FCNCA Stock Analysis: First Citizens BancShares | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 23.266m USD | 12M Return: 19.3% | US31946M1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 135M
EPS Trend: 15.8%
Qual. Beats: 3
Rev. Trend: 56.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First Citizens BancShares, Inc. (NASDAQ: FCNCA) is the holding company for First-Citizens Bank & Trust Company, a U.S. regional bank founded in 1898 and headquartered in Raleigh, North Carolina. The company operates through three business segments: General Bank, which offers retail and commercial banking products including deposits, mortgages, brokerage, wealth management, and community association banking; Commercial Bank, which provides leasing, capital markets, asset management, factoring, and supply chain financing; and Rail, a niche leasing business that finances railcars and locomotives for railroads and shippers across multiple car types.
As a large-cap regional bank, FCNCA combines a traditional community-banking model with specialized commercial and equipment-leasing operations, a structure that distinguishes it from peers more narrowly focused on deposit-taking and lending. The bank holding company structure, common in the U.S. financial sector, allows First Citizens to operate its banking, advisory, and rail financing businesses under a single regulated entity.
- Net interest margin compression pressures profitability as deposit costs rise
- Silicon Valley Bridge Bank integration drives balance sheet growth and credit cost scrutiny
- Rail leasing segment faces headwinds from softening shipper demand
| Net Income: 2.35b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.41 > 1.0 |
| NWC/Revenue: -1.18k% < 20% (prev -800.0%; Δ -383.4% < -1%) |
| CFO/TA 0.01 > 3% & CFO 3.18b > Net Income 2.35b |
| Net Debt (31.1b) to EBITDA (3.71b): 8.38 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.5m) vs 12m ago -12.85% < -2% |
| Gross Margin: 64.04% > 18% (prev 61.31%; Δ 2.74% > 0.5%) |
| Asset Turnover: 6.19% > 50% (prev 6.37%; Δ -0.18% > 0%) |
| Interest Coverage Ratio: 0.65 > 6 (EBIT TTM 3.16b / Interest Expense TTM 4.84b) |
| A: -0.72 (Total Current Assets 1.52b - Total Current Liabilities 172b) / Total Assets 237b |
| B: 0.09 (Retained Earnings 20.4b / Total Assets 237b) |
| C: 0.01 (EBIT TTM 3.16b / Avg Total Assets 233b) |
| D: 0.10 (Book Value of Equity 21.9b / Total Liabilities 215b) |
| Altman-Z'' = -4.25 = D |
| DSRI: 0.15 (Receivables 943.0m/6.19b, Revenue 14.4b/14.6b) |
| GMI: 0.96 (GM 61.31% / 64.04%) |
| AQI: 1.24 (AQ_t 0.94 / AQ_t-1 0.76) |
| SGI: 0.99 (Revenue 14.4b / 14.6b) |
| TATA: -0.00 (NI 2.35b - CFO 3.18b) / TA 237b) |
| Beneish M = -3.63 (Cap -4..+1) = AAA |
As of October 06, 2026, the stock is trading at USD 2091.07 with a total of 67,295 shares traded. Over the past week, the price has changed by -0.34%, over one month by -2.74%, over three months by -1.15% and over the past year by +19.33%.
Current recommended Stop Loss: 1999.20 (which is 4.4% or 1.9 ATR below the current price).
First Citizens BancShares has received a consensus analysts rating of 3.93. Therefore, it is recommended to buy FCNCA.
- StrongBuy: 4
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 2339.4 | 11.9% |
P/E Trailing = 11.0466
P/E Forward = 10.7991
P/S = 2.4932
P/B = 1.1894
P/EG = 1.1487
Revenue TTM = 14.4b USD
EBIT TTM = 3.16b USD
EBITDA TTM = 3.71b USD
Long Term Debt = 32.0b USD (from longTermDebt, last quarter)
Short Term Debt = 152.0m USD (from shortTermDebt, last quarter)
Debt = 32.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 395.0m
Net Debt = 31.1b USD (calculated: Debt 32.6b - CCE 1.52b)
Enterprise Value = 54.3b USD (23.3b + Debt 32.6b - CCE 1.52b)
Interest Coverage Ratio = 0.65 (Ebit TTM 3.16b / Interest Expense TTM 4.84b)
EV/FCF = 21.21x (Enterprise Value 54.3b / FCF TTM 2.56b)
FCF Yield = 4.71% (FCF TTM 2.56b / Enterprise Value 54.3b)
FCF Margin = 17.75% (FCF TTM 2.56b / Revenue TTM 14.4b)
Net Margin = 16.31% (Net Income TTM 2.35b / Revenue TTM 14.4b)
Gross Margin = 64.04% ((Revenue TTM 14.4b - Cost of Revenue TTM 5.19b) / Revenue TTM)
Gross Margin QoQ = 67.12% (prev 66.50%)
Tobins Q-Ratio = 0.23 (Enterprise Value 54.3b / Total Assets 237b)
Interest Expense / Debt = 14.86% (Interest Expense 4.84b / Debt 32.6b)
Taxrate = 25.46% (804.0m / 3.16b)
NOPAT = 2.35b (EBIT 3.16b * (1 - 25.46%))
Current Ratio = 0.01 (Total Current Assets 1.52b / Total Current Liabilities 172b)
Debt / Equity = 1.49 (Debt 32.6b / totalStockholderEquity, last quarter 21.9b)
Debt / EBITDA = 8.38 (Net Debt 31.1b / EBITDA 3.71b)
Debt / FCF = 12.13 (Net Debt 31.1b / FCF TTM 2.56b)
Total Stockholder Equity = 22.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.01% (Net Income 2.35b / Total Assets 237b)
RoE = 10.68% (Net Income TTM 2.35b / Total Stockholder Equity 22.0b)
RoCE = 5.85% (EBIT 3.16b / Capital Employed (Equity 22.0b + L.T.Debt 32.0b))
RoIC = 1.00% (NOPAT 2.35b / Invested Capital 236b)
WACC = 10.11% (E(23.3b)/V(55.8b) * Re(8.75%) + D(32.6b)/V(55.8b) * Rd(14.86%) * (1-Tc(0.25)))
Discount Rate = 8.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.83 | Cagr: -9.76%
[DCF] Terminal Value 72.50% ; FCFF base≈2.15b ; Y1≈2.47b ; Y5≈3.63b
[DCF] Fair Price = 1.03k (EV 41.7b - Net Debt 31.1b = Equity 10.6b / Shares 10.3m; r=10.11% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 15.85 | EPS CAGR: 1.65% | SUE: 4.0 | # QB: 3
Revenue Correlation: 56.44 | Revenue CAGR: 7.07% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-09-30): EPS=45.48 | Chg30d=+0.24% | Revisions=+25% | Analysts=10
EPS current Year (2026-12-31): EPS=192.68 | Chg30d=+0.02% | Revisions=+77% | GrowthEPS=+8.3% | GrowthRev=+0.2%
EPS next Year (2027-12-31): EPS=198.66 | Chg30d=+0.68% | Revisions=-18% | GrowthEPS=+3.1% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +37% (up=19, down=8)