First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
FCNCA
Market Cap$28.54B
Close$
Earnings Call Q2 2024
July 25, 2024 - AI Summary
First Citizens Bancshares reported solid financial results for the second quarter, with peer-leading return on assets, net interest margin, adjusted efficiency ratio, loan growth, CET 1 ratio, and loan portfolio yield.
The board has approved a share repurchase plan of up to $3.5 billion, indicating the company's intention to return capital to shareholders and manage its excess capital position.
Loan growth remained resilient in the business and commercial loans segment within the branch network, as well as in SBA, SVB private, and wealth channels.
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$1628.98
11.1% downside
Current Fair Value
11.1% downsideOvervalued by 11.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $28.54 Billion |
|---|---|
| Enterprise Value | $67.94 Billion |
| Dividend Yield | $5.6556 (0.28%) |
| Earnings per Share | $180.14 |
| Beta | 0.62 |
| Outstanding Shares | 13,524,550 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 10.59 |
|---|---|
| PEG | 288.94 |
| Price to Sales | 1.8 |
| Price to Book Ratio | 1.1 |
| Enterprise Value to Revenue | 4.94 |
| Enterprise Value to EBIT | 66.22 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.57 |
| Debt to Equity | 1.72 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About First Citizens Bancshares, Inc (NC)
6,587 employees
CEO: Frank Holding