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US regional bank, grown via decades of failed-bank FDIC acquisitions, now including the acquired Silicon Valley Bank commercial business.
US regional bank, grown via decades of failed-bank FDIC acquisitions, now including the acquired Silicon Valley Bank commercial business.
Earns mainly from the gap between loan interest and deposit costs, plus fees. The Holding family, which has run it for generations, still controls it. It merged with CIT Group in 2022, adding rail and equipment finance, and in 2023 took over Silicon Valley Bank's business from the FDIC.
Moat: narrow (scale, process know-how, customer qualification). Proven track record acquiring failed banks cheaply from the FDIC, plus a specialized tech/venture banking franchise from SVB.
Headquarters: Raleigh, North Carolina, United States · Founded: 1898 · Employees: 18,141
Size First Citizens BancShares (FCNCA) is a United States Financials company (Regional Banks) with a market value of $25.2B, the 424th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2,274 on 6 Nov 2026.
Performance Over six months the shares gained 16.5%, against +11.1% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +3.9%); the operating margin is 32.3% (peer median 41.1%).
Valuation It trades at 1.29× book value against a peer median of 1.70× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 9.3%; First Citizens BancShares delivers 11.0%, so the price asks less than the business earns today.
Credit First Citizens BancShares has 7 bonds outstanding ($3.48B), rated BBB- by the agencies.
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $14.5B | $14.5B | $14.9B | $12.7B | $5.10B |
| Revenue growth | — | -3% | +18% | +148% | — |
| Net income | $2.39B | $2.21B | $2.78B | $11.5B | $1.10B |
| Free cash flow | n/a | $1.36B | $1.45B | $1.23B | $1.86B |
| Capital expenditure | n/a | $1.56B | $1.53B | $1.43B | $926M |
| Total debt | $24.5B | $36.3B | $37.4B | $38.0B | $7.00B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| First Citizens BancShares FCNCA | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% |
| Western Alliance Bancorp WAL | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% |
| East West Bancorp EWBC | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% |
| Truist Financial TFC | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% |
| Regions Financial RF | $24.1B | +2% | +1% | 12% | 1.46× | 13.2% |
| Pinnacle Financial Partners PNFP | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FCNCA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.1% | +1.2% | highest of 21 |
| 6-month return | +16.5% | +11.1% | 9th highest of 21 |
| Return on equity | 11.0% | 14.0% | 8th lowest of 21 |
| Price / book | 1.29× | 1.70× | 9th cheapest of 21 |
| Trailing P/E | 11.7× | 12.2× | 9th cheapest of 20 |
| ROE the price implies | 9.3% | 9.1% | 11th least demanding of 21 |
| ROE delivered | 11.0% | 14.1% | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
First Citizens BancShares has 7 bonds outstanding with $3.48B face value. The agencies rate it BBB-.