First Citizens BancShares (FCNCA) AI Stock Analysis

• Market Cap: $23.72B
• Dividend Yield: 0.42%
• Average Volume (3M): 161.28K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.14
• Revenue Growth: -2.09%
• EPS Growth: -6.84%
• Country: US
• Employees: 17,191
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 44.78
• Shares Outstanding: 11,916,011
• 10 Day Avg. Volume: 198,471
• 30 Day Avg. Volume: 161,280
• 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: 2.71
• Enterprise Value/Revenue: 4.40
• Enterprise Value/Gross Profit: 7.18
• Enterprise Value/Ebitda: 19.07
• 1Y Price Target: $2,319.44
• Price Target Upside: 25.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 72 Outperform
• Price Target: $2,121.00 ▲(14.63% Upside)

First Citizens BancShares shows solid financial performance and positive earnings call highlights, contributing to a strong overall score. However, technical analysis indicates a bearish trend, and valuation metrics suggest moderate attractiveness. The company's high leverage and recent revenue decline are notable risks.

Positive Factors

Cash Generation

Strong free cash flow growth indicates the company's ability to efficiently convert income into cash, supporting long-term financial stability and investment capacity.

Capital Management

Robust capital management and liquidity enable strategic share repurchases, enhancing shareholder value and providing flexibility for future growth initiatives.

Net Interest Income Improvement

The rebound in net interest income suggests improved core banking operations and potential for sustained earnings growth as interest rate conditions stabilize.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, especially in volatile economic conditions, potentially impacting long-term stability and growth.

Revenue Decline

Declining revenue growth can signal challenges in maintaining market share and profitability, necessitating strategic adjustments to sustain long-term business viability.

Loan Decline

A decline in loans may indicate reduced demand or competitive pressures, affecting future interest income and growth prospects in core banking operations.

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 demonstrates solid financial health with strong profitability margins and cash flow generation. However, the high leverage and recent decline in revenue growth rate are areas of concern. The company needs to focus on maintaining revenue growth while managing its debt levels to ensure 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: Negative
• Last Price: 1850.38
• 50DMA: Negative
• 100DMA: Negative
• 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 1850.38 is below the 20-day moving average (MA) of 1917.17, below the 50-day MA of 1948.04, and below the 200-day MA of 1951.83, indicating a bearish trend. The MACD of -29.52 indicates Positive momentum. The RSI at 39.82 is Neutral, neither overbought nor oversold. The STOCH value of 29.28 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
HBAN	78 Outperform	25.54B	12.90	10.08%	3.56%	6.06%	28.03%
RF	77 Outperform	23.76B	12.40	11.13%	3.81%	2.94%	20.85%
CFG	73 Outperform	23.03B	16.13	6.31%	3.15%	-3.68%	25.31%
FCNCA	72 Outperform	$23.72B	11.00	10.70%	0.42%	-2.09%	-6.84%
KB	65 Neutral	29.10B	7.66	9.70%	2.33%	-3.11%	28.74%
SHG	65 Neutral	23.25B	7.47	7.94%	2.40%	-3.83%	4.06%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

First Citizens BancShares Corporate Events

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.