OTCPK:FCNC.B

Stock Analysis Report

First Citizens BancShares

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • First Citizens BancShares is not covered by any analysts.

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


Market Performance


7 Day Return

-2.9%

OTCPK:FCNC.B

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-8.6%

OTCPK:FCNC.B

-14.2%

US Banks

-0.4%

US Market

FCNC.B outperformed the Banks industry which returned -14.2% over the past year.

FCNC.B underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

FCNC.BIndustryMarket
7 Day-2.9%-2.6%-1.0%
30 Day-3.6%-5.5%-3.3%
90 Day-4.8%-3.5%0.4%
1 Year-8.2%-8.6%-11.8%-14.2%1.8%-0.4%
3 Year56.5%54.6%42.2%32.4%39.4%30.4%
5 Year77.3%73.4%53.3%36.7%54.2%37.1%

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

No news available

Valuation

Is First Citizens BancShares undervalued based on future cash flows and its price relative to the stock market?

11.82x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

First Citizens BancShares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

First Citizens BancShares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

First Citizens BancShares is good value based on earnings compared to the US Banks industry average.

First Citizens BancShares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for First Citizens BancShares, we can't assess if its growth is good value.


Price Based on Value of Assets

First Citizens BancShares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Citizens BancShares expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if First Citizens BancShares is high growth as no revenue estimate data is available.

First Citizens BancShares's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare First Citizens BancShares's revenue growth to the United States of America market average as no estimate data is available.

First Citizens BancShares's earnings growth is positive but not above the United States of America market average.

First Citizens BancShares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Citizens BancShares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

23.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Citizens BancShares has delivered over 20% year on year earnings growth in the past 5 years.

First Citizens BancShares's 1-year earnings growth exceeds its 5-year average (38.9% vs 23.1%)

First Citizens BancShares's earnings growth has exceeded the US Banks industry average in the past year (38.9% vs 33.2%).


Return on Equity

First Citizens BancShares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Citizens BancShares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Citizens BancShares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

  • Explore strong past performing companies in the banks industry.

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

First Citizens BancShares has an acceptable proportion of non-loan assets held.

First Citizens BancShares has a sufficient allowance for bad loans.

First Citizens BancShares's liabilities are made up of primarily low risk sources of funding.

First Citizens BancShares's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at First Citizens BancShares are broadly funded by customer deposits.

First Citizens BancShares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

0.36%

Current Dividend Yield


Upcoming Dividend Payment

Purchase First Citizens BancShares before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

First Citizens BancShares's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

First Citizens BancShares's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

First Citizens BancShares is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.

First Citizens BancShares is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of First Citizens BancShares's dividends as it is not paying a notable one for United States of America.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Citizens BancShares's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Frank Holding (58yo)

11.6yrs

Tenure

US$2,808,424

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

Frank's remuneration is lower than average for companies of similar size in United States of America.

Frank's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

The tenure for the First Citizens BancShares management team is about average.


Board Age and Tenure

9.5yrs

Average Tenure

65.5yo

Average Age

The tenure for the First Citizens BancShares board of directors is about average.


Insider Trading

More shares have been bought than sold by First Citizens BancShares individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$19,98014 Aug 19
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares54
Max PriceUS$370.00
BuyUS$12,21009 Aug 19
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares33
Max PriceUS$370.00
BuyUS$37,00027 Jun 19
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares100
Max PriceUS$370.00
BuyUS$843,75019 Jun 19
Yadkin Valley Co., Asset Management Arm
EntityCompany
Shares2,250
Max PriceUS$375.00
BuyUS$2,359,87519 Jun 19
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares6,293
Max PriceUS$375.00
BuyUS$74,11014 Jun 19
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares200
Max PriceUS$371.00
BuyUS$13,99626 Mar 19
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares40
Max PriceUS$350.00
BuyUS$28,87521 Nov 18
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares75
Max PriceUS$385.00
BuyUS$9,62502 Nov 18
Frank Holding
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares25
Max PriceUS$385.00

Ownership Breakdown


Management Team

  • Ricky Holland (65yo)

    Chief Credit Officer of First-Citizens Bank & Trust Co. and EVP of First-Citizens Bank & Trust Co.

    • Tenure: 11.8yrs
  • Hope Bryant (56yo)

    Vice Chairman & Corporate Sales Executive

    • Compensation: $1.63m
  • Ed Willingham (64yo)

    Chief Operating Officer

    • Tenure: 4.8yrs
    • Compensation: $1.64m
  • Peter Bristow (53yo)

    President

    • Tenure: 4.8yrs
    • Compensation: $1.66m
  • Lorie Rupp (54yo)

    Chief Risk Officer

    • Tenure: 6.4yrs
  • Jeff Ward (58yo)

    Chief Strategy Officer

    • Tenure: 4.8yrs
  • Jason Grooters (43yo)

    Assistant VP & Chief Accounting Officer

    • Tenure: 2.4yrs
  • Frank Holding (58yo)

    Chairman & CEO

    • Tenure: 11.6yrs
    • Compensation: $2.81m
  • Craig Nix (47yo)

    Chief Financial Officer

    • Tenure: 4.8yrs
    • Compensation: $1.23m
  • Bridget Welborn

    Corporate Secretary


Board Members

  • John Alexander (70yo)

    Director

    • Tenure: 29.6yrs
    • Compensation: $119.50k
  • Robert Newcomb (59yo)

    Lead Independent Director

    • Tenure: 1.6yrs
    • Compensation: $165.00k
  • Lee Durham (70yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: $181.00k
  • Robert Hoppe (68yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: $146.00k
  • Daniel Heavner (72yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: $126.00k
  • Hope Bryant (56yo)

    Vice Chairman & Corporate Sales Executive

    • Tenure: 8.6yrs
    • Compensation: $1.63m
  • Peter Bristow (53yo)

    President

    • Tenure: 4.8yrs
    • Compensation: $1.66m
  • Floyd Keels (71yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: $116.50k
  • Frank Holding (58yo)

    Chairman & CEO

    • Tenure: 10.5yrs
    • Compensation: $2.81m
  • Victor Bell (63yo)

    Independent Director

    • Tenure: 17.6yrs
    • Compensation: $130.00k

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.B
  • Exchange: OTCPK
  • Founded: 1898
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$4.864b
  • Shares outstanding: 11.11m
  • Website: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCNC.ANasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDOct 1986
FC6ADB (Deutsche Boerse AG)YesClass A Common StockDEEUROct 1986
FCNC.BOTCPK (Pink Sheets LLC)Class B Common StockUSUSDOct 1986

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. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:38
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.