First Citizens BancShares, Inc. (FCNCA) Stock

About First Citizens BancShares, Inc.

First Citizens BancShares, Inc. (FCNCA) functions as the parent company for First-Citizens Bank & Trust Company, offering a comprehensive suite of retail and commercial banking services to individuals, businesses, and professionals. Its deposit offerings encompass various account types, including checking, savings, money market, and certificates of deposit (time deposit accounts). The company's loan portfolio is extensive, featuring commercial credits for construction and land development, commercial mortgages, commercial and industrial (C&I) financing, and lease financing. It also provided Small Business Administration (SBA) Paycheck Protection Program (PPP) loans. For consumers, loan options span residential and revolving mortgages, construction and land development loans, auto financing, and various other personal lending products. Beyond core banking, First Citizens provides treasury management solutions, cardholder and merchant services, and comprehensive wealth management offerings. Its investment product suite encompasses annuities, discount brokerage, and access to third-party mutual funds, complemented by investment management and advisory services. Specialized services further extend to defined benefit and defined contribution plans, insurance, private banking, trust and fiduciary services, philanthropic advisement, and special asset management. Customers can access these diverse products and services through a robust branch network, alongside modern digital banking platforms, telephone banking, and extensive ATM networks. As of December 31, 2021, First Citizens maintained a physical presence with 529 branches spread across 19 states: Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. Founded in 1898, the company's corporate headquarters are situated in Raleigh, North Carolina.

First Citizens BancShares, Inc. is led by CEO Frank Brown Holding Jr., employs 17,191 people, headquartered in Raleigh, US, publicly traded since 1986.

First Citizens BancShares, Inc. (FCNCA) stock trades at $2137.36 with a market capitalization of $24.35B. The stock is valued at a price-to-earnings (P/E) ratio of 11.06, price-to-book of 1.11, price-to-sales of 1.55. Over the past 52 weeks the stock has ranged between $1623.76 and $2232.21, and currently trades 4.2% below its 52-week high. It pays a dividend yielding 0.42%.

On profitability, First Citizens BancShares, Inc. generates a return on equity (ROE) of 10.18%, return on capital employed of 13.36%, an operating margin of 20.93%, a net profit margin of 15.62%.

In its most recent fiscal year, First Citizens BancShares, Inc. reported annual revenue of $14.5B, net profit of $2.2B, revenue has compounded at 49.9% a year over the last five years, profit at 35.0% a year.

The balance sheet shows a debt-to-equity ratio of 1.54, a current ratio of 1.03, total assets of $229.7B, $20.6B in cash and equivalents.

FCNCA has an average daily trading volume of 79,216 shares, a beta of 0.62 (less volatile than the overall market).

Official website: www.firstcitizens.com