Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Get Free Report) shot up 5.7% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $2,209.36 and last traded at $2,196.20. 67,234 shares were traded during trading, a decline of 26% from the average daily volume of 90,292 shares. The stock had previously closed at $2,077.57.
The bank reported $57.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $56.68. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%.
First Citizens BancShares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st. First Citizens BancShares’s dividend payout ratio is currently 4.83%.
Key Stories Impacting First Citizens BancShares
- Positive Sentiment: First Citizens BancShares reported second-quarter 2026 EPS of $57.09, significantly above analyst estimates, signaling stronger-than-expected profitability. First Citizens BancShares Reports Second Quarter 2026 Earnings
- Positive Sentiment: Revenue of $2.24 billion also came in ahead of expectations, reinforcing the view that underlying business performance was solid in the quarter. First Citizens BancShares (FCNCA) Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, which adds shareholder return support and may help investor sentiment. First Citizens BancShares Declares Dividends
- Neutral Sentiment: Analyst recap articles and earnings-call highlights mostly reiterate the strong quarter rather than adding new materially negative or positive catalysts. First Citizens BancShares Inc (FCNCA) Q2 2026 Earnings Call Highlights: Strong Performance Amid …
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of First Citizens BancShares from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. The Goldman Sachs Group increased their target price on shares of First Citizens BancShares from $2,100.00 to $2,340.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price target on shares of First Citizens BancShares from $2,150.00 to $2,350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Citigroup lowered First Citizens BancShares from a “neutral” rating to a “market perform” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Hold” and a consensus price target of $2,251.15.
Check Out Our Latest Report on FCNCA
Insider Activity at First Citizens BancShares
In other news, CEO Frank B. Holding, Jr. bought 5,940 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $1,726.82 per share, for a total transaction of $10,257,310.80. Following the completion of the purchase, the chief executive officer owned 38,111 shares of the company’s stock, valued at approximately $65,810,837.02. This represents a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 7,190 shares of company stock worth $12,573,868 over the last three months. Insiders own 14.63% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Hiddenite Capital Partners LP acquired a new stake in shares of First Citizens BancShares in the 4th quarter valued at about $6,868,000. Check Capital Management Inc. CA increased its position in First Citizens BancShares by 21.0% during the fourth quarter. Check Capital Management Inc. CA now owns 42,788 shares of the bank’s stock worth $91,831,000 after buying an additional 7,424 shares during the period. Barr E S & Co. increased its position in First Citizens BancShares by 33.2% during the fourth quarter. Barr E S & Co. now owns 5,995 shares of the bank’s stock worth $12,866,000 after buying an additional 1,495 shares during the period. Assenagon Asset Management S.A. lifted its stake in First Citizens BancShares by 122.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,440 shares of the bank’s stock valued at $5,237,000 after buying an additional 1,342 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in First Citizens BancShares by 181.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,438 shares of the bank’s stock valued at $3,087,000 after buying an additional 927 shares during the last quarter. Hedge funds and other institutional investors own 78.01% of the company’s stock.
First Citizens BancShares Stock Performance
The company has a market cap of $25.65 billion, a PE ratio of 12.73, a PEG ratio of 1.57 and a beta of 0.62. The stock has a 50 day simple moving average of $2,059.46 and a two-hundred day simple moving average of $2,017.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00.
First Citizens BancShares Company Profile
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.
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