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Last updated1 minute ago

FCNCA·First Citizens BancShares, Inc.

$2110.98
-10.29 (-0.49%)
Market Closed (Overnight)$2111.00+0.02 (+0.00%)
High
$2,129.97
Open
$2,118.56
Market Cap
23.49B
52W High
$2,298.01
Low
$2,091.98
P. Close
$2,110.98
P/E
9.98
52W Low
$1,623.76
Fwd P/E
10.69
DailyIQ Est.
$2351.83
Inst. Ownership
0.1%
Short Interest
4.03%
Days to Cover
8.4
Technical Score (1D)
41
SELL
News Sentiment
79
BULLISH
First Citizens BancShares’ 36‑hour‑old $300 million preferred depositary‑share issuance injects fresh capital that the bank will deploy to expand lending and investment activities, tightening its balance‑sheet flexibility in a competitive regional‑banking landscape. The capital lift is expected to support higher loan growth and fee income over the next 1–10 trading days, while also giving the bank more room to absorb potential credit‑quality pressure. Traders should monitor the bank’s subsequent capital‑deployment announcements and any changes to its cost‑of‑funds profile. A day earlier, Broyhill Asset Management’s Q2 2026 investor letter named FCNCA as a top holding, emphasizing its conservative risk profile and suggesting the stock may be undervalued relative to peers. This endorsement signals a bullish sentiment that could buoy the share price in the short term, but the letter offers no new earnings guidance, so investors should watch the upcoming Q3 earnings release for any shift in growth expectations. The 164‑hour‑old acquisition of 138 BMO Bank N.A. branches is poised to add roughly $5.3 billion of deposits and $700 million of loans, potentially generating $4.6 billion of net liquidity. The deal expands FCNCA’s geographic footprint to over 600 branches across the Midwest, Great Plains and West, positioning the bank for cross‑sell opportunities and higher market share. The key watch item is the actual transfer of balances and the bank’s ability to retain the new deposits, which will influence its funding cost and net interest margin in the coming weeks. Earlier Q2 results, reported 1062 hours ago, showed revenue and EPS beating estimates, driven by disciplined capital deployment and lower deposit costs. This performance underscores the bank’s focus on net‑interest‑margin expansion and a 2026 transition strategy, setting a positive backdrop for the preferred‑share capital infusion. In sum, the preferred‑share offering, Broyhill’s bullish note, and the BMO branch acquisition together create a near‑term catalyst for FCNCA’s earnings and balance‑sheet strength. Traders should watch the bank’s capital‑deployment plans, the actual balance‑sheet impact of the branch deal, and the Q3 earnings guidance for confirmation of growth assumptions.
Earnings Summary
First Citizens BancShares, Inc. operates as a regional bank offering a broad suite of retail, commercial, and specialized financing services, including railcar leasing, through both physical branches and digital platforms, positioning it within the U.S. regional banking sector. In Q1 2025 the bank reported EPS of $37.79 versus an estimate of $37.69, with revenue of $2.139 billion; in Q1 2026 EPS rose to $44.86 against an estimate of $40.59 and revenue of $2.141 billion, while Q2 2026 EPS surged to $57.09 against an estimate of $40.16 and revenue of $2.242 billion, indicating accelerating earnings growth and a consistent pattern of beating analyst expectations in the last three quarters. Historically, the bank has shown a steady YoY revenue increase, with EPS growth outpacing revenue in recent periods, and has consistently surpassed earnings estimates, underscoring a resilient profitability profile even as revenue growth moderates. Recent news highlights a $300 million issuance of non‑convertible preferred depositary shares that bolstered the bank’s capital base, and a $138‑branch acquisition adding $5.3 billion in deposits and $700 million in loans, both expected to lower funding costs and support net interest margin expansion; these developments are likely to reinforce the bank’s growth narrative and provide additional capital for lending. Investors should watch for the next earnings release to assess whether the capital raise and branch acquisition translate into higher net interest income and loan growth, and monitor any changes in credit quality metrics or loan loss provisions that could impact the bank’s risk profile.

