OTCPK:FIZN

Stock Analysis Report

First Citizens Bancshares

Executive Summary

First Citizens Bancshares, Inc., through its subsidiary, First Citizens National Bank, provides various commercial banking services to individuals and corporate customers in the mid-southern United States, primarily in West Tennessee.

Snowflake

Fundamentals

Flawless balance sheet second-rate dividend payer.

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

0%

OTCPK:FIZN

3.3%

US Banks

2.1%

US Market


1 Year Return

4.4%

OTCPK:FIZN

-13.8%

US Banks

-0.04%

US Market

FIZN outperformed the Banks industry which returned -14.8% over the past year.

FIZN outperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

FIZNIndustryMarket
7 Day0%3.3%2.1%
30 Day-1.6%-7.0%-3.2%
90 Dayn/a-2.3%2.8%
1 Year7.1%4.4%-11.3%-13.8%2.2%-0.04%
3 Yearn/a42.5%32.7%41.5%32.3%
5 Year71.3%50.2%54.2%37.6%55.0%37.8%

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?

6%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

First Citizens Bancshares's share price is below the future cash flow value, but not at a moderate discount (< 20%).

First Citizens Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

First Citizens Bancshares is overvalued 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?

5.8%

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 5.8% 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?

5.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Citizens Bancshares's year on year earnings growth rate has been positive over the past 5 years.

First Citizens Bancshares's 1-year earnings growth is negative, it can't be compared to the 5-year average.

First Citizens Bancshares's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


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 less 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

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

Information is not available.

Information is not available.


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 low (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?

2.62%

Current Dividend Yield


Dividend Yield and Payments Analysis

First Citizens Bancshares's pays a higher 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%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


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?

8.8yrs

Average management tenure


CEO

Jeff Agee (58yo)

12.3yrs

Tenure

US$626,598

Compensation

Mr. Jeffrey Dean Agee, also known as Jeff, is Chairman of the Board, Chief Executive Officer & Advisory Board Member of Southern Heritage, Union City, Southwest Tennessee, Middle Tennessee of First Citizen ...


CEO Compensation Analysis

Insufficient data for Jeff to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

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


Management Age and Tenure

8.8yrs

Average Tenure

57yo

Average Age

The average tenure for the First Citizens Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

21.6yrs

Average Tenure

64yo

Average Age

The average tenure for the First Citizens Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jeff Agee (58yo)

    Chairman & CEO

    • Tenure: 12.3yrs
    • Compensation: US$626.60k
  • Judy Long (65yo)

    President

    • Tenure: 7.9yrs
    • Compensation: US$364.78k
  • Laura Butler (44yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$304.67k
  • Chris Heckler (51yo)

    Executive VP of Retail Banking & Director

    • Tenure: 13.2yrs
    • Compensation: US$20.20k
  • Sherrell Armstrong (57yo)

    Executive VP & Director

    • Tenure: 2.6yrs
    • Compensation: US$234.62k

Board Members

  • Steve Williams (63yo)

    Director

    • Tenure: 28.6yrs
    • Compensation: US$32.20k
  • Milton Magee (82yo)

    Director

    • Tenure: 50.6yrs
    • Compensation: US$39.20k
  • John Lannom (65yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$37.20k
  • Barry Ladd (78yo)

    Director

    • Tenure: 23.6yrs
    • Compensation: US$34.20k
  • Jeff Agee (58yo)

    Chairman & CEO

    • Tenure: 12.3yrs
    • Compensation: US$626.60k
  • Judy Long (65yo)

    President

    • Tenure: 7.9yrs
    • Compensation: US$364.78k
  • Larry White (70yo)

    Vice Chairman of the Board

    • Tenure: 22.6yrs
    • Compensation: US$27.20k
  • Laura Butler (44yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$304.67k
  • Chris Heckler (51yo)

    Executive VP of Retail Banking & Director

    • Tenure: 13.2yrs
    • Compensation: US$20.20k
  • Sherrell Armstrong (57yo)

    Executive VP & Director

    • Tenure: 2.6yrs
    • Compensation: US$234.62k

Company Information

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


Key Information

  • Name: First Citizens Bancshares, Inc.
  • Ticker: FIZN
  • Exchange: OTCPK
  • Founded: 1889
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$241.813m
  • Shares outstanding: 3.96m
  • Website: https://www.firstcitizens-bank.com

Number of Employees


Location

  • First Citizens Bancshares, Inc.
  • One First Citizens Place
  • Dyersburg
  • Tennessee
  • 38024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIZNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDSep 2007

Biography

First Citizens Bancshares, Inc., through its subsidiary, First Citizens National Bank, provides various commercial banking services to individuals and corporate customers in the mid-southern United States, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:04
End of Day Share Price2019/07/29 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.