First Citizens BancShares, Inc. (FCNCA)
Market Cap | 24.94B |
Revenue (ttm) | 9.47B |
Net Income (ttm) | 2.62B |
Shares Out | 14.43M |
EPS (ttm) | 180.12 |
PE Ratio | 9.59 |
Forward PE | 9.45 |
Dividend | $6.56 (0.38%) |
Ex-Dividend Date | May 31, 2024 |
Volume | 94,465 |
Open | 1,704.79 |
Previous Close | 1,697.56 |
Day's Range | 1,693.78 - 1,740.65 |
52-Week Range | 1,241.05 - 1,810.03 |
Beta | 0.84 |
Analysts | Buy |
Price Target | 1,816.56 (+5.11%) |
Earnings Date | Jul 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 5.11% from the latest price.
News
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First Citizens BancShares, Inc. Announces Date of 2024 Second Quarter Earnings Call
RALEIGH, N.C. , July 2, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended June 30, 202...
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This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
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First Citizens Bank Provides $22 Million to Euroseas Ltd. for Containership Financing
NEW YORK , June 25, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a n...
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CIT Northbridge Credit Provides $35 Million to Network Wireless Solutions
NEW YORK , June 18, 2024 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $35 million revol...
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Affluent Americans Confident in Their Money Management Skills but Underprepared to Transfer Wealth to Heirs, First Citizens Wealth Study Finds
RALEIGH, N.C. , June 17, 2024 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank (NASDAQ: FCNCA/FCNCB), today published the results of a new study conducted t...
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First Citizens Bank Serves as Lead Arranger on $133 Million for Massachusetts Battery Energy Storage Project
NEW YORK , June 13, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Po...
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First Citizens Bank Provides Loan to Refinance Tacoma Senior Living Facility
NEW YORK , June 13, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided a term loan to refinance GenCare Lifestyle Tacoma at Point Ruston, a 159-unit...
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AI Investments Dominate Healthcare; Silicon Valley Bank Releases New AI Patient Journey Report
New report finds one in four dollars invested in healthcare going toward companies leveraging AI SAN FRANCISCO , June 11, 2024 /PRNewswire/ -- Venture capital deal activity in Artificial Intelligence ...
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First Citizens Bank Provides Up to $400 Million for WhiteHawk Funds
NEW YORK , June 11, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments o...
Regional banks can 'earn their way out of risk' from commercial real estate: Janney's Chris Marinac
Chris Marinac, director of equity research at Janney Montgomery Scott, joins CNBC's 'The Exchange' to discuss why he disagrees with Moody's downgrade of some regional banks, how investors can position...
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First Citizens BancShares Debuts on Fortune 500
RALEIGH, N.C. , June 4, 2024 /PRNewswire/ -- First Citizens BancShares Inc. (Nasdaq: FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the l...
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CIT Northbridge Credit Provides $75 Million to Cisco Equipment Rentals
NEW YORK , May 30, 2024 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $75 million revolv...
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Denim Secures $63 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 , May 30, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank...
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First Citizens Bank Provides $31.5 Million to Fashion Retailer for Purchase of Warehouse and Distribution Center
RALEIGH, N.C. , May 29, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $31.5 million in financing to national fashion retailer Jaclyn LLC for...
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First Citizens Bank Provides $74 Million for Multifamily Building in Downtown Brooklyn
NEW YORK , May 28, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Commercial Real Estate business served as sole lender on a $74 million senior secured loan to Lonicera Partners on ...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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.
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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...
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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...