyst Sources

First Citizens BancShares, Inc. is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Heagerty	Atlantic Equities LLP
Jason Goldberg	Barclays
Jason Goldberg	Barclays

First Citizens BancShares Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently sold US$3.5m worth of stock

Director recently sold US$4.7m worth of stock

First Citizens BancShares, Inc., Annual General Meeting, May 01, 2024

Vice Chairwoman notifies of intention to sell stock

Vice Chairwoman notifies of intention to sell stock

First Citizens Bank Announces Appoints James Bennett as Executive Director of External Affairs

Recent updates

First Citizens BancShares, Inc. to Report Q4, 2024 Results on Jan 24, 2025

Price target increased by 7.2% to US$2,302

Upcoming dividend of US$1.95 per share

Investor sentiment improves as stock rises 15%

First Citizens Bank Offering Tax Equity Investments in Renewable Energy Projects

Third quarter dividend increased to US$1.95

First Citizens BancShares, Inc. Declares Dividends on the Class A and Class B Common Stock, Payable on December 16, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First Citizens BancShares, Inc. to Report Q3, 2024 Results on Oct 24, 2024

Upcoming dividend of US$1.64 per share

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 8.5% to US$2,198

Second quarter dividend of US$1.64 announced

Investor sentiment improves as stock rises 15%

First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) announces an Equity Buyback for $3,500 million worth of its shares.

First Citizens Bancshares, Inc. Declares Dividends on the Company's Class A and Class B Common Stock, Payable on September 16, 2024

Upcoming dividend of US$1.64 per share

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Director recently sold US$3.5m worth of stock

Price target increased by 7.3% to US$2,002

Fourth quarter dividend of US$1.64 announced

First Citizens BancShares, Inc. Declares Quarterly Dividend, Payable on June 17, 2024

Investor sentiment improves as stock rises 16%

First Citizens BancShares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Director recently sold US$4.7m worth of stock

First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).

First Citizens BancShares, Inc., Annual General Meeting, May 01, 2024

Vice Chairwoman notifies of intention to sell stock

Vice Chairwoman notifies of intention to sell stock

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$1.64 per share

Third quarter dividend of US$1.64 announced

First Citizens BancShares, Inc. Provides Net Interest Income Guidance for the First Quarter and Full Year of 2024

First Citizens BancShares, Inc. Provides Net Interest Income Guidance for the First Quarter and Full Year of 2024

First Citizens Bancshares, Inc. Announces Net Charge-Offs Fourth Quarter Ended December 31, 2023

First Citizens Bank Announces Appoints James Bennett as Executive Director of External Affairs

First Citizens BancShares, Inc. to Report Q4, 2023 Results on Jan 26, 2024

Vice Chairwoman recently sold US$978k worth of stock

Vice Chairwoman notifies of intention to sell stock

First Citizens BancShares, Inc. and First-Citizens Bank & Trust Company Appoint David G. Leitch to its Board of Directors and Audit Committee and Compensation, Nominations and Governance Committee, Effective January 1, 2024

Upcoming dividend of US$1.64 per share at 0.5% yield

Vice Chairwoman recently sold US$2.9m worth of stock

Vice Chairwoman notifies of intention to sell stock

First Citizens BancShares, Inc. Announces Demise of Floyd Keels, Member of Board of Directors

New major risk - Revenue and earnings growth

First Citizens BancShares, Inc. Declares Quarterly Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$50.73 (vs US$19.29 in 3Q 2022)

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.75 per share at 0.2% yield

Vice Chairwoman recently sold US$2.3m worth of stock

Price target increased by 10% to US$1,703

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Citizens BancShares, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Chairman & CEO recently sold US$4.6m worth of stock

Upcoming dividend of US$0.75 per share at 0.2% yield

Consensus EPS estimates increase by 16%, revenue downgraded

Price target increased by 16% to US$1,276

First Citizens BancShares, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2023

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 40%

Consensus revenue estimates increase by 76%

Investor sentiment improves as stock rises 59%

Price target decreased by 11% to US$833

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.75 per share at 0.4% yield

First Citizens Bancshares, Inc. Declares Dividends on the Company's Class A and Class B Common Stock, Payable on March 15, 2023