FCNCA Stock - First Citizens BancShares, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $14.94B | $12.64B | $5.10B | $1.90B | $1.92B |
| Gross Profit | $9.30B | $7.58B | $3.98B | $1.88B | $1.76B |
| Gross Margin | 62.2% | 60.0% | 78.2% | 98.7% | 92.0% |
| Operating Income | $3.59B | $12.08B | $1.36B | $701.00M | $618.00M |
| Net Income | $2.78B | $11.47B | $1.10B | $547.00M | $492.00M |
| Net Margin | 18.6% | 90.7% | 21.5% | 28.8% | 25.7% |
| EPS | $189.42 | $785.18 | $67.47 | $53.88 | $47.50 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 20th 2025 | Raymond James | Upgrade | Strong Buy | $2200← $2100 |
| July 28th 2025 | Piper Sandler | Downgrade | Neutral | $2150 |
| May 21st 2025 | Jefferies | Initiation | Hold | $2050 |
| May 15th 2025 | TD Cowen | Initiation | Buy | $2400 |
| March 11th 2025 | Piper Sandler | Upgrade | Overweight | $2250 |
| January 14th 2025 | Keefe Bruyette | Upgrade | Outperform | $2500 |
| December 17th 2024 | UBS | Resumed | Buy | - |
| December 9th 2024 | Deutsche Bank | Initiation | Buy | $2600 |
| December 4th 2024 | Keefe Bruyette | Downgrade | Market Perform | $2500← $2100 |
| September 24th 2024 | Wedbush | Downgrade | Neutral | $2150← $2450 |
| July 9th 2024 | Jefferies | Initiation | Buy | $2005 |
| July 2nd 2024 | Raymond James | Upgrade | Outperform | $1900 |
| April 26th 2024 | Piper Sandler | Downgrade | Neutral | $1950← $1850 |
| April 11th 2024 | Barclays | Initiation | Equal Weight | $1850 |
| March 21st 2024 | Goldman | Initiation | Buy | $1950 |
Earnings History & Surprises
FCNCAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 23, 2026 | $44.37 | — | — | — |
Q4 2025 | Oct 23, 2025 | $41.51 | $44.62 | +7.5% | ✓ BEAT |
Q3 2025 | Jul 25, 2025 | $39.71 | $44.78 | +12.8% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $37.91 | $37.79 | -0.3% | ✗ MISS |
Q1 2025 | Jan 24, 2025 | $39.32 | $45.10 | +14.7% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $47.40 | $45.87 | -3.2% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $44.78 | $50.87 | +13.6% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $43.34 | $52.92 | +22.1% | ✓ BEAT |
Q1 2024 | Jan 26, 2024 | $48.49 | $46.58 | -3.9% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $47.94 | $55.92 | +16.6% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $45.92 | $52.60 | +14.5% | ✓ BEAT |
Q2 2023 | May 10, 2023 | $21.17 | $20.09 | -5.1% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $21.77 | $16.67 | -23.4% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $17.45 | $19.25 | +10.3% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $15.12 | $16.86 | +11.5% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $13.76 | $18.95 | +37.7% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $5.95 | $12.09 | +103.2% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $11.48 | $12.17 | +6.0% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $11.74 | $15.09 | +28.5% | ✓ BEAT |
Latest News
JP Morgan Maintains Overweight on First Citizens BancShares, Raises Price Target to $2500
📈 PositiveShares of stocks in the broader financial sector are trading higher amid overall market strength following the Fed's rate cut announcement.
📈 PositiveFirst Citizens BancShares' Unit Acquires Downtown San Francisco Building; Terms Not Disclosed
📈 PositiveTruist Securities Maintains Hold on First Citizens BancShares, Raises Price Target to $2050
➖ NeutralPark National Signs Agreement To Acquire First Citizens Bancshares, Subsidiary For $317.3M In Transaction Value
📈 PositiveCitigroup Maintains Neutral on First Citizens BancShares, Lowers Price Target to $2000
➖ NeutralKeefe, Bruyette & Woods Maintains Outperform on First Citizens BancShares, Lowers Price Target to $2050
➖ NeutralPiper Sandler Maintains Neutral on First Citizens BancShares, Lowers Price Target to $2000
➖ NeutralBarclays Maintains Equal-Weight on First Citizens BancShares, Lowers Price Target to $2190
➖ NeutralFirst Citizens BancShares Raises Dividend By 7.7% To $2.10/Share ($1.95 Prior)
📈 PositiveFirst Citizens BancShares Q3 Adj. EPS $44.62 Beats $41.97 Estimate, Sales $2.433B Beat $2.288B Estimate
📈 PositiveFirst Citizens Bank to Acquire 138 BMO Branches Across Midwest, Great Plains, and Western US, Assumes $5.7B in Deposits and $1.1B in Loans with BMO Branch Acquisition
📈 PositiveGoldman Sachs Maintains Buy on First Citizens BancShares, Lowers Price Target to $1950
➖ NeutralTruist Securities Maintains Hold on First Citizens BancShares, Lowers Price Target to $2000
➖ NeutralFrequently Asked Questions about FCNCA
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