First Citizens BancShares Inc

Company Profile

First Citizens BancShares Inc had its IPO on 1992-02-25 under the ticker symbol FCNCA.

The company operates in the Financial Services sector and Banks-Regional industry. First Citizens BancShares Inc has a staff strength of 10,375 employees.

Stock update

Shares of First Citizens BancShares Inc opened at $1331.02 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1331.02 - $1369.41, and closed at $1352.21.

This is a +1.91% increase from the previous day's closing price.

A total volume of 48,843 shares were traded at the close of the day’s session.

In the last one week, shares of First Citizens BancShares Inc have slipped by -1.24%.

First Citizens BancShares Inc's Key Ratios

First Citizens BancShares Inc has a market cap of $18.11 billion, indicating a price to book ratio of 1.2067 and a price to sales ratio of 3.1815.

In the last 12-months First Citizens BancShares Inc’s revenue was $3.90 billion with a gross profit of $4.00 billion and an EBITDA of $0. The EBITDA ratio measures First Citizens BancShares Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Citizens BancShares Inc’s operating margin was 24.75% while its return on assets stood at 6.4% with a return of equity of 69.46%.

In Q1, First Citizens BancShares Inc’s quarterly earnings growth was a positive 3814% while revenue growth was a negative 16.1%.

First Citizens BancShares Inc’s PE and PEG Ratio

Forward PE

7.8186

Trailing PE

1.7841

PEG

0

Its diluted EPS in the last 12-months stands at $704.36 per share while it has a forward price to earnings multiple of 7.8186 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Citizens BancShares Inc’s profitability.

First Citizens BancShares Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.1815.

First Citizens BancShares Inc stock pays annual dividends of $2.44 per share, indicating a yield of 0.24% and a payout ratio of 0.39%.

Balance sheet and cash flow metrics

Total Assets

$214.66 billion

Total Liabilities

$1.01 billion

Operating Cash Flow

$2.63 billion

Capital Expenditure

$332 million

Dividend Payout Ratio

0.39%

First Citizens BancShares Inc ended 2024 with $214.66 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $214.66 billion while shareholder equity stood at $19.22 billion.

First Citizens BancShares Inc ended 2024 with $0 in deferred long-term liabilities, $1.01 billion in other current liabilities, 15000000.00 in common stock, $14.89 billion in retained earnings and $346.00 million in goodwill. Its cash balance stood at $40.12 billion and cash and short-term investments were $1.68 billion. The company’s total short-term debt was $1,009,000,000 while long-term debt stood at $46.09 billion.

First Citizens BancShares Inc’s total current assets stands at $1.68 billion while long-term investments were $94.00 million and short-term investments were $9.06 billion. Its net receivables were $2.16 billion compared to accounts payable of $0 and inventory worth $0.

In 2024, First Citizens BancShares Inc's operating cash flow was $2.63 billion while its capital expenditure stood at $332 million.

Comparatively, First Citizens BancShares Inc paid $0.00 in dividends in 2024.

Other key metrics

Current Trading Price

$1352.21

52-Week High

$1344.6399

52-Week Low

$505.5411

Analyst Target Price

$1489

First Citizens BancShares Inc stock is currently trading at $1352.21 per share. It touched a 52-week high of $1344.6399 and a 52-week low of $1344.6399. Analysts tracking the stock have a 12-month average target price of $1489.

Its 50-day moving average was $1377.3 and 200-day moving average was $1032.46 The short ratio stood at 2.98 indicating a short percent outstanding of 0%.

Around 2160.6% of the company’s stock are held by insiders while 6858.9% are held by institutions.