First Citizens BancShares
Combines relationship banking, national commercial finance, innovation banking and rail leasing.
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Profile
Serves consumers and businesses through General Bank, Commercial Bank and Rail, spanning relationship banking, national lending, innovation-economy finance and railcar leasing. Growth through CIT and Silicon Valley Bank created a coast-to-coast franchise whose scale depends on integration, liquidity, capital and risk controls under Holding-family voting control.
Provides consumer and business banking through General Bank, national commercial lending and specialized innovation-economy services through Commercial Bank, and railcar leasing through Rail. The franchise operates across the United States, combining branches with direct-bank funding and sector-focused client relationships.
Built from a North Carolina bank founded in 1898, the business expanded through interstate acquisitions, FDIC-assisted transactions, the CIT merger, and the Silicon Valley Bridge Bank acquisition. That history links current scale to an operating model centered on relationship banking, acquisition integration, and long-term continuity.
Rapid expansion has increased dependence on enterprise risk controls, capital, liquidity, systems integration, and supervisory readiness. A dual-class share structure gives the Holding family and related entities majority voting power, while the pending BMO branch purchase remains subject to approval and conversion work.
Company facts
Categories
Key statistics
Year to date +1.6% · Average volume (30d) 60.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Truist Financial | Target | $2,150 | $2,323 | ||
| Jul 27, 2026 | Barclays | Reiterate | Equal Weight | $2,346 | $2,376 | |
| Jul 23, 2026 | Jefferies | Reiterate | Hold | $2,300 | ||
| Jul 9, 2026 | Citigroup | Downgrade | Neutral | Market Perform | ||
| Jul 9, 2026 | Keefe, Bruyette & Woods | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.41 | $0.57 | +40.3% | $2.16B | $2.24B | +3.6% | −2.36% |
| Apr 23, 2026Q1 FY26 | $39.02 | $44.86 | +15.0% | $2.17B | $2.24B | +3.2% | −2.25% |
| Jan 23, 2026Q4 FY25 | $0.44 | $0.51 | +16.5% | $2.21B | $2.38B | +7.9% | −0.09% |
| Oct 23, 2025Q3 FY25 | $41.87 | $44.62 | +6.6% | $2.22B | $2.43B | +9.6% | +1.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.53B | $3.62B | $3.69B | $3.66B | $3.48B | $3.60B | |
| Gross profit | $2.14B | $2.26B | $2.24B | $2.27B | $2.31B | $2.42B | |
| Operating income | $651.0M | $758.0M | $751.0M | $811.0M | $705.0M | $891.0M | |
| Net income | $483.0M | $575.0M | $568.0M | $580.0M | $534.0M | $672.0M | |
| Diluted EPS | $34.47 | $42.36 | $43.12 | $45.81 | $42.63 | $55.48 | |
| Gross margin | 60.7% | 62.3% | 60.6% | 62.1% | 66.5% | 67.1% | |
| Operating margin | 18.5% | 20.9% | 20.3% | 22.2% | 20.3% | 24.7% |
Fiscal years (4-quarter sums)FY21 $1.90B · FY22 $4.99B · FY23 $12.49B · FY24 $14.88B · FY25 $14.50B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.52B · Total debt $32.19B · Total assets $236.84B · Shareholders' equity $21.90B
Dividends
Raised for 38 straight years — most recently to $2.10 from $1.95 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 15 | $2.10 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $2.10 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $2.10 | raised from $1.95 |
| Aug 29, 2025 | Aug 29 | Sep 15 | $1.95 | |
| May 30, 2025 | May 30 | Jun 16 | $1.95 | |
| Feb 28, 2025 | Feb 28 | Mar 17 | $1.95 | |
| Nov 29, 2024 | Nov 29 | Dec 16 | $1.95 | raised from $1.64 |
| Aug 30, 2024 | Aug 30 | Sep 16 | $1.64 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 11.39M · Float 8.24M · 72.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Harris Associates L P | 919.3K | 8.07% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 859.1K | 7.54% | 13F | Aug 7, 2026 |
| Dodge & Cox | 404.2K | 3.55% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 358.6K | 3.15% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 312.3K | 2.74% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Diane E. Morais | director | +50 | $2,168.11 |
| Jun 4, 2026 | Ellen R. Alemany | director | −2,520 | $2,047.12 |
| Jun 4, 2026 | Holding Frank B Jr | director, 10 percent owner, officer: Chairman and CEO | +250 | $1,756.26 |
| Jun 5, 2026 | Holding Frank B Jr | director, 10 percent owner, officer: Chairman and CEO | +1,000 | $1,877.49 |
| May 12, 2026 | Holding Frank B Jr | director, 10 percent owner, officer: Chairman and CEO | +5,940 | $1,726.82 |
Peers
- Truist Financial
Southeastern rival across retail, commercial, and wealth banking
- PNC Financial Services Group
National overlap in retail, business, and institutional banking
- JPMorgan Chase
Scaled challenger in commercial and innovation-economy banking
- Western Alliance
Specialist rival in innovation, fund, and technology banking
- GATX
Direct specialist rival in North American railcar leasing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Citizens BancShares | $2,194.07 | +0.07% | $24.99B | 11.7 | 11.7 | 1.7 | −5.5% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| PNC Financial Services Group | $256.30 | +5.78% | $96.65B | 13.3 | 11.9 | 2.7 | +21.4% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Western Alliance | $78.53 | −0.03% | $8.57B | 8.8 | 7.5 | 1.7 | +17.7% |
| GATX | $177.60 | +0.06% | $6.31B | 17.5 | 17.2 | 3.1 | +34.8% |
| Median | 13.3 | 11.9 | 2.7 | +21.4% |