First Citizens BancShares (FCNCA) AI Stock Analysis

• Market Cap: $23.26B
• Dividend Yield: 0.45%
• Average Volume (3M): 132.94K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.18
• Revenue Growth: -3.18%
• EPS Growth: -3.10%
• Country: US
• Employees: 17,191
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 44.62
• Shares Outstanding: 11,916,011
• 10 Day Avg. Volume: 96,581
• 30 Day Avg. Volume: 132,938
• PEG Ratio: -0.14
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 2.03
• P/FCF Ratio: 20.86
• Enterprise Value/Market Cap: 2.67
• Enterprise Value/Revenue: 4.24
• Enterprise Value/Gross Profit: 6.92
• Enterprise Value/Ebitda: 18.37
• 1Y Price Target: $2,093.33
• Price Target Upside: 15.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 169.12
• Revenue Forecast (FY): $8.80B

• Rating: 71 Outperform
• Price Target: $1,925.00 ▲(6.10% Upside)

First Citizens BancShares demonstrates solid financial performance with strong profitability and cash flow. The earnings call highlighted growth and strategic initiatives, but technical indicators suggest a bearish trend. Valuation is reasonable, though high leverage and recent revenue decline pose risks.

Positive Factors

Branch Expansion

Acquiring BMO branches will significantly expand First Citizens' market reach, enhancing its competitive position and customer base in key regions.

Strong Capital and Liquidity

A strong capital position ensures financial stability and supports strategic growth initiatives, allowing the company to invest in new opportunities.

Loan and Deposit Growth

Consistent loan and deposit growth indicates strong demand for the bank's services, enhancing revenue potential and market presence.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, especially in volatile markets, potentially impacting long-term sustainability.

Revenue Growth Decline

A declining revenue growth rate may affect future profitability and indicates challenges in maintaining market momentum and competitive edge.

Increased Net Charge-offs

Rising charge-offs suggest deteriorating credit quality, which could lead to higher future losses and impact the bank's financial health.

First Citizens BancShares Business Overview & Revenue Model

Company Description

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 loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2021, it operated 529 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

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 shows strong profitability margins and cash flow generation. However, high leverage and a recent decline in revenue growth rate are concerns. The company must focus on maintaining revenue growth while managing debt levels for long-term stability.

Income Statement

The income statement shows a mixed performance. While the company has maintained a healthy gross profit margin and net profit margin, there is a notable decline in revenue growth rate in the TTM period. The EBIT and EBITDA margins remain strong, indicating operational efficiency. However, the recent negative revenue growth rate is a concern that could impact future profitability.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, which suggests significant leverage. While the return on equity is positive, it has decreased over time, indicating reduced efficiency in generating returns on shareholder investments. The equity ratio is stable, but the high leverage poses potential risks if not managed carefully.

Cash Flow

Cash flow analysis shows a strong free cash flow growth rate in the TTM period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is robust, suggesting efficient conversion of income into cash. However, historical fluctuations in free cash flow growth highlight potential volatility in cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.62B	14.94B	12.64B	5.10B	1.90B	1.92B
Gross Profit	8.96B	9.30B	7.58B	3.98B	1.88B	1.76B
EBITDA	3.38B	3.72B	12.02B	1.90B	844.00M	751.00M
Net Income	2.40B	2.78B	11.47B	1.10B	547.00M	492.00M
Balance Sheet
Total Assets	229.65B	223.72B	213.76B	109.30B	58.31B	49.96B
Cash, Cash Equivalents and Short-Term Investments	37.38B	56.09B	54.45B	14.54B	18.66B	11.72B
Total Debt	38.47B	37.41B	38.05B	7.00B	1.78B	1.89B
Total Liabilities	207.36B	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	1.54B	1.45B	1.23B	1.86B	-391.00M	243.00M
Operating Cash Flow	3.07B	2.99B	2.66B	2.79B	-284.00M	376.00M
Investing Cash Flow	-9.48B	-10.15B	2.43B	75.00M	-7.57B	-9.91B
Financing Cash Flow	6.54B	7.07B	-4.70B	-2.69B	7.83B	9.52B

First Citizens BancShares Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1814.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCNCA, the sentiment is Neutral. The current price of 1814.41 is above the 20-day moving average (MA) of 1771.87, below the 50-day MA of 1822.90, and below the 200-day MA of 1896.35, indicating a neutral trend. The MACD of 3.52 indicates Negative momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 70.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FCNCA.

