First Citizens BancShares, Inc. (FCNCA)
Market Cap | 20.90B |
Revenue (ttm) | 16.36B |
Net Income (ttm) | 11.15B |
Shares Out | 14.52M |
EPS (ttm) | 766.88 |
PE Ratio | 1.84 |
Forward PE | 7.27 |
Dividend | $6.56 (0.46%) |
Ex-Dividend Date | Nov 29, 2023 |
Volume | 93,424 |
Open | 1,445.00 |
Previous Close | 1,451.70 |
Day's Range | 1,412.24 - 1,475.82 |
52-Week Range | 505.84 - 1,512.07 |
Beta | 0.94 |
Analysts | Buy |
Price Target | 1,607.14 (+13.6%) |
Earnings Date | Jan 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 paycheck protection program loans. In addition, the company offers consumer loans, such as re... [Read more]
Financial Performance
In 2022, FCNCA's revenue was $4.44 billion, an increase of 129.30% compared to the previous year's $1.94 billion. Earnings were $1.05 billion, an increase of 98.11%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for FCNCA stock is "Buy." The 12-month stock price forecast is $1,607.14, which is an increase of 13.60% from the latest price.
News

First Citizens Bank Provides $10 Million to FitLife Brands, Inc. for Acquisition of MusclePharm
RALEIGH, N.C. , Dec. 6, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $10 million in financing to FitLife Brands Inc., a provider of innova...

CIT Northbridge Serves as Administrative Agent on $75 Million Revolving Credit Facility
RALEIGH, N.C. , Dec. 5, 2023 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, served as administrative ...

First Citizens Bank Arranges $75 Million in Financing for Turning Point Brands
NEW YORK , Nov. 30, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business, part of the bank's Commercial Finance group, served as co-collateral agent on $75 mi...

First Citizens Bank Arranges $99.3 Million for Kayne Anderson Real Estate and Remedy Medical Properties Joint Ventures
NEW YORK , Nov. 29, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne...

First Citizens Bank Provides Credit Facility to a Behavioral Healthcare Services Company
NEW YORK , Nov. 16, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business provided a credit facility to The Stepping Stones Group to accommodate the business' ...

First Citizens Bank Serves as Lead Arranger on $250 Million Financing for Innovative Hybrid Thermal and Battery Energy Storage Projects in California
RALEIGH, N.C. , Nov. 16, 2023 /PRNewswire/ -- First Citizens Bank announced today that its Energy Finance business acted as co-lead arranger on a $250 million financing on behalf of a portfolio of 327...

First Citizens Bank Provides $17.5 Million in Financing for Acquisition of a Rehabilitation Hospital in San Antonio, Texas
JACKSONVILLE, Fla. , Nov. 15, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $17.5 million in financing to Norvin Healthcare Properties for the ...

First Citizens Bank Leads $170 Million Refinancing for California Battery Energy Storage Project Portfolio
NEW YORK , Nov. 14, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as lead agent on a $170 million credit facility for esVolta, a leading developer, o...

First Citizens Announces Expanded Commitment to Communities in Northern California and Eastern Massachusetts
Agreement adds $6.5 billion in community lending to First Citizens' longstanding legacy of community support RALEIGH, N.C. , Nov. 14, 2023 /PRNewswire/ -- First Citizens Bank today announced an amendm...

FIRST CITIZENS BANK CONTRIBUTES $200,000 TO NONPROFITS PROVIDING RELIEF IN AREAS IMPACTED BY HAWAII WILDFIRES
RALEIGH, N.C. , Nov. 7, 2023 /PRNewswire/ -- First Citizens Bank is contributing $200,000 to nonprofit organizations providing housing relief and other essential assistance in areas impacted by the re...

First Citizens Bank Provides $44 Million Construction Loan for Philadelphia Distribution Center
RALEIGH, N.C. , Nov. 2, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Commercial Real Estate business provided $44 million in construction financing to Greek Real Estate Partners (...

First Citizens Mourns the Passing of Director Floyd Keels
RALEIGH, N.C. , Nov. 1, 2023 /PRNewswire/ -- First Citizens BancShares, Inc. (Nasdaq: FCNCA) is deeply saddened to announce the death of Floyd Keels, a longtime member of the company's Board of Direct...

First Citizens Bank Launches 2023 Teen Cancer America Campaign
Bank's annual campaign supports nonprofit's work to improve facilities, programs and care for teens and young adults with cancer RALEIGH, N.C. , Nov. 1, 2023 /PRNewswire/ -- What if you could help a y...

First Citizens BancShares Reports Third Quarter 2023 Earnings
RALEIGH, N.C. , Oct. 26, 2023 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the third quarter ended September 30, 2023.

First Citizens BancShares Declares Dividends
RALEIGH, N.C. , Oct. 26, 2023 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) declared on Oct. 24, 2023, dividends on the company's Class A and...

First Citizens Provides $60 Million Credit Facility for 200-Megawatt Battery Storage Project in California
NEW YORK , Oct. 24, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business has served as lead agent on $60 million in financing to Gore Street Energy Storage Fund pl...

Silicon Valley Bank Rolls Out New Solutions and Research Supporting Investors and Innovation Economy Companies
SVB's latest solutions and a new State of the Fintech Industry Report available at Money20/20 MONEY20/20 LAS VEGAS , Oct. 23, 2023 /PRNewswire/ -- Fully committed to supporting its clients and the inn...

First Citizens Bank Closes More Than $66 Million in Financings With Consumer Products Companies
RALEIGH, N.C. , Oct. 18, 2023 /PRNewswire/ -- First Citizens Bank today announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable...

Silicon Valley Bank Names Jennifer Friel Goldstein Head of Business Development for Life Science and Healthcare Banking
Goldstein rejoins from SVB Capital SAN FRANCISCO , Oct. 18, 2023 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that 20-year healthcare financing industr...

First Citizens Bank Coordinates $672 Million in Financings for Plus Power on Three Battery Storage Projects
RALEIGH, N.C. , Oct. 17, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business has served as coordinating lead arranger on three battery storage project financings ...

First Citizens Bank Serves as Lead Arranger on Acquisition Financing for Encore Luxury Coaches
RALEIGH, N.C. , Oct. 17, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business served as lead arranger on acquisition financing for Nashville-based Encore Lu...

First Citizens Stock Gets a New Bull as Banks Face Headwinds
Analysts at Wedbush Securities initiated coverage of First Citizens with an Outperform rating and $1,700 price target. This follows a bullish initiation from J.P.

First Citizens BancShares, Inc. Announces Date of 2023 Third Quarter Earnings Call
RALEIGH, N.C. , Oct. 4, 2023 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the third quarter ended Sept.

Healthtech Investments Stabilizing; Silicon Valley Bank Releases Future of Healthtech 2023 Report
Investment pace remains stable as valuations reset SAN FRANCISCO , Oct. 4, 2023 /PRNewswire/ -- Despite ongoing public market headwinds, the healthtech sector is showing signs of resilience, according...

First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
RALEIGH, N.C. , Oct. 2, 2023 /PRNewswire/ -- First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizen...