First Citizens BancShares, Inc. (FCNCA)
| 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...]
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 StatementsAnalyst 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.
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.
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.
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.