First Citizens BancShares (NASDAQ:FCNCA) Sets New 12-Month High Following Earnings Beat

First Citizens BancShares, Inc. (NASDAQ:FCNCA)’s share price reached a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $2,237.82 and last traded at $2,201.3460, with a volume of 11334 shares changing hands. The stock had previously closed at $2,212.77.

The bank reported $57.09 earnings per share for the quarter, topping the consensus estimate of $0.41 by $56.68. First Citizens BancShares had a net margin of 16.28% and a return on equity of 11.98%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $2.10 per share. The ex-dividend date is Monday, August 31st. This represents a $8.40 dividend on an annualized basis and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio is currently 4.83%.

First Citizens BancShares News Roundup

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: First Citizens BancShares reported Q2 2026 earnings of $57.09 per share, far above Wall Street expectations, and revenue of $2.24 billion also beat estimates, signaling much stronger-than-expected profitability. First Citizens BancShares Reports Second Quarter 2026 Earnings
• Positive Sentiment: JPMorgan Chase raised its price target on FCNCA to $2,450 from $2,350, suggesting additional upside even though it kept a neutral rating. Benzinga
• Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, underscoring ongoing shareholder returns and financial stability. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Short-interest data showed 0 shares sold short and a 0.0-day short-interest ratio, so the update does not provide a meaningful new signal for the stock. First Citizens BancShares stock page

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of First Citizens BancShares in a research report on Friday. Weiss Ratings upgraded First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $2,300.00 price target on shares of First Citizens BancShares in a report on Thursday, July 9th. Fundamental Research set a $2,350.00 price objective on shares of First Citizens BancShares in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 target price on the stock. in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, First Citizens BancShares currently has a consensus rating of “Hold” and a consensus target price of $2,258.85.

Insider Activity

In related news, CEO Frank B. Holding, Jr. purchased 5,940 shares of First Citizens BancShares stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $1,726.82 per share, with a total value of $10,257,310.80. Following the transaction, the chief executive officer owned 38,111 shares in the company, valued at approximately $65,810,837.02. The trade was a 18.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 7,190 shares of company stock valued at $12,573,868. Company insiders own 14.63% of the company’s stock.

Hedge Funds Weigh In On First Citizens BancShares

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCNCA. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Citizens BancShares by 117,518.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205,833 shares of the bank’s stock valued at $441,755,000 after buying an additional 205,658 shares in the last quarter. Norges Bank bought a new position in shares of First Citizens BancShares during the 4th quarter worth approximately $116,565,000. River Road Asset Management LLC lifted its position in First Citizens BancShares by 574.0% during the fourth quarter. River Road Asset Management LLC now owns 55,402 shares of the bank’s stock valued at $118,903,000 after acquiring an additional 47,182 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in First Citizens BancShares by 2,057.4% during the second quarter. Orion Porfolio Solutions LLC now owns 47,506 shares of the bank’s stock valued at $92,944,000 after acquiring an additional 45,304 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in First Citizens BancShares by 13,512.7% in the fourth quarter. M&T Bank Corp now owns 38,524 shares of the bank’s stock valued at $82,679,000 after acquiring an additional 38,241 shares in the last quarter. Hedge funds and other institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Trading Down 2.4%

The company’s 50 day simple moving average is $2,064.10 and its two-hundred day simple moving average is $2,018.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.67 and a beta of 0.62.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.