First Citizens BancShares, Inc. (FCNCA)

NASDAQ: FCNCA · IEX Real-Time Price · USD
1,414.80
-36.90 (-2.54%)
Dec 6, 2023, 4:00 PM EST - Market closed
-2.54%
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]

Sector Financials
Founded 1898
Employees 10,684
Stock Exchange NASDAQ
Ticker Symbol FCNCA
Full Company Profile

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 Statements

Analyst 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.

Price Target
$1,607.14
(13.60% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

23 hours ago - PRNewsWire

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 ...

1 day ago - PRNewsWire

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...

6 days ago - PRNewsWire

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...

7 days ago - PRNewsWire

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' ...

20 days ago - PRNewsWire

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...

20 days ago - PRNewsWire

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 ...

21 days ago - PRNewsWire

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...

22 days ago - PRNewsWire

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...

22 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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 (...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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.

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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 ...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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.

2 months ago - Barrons

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire