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First Citizens BancShares, Inc. Class B
(OTC:FCNCB)
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Rating:65Neutral
Price Target:
$1,838.00
Action:N/A
Date:09/24/26
FCNCB scores 65, driven primarily by solid financial fundamentals (healthy profitability and strong recent cash generation) and a constructive earnings-call outlook with maintained/raised guidance and meaningful capital actions. These positives are tempered by weak technical momentum (price below key moving averages with negative MACD) and some fundamental risks including contracting revenue, elevated (though improving) leverage, and ongoing funding-cost/credit pressure highlighted on the call.
Positive Factors
Strong cash generation
Robust operating and free cash flow indicates that reported earnings are converting into substantial liquidity. This supports FDIC note repayments, organic investment, client growth initiatives and capital returns, while improving the company’s ability to absorb normal banking-cycle volatility.
Negative Factors
Contracting revenue
The revenue decline and uneven historical performance indicate that earnings growth is not yet consistently broad-based. Even with healthy current margins, a volatile top line can limit operating leverage, complicate planning and make future profitability more sensitive to banking-cycle conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Robust operating and free cash flow indicates that reported earnings are converting into substantial liquidity. This supports FDIC note repayments, organic investment, client growth initiatives and capital returns, while improving the company’s ability to absorb normal banking-cycle volatility.
Read all positive factors
First Citizens BancShares, Inc. Class B (FCNCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.04B
Dividend Yield0.49%
Average Volume (3M)32.00
Price to Earnings (P/E)11.1
Beta (1Y)0.79
Revenue Growth-1.38%
EPS Growth10.35%
CountryUS
Employees18,141
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)187.04
Shares Outstanding1,005,185
10 Day Avg. Volume43
30 Day Avg. Volume32
Financial Highlights & Ratios
PEG Ratio-1.04
Price to Book (P/B)1.19
Price to Sales (P/S)1.83
P/FCF Ratio12.81
Enterprise Value/Market Cap2.36
Enterprise Value/Revenue3.77
Enterprise Value/Gross Profit5.88
Enterprise Value/Ebitda15.63
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)194.74
Revenue Forecast (FY)$8.87B
First Citizens BancShares, Inc. Class B Business Overview & Revenue Model
Company Description
First Citizens BancShares, Inc. functions as the parent organization for First-Citizens Bank & Trust Company, offering a wide array of retail and commercial banking services to individuals, businesses, and professional clients. Its range of deposi...
How the Company Makes Money
First Citizens BancShares makes money primarily through its banking subsidiary by earning net interest income and generating noninterest income. (1) Net interest income: The company collects interest and fees on loans and other interest-earning as...
First Citizens BancShares, Inc. Class B Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Positive
The call was strongly positive overall. Management reported adjusted earnings growth of over 20% sequentially, loan and deposit growth, improved credit performance, strong fee momentum, substantial capital returns and significant FDIC note paydown. The main challenges were intense deposit competition, funding-cost pressure, loan-pricing compression, targeted credit losses and a moderating share-repurchase pace, but management maintained favorable guidance and described the broader credit and operating outlook as resilient.Positive Updates
Strong Capital Position
The CET1 ratio was 10.77% at quarter end, comfortably above regulatory requirements. Management said the capital position provides optionality to support client needs, fund strategic growth initiatives and deliver consistent long-term results.
Negative Updates
Intense Deposit-Funding Competition
Management said competition for deposits is very fierce and is putting significant pressure on funding costs, with some banks offering deposits that are really unprofitable. Direct Bank rates were also affected by competition, with marginal cost in that channel north of 4%.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Capital Position
The CET1 ratio was 10.77% at quarter end, comfortably above regulatory requirements. Management said the capital position provides optionality to support client needs, fund strategic growth initiatives and deliver consistent long-term results.
Read all positive updates
Company Guidance
For 2026, First Citizens projects third quarter loan balances in the range of $152 billion to $155 billion and reiterates full year guidance of $153 billion to $157 billion; third quarter deposits between $179 billion and $182 billion, including approximately $5.3 billion from the BMO branch acquisition; FDIC purchase money note prepayments totaling between $6 billion to $8 billion in the third quarter and a steady paydown pace of $500 million to $1 billion per month; third quarter net interest income of $1.63 billion to $1.71 billion and full year net interest income of $6.6 billion to $6.75 billion, based on 0 to 1, 25 basis point rate hike; third quarter net charge-offs in the 30 to 40 basis points range and full year net charge-offs of 30 to 35 basis points; third quarter noninterest income between $520 million and $560 million and full year noninterest income of $2.14 billion to $2.22 billion; third quarter expenses of $1.33 billion to $1.37 billion and full year expenses of $5.34 billion to $5.41 billion; an adjusted efficiency ratio in the low 60% range in 2026, with a mid-50s target range over time; third quarter share repurchases of approximately $600 million and fourth quarter repurchases of $300 million; and a tax rate for both the second quarter and full year '26 in the range of 24.5% to 25.5%, exclusive of any discrete items.First Citizens BancShares, Inc. Class B Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
61
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.43B | 14.50B | 14.94B | 12.64B | 5.10B | 1.90B |
| Gross Profit | 9.24B | 8.91B | 9.30B | 7.58B | 3.98B | 1.88B |
| EBITDA | 3.48B | 3.40B | 3.72B | 12.02B | 1.90B | 844.00M |
| Net Income | 2.35B | 2.21B | 2.78B | 11.47B | 1.10B | 547.00M |
Balance Sheet | ||||||
| Total Assets | 236.84B | 229.70B | 223.72B | 213.76B | 109.30B | 58.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 20.83B | 56.09B | 54.45B | 14.54B | 18.66B |
| Total Debt | 32.19B | 36.01B | 37.41B | 38.05B | 7.00B | 1.78B |
| Total Liabilities | 214.94B | 207.46B | 201.49B | 192.50B | 99.64B | 53.57B |
| Stockholders Equity | 21.90B | 22.24B | 22.23B | 21.25B | 9.66B | 4.74B |
Cash Flow | ||||||
| Free Cash Flow | 2.56B | 2.07B | 1.45B | 1.23B | 1.86B | -391.00M |
| Operating Cash Flow | 3.18B | 2.92B | 2.99B | 2.66B | 2.79B | -284.00M |
| Investing Cash Flow | -7.46B | -5.61B | -10.15B | 2.43B | 75.00M | -7.57B |
| Financing Cash Flow | 4.91B | 2.67B | 7.07B | -4.70B | -2.69B | 7.83B |
First Citizens BancShares, Inc. Class B Technical Analysis
Negative
―
Price Trends
1797.10
Negative
1784.34
Negative
1732.46
Negative
Market Momentum
-26.73
Positive
39.77
Neutral
21.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCNCB, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 1743.10, equal to the 50-day MA of 1797.10, and equal to the 200-day MA of 1732.46, indicating a bearish trend. The MACD of -26.73 indicates Positive momentum. The RSI at 39.77 is Neutral, neither overbought nor oversold. The STOCH value of 21.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FCNCB.
First Citizens BancShares, Inc. Class B Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $27.09B | 13.86 | 8.14% | 2.86% | 1.24% | 40.55% | |
72 Outperform | $31.65B | 11.56 | 10.66% | 2.74% | 0.31% | 22.76% | |
71 Outperform | $23.09B | 10.93 | 11.79% | 4.04% | 0.26% | 14.72% | |
68 Neutral | $30.97B | 11.27 | 8.58% | 4.04% | 18.13% | -3.57% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $23.04B | 11.09 | 10.68% | 0.49% | -1.38% | 10.35% | |
63 Neutral | $21.43B | 11.61 | 10.12% | 4.08% | 18.47% | ― |
* Financial Sector Average
FCNCB
First Citizens BancShares, Inc. Class B
1,700.00
108.04
6.79%
HBAN
Huntington Bancshares
15.29
-0.80
-4.98%
KEY
KeyCorp
20.18
2.37
13.33%
MTB
M&T Bank
218.26
33.55
18.17%
RF
Regions Financial
27.07
2.22
8.91%
CFG
Citizens Financial
64.31
11.89
22.68%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.