EPS

EstBeatMiss
$34.78$41.09$47.39$53.70$60.00Q1'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$45.47 - -
Q2'26$40.16$57.09+42.2%
Q1'26$40.59$44.86+10.5%
Q1'25$37.69$37.79+0.3%

Revenue

EstBeatMiss
$2.1B$2.2B$2.3B$2.3B$2.4BQ1'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$2.4B - -
Q2'26$2.3B$2.2B-2.6%
Q1'26$2.3B$2.1B-7.9%
Q1'25 - $2.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

FCNCA Stock Snapshot

HOLD41/100
$2111.00+$0.02 (0.0%)
Market cap
23.49B
P/E ratio
10.0
Day range
$2091.98 – $2129.97
News sentiment
79/100 · Bullish
Analyst target
$2335.54 (+10.6%)
Consensus
Hold · 23 analysts
52-week range+30.0% off low · -8.1% from high
$1623.76$2298.01
Price $2111.00 DailyIQ Est. $2351.83

First Citizens BancShares, Inc. is consolidating: price is in the upper part of its 52-week range without a decisive push either way. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.

Behaviour On Record

What FCNCA's own history says about today's numbers

Realized volatility (21d)
20.6% 29th pct
Below its peak
-10.3%
vs 200-day average
+2.7%
Up days (1y)
52%

First Citizens BancShares, Inc. is currently running 20.6% annualised volatility over the last 21 sessions. Measured against FCNCA's own 13 years of daily returns rather than a market-wide average, that is the 29th percentile — on the quiet side for this stock, against a typical reading of 24.9%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

FCNCA is trading -10.3% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -19.1%, and the deepest was -47.5% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +2.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 37th percentile — close to the gap it normally carries. Over the past year FCNCA closed higher on 52% of sessions, and it is currently 1 session into a falling streak.

On September specifically: over 13 years of records, FCNCA finished the month higher 4 of 13 times, with a median return of -1.4% and an average of -2.7%. Its strongest month historically has been October at +7.3% on average, its weakest September at -2.7%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: FCNCA has opened more than 2% away from the prior close in 150 of 3,267 sessions (4.6% of the time), with the largest gaps running +24.5% and -10.7%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-09-20 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against FCNCA's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of FCNCA's sector?

First Citizens BancShares, Inc. sits in the Financials sector, currently ranked 5th of 11 GICS sectors by relative-strength rotation score (lagging).

Sector rank
#5 of 11
Sector state
Lagging
Sector rotation score
50

Options Market

What is the options market pricing for FCNCA?

CallsPuts

For First Citizens BancShares, Inc.'s nearest expiry (2026-10-16, 26 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 2.03), with at-the-money implied volatility around 26.6%. The options market is pricing roughly a ±6.7% move by that expiry — a range of about $2043.42–$2334.58.

Put/call ratio (2026-10-16)
2.03
ATM implied volatility
26.6%
Total open interest
115
Expected move by 2026-10-16
±6.7% ($2043.42–$2334.58)

Analyst Rating Changes

Are analysts turning bullish or bearish on FCNCA?

Truist Securities most recently reiterated its rating on First Citizens BancShares, Inc. to Hold on Jul 28, 2026 with a price target of $2323 (from $2150). Over the last 90 days, coverage has run 0 upgrades against 1 downgrade, a net bearish lean.

Latest action
Truist Securities — Hold
90-day upgrades
0
90-day downgrades
1
Net rating momentum
-1
DateFirmActionRatingPrice target
Jul 28, 2026Truist SecuritiesMaintainedHold$2150 → $2323
Jul 27, 2026Piper SandlerMaintainedNeutral$2050 → $2100
Jul 27, 2026BarclaysMaintainedEqual-Weight$2346 → $2376
Jul 24, 2026JP MorganMaintainedNeutral$2350 → $2450
Jul 9, 2026Keefe, Bruyette & WoodsDowngradeOutperform → Market Perform$2300
Jul 7, 2026Goldman SachsMaintainedNeutral$2100 → $2340
Jul 1, 2026JP MorganMaintainedNeutral$2150 → $2350
Apr 27, 2026TD CowenMaintainedBuy$2500 → $2300
Apr 24, 2026JP MorganMaintainedNeutral$2200 → $2150
Apr 9, 2026Keefe, Bruyette & WoodsMaintainedOutperform$2375 → $2300
Apr 1, 2026JP MorganDowngradeOverweight → Neutral$2450 → $2200
Jan 29, 2026Piper SandlerMaintainedNeutral$2000 → $2100

FCNCA Competitive Positioning

First Citizens BancShares, Inc. (FCNCA) is tracked alongside these names in Banks - Regional on DailyIQ — ranked by market cap, with today's move alongside.

Held by These ETFs

FCNCA is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.