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First Citizens Bancshares Inc  (FCNCA)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $1,569.0000 $34.40 2.242%
Day's High: $1582.69 Week Perf: 3.9 %
Day's Low: $ 1,525.82 30 Day Perf: 11.09 %
Volume (M): 95 52 Wk High: $ 1,582.69
Volume (M$): $ 149,369 52 Wk Avg: $1,275.32
Open: $1,538.79 52 Wk Low: $505.84



 Market Capitalization (Millions $) 22,814
 Shares Outstanding (Millions) 15
 Employees 5,734
 Revenues (TTM) (Millions $) 18,787
 Net Income (TTM) (Millions $) 11,466
 Cash Flow (TTM) (Millions $) 390
 Capital Exp. (TTM) (Millions $) 1,428

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: 0 FCNCA
   


Customers Net Income grew by FCNCA's Customers Net Profit Margin grew to

17.08 %

11.57 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ASB   -1.49%    
BANR   -1.59%    
CBSH        0.74% 
CFG   -3%    
HTH   -1.26%    
TCBI   -2.12%    
• View Complete Report
   



First Citizens Bancshares Inc

FCNCA Shines Bright: Astounding Financial Performance in Q4 2023

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

Remarkable Progress Unveiled in the July to September 30 2023 Period for 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 Skyrockets as Earnings Hike Up by 208%, Revenue Soars to $2.47 billion!



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

First Citizens Bancshares Inc Shatters Expectations, Reporting Astounding 3814.01% EPS Surge in Fiscal Year Closing March 31, 2023

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.






 

First Citizens Bancshares Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
First Citizens Bancshares Inc does not provide revenue guidance.

Earnings Outlook
First Citizens Bancshares Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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