Piper Sandler raised the firm’s price target on First Citizens (FCNCA) to $2,100 from $2,000 and keeps a Neutral rating on the shares. The firm notes the company’s Q4 2025 figures offered mixed results, in which the bank drove continued loan growth and directionally improved its TBV and earnings. Yet Piper finds it difficult to ignore this quarter’s EOP deposit contraction, especially considering the bank’s objective to further repay the purchase money note through low-cost funding generation.
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