First Citizens BancSharesFCNCA
FCNCA
About: First Citizens BancShares Inc is the bank holding company of First Citizens Bank and Trust Company. The company's segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. The General Bank segment delivers products and services to consumers and businesses through our extensive network of branches and various digital channels. The Commercial Bank segment provides financial services, including lending, leasing, and advisory, to small and mid-market businesses across various industries. The SVB Commercial provides financial services to innovators, investors, and venture firms. The Rail segment provides tailored leasing and financing for railcars and locomotives across North America. It generates the majority of its revenue from the General Banking segment.
Employees: 17,475
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
69% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 51
18% more funds holding in top 10
Funds holding in top 10: 17 [Q3] → 20 (+3) [Q4]
10% more capital invested
Capital invested by funds: $16.2B [Q3] → $17.8B (+$1.55B) [Q4]
4% more funds holding
Funds holding: 577 [Q3] → 600 (+23) [Q4]
0.85% less ownership
Funds ownership: 65.72% [Q3] → 64.88% (-0.85%) [Q4]
20% less call options, than puts
Call options by funds: $177M | Put options by funds: $220M
21% less repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 221
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2,250
30%
upside
Avg. target
$2,517
46%
upside
High target
$2,700
56%
upside
6 analyst ratings
4 positive
67%
2 neutral
33%
0 negative
0%
Piper Sandler Stephen Scouten 58% 1-year accuracy 15 / 26 met price target | 30%upside $2,250 | Overweight Upgraded | 11 Mar 2025 |
Truist Securities Brian Foran 0% 1-year accuracy 0 / 11 met price target | 38%upside $2,384 | Hold Maintained | 29 Jan 2025 |
Barclays Jason Goldberg 48% 1-year accuracy 27 / 56 met price target | 49%upside $2,568 | Equal-Weight Maintained | 27 Jan 2025 |
Keefe, Bruyette & Woods Christopher Mcgratty 44% 1-year accuracy 8 / 18 met price target | 51%upside $2,600 | Outperform Maintained | 27 Jan 2025 |
JP Morgan Anthony Elian 35% 1-year accuracy 6 / 17 met price target | 51%upside $2,600 | Overweight Maintained | 7 Jan 2025 |
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Silicon Valley Bank and Pinegrove Venture Partners Announce Lending Relationship
Relationship will extend availability of venture debt to technology and life science companies nationwide SAN FRANCISCO , March 12, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, announced today it has entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years.
Positive
PYMNTS
1 month ago
First Citizens Bank and Sixth Street Partner on Equipment Financing
First Citizens Bank and global investment firm Sixth Street have launched a new platform designed to provide flexible capital equipment financing solutions to middle market companies. Dubbed Sixty-First Commercial Finance, the platform is a joint venture between Sixth Street's Asset Based Finance platform and First Citizens Bank, the companies said in a Wednesday (Feb.
Neutral
PRNewsWire
1 month 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
1 month 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 month 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 month 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 month 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 month 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 month 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 month 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.
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