|
|
First Citizens Bancshares Inc (NASDAQ: FCNCA) |
|
Price: $2,188.9400
$32.93 
1.527%
|
| Day's High:
| $2192.9
| Week Perf:
| 4.95 %
|
| Day's Low: |
$ 2,154.16 |
30 Day Perf: |
3.2 % |
| Volume (M): |
52 |
52 Wk High: |
$ 2,388.78 |
| Volume (M$): |
$ 112,949 |
52 Wk Avg: |
$1,825.91 |
| Open: |
$2,160.07 |
52 Wk Low: |
$1,378.91 |
|
|
| Market Capitalization (Millions $) |
31,468 |
| Shares
Outstanding (Millions) |
14 |
| Employees |
9,000 |
| Revenues (TTM) (Millions $) |
10,738 |
| Net Income (TTM) (Millions $) |
2,591 |
| Cash Flow (TTM) (Millions $) |
71 |
| Capital Exp. (TTM) (Millions $) |
1,510 |
First Citizens Bancshares Inc
First Citizens BancShares, Inc. (BancShares) was incorporated under the laws of
Delaware on August 7, 1986, to become the holding company of First-Citizens Bank
& Trust Company (FCB), its banking subsidiary. FCB opened in 1898 as the Bank
of Smithfield, Smithfield, North Carolina, and later became First-Citizens Bank
& Trust Company. BancShares has expanded through de novo branching and acquisitions
and now operates in 18 states and the District of Columbia providing a broad range
of financial services to individuals, businesses and professionals.
Throughout its history, the operations of BancShares have been significantly
influenced by descendants of Robert P. Holding, who came to control FCB during
the 1920s. Robert P. Holding’s children and grandchildren have served
as members of the Board of Directors, as chief executive officers and in other
executive management positions and, since our formation in 1986, have remained
shareholders controlling a large percentage of our common stock.
Our Chairman of the Board and Chief Executive Officer, Frank B. Holding, Jr.,
is the grandson of Robert P. Holding. Hope Holding Bryant, Vice Chairman of
BancShares, is Robert P. Holding’s granddaughter. Frank B. Holding, son
of Robert P. Holding and father of Frank B. Holding, Jr. and Hope Holding Bryant,
was Executive Vice Chairman until his retirement in 2014. Peter M. Bristow,
President and Corporate Sales Executive of BancShares, is Frank B. Holdings
son-in-law. On February 14, 2014, Frank Holding announced that he would retire
from his position as a director effective April 29, 2014, and retired from his
positions as an officer of BancShares and FCB effective September 2, 2014.
FCB seeks to meet the financial needs of both individuals and commercial entities
in its market areas. Services offered at most offices include taking of deposits,
cashing of checks and providing for individual and commercial cash needs; numerous
checking and savings plans; commercial, business and consumer lending; a full-service
trust department; wealth management services; and other activities incidental
to commercial banking. FCB’s wholly-owned subsidiaries, First Citizens
Investor Services, Inc. (FCIS), First Citizens Securities Corporation Inc. (FCSC)
and First Citizens Asset Management, Inc. (FCAM), provide various investment
products including annuities, discount brokerage services and third-party mutual
funds to customers primarily through the banks branch network, as well as investment
advisory services. FCSC merged into FCIS effective January 1, 2016.
A substantial portion of our revenue is derived from our operations throughout
North Carolina, South Carolina, and Virginia and in certain urban areas of Georgia,
Florida, California and Texas. We deliver products and services to our customers
through our extensive branch network as well as online banking, telephone banking,
mobile banking and various ATM networks. Business customers may conduct banking
transactions through the use of remote image technology.
FCBs market areas enjoy a diverse employment base, including, in various
locations, manufacturing, service industries, healthcare, agricultural, wholesale
and retail trade, technology and financial services. We believe the current
market areas will support future growth in loans, deposits and our other banking
services. We maintain a community bank approach to providing customer service,
a competitive advantage that strengthens our ability to effectively provide
financial products and services to individuals and businesses in our markets.
However, like larger banks, we have the capacity to offer most financial products
and services that our customers require.
