First Citizens BancShares, Inc. (FCNCA) Stock

First Citizens BancShares, Inc. (FCNCA) is a Financials stock trading at $2069.28 (as of 2026-07-15), with a market capitalization of $24.68B and a trailing P/E of 10.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Citizens BancShares, Inc. is a banking holding company providing retail and commercial banking services through First-Citizens Bank & Trust Company. It offers deposit and lending products, along with treasury, card and merchant services, wealth and investment services, and trust and fiduciary services for individuals, businesses, and professionals.

Understand First Citizens BancShares, Inc.: how it makes money

First Citizens BancShares operates a community bank that takes customer deposits and makes a range of retail and commercial loans, with earnings driven by the returns on its loan portfolio versus the cost and stability of its deposit funding.

The bank’s profit engine is the relationship between its loan portfolio (what borrowers pay) and its deposit base (what the bank must pay to fund those loans), with overall results also depending on credit performance across its loan categories.

Business quality (Mixed): Clear business description and latest-quarter profitability (operating margin), but no usable official reportable segment revenue breakdown is provided here, and the only operating KPI shown is SVB segment deposits (currently 0.0).

Valuation: At 12× earnings, FCNCA trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Broad mix of deposit products and customer types: Deposit offerings include checking, savings, money market, and time deposit accounts, supporting diversified funding across individuals, businesses, and professionals.
Diversified loan portfolio across commercial and consumer: The loan portfolio spans commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and consumer loans such as residential and revolving mortgage.

Bear case

Credit risk concentrated in specific commercial lending categories: Results can be pressured if performance deteriorates in commercial construction and land development, commercial mortgage, or commercial and industrial loans.
Consumer and government-supported lending adds additional risk factors: The company also has consumer loans, including residential and revolving mortgage, and it includes small business administration paycheck protection program loans in its portfolio.
SVB segment deposits show no value in the provided KPI snapshot: The only provided operating KPI is SVB segment deposits, which is currently 0.0, so deposit-related momentum in that segment is not evident from this dataset.

Valuation — source: SEC EDGAR (first-party)
Price	$2069.28
Market Cap	$24.68B
P/E Ratio	10.9
EV / EBITDA	19.0
Price / Book	1.12
Price / Sales	2.58
FCF Yield	9.1%
DCF Value (model)	$1754.94
DCF Upside vs Price	-15.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$9.54B
Net Margin	23.1%
Revenue Growth (YoY)	0.7%
EPS Growth (YoY)	23.7%
FCF Growth (YoY)	-720.0%

Valuation vs Sector & Industry
Stock P/E	10.9
Sector P/E (Financials)	15.3
Industry P/E (Banking)	13.3
vs Sector	-28.3%
vs Industry	-18.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.89B)
Institutional Holders Tracked	10
Congressional Trades (recent)	9

Company
Sector	Financials
Industry	Banking
CEO	Frank Brown Holding Jr.
Employees	17,191
Country	US
IPO Date	1986-10-22

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.