First Citizens BancShares, Inc. (FCNCA)
| Market Cap | 25.41B |
| Revenue (ttm) | 9.47B |
| Net Income (ttm) | 2.62B |
| Shares Out | 14.42M |
| EPS (ttm) | 180.12 |
| PE Ratio | 9.81 |
| Forward PE | 9.69 |
| Dividend | $6.56 (0.37%) |
| Ex-Dividend Date | May 31, 2024 |
| Volume | 43,182 |
| Open | 1,770.00 |
| Previous Close | 1,757.29 |
| Day's Range | 1,755.79 - 1,783.68 |
| 52-Week Range | 1,181.71 - 1,810.03 |
| Beta | 0.86 |
| Analysts | Buy |
| Price Target | 1,816.56 (+2.77%) |
| Earnings Date | Apr 25, 2024 |
About FCNCA
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. In addition, the company offers consumer loans, such as residential and revolving mort... [Read more]
Financial Performance
In 2023, FCNCA's revenue was $17.41 billion, an increase of 292.43% compared to the previous year's $4.44 billion. Earnings were $11.41 billion, an increase of 988.45%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for FCNCA stock is "Buy." The 12-month stock price forecast is $1,816.56, which is an increase of 2.77% from the latest price.
News
First Citizens Provides $24.5 Million in Financing for Texas Industrial Project
NEW YORK , May 15, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large n...
First Citizens Bank Serves as Sole Bookrunner and Co-Lead Arranger on $150 Million in Financing for Battery Energy Storage Projects
NEW YORK , May 14, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 mill...
Harness Raises $150 Million in New Financing
Investment from Silicon Valley Bank and Hercules Capital Will Further Accelerate Platform Innovation SAN FRANCISCO , May 14, 2024 /PRNewswire/ -- Harness , the Modern Software Delivery Platform® compa...
Climate Tech Fundraising Remains Steady; Silicon Valley Bank Releases Annual Climate Tech Report
As a sign of stabilization in US venture capital, findings show long-term tailwinds behind climate tech SAN FRANCISCO , May 14, 2024 /PRNewswire/ -- With 88% of global carbon emissions now covered by...
First Citizens Bank Donates $25,000 to Support Tornado Relief Efforts in Greater Omaha Communities
RALEIGH, N.C. , May 9, 2024 /PRNewswire/ -- First Citizens Bank today announced a $25,000 donation to support community relief efforts in areas devastated by the tornadoes that recently ripped through...
First Citizens Bank Arranges $260 Million in Financing for Skilled Nursing Facilities
NEW YORK , May 9, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled n...
First Citizens Wealth Launches Enhanced Private Investments Capabilities
RALEIGH, N.C. , May 8, 2024 /PRNewswire/ -- First Citizens Wealth today launched new enhancements to its Private Investments capabilities that enable qualified clients to invest in growth-oriented opp...
US Fed issues enforcement action with First Citizens Bank Of Butte -statement
The U.S. Federal Reserve Board has issued an enforcement action with First Citizens Bank of Butte in Montana, the board said in a statement on Tuesday.
First Citizens' stock boosted by first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.'s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleague...
First Citizens Reports Strong Liquidity a Year After SVB Purchase
Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a solid first quart...
SVB-owner First Citizens' profit beats estimates on interest income strength
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of Silicon Valley Bank (SVB) last year.
First Citizens BancShares Reports First Quarter 2024 Earnings
RALEIGH, N.C. , April 25, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the first quarter of 2024.
First Citizens BancShares Declares Dividends
RALEIGH, N.C. , April 25, 2024 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ: FCNCA) has declared the following dividends on the company's common and preferred stoc...
First Citizens Bank Provides $58.4 Million for Construction of Medical Inpatient Rehabilitation Facility in Miami, Florida
JACKSONVILLE, Fla. , April 23, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the con...
First Citizens Bank Provides $50 Million to Refinance Los Angeles Medical Office Building
JACKSONVILLE, Fla. , April 18, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Trist...
Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.
Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN) SAN FRANCISCO , April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Ban...
First Citizens BancShares, Inc. Announces Date of 2024 First Quarter Earnings Call
RALEIGH, N.C. , April 3, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2...
Celent Names Silicon Valley Bank Leader in Cash Management
SVB Go Receives 2024 Model Bank Award for Reinventing Cash Management SAN FRANCISCO , April 2, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that S...
First Citizens draws ‘buy' rating after bulking up from purchase of Silicon Valley Bank
First Citizens BancShares Inc. drew a buy rating from Goldman Sachs on Thursday as analysts said the large regional bank is well-positioned to deliver returns in the low-to-mid teens over time.
Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets
NEW YORK , March 21, 2024 /PRNewswire/ -- Coast , which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced it has raised $92 million in...
First Citizens Bank Provides $33.5 Million to Adams Beverages
RALEIGH, N.C. , March 11, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer...
First Citizens Bank Provides $1 Million Line of Credit to MC Nutraceuticals
RALEIGH, N.C. , March 5, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of t...
First Citizens Receives 20 Greenwich Excellence and Best Brand Awards for Middle Market Banking, Small Business Banking
RALEIGH, N.C., Feb. 23, 2024 /PRNewswire/ -- For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Bes...
Einhorn's Greenlight Capital Bought into Regional Lenders NYCB, First Citizens in Q4
David Einhorn's Greenlight Capital stayed committed to the turbulent regional banking industry in the fourth quarter, adding positions in New York Community Bancorp. (NYCB) and First Citizens BancShar...
First Citizens claims HSBC execs knew of plot to poach Silicon Valley Bank workers
First Citizens BancShares claims in a new court filing that executives at HSBC Holdings , including CEO Noel Quinn, condoned a plan to steal employees and confidential information from Silicon Valley ...