First Citizens BancShares, Inc. (FCNCA)

NASDAQ: FCNCA · IEX Real-Time Price · USD
855.69
+4.42 (0.52%)
Aug 16, 2022 11:42 AM EDT - Market open
0.52%
Market Cap 13.59B
Revenue (ttm) 3.06B
Net Income (ttm) 740.08M
Shares Out 15.88M
EPS (ttm) 55.73
PE Ratio 15.35
Forward PE 11.29
Dividend $1.41 (0.16%)
Ex-Dividend Date Aug 30, 2022
Volume 39,456
Open 847.77
Previous Close 851.26
Day's Range 847.57 - 857.48
52-Week Range 598.01 - 947.71
Beta 1.08
Analysts Buy
Price Target 892.50 (+4.3%)
Earnings Date Jul 28, 2022

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 land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer ... [Read more...]

Industry Banks
Founded 1898
CEO Frank Holding
Employees 6,578
Stock Exchange NASDAQ
Ticker Symbol FCNCA
Full Company Profile

Financial Performance

In 2021, FCNCA's revenue was $1.94 billion, an increase of 7.12% compared to the previous year's $1.81 billion. Earnings were $547.46 million, an increase of 11.33%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for FCNCA stock is "Buy." The 12-month stock price forecast is 892.5, which is an increase of 4.30% from the latest price.

Price Target
$892.5
(4.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CIT Closes $75 Million Factoring Facility with Consumer Products Wholesaler

NEW YORK , Aug. 11, 2022 /PRNewswire/ -- CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $75 million factoring facility on behalf of a consumer prod...

Will First Citizens (FCNCA) Gain on Rising Earnings Estimates?

First Citizens (FCNCA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

CIT Increases Lending Facility for Fashion Company to $100 Million

NEW YORK , Aug. 3, 2022 /PRNewswire/ -- CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it increased a New York-based fashion company's discretionary lending facility ...

CIT Serves as Sole Lead Arranger of Financing for Swell Energy's Commercial Behind-The-Meter Energy Storage Projects

NEW YORK , Aug. 2, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as sole lead arranger of financing for the development of Swell ...

CIT Provides Acquisition Financing for Apartment Complex in Florida

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided a loan to TruAmerica Multifamily for the acquisition of The...

First Citizens BancShares (FCNCA) Surpasses Q2 Earnings and Revenue Estimates

First Citizens (FCNCA) delivered earnings and revenue surprises of 22.44% and 18.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

First Citizens BancShares Declares Dividends

RALEIGH, N.C., July 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares, Inc. (“BancShares”) (Nasdaq: FCNCA) declared on July 26, 2022, dividends on the company's Class A an...

First Citizens BancShares Reports Second Quarter 2022 Earnings

RALEIGH, N.C., July 28, 2022 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. (“BancShares”) (Nasdaq: FCNCA) reported earnings for the second quarter and year to date period ended June 30, 2022.

6 Stocks to Buy as Inflation Surges

Investors looking for more all-weather inflation winners need to look further afield to the second-order winners. And one class of stocks stands to gain, regardless of the economY.

Other symbols: BSVNCFGCVBFFINWPNC

CIT Serves as Lead Arranger of $88 Million Financing for Texas Battery Energy Storage System

NEW YORK , July 20, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merch...

First Citizens Bank Completes Operational Conversion of OneWest Bank Division

RALEIGH, N.C., July 18, 2022 (GLOBE NEWSWIRE) -- First Citizens Bank announced that its OneWest Bank division based in Southern California has completed its conversion to First Citizens' operations and ...

Wall Street Analysts See a 30% Upside in First Citizens (FCNCA): Can the Stock Really Move This High?

The mean of analysts' price targets for First Citizens (FCNCA) points to a 29.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among an...

CIT Provides $80 Million to Refinance Two Container Ships

NEW YORK , July 12, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Maritime Finance  business provided $80 million to refinance two Korean-built container ships op...

First Citizens BancShares, Inc. Announces Date of 2022 Second Quarter Earnings Call

RALEIGH, N.C., July 06, 2022 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the second quarter ended June 30, 2022, before the U.S. fin...

Is the Options Market Predicting a Spike in First Citizens (FCNCA) Stock?

Investors need to pay close attention to First Citizens (FCNCA) stock based on the movements in the options market lately.

3 Bank CEOs Gobble Up Their Own Stock

Chief executives at three regional banks have bought their own companies' stock last month.

Other symbols: CUBIMBIN

CIT Provides $22 Million to Refinance Chandler Medical Plaza

NEW YORK , May 31, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its  Healthcare Finance  business served as sole lender on a $22 million loan to AZ Banner Investment...

CIT Provides Up to $30.5 Million Financing for Lomar Portfolio

NEW YORK , May 24, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Maritime Finance  business served as sole lead arranger on up to $30.5 million in financing to ex...

CIT Provides $30 Million for Acquisition of Apartment Complex in Arizona

NEW YORK , May 18, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided $30 million for the acquisition of an apartment complex in ...

CIT Arranges $714 Million for Thermal Generation Assets in California

NEW YORK , May 11, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as coordinating lead arranger on $714 million in financing for a...

First Citizens Bank Forecast Shows Pandemic Rebound on Small Business Success

80% of small business owners indicate confidence in their growth, while only 42% express a positive economic outlook 80% of small business owners indicate confidence in their growth, while only 42% expr...

CIT Increases Financing for Polsteam Ship Operator by Nearly $10 Million

NEW YORK , May 5, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Maritime Finance business has increased its financing for Polska Zegluga Morska Capital Group, als...

CIT Northbridge Provides $65 Million to Family Care Company Hello Bello™

NEW YORK , April 28, 2022 /PRNewswire/ -- CIT Northbridge Credit, as advised by CIT Asset Management LLC, has served as sole lead arranger on a $65 million credit facility for Hello Bello, a manufacture...

First Citizens BancShares (FCNCA) Q1 Earnings and Revenues Surpass Estimates

First Citizens (FCNCA) delivered earnings and revenue surprises of 23.89% and 30.47%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

First Citizens BancShares Reports Earnings For The First Quarter Of 2022

RALEIGH, N.C., April 28, 2022 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. (“BancShares”) (Nasdaq: FCNCA) reported earnings for the first quarter ended March 31, 2022.