First Citizens BancShares, Inc. (FCNCA) AI Stock Analysis

Headquartered in Raleigh, North Carolina, First Citizens BancShares, Inc. operates primarily through its subsidiary, First-Citizens Bank & Trust Company, which was established in 1898. The company delivers retail and commercial banking products, including checking, savings, money market, and time deposit accounts. Its lending portfolio encompasses commercial real estate, business loans, Small Business Administration loans, mortgages, and auto financing. In addition, First Citizens offers treasury management, cardholder and merchant services, wealth management, private banking, trust administration, and fiduciary services. It also provides investment products such as annuities, discount brokerage services, and mutual funds.

Between FY2020 and FY2025, First Citizens achieved a 5-year revenue CAGR of 49.9%. Revenue rose from $1.90B in FY2021 to $5.10B in FY2022, and reached $12.64B in FY2023 with an operating margin of 95.6% and net income of $11.47B. Revenue peaked at $14.94B in FY2024 before dipping 3.0% to $14.50B in FY2025, when operating margin was 20.5% and net margin was 15.2%, yielding net income of $2.21B and EPS of $178.46. Over the trailing twelve months, revenue totaled $9.33B with a net profit margin of 25.2% and EPS of $186.57. In the latest quarter ended June 30, 2026, quarterly revenue grew 8.5% and earnings grew 31.0% year-over-year.

As of June 30, 2026, First Citizens held $1.52B in cash and short-term investments against total debt of $32.19B, resulting in net debt of $30.67B and total assets of $236.84B. Shareholders' equity stood at $21.90B, yielding a debt-to-equity ratio of 1.47 and a current ratio of 9.99. In FY2025, the company generated $2.92B in operating cash flow and $2.07B in free cash flow. Capital allocation in FY2025 included $852.0M in capital expenditures, $3.03B in share buybacks, and $161.0M in dividends paid.

First Citizens trades at a trailing P/E of 11.4x, below the 12.1x median of its US-listed Financial Services peers, while its forward P/E of 10.8x matches the peer median of 10.8x. Its price-to-sales multiple is 2.6x, compared to the peer median of 3.2x, and its PEG ratio sits at 1.15. The stock carries a price-to-book ratio of 1.2x. Over the past year, FCNCA gained 30.1%, outperforming the S&P 500 return of 16.8%. Over a 5-year horizon, its return of 153.0% substantially outpaced the S&P 500 return of 83.0%.

First Citizens pays an annual forward dividend of $8.40 per share, representing a dividend yield of 0.40% and a payout ratio of 4.2%. The dividend is distributed on a quarterly frequency and has been paid for 41 consecutive years. Over the past 5 years, the annualized dividend growth rate was 36.6%. The company's last ex-dividend date was August 31, 2026.

Wall Street coverage consists of 2 Strong Buy ratings and 11 Hold ratings, with 0 Buy, 0 Sell, and 0 Strong Sell ratings. The mean price target is $2336.54, representing a 10.0% upside versus the last close of $2123.74. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $194.27 on revenue of $8.88B. The company beat EPS estimates in each of the last 4 quarters, and its next earnings date is October 23, 2026.

This page is an AI-written research summary of First Citizens BancShares, Inc. (FCNCA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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