Company Address: 4300 Six Forks Road Raleigh 27609 NC
Company Phone Number: 716-7000 Stock Exchange / Ticker: NASDAQ FCNCA
|
|
|
Customers Net Income fell by |
FCNCA's Customers Net Profit Margin fell to |
-14.19 % |
11.16 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| First Citizens Bancshares Inc
In a surprising turn of events, First Citizens Bancshares Inc experienced a sharp decline in income and revenue for the fiscal time-frame ending March 31, 2024. The company's income fell drastically by -92.46%, dropping to $49.26 per share compared to $653.64 a year prior. Additionally, the revenue plummeted by -76.332% to $2.44 billion from $10.33 billion in the corresponding reporting season a year prior. These significant decreases in income and revenue have put First Citizens Bancshares Inc in a challenging position.
Despite the challenging financial results, there was a slight silver lining for the company. Earnings per share (EPS) actually saw an increase of 43.42%, rising to $34.35 per share from the previous reporting season. This increase in EPS could potentially indicate some positive developments within the company.
|
| First Citizens Bancshares Inc
The Regional Banks company, First Citizens Bancshares Inc, has reported impressive financial results for the fiscal fourth quarter of 2023. In comparison to the corresponding period a year before, the company's results more than doubled, with earnings per share (EPS) increasing by an astounding 190.73% to $34.35 and revenue soaring by 194.097% to $3.39 billion.
These remarkable results are even more significant when considering the current situation in the Regional Banks sector. While most of the company's peers in the sector have experienced revenue contraction during the same period, First Citizens Bancshares Inc has managed to resist this trend and achieve top-line improvement.
|
| First Citizens Bancshares Inc
In the period of July to September 30, 2023, First Citizens Bancshares Inc has showcased an impressive financial growth, highlighting significant advancements in its income per share and revenue. The company's net earnings have soared, reinforcing its position in the market. Combined with its improving profit margins, these positive financial results have propelled the company's shares to perform exceptionally well and trend higher. Let's dissect these developments and put them into perspective.
Financial Highlights:
Comparing the July to September 30, 2023, time-frame with the same period the previous year, First Citizens Bancshares Inc has reported striking improvements in various key metrics. Income per share surged by an incredible 163.22% to reach $50.67, while revenue soared by an impressive 123.031%, totaling $2.61 billion.
|
| First Citizens Bancshares Inc
First Citizens Bancshares Inc, a prominent financial institution, has recently released its financial results for the most recent fiscal period, which demonstrate significant improvements in several key areas. This article aims to interpret the results and speculate on how they might impact the company's future prospects.
1. Earnings and Revenue Surge:
First and foremost, the company's earnings per share (EPS) surged by an impressive 208.68% to $45.87, indicating a substantial increase in profitability compared to the corresponding reporting period a year ago. Moreover, revenue soared by a remarkable 128.096% to $2.47 billion, reflecting robust business growth.
|
| First Citizens Bancshares Inc
Regional Banks company, First Citizens Bancshares Inc, has had a remarkable year, reflecting its well-executed strategy amidst pandemic-led uncertainty and market volatility. Its recent fiscal performance confirms its ability to adapt, innovate, and deliver outstanding results. In the most recent fiscal reporting season, First Citizens Bancshares' net profit per share skyrocketed by over 3800%, reaching $653.64, compared to the preceding fiscal period, where earnings per share were $11.81. Revenue also saw an impressive jump, surging by nearly 900% to $10.33 billion, showing the banks' unwavering momentum.
Moreover, one of the key highlights of the bank's financial results was the robust increase in its net income, rising to $9,518.000 million in the fiscal period ending March 31, 2023, compared to $271.000 million recorded a year ago. This shows the bank's ability to maximize its profits while also accounting for macroeconomic factors that could impact its performance.
|
| Per Share |
Current |
| Earnings (TTM) |
174.57 $ |
| Revenues (TTM) |
746.94 $
|
| Cash Flow (TTM) |
4.94 $ |
| Cash |
59.96 $
|
| Book Value |
1587.93 $
|
| Dividend (TTM) |
6.48 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
174.57 $
|
| Revenues (TTM) |
746.94 $ |
| Cash Flow (TTM) |
4.94 $ |
| Cash |
59.96 $
|
| Book Value |
1587.93 $ |
| Dividend (TTM) |
6.48 $ |
|
|
|
|
9.43%