First Citizens BancSharesFCNCA
FCNCA
About: First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.
Employees: 16,021
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
32% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 56
14% more call options, than puts
Call options by funds: $227M | Put options by funds: $200M
2% more funds holding
Funds holding: 564 [Q2] → 574 (+10) [Q3]
4% more capital invested
Capital invested by funds: $15.7B [Q2] → $16.3B (+$574M) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 205
3.08% less ownership
Funds ownership: 68.86% [Q2] → 65.78% (-3.08%) [Q3]
23% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 17 (-5) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2,250
4%
upside
Avg. target
$2,541
18%
upside
High target
$2,700
25%
upside
8 analyst ratings
5 positive
63%
3 neutral
38%
0 negative
0%
Truist Securities Brian Foran 100% 1-year accuracy 11 / 11 met price target | 11%upside $2,384 | Hold Maintained | 29 Jan 2025 |
Barclays Jason Goldberg 77% 1-year accuracy 43 / 56 met price target | 19%upside $2,568 | Equal-Weight Maintained | 27 Jan 2025 |
Piper Sandler Stephen Scouten 91% 1-year accuracy 20 / 22 met price target | 4%upside $2,250 | Neutral Maintained | 27 Jan 2025 |
Keefe, Bruyette & Woods Christopher Mcgratty 83% 1-year accuracy 15 / 18 met price target | 21%upside $2,600 | Outperform Maintained | 27 Jan 2025 |
JP Morgan Anthony Elian 59% 1-year accuracy 10 / 17 met price target | 21%upside $2,600 | Overweight Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 14 articles about FCNCA published over the past 30 days
Neutral
PRNewsWire
2 hours ago
First Citizens Bank and Sixth Street Announce Launch of Sixty-First Commercial Finance to Provide Flexible Capital Equipment Financing Solutions to Middle Market Companies
NEW YORK , Feb. 5, 2025 /PRNewswire/ -- First Citizens Bank and Sixth Street, a leading global investment firm, today announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle market companies. A joint venture between Sixth Street's Asset Based Finance platform and First Citizens Bank, Sixty-First Commercial Finance will leverage the well-established capabilities and expertise of both institutions to provide mid- and large-ticket capital equipment financings ranging from $5 million to $100 million, with diverse coverage across equipment asset types and industries.
Neutral
Accesswire
2 days ago
XS Financial Closes Upsized $100 Million Needham Bank-Led Credit Facility with Participation from First Citizens Bank
LOS ANGELES, CA / ACCESS Newswire / February 3, 2025 / XS Financial Inc. ("XS Financial" "XS" or the "Company"), an established equipment finance company serving middle-market storied credits, today announced that it has amended and upsized its current $70 million line of credit with Needham Bank ("Credit Facility") to $100 million, with First Citizens Bank participating for $20 million. XS Financial intends to use loan proceeds to fund additional CAPEX and equipment leases with new and existing customers.
Neutral
Seeking Alpha
1 week ago
First Citizens BancShares, Inc. (FCNCA) Q4 2024 Earnings Call Transcript
First Citizens BancShares, Inc. (NASDAQ:FCNCA ) Q4 2024 Earnings Conference Call January 24, 2025 9:00 AM ET Company Participants Deanna Hart - Head of IR Frank Holding - Chairman and CEO Craig Nix - CFO Tom Eklund - Treasurer Marc Cadieux - President, Silicon Valley Bank Andrew Giangrave - EVP, Chief Credit Officer Conference Call Participants Bernard von-Gizycki - Deutsche Bank Anthony Elian - JPMorgan Chris McGratty - KBW Christopher Marinac - Janney Montgomery Scott Nicholas Holowko - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens BancShares Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions].
Neutral
Zacks Investment Research
1 week ago
First Citizens (FCNCA) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for First Citizens (FCNCA) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 week ago
First Citizens BancShares (FCNCA) Surpasses Q4 Earnings and Revenue Estimates
First Citizens BancShares (FCNCA) came out with quarterly earnings of $45.10 per share, beating the Zacks Consensus Estimate of $39.46 per share. This compares to earnings of $46.58 per share a year ago.
Neutral
PRNewsWire
1 week ago
First Citizens BancShares Reports Fourth Quarter 2024 Earnings
RALEIGH, N.C. , Jan. 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the fourth quarter of 2024.
Neutral
PRNewsWire
1 week ago
First Citizens BancShares Declares Dividends
RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 17, 2025, to holders of record as of Feb. 28, 2025: A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.
Neutral
PRNewsWire
1 week ago
First Citizens Bank Commits $2 Million to Support Relief Efforts for Southern California Wildfires
RALEIGH, N.C. , Jan. 23, 2025 /PRNewswire/ -- First Citizens Bank announced today that it has committed $2 million in donations and financial support to aid in critical humanitarian and small business relief efforts for those impacted by the Southern California wildfires.
Neutral
PRNewsWire
1 week ago
Silicon Valley Bank Releases 24th Annual State of the US Wine Industry Report
Wine industry reset is here, fueled by a generational shift to younger consumers redefining consumption patterns NAPA, Calif. , Jan. 23, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today released its 2025 State of the US Wine Industry Report.
Neutral
Business Wire
1 week ago
NineDot Energy Announces $65 Million Equipment Financing
NEW YORK--(BUSINESS WIRE)-- #batterystorage--NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, today announced the closing of a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy finance. This financing supports the purchase of nearly 100 Megawatts (MW) / 400 Megawatt hours (MWh) of batteries for use in up to 20 battery storage projects across the New York City metro area. “NineDot has.
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