First Citizens BancShares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HBAN	77 Outperform	$24.67B	11.03	10.37%	3.91%	5.73%	38.39%
RF	76 Outperform	$21.79B	10.94	11.43%	4.05%	4.00%	28.54%
FCNCA	71 Outperform	$23.26B	10.75	10.38%	0.45%	-3.18%	-3.10%
CFG	71 Outperform	$22.20B	14.51	6.71%	3.29%	-3.93%	40.62%
SHG	70 Outperform	$25.24B	7.81	―	2.15%	-5.54%	5.77%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KB	63 Neutral	$30.77B	7.86	―	2.13%	-0.03%	24.32%

First Citizens BancShares Corporate Events

First Citizens BancShares Reports Solid Q3 2025 Earnings

First Citizens BancShares reported its third-quarter 2025 earnings, highlighting solid return metrics and growth in loans and deposits across all operating segments, particularly led by SVB Commercial. The company announced the acquisition of 138 BMO Bank branches, which is expected to enhance its liquidity and strategic initiatives, with the transaction anticipated to close in mid-2026. Financially, the company saw a slight decrease in net income compared to the previous quarter, but maintained strong capital and liquidity positions, returning $900 million to stockholders through share repurchases. The quarter also saw an increase in net interest income and noninterest income, while noninterest expenses slightly decreased. However, there was a significant increase in provision for credit losses, mainly due to an increase in net charge-offs, including a substantial charge-off on a single client.

The most recent analyst rating on (FCNCA) stock is a Hold with a $2400.00 price target. To see the full list of analyst forecasts on First Citizens BancShares stock, see the FCNCA Stock Forecast page.

First Citizens BancShares to Acquire 138 BMO Branches

On October 16, 2025, First Citizens Bank announced an agreement to acquire 138 branches from BMO Bank N.A. across the Midwest, Great Plains, and West regions of the U.S. The acquisition involves assuming approximately $5.7 billion in deposit liabilities and acquiring $1.1 billion in loans. This strategic move is expected to enhance First Citizens Bank’s liquidity position and expand its market presence, with the transaction anticipated to close in mid-2026, pending regulatory approvals.

The most recent analyst rating on (FCNCA) stock is a Hold with a $2400.00 price target. To see the full list of analyst forecasts on First Citizens BancShares stock, see the FCNCA Stock Forecast page.

First Citizens BancShares Issues $600M Subordinated Notes

On September 5, 2025, First Citizens BancShares, Inc. successfully issued and sold $600 million in 5.600% Fixed Rate Reset Subordinated Notes due 2035. This public offering was conducted under a registration statement filed with the SEC and involved several underwriters, including BofA Securities, Inc. and Morgan Stanley & Co. LLC. The issuance of these notes is part of the company’s strategic financial activities, potentially impacting its financial structure and market positioning.

The most recent analyst rating on (FCNCA) stock is a Buy with a $2268.00 price target. To see the full list of analyst forecasts on First Citizens BancShares stock, see the FCNCA Stock Forecast page.

First Citizens BancShares Q2 2025 Earnings Call Highlights

First Citizens BancShares, Inc. Class A recently held its earnings call, revealing a solid financial performance characterized by strong capital returns and strategic growth initiatives. Despite these positive indicators, the company faces challenges in loan growth and competitive pressures. The sentiment during the call was cautiously optimistic, reflecting the macroeconomic uncertainties that loom over the financial landscape.

First Citizens BancShares Reports Strong Q2 Earnings

First Citizens BancShares, Inc., a top 20 U.S. financial institution and member of the Fortune 500, provides a wide range of banking services, including commercial banking, wealth management, and direct banking, with a strong legacy of stability and long-term thinking.

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.

The most recent analyst rating on (FCNCA) stock is a Hold with a $2350.00 price target. To see the full list of analyst forecasts on First Citizens BancShares stock, see the FCNCA Stock Forecast page.