First Citizens BancShares (FCNCA) AI Stock Analysis

• Market Cap: $23.96B
• Dividend Yield: 0.39%
• Average Volume (3M): 107.35K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.11
• Revenue Growth: -2.09%
• EPS Growth: -6.84%
• Country: US
• Employees: 17,191
• Sector: Financial
• Sector Strength: 69
• Industry: Banks - Regional
• EPS (TTM): 44.78
• Shares Outstanding: 11,916,011
• 10 Day Avg. Volume: 158,946
• 30 Day Avg. Volume: 107,354
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.69
• Enterprise Value/Revenue: 4.38
• Enterprise Value/Gross Profit: 7.14
• Enterprise Value/Ebitda: 18.53
• 1Y Price Target: $2,292.50
• Price Target Upside: 20.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 75 Outperform
• Price Target: $2,172.00 ▲(14.23% Upside)

First Citizens BancShares demonstrates strong financial health and strategic capital management, as evidenced by its robust financial performance and new share repurchase program. However, mixed technical indicators and moderate valuation metrics suggest cautious optimism. The earnings call provided a balanced view with both strengths and challenges, contributing to a solid overall score.

Positive Factors

Interest Rate Environment

A stronger jobs report and a 'hawkish cut' have led to increased bank exposure, benefiting FCNCA's stock performance.

Net Interest Income

Analysts expect a positive reaction in FCNCA's stock due to the potential for nearly 5% net interest income upside based on current rate expectations.

Stock Rating

Analysts have assigned an Outperform rating for FCNCA, reflecting confidence in its future performance.

Negative Factors

Earnings Estimates

Earnings estimates for 4Q24E have been adjusted downward due to modestly lower net interest income and higher expenses.

Stock Price Movement

FCNCA's stock experienced a 7% pullback, which may concern investors about short-term performance.

First Citizens BancShares Business Overview & Revenue Model

Company Description

First Citizens BancShares (FCNCA) is a bank holding company based in Raleigh, North Carolina, primarily engaged in providing a wide range of banking and financial services through its subsidiary, First Citizens Bank. The company operates in various sectors, including retail banking, commercial banking, and wealth management. Core products and services offered by First Citizens include personal and business loans, mortgages, deposit accounts, investment services, and treasury management solutions.

How the Company Makes Money

First Citizens BancShares generates revenue through multiple key streams. The primary source of income is net interest income, which arises from the interest earned on loans and securities minus the interest paid on deposits and other borrowings. Additionally, the bank earns non-interest income from service fees, transaction fees, and wealth management services, which provide a diversified revenue base. The company may also benefit from partnerships with financial technology firms and other financial institutions to enhance its service offerings and reach more customers. Economic factors, such as interest rate changes and loan demand, also play a significant role in influencing the bank's earnings.

First Citizens BancShares Financial Statement Overview

Summary

First Citizens BancShares exhibits solid financial health with strong profitability and a stable balance sheet. The company demonstrates effective cash management and maintains a healthy equity ratio with moderate leverage. Despite a slight decline in revenue growth, the company remains well-positioned in the regional banking industry.

Income Statement

The income statement demonstrates robust profitability with a strong net profit margin of 17.2% TTM. However, revenue growth has slowed recently, declining by approximately 1.6% from the previous year. The gross profit margin remains solid at 61.2% TTM, supporting the company's ability to generate profit efficiently.

Balance Sheet

The balance sheet shows a healthy equity ratio of 9.74% TTM, indicating a stable financial structure. The debt-to-equity ratio has slightly increased to 1.74, suggesting moderate leverage with manageable risk. Return on equity is strong at 11.34% TTM, reflecting effective use of shareholder equity to generate profits.

Cash Flow

Cash flow analysis highlights a positive free cash flow, although declining by 24.2% year-over-year. The operating cash flow to net income ratio is 1.04, suggesting strong cash generation relative to accounting profits. The company maintains positive free cash flow to net income ratio at 0.44, indicating efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.70B	14.94B	12.64B	5.10B	1.90B	1.92B
Gross Profit	9.01B	9.30B	7.58B	3.98B	1.88B	1.76B
EBITDA	3.47B	3.72B	12.02B	1.90B	844.00M	751.00M
Net Income	2.53B	2.78B	11.47B	1.10B	547.00M	492.00M
Balance Sheet
Total Assets	228.82B	223.72B	213.76B	109.30B	58.31B	49.96B
Cash, Cash Equivalents and Short-Term Investments	35.06B	56.09B	54.45B	14.54B	18.66B	11.72B
Total Debt	38.75B	37.41B	38.05B	7.00B	1.78B	1.89B
Total Liabilities	206.53B	201.49B	192.50B	99.64B	53.57B	45.73B
Stockholders Equity	22.30B	22.23B	21.25B	9.66B	4.74B	4.23B
Cash Flow
Free Cash Flow	1.10B	1.45B	1.23B	1.86B	-391.00M	243.00M
Operating Cash Flow	2.63B	2.99B	2.66B	2.79B	-284.00M	376.00M
Investing Cash Flow	-10.74B	-10.15B	2.43B	75.00M	-7.57B	-9.91B
Financing Cash Flow	8.23B	7.07B	-4.70B	-2.69B	7.83B	9.52B

First Citizens BancShares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1901.42
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCNCA, the sentiment is Negative. The current price of 1901.42 is below the 20-day moving average (MA) of 1944.20, below the 50-day MA of 1970.66, and below the 200-day MA of 1985.76, indicating a bearish trend. The MACD of -33.30 indicates Positive momentum. The RSI at 44.59 is Neutral, neither overbought nor oversold. The STOCH value of 73.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FCNCA.

First Citizens BancShares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FITB	78 Outperform	$28.12B	13.22	11.58%	3.46%	1.90%	2.87%
CFG	77 Outperform	$20.83B	14.72	6.48%	3.46%	-3.68%	25.31%
RF	77 Outperform	$22.84B	11.93	11.59%	3.89%	2.94%	20.85%
FCNCA	75 Outperform	$23.96B	11.04	10.70%	0.39%	-2.09%	-6.84%
MTB	75 Outperform	$29.70B	12.31	9.47%	2.83%	0.69%	14.79%
HBAN	73 Outperform	$24.45B	12.42	10.43%	3.72%	6.06%	28.03%
Sector *	68 Neutral	$17.56B	11.63	10.45%	3.85%	9.69%	1.92%

First Citizens BancShares Corporate Events

First Citizens BancShares Announces New Share Repurchase Program

On July 25, 2025, First Citizens BancShares announced a new share repurchase program, authorizing up to $4 billion in Class A common stock repurchases through 2026, following the completion of a previous $3.5 billion program. The company reported strong financial results for the second quarter of 2025, with net income rising to $575 million, driven by revenue growth and positive credit performance. The announcement reflects the company’s commitment to long-term value creation and returning capital to shareholders, while also strengthening its leadership with the appointment of Diane Morais to the Board of Directors.

First Citizens BancShares Appoints Diane Morais to Board

On June 24, 2025, First Citizens BancShares appointed Diane Morais to its Board of Directors, effective July 1, 2025. Morais, a seasoned financial services leader with over 30 years of experience, previously held key roles at Ally Bank, including President of Consumer and Commercial Banking. Her appointment is expected to enhance the board’s governance efforts and align with First Citizens’ long-term, relationship-focused approach. Morais will serve on the Risk and Technology Committees, bringing valuable insights from her extensive background in banking and community involvement.