First Citizens BancShares, Inc. (FCNCA)
| Market Cap | 22.56B |
| Revenue (ttm) | 17.41B |
| Net Income (ttm) | 11.41B |
| Shares Out | 14.39M |
| EPS (ttm) | 784.51 |
| PE Ratio | 2.00 |
| Forward PE | 8.66 |
| Dividend | $6.56 (0.42%) |
| Ex-Dividend Date | Feb 28, 2024 |
| Volume | 57,671 |
| Open | 1,551.57 |
| Previous Close | 1,551.91 |
| Day's Range | 1,536.51 - 1,570.85 |
| 52-Week Range | 945.32 - 1,651.73 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 1,724.88 (+10.05%) |
| 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 9 analysts, the average rating for FCNCA stock is "Buy." The 12-month stock price forecast is $1,724.88, which is an increase of 10.05% from the latest price.
News
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 ...
First Citizens Bank Provides $37 Million to Refinance Birmingham, AL On Campus Medical Office Building
JACKSONVILLE, Fla. , Feb. 7, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview...
First Citizens Bank Provides $22.5 Million for Orlando Ambulatory Surgery Center
RALEIGH, N.C. , Feb. 6, 2024 /PRNewswire/ -- First Citizens Bank today announced that it has provided $22.5 million in financing for the development of a new outpatient surgery center in Orlando, Flor...
First Citizens Bank Joins with Teen Cancer America for 2024 'Month of Love' Campaign
This February, Show Teens and Young Adults with Cancer That You Care RALEIGH, N.C. , Feb. 1, 2024 /PRNewswire/ -- February is nonprofit Teen Cancer America's (TCA) "Month of Love," and First Citizens ...
First Citizens BancShares Reports Fourth Quarter 2023 Earnings
RALEIGH, N.C. , Jan. 26, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the fourth quarter ended December 31, 2023.
First Citizens BancShares Declares Dividends
RALEIGH, N.C., Jan. 26, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) declared on Jan. 24, 2024, dividends on the company'...
First Citizens Bank Provides $36.2 Million in Financing for Acquisition of Medical Office Buildings in North Carolina and Washington
JACKSONVILLE, Fla. , Jan. 25, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $36.2 million in acquisition financing to Anchor Health Properties ...
Bennett Named Executive Director of External Affairs at First Citizens Bank
RALEIGH, N.C., Jan. 22, 2024 /PRNewswire/ -- First Citizens Bank announced today the appointment of James Bennett as executive director of External Affairs.
Silicon Valley Bank Releases 23rd Annual State of the US Wine Industry Report
NAPA, Calif. , Jan. 18, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today released its 2024 State of the US Wine Industry Report.
Smith Named Chief Information & Operations Officer at First Citizens BancShares, First Citizens Bank
RALEIGH, N.C. , Jan. 16, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") announced today that Gregory L.
First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers
First Citizens Bank's $1 billion lawsuit accusing HSBC of illegally poaching employees from Silicon Valley Bank (SVB) after its collapse "is confusing and needs to be cleaned up," but the defects do n...
First Citizens BancShares, Inc. Announces Date of 2023 Fourth Quarter Earnings Call
RALEIGH, N.C. , Jan. 4, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the fourth quarter and year en...
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First Citizens Provides $16 Million to Raymour & Flanigan for Purchase of Showroom in White Plains, New York
RALEIGH, N.C. , Jan. 3, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $16 million in financing to Raymour & Flanigan for the purchase of an ...
CIT Northbridge Credit Provides Working Capital Financing to Winona Foods
RALEIGH, N.C. , Dec. 20, 2023 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, has provided working cap...