First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A

First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A

FCNCA

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Market Cap$24.91B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class AFirst Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A11.70.38%11%1.81.5

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Strong profitability momentum (good): NII and NIM continued to expand - Q2’26 net income: $83.9M / $0.87 diluted EPS, up from $60.2M / $0.61 in Q1’26. - Net interest margin (NIM) expanded again for the 9th consecutive quarter: 3.48% (Q2’26) vs 3.43% (Q1’26) and 3.32% (Q2’25). - Loan yield: 5.62%, up +2 bps QoQ; deposit costs declined -3 bps QoQ (funding cost down -4 bps QoQ). - Net interest income: $202.2M, +0.7% QoQ (also benefited from an extra accrual day; offset by lower average earning assets after the April branch/deposit sale). - Surprising/important nuance: despite the loan balance decline, the *pricing/margin* picture remains improving.
But the balance sheet shrank more than expected (bad/challenge): payoffs pulling future growth forward - Loans decreased $447M QoQ (more than expected), driven by accelerated payoffs. - Payoff activity was concentrated in credits with limited relationship value, including: - Criticized loan payoffs - Secondary market activity - Divested/out-of-market markets - Management explicitly expects continued accelerated payoff pressure through the rest of 2026, creating variability in near-term loan balance growth even as “relationship growth” remains good. - Outlook implication: earning assets are expected to be lower near-term with “bottoming” dynamics tied to average earning assets in Q3.
Deposits were down, but mix improved (mixed): relationship-focused deposit strategy - Total deposits: $21.4B, down $441.7M QoQ (half+ of the impact from sale of $244M of deposits in a Nebraska branch transaction). - Noninterest-bearing balances increased YoY when adjusted for sold deposits (management highlight: improving deposit mix). - Funding cost direction remains positive: overall deposit cost improved, but the company admitted near-term deposit balance pressure, especially from higher-cost categories exiting. - Investor takeaway: the company is prioritizing core relationship and lower-cost funding, even at the expense of near-term balance growth.

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$2289.83

Target Price by Analysts

4.7% upsideFirst Citizens Bancshares (NC) Target Price DetailsTarget Price
$6408.29

Current Fair Value

193.1% upside

Undervalued by 193.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.91 Billion
Enterprise Value$55.58 Billion
Dividend Yield$8.25 (0.38%)
Earnings per Share$165.76
Beta0.61
Outstanding Shares11,535,792

Return

Return on Equity10.75%ROE
Return on Assets0.99%
Return on Invested Capital1.34%

Valuation & Multiples

P/E Ratio11.69P/E Ratio
PEG69.3PEG
Price to Sales1.75Price to Sales
Price to Book Ratio1.15Price to Book Ratio
Enterprise Value to Revenue3.85
Enterprise Value to EBIT17.46
Enterprise Value to Net Income23
Total Debt to Enterprise0.58
Debt to Equity1.47Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 24, 2026
EPS Estimate
$40.21
Average shareholder expectation
Revenue Estimate
$2.16 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$45.68
Average shareholder expectation
Revenue Estimate
$2.23 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 96.30%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.92%▼ 53.50%
Total Invested$723.87M▼ 94.50%
Investors Holding208▼ 408.00%

ESG Score

No data

About First Citizens Bancshares, Inc (NC)

6,587 employees
CEO: Frank Holding

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