First Citizens BancShares, Inc. (FCNCA)

NASDAQ: FCNCA · IEX Real-Time Price · USD
1,728.20
+30.64 (1.80%)
Jul 2, 2024, 4:00 PM EDT - Market closed
1.80%
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]

Sector Financials
Founded 1898
Employees 16,021
Stock Exchange NASDAQ
Ticker Symbol FCNCA
Full Company Profile

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 Statements

Analyst 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.

Price Target
$1,816.56
(5.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

7 hours ago - PRNewsWire

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...

Other symbols: ALLYAXPBACBKCCFGCOF
1 day ago - Market Watch

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...

Other symbols: ESEA
7 days ago - PRNewsWire

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...

14 days ago - PRNewsWire

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...

15 days ago - PRNewsWire

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...

19 days ago - PRNewsWire

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...

19 days ago - PRNewsWire

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 ...

21 days ago - PRNewsWire

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...

21 days ago - PRNewsWire

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...

Other symbols: ABCBFITBKRESNV
22 days ago - CNBC Television

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

Other symbols: TRIN
4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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 ...

5 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

Other symbols: HTGC
7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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.

2 months ago - Reuters

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...

Other symbols: VLY
2 months ago - Market Watch

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...

2 months ago - PYMNTS