First Citizens BancShares (Nasdaq:FCNC.O) - Stock Price, News & Analysis

FCNC.O Stock Overview

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals.

About the company

FCNC.O fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 48.7% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 3.1% per year for the next 3 years

Profit margins (28%) are lower than last year

First Citizens BancShares, Inc. Competitors

Nu Holdings

NYSE:NU

US$63.4b

Fifth Third Bancorp

NasdaqGS:FITB

US$28.5b

Credicorp

NYSE:BAP

US$14.6b

U.S. Bancorp

NYSE:USB

US$69.8b

Price History & Performance

Summary of all time highs, changes and price drops for First Citizens BancShares
Historical stock prices
Current Share Price	US$24.41
52 Week High	US$24.83
52 Week Low	US$19.15
Beta	0.81
11 Month Change	4.32%
3 Month Change	9.12%
1 Year Change	26.35%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-7.36%

Recent updates

Shareholder Returns

	FCNC.O	US Banks	US Market
7D	-1.5%	0.3%	0.4%
1Y	26.3%	44.4%	32.6%

Return vs Industry: FCNC.O underperformed the US Banks industry which returned 44.4% over the past year.

Return vs Market: FCNC.O underperformed the US Market which returned 32.6% over the past year.

Price Volatility

Is FCNC.O's price volatile compared to industry and market?
FCNC.O volatility
FCNC.O Average Weekly Movement	1.5%
Banks Industry Average Movement	4.7%
Market Average Movement	6.4%
10% most volatile stocks in US Market	15.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FCNC.O has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FCNC.O's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1898	15,868	Frank Holding	www.firstcitizens.com

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 mortgage; and commercial and industrial leases, as well as small business administration loans.

First Citizens BancShares, Inc. Fundamentals Summary

How do First Citizens BancShares's earnings and revenue compare to its market cap?
FCNC.O fundamental statistics
Market cap	US$27.99b
Earnings (TTM)	US$2.64b
Revenue (TTM)	US$9.44b

10.7x

P/E Ratio

1.3x

P/B Ratio

Is FCNC.O overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FCNC.O income statement (TTM)
Revenue	US$9.44b
Cost of Revenue	US$0
Gross Profit	US$9.44b
Other Expenses	US$6.79b
Earnings	US$2.64b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 24, 2024

Earnings per share (EPS)	182.70
Gross Margin	100.00%
Net Profit Margin	28.01%
Debt/Equity Ratio	174.6%

How did FCNC.O perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

3%

Payout Ratio

FCNC.O Stock Overview

Rewards

Risk Analysis

First Citizens BancShares, Inc. Competitors

NYSE:NU

US$63.4b

NasdaqGS:FITB

US$28.5b

NYSE:BAP

US$14.6b

NYSE:USB

US$69.8b

Price History & Performance

Recent News & Updates

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

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

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

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

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).

Recent updates

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

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

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

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

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

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

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

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

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

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

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

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

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

First Citizens BancShares, Inc. to Report Q4, 2022 Results on Jan 26, 2023

First Citizens BancShares, Inc. Announces Board Changes

First Citizens Bancshares, Inc. Declares Quarterly Dividend on Class A and Class B Common Stock, Payable on December 15, 2022

First Citizens BancShares, Inc. to Report Q3, 2022 Results on Oct 27, 2022

First Citizens BancShares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

First Citizens BancShares, Inc. to Report Q2, 2022 Results on Jul 28, 2022

First Citizens BancShares, Inc. to Report Q1, 2022 Results on Apr 28, 2022