First Citizens BancShares, Inc. (FCNCA)
| Market Cap | 28.06B |
| Revenue (ttm) | 9.44B |
| Net Income (ttm) | 2.64B |
| Shares Out | 14.47M |
| EPS (ttm) | 181.80 |
| PE Ratio | 10.53 |
| Forward PE | 10.13 |
| Dividend | $6.56 (0.34%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 26,242 |
| Open | 1,916.05 |
| Previous Close | 1,915.14 |
| Day's Range | 1,896.55 - 1,940.00 |
| 52-Week Range | 1,274.91 - 2,174.80 |
| Beta | 0.82 |
| Analysts | Buy |
| Price Target | 1,913.78 (-1.35%) |
| Earnings Date | Oct 24, 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, First Citizens BancShares's revenue was $7.60 billion, an increase of 90.15% compared to the previous year's $4.00 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 $1,913.78, which is a decrease of -1.35% from the latest price.
News
First Citizens Bank Customers Can Now Receive Instant Deposits
RALEIGH, N.C. , Sept. 10, 2024 /PRNewswire/ -- First Citizens Bank today announced that its business and consumer banking customers can now instantly receive secure payments in their savings and check...
First Citizens Bank Serves as Co-Lead Arranger on $300 Million Credit Facility for Swift Current Energy
NEW YORK , Sept. 9, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as co-lead arranger on a $300 million senior secured credit facility for Swift Curr...
First Citizens Bank Arranges $115 Million in Financing for Illinois Skilled Nursing Facilities
NEW YORK , Sept. 5, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skil...
Deutsche Bank and First Citizens Bank Close $315.7 Million Financing for Four Texas Battery Energy Storage Projects
NEW YORK--(BUSINESS WIRE)--Deutsche Bank and First Citizens Bank announced today they served as co-lead arrangers on a $315.7 million financing for four battery energy storage systems in Texas. Deutsc...
First Citizens Bank Arranges $145 Million in Financing for Linea Energy
NEW YORK , Sept. 3, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as lead arranger on $145 million in financing on behalf of Linea Energy LLC for the...
First Citizens Bank Arranges Credit Facility Upsize for SG Credit Partners' ABL Verticals
NEW YORK , Sept. 3, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business served as lead arranger in upsizing the credit facility for SG Credit Partners' asset...
CIT Northbridge Credit Provides $45 Million to MacPherson's
NEW YORK , Aug. 7, 2024 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $45 million revolvi...
Healthcare Sector Sees Steady Rise in VC Investment and Fundraising; Silicon Valley Bank Releases 14th Edition of Mid-Year Healthcare Investments and Exits Report
2024 shaping up to be a strong year for biopharma SAN FRANCISCO , Aug. 7, 2024 /PRNewswire/ -- In the first half of 2024, 89% of US venture capital (VC) funds at or above $25M hit their fundraising ta...
First Citizens Wealth Expands Support for Entrepreneurs and Business Owners in Fast-Growing Atlanta Market
RALEIGH, N.C. , Aug. 1, 2024 /PRNewswire/ -- First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand from its core clientele of entrepreneurs and...
First Citizens Bancshares: A Strong Commercial Lending Franchise And SVB Recovery Are Positives
First Citizens reported good numbers across the board for Q2'24, beating expectations on every major line item, including better NIM, better fee-based earnings growth, better expense leverage, and low...
First Citizens Bank Provides $25 Million to Largest Wholesale Distributor of Plumbing, Heating and Industrial Products in Northeast
RALEIGH, N.C. , July 31, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $25 million in financing to F.W.
CIT Commercial Services Provides Up to $48 Million in Financing to Crown Crafts
NEW YORK , July 30, 2024 /PRNewswire/ -- First Citizens Bank today announced that its CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts Inc. (NASDAQ-CM: CRWS), one o...
First Citizens Expands Middle Market Banking to Serve Northeastern U.S.
RALEIGH, N.C., July 29, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking group is expanding in the Northeastern U.S., leveraging its deep middle market expertise...
First Citizens BancShares, Inc. (FCNCA) Q2 2024 Earnings Call Transcript
First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q2 2024 Results Conference Call July 25, 2024 9:00 AM ET Company Participants Deanna Hart - SVP, IR Frank Holding - CEO Craig Nix - CFO Tom Eklund - Tre...
First Citizens BancShares Reports Second Quarter 2024 Earnings, Announces Share Repurchase Plan
RALEIGH, N.C. , July 25, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the second quarter of 2024 and announced a share repurchase plan.
First Citizens BancShares Declares Dividends
RALEIGH, N.C. , July 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 stock...
First Citizens Bank Provides $24 Million for Acquisition of PAM Rehabilitation Hospital in Tulsa, Oklahoma
NEW YORK , July 17, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $24 million to finance the acquisition of a post-acute medical rehabilitation...
CIT Northbridge Credit Provides $40 Million to B&W Fiber Glass Inc.
NEW YORK , July 16, 2024 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $40 million revolv...
Final Trades: Edwards Lifesciences, First Citizens, UnitedHealth and iShares US Real Estate ETF
The Investment Committee give you their top stocks to watch for the second half.
Judge trims First Citizens claims that HSBC poached Silicon Valley Bank workers
A federal judge in California has dismissed most of First Citizens BancShares' $1 billion lawsuit accusing HSBC of poaching more than 40 employees of Silicon Valley Bank after its high-profile collaps...
Silicon Valley Bank buyer First Citizens seen as value play among bigger firms
First Citizens BancShares made one of the most high profile transactions of 2023 when it acquired Silicon Valley Bank, but its stock remains discounted compared to other big banks.
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...
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...
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...
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...