(FCNCA) First Citizens BancShares - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 22.344m USD | Total Return: 8.6% in 12m
Avg Turnover: 111M
EPS Trend: -79.5%
Qual. Beats: 2
Rev. Trend: 69.0%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
First Citizens BancShares, Inc. (FCNCA) is a Raleigh-based financial holding company that operates through three primary divisions: General Bank, Commercial Bank, and Rail. The General Bank segment manages traditional retail and commercial deposits, mortgage lending, and wealth management services, including a specialized business line for homeowner associations. The Commercial Bank division focuses on capital markets, factoring, and supply chain financing, while the Rail segment maintains a diverse fleet of railcars and locomotives for lease to industrial shippers and railroads.
The company operates within the regional banking sector, where business models often rely on a mix of interest income from loans and non-interest income from specialized fee-based services. Unlike many peers, First Citizens maintains a significant presence in the transportation equipment leasing market, which provides a counter-cyclical revenue stream distinct from traditional lending. Regional banks typically face high regulatory oversight regarding capital ratios and liquidity management to ensure stability during market fluctuations.
You may find further insights into the companys valuation and performance metrics by exploring the data on ValueRay. First Citizens BancShares remains one of the largest family-controlled banks in the United States, a structure that often influences long-term strategic planning and risk management compared to widely-held public competitors.
- Integration of SVB assets drives low-cost deposit growth and loan expansion
- Net interest margin sensitivity to Federal Reserve interest rate policy shifts
- Credit quality performance within the commercial real estate and venture portfolios
- Rail segment utilization rates and lease pricing impact non-interest income
- Regulatory capital requirements influence share buyback capacity and dividend distribution
| Net Income: 2.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.46 > 1.0 |
| NWC/Revenue: -1.01k% < 20% (prev -807.4%; Δ -206.8% < -1%) |
| CFO/TA 0.01 > 3% & CFO 3.00b > Net Income 2.26b |
| Net Debt (11.7b) to EBITDA (3.47b): 3.36 < 3 |
| Current Ratio: 0.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.9m) vs 12m ago -12.16% < -2% |
| Gross Margin: 62.84% > 18% (prev 0.61%; Δ 6.22k% > 0.5%) |
| Asset Turnover: 6.22% > 50% (prev 6.43%; Δ -0.21% > 0%) |
| Interest Coverage Ratio: 0.62 > 6 (EBITDA TTM 3.47b / Interest Expense TTM 4.90b) |
| A: -0.62 (Total Current Assets 25.7b - Total Current Liabilities 172b) / Total Assets 236b |
| B: 0.09 (Retained Earnings 20.3b / Total Assets 236b) |
| C: 0.01 (EBIT TTM 3.02b / Avg Total Assets 232b) |
| D: 0.09 (Book Value of Equity 20.3b / Total Liabilities 214b) |
| Altman-Z'' = -3.61 = D |
| DSRI: 24.39 (Receivables 146b/6.11b, Revenue 14.4b/14.7b) |
| GMI: 0.97 (GM 62.84% / 61.26%) |
| AQI: 1.09 (AQ_t 0.84 / AQ_t-1 0.77) |
| SGI: 0.98 (Revenue 14.4b / 14.7b) |
| TATA: -0.00 (NI 2.26b - CFO 3.00b) / TA 236b) |
| Beneish M = 16.24 (Cap -4..+1) = D |
As of May 24, 2026, the stock is trading at USD 1989.48 with a total of 47,180 shares traded.
Over the past week, the price has changed by +3.28%,
over one month by -2.65%,
over three months by +1.42% and
over the past year by +8.63%.
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 | 2212.9 | 11.2% |
P/E Forward = 12.0337
P/S = 2.4444
P/B = 1.1181
P/EG = 1.2036
Revenue TTM = 14.4b USD
EBIT TTM = 3.02b USD
EBITDA TTM = 3.47b USD
Long Term Debt = 35.7b USD (from longTermDebt, last fiscal year)
Short Term Debt = 170.0m USD (from shortTermDebt, last quarter)
Debt = 36.3b USD (corrected: LT Debt 35.7b + ST Debt 170.0m) + Leases 401.0m
Net Debt = 11.7b USD (calculated: Debt 36.3b - CCE 24.6b)
Enterprise Value = 34.0b USD (22.3b + Debt 36.3b - CCE 24.6b)
Interest Coverage Ratio = 0.62 (Ebit TTM 3.02b / Interest Expense TTM 4.90b)
EV/FCF = 15.29x (Enterprise Value 34.0b / FCF TTM 2.22b)
FCF Yield = 6.54% (FCF TTM 2.22b / Enterprise Value 34.0b)
FCF Margin = 15.39% (FCF TTM 2.22b / Revenue TTM 14.4b)
Net Margin = 15.62% (Net Income TTM 2.26b / Revenue TTM 14.4b)
Gross Margin = 62.84% ((Revenue TTM 14.4b - Cost of Revenue TTM 5.37b) / Revenue TTM)
Gross Margin QoQ = 66.50% (prev 62.13%)
Tobins Q-Ratio = 0.14 (Enterprise Value 34.0b / Total Assets 236b)
Interest Expense / Debt = 13.50% (Interest Expense 4.90b / Debt 36.3b)
Taxrate = 24.26% (171.0m / 705.0m)
NOPAT = 2.29b (EBIT 3.02b * (1 - 24.26%))
Current Ratio = 0.15 (Total Current Assets 25.7b / Total Current Liabilities 172b)
Debt / Equity = 1.65 (Debt 36.3b / totalStockholderEquity, last quarter 22.0b)
Debt / EBITDA = 3.36 (Net Debt 11.7b / EBITDA 3.47b)
Debt / FCF = 5.24 (Net Debt 11.7b / FCF TTM 2.22b)
Total Stockholder Equity = 22.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.97% (Net Income 2.26b / Total Assets 236b)
RoE = 10.19% (Net Income TTM 2.26b / Total Stockholder Equity 22.1b)
RoCE = 5.23% (EBIT 3.02b / Capital Employed (Equity 22.1b + L.T.Debt 35.7b))
RoIC = 3.60% (NOPAT 2.29b / Invested Capital 63.6b)
WACC = 9.99% (E(22.3b)/V(58.6b) * Re(9.60%) + D(36.3b)/V(58.6b) * Rd(13.50%) * (1-Tc(0.24)))
Discount Rate = 9.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -8.44%
[DCF] Terminal Value 72.86% ; FCFF base≈1.78b ; Y1≈2.03b ; Y5≈2.99b
[DCF] Fair Price = 2.20k (EV 35.0b - Net Debt 11.7b = Equity 23.3b / Shares 10.6m; r=9.99% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -79.52 | EPS CAGR: -43.38% | SUE: 1.37 | # QB: 2
Revenue Correlation: 69.00 | Revenue CAGR: 16.43% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=39.71 | Chg30d=-7.40% | Revisions=-54% | Analysts=9
EPS next Quarter (2026-09-30): EPS=45.37 | Chg30d=-2.56% | Revisions=-23% | Analysts=9
EPS current Year (2026-12-31): EPS=175.68 | Chg30d=+0.01% | Revisions=+0% | GrowthEPS=-1.2% | GrowthRev=-1.0%
EPS next Year (2027-12-31): EPS=198.46 | Chg30d=-1.77% | Revisions=-17% | GrowthEPS=+13.0% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: -54%