First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2020, it operated 542 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: firstcitizens.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/28/2025 | $2150.00 | Overweight → Neutral | Piper Sandler |
| 5/21/2025 | $2050.00 | Hold | Jefferies |
| 5/15/2025 | $2400.00 | Buy | TD Cowen |
| 3/11/2025 | $2250.00 | Neutral → Overweight | Piper Sandler |
| 1/14/2025 | $2500.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/17/2024 | Buy | UBS | |
| 12/9/2024 | $2600.00 | Buy | Deutsche Bank |
| 12/4/2024 | $2100.00 → $2500.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/24/2024 | $2450.00 → $2150.00 | Outperform → Neutral | Wedbush |
| 7/9/2024 | $2005.00 | Buy | Jefferies |
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4 - FIRST CITIZENS BANCSHARES INC /DE/ (0000798941) (Issuer)
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Piper Sandler downgraded First Citizens BancShares from Overweight to Neutral and set a new price target of $2,150.00
Jefferies initiated coverage of First Citizens BancShares with a rating of Hold and set a new price target of $2,050.00
TD Cowen initiated coverage of First Citizens BancShares with a rating of Buy and set a new price target of $2,400.00
Piper Sandler upgraded First Citizens BancShares from Neutral to Overweight and set a new price target of $2,250.00
Keefe Bruyette upgraded First Citizens BancShares from Mkt Perform to Outperform and set a new price target of $2,500.00
UBS resumed coverage of First Citizens BancShares with a rating of Buy
Deutsche Bank initiated coverage of First Citizens BancShares with a rating of Buy and set a new price target of $2,600.00
Keefe Bruyette downgraded First Citizens BancShares from Outperform to Mkt Perform and set a new price target of $2,500.00 from $2,100.00 previously
Wedbush downgraded First Citizens BancShares from Outperform to Neutral and set a new price target of $2,150.00 from $2,450.00 previously
Jefferies initiated coverage of First Citizens BancShares with a rating of Buy and set a new price target of $2,005.00
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RALEIGH, N.C., Aug. 6, 2025 /PRNewswire/ -- Vacations are a top saving priority for Americans despite pressure on household budgets, according to CIT Bank's 2025 Summer Savings Survey conducted by Harris Poll1. The recent survey asked American adults about their savings habits and goals, as well as their plans for summer vacations this year. Though saving up for a rainy day or a new car are also high priorities, planning for their next getaway is top of mind for more Americans — and for good reason. "Saving for a vacation is an optimistic and aspirational financial goal," said
AI investments account for 58 cents of every VC dollar deployed in 2025 SAN FRANCISCO, Aug. 5, 2025 /PRNewswire/ -- While AI companies continue to attract significant venture capital (VC) investment, these companies are also operating with higher cash burn rates, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI companies account for approximately one-third (36%) of VC deals and the majority (58%) of total VC investments, but they are also showing higher burn rates and lower profit margins, according to the report. "AI is one
SVB clients will now have preferred access to Forge's services and solutions tailored for private market liquidity management SAN FRANCISCO, July 31, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank serving companies throughout the innovation economy, announced today it has entered into a partnership with Forge Securities LLC, a wholly owned subsidiary of Forge Global Holdings, Inc. ("Forge,") (NYSE:FRGE). Forge is a leading provider of marketplace infrastructure, data services, technology, and investment solutions for the private market. The new referral partnership will provide Silicon Valley Bank clients with Forge's private liquidity solutions to manage t
AI and back-office software driving growth; China biopharma licensing on track for record year SAN FRANCISCO, July 29, 2025 /PRNewswire/ -- Despite a decline in overall fundraising, which is on track for the lowest amount closed in more than a decade, AI-related deal activity remains a bright spot for the healthcare sector, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Over the last three years, all healthcare sectors saw strong growth in AI deal activity while companies not leveraging AI saw a 20% decrease. "Despite a challe
RALEIGH, N.C., July 25, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the second quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "Our team delivered solid financial results in the second quarter through revenue growth and positive credit performance across our diverse portfolio. Capital and liquidity positions remained strong, enabling us to return an additional $613 million of capital to our stockholders through share repurchases during the quarter. Also, we are pleased to announce that our Board of Dir
RALEIGH, N.C., July 25, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on September 15, 2025, to holders of record as of August 29, 2025: A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary shar
RALEIGH, N.C., July 22, 2025 /PRNewswire/ -- First Citizens Bank has named Israel Gibbs as Area Executive for the bank's North Florida market to grow its banking business in the state. Gibbs will lead business and branch banking operations in the Jacksonville region. "Israel is a veteran of First Citizens Bank who knows the Florida market well and is highly regarded in the industry and throughout our local communities," said Melinda Perrier, Regional Executive Vice President of the Florida market for First Citizens Bank. "His deep understanding of our clients, along with his i
RALEIGH, N.C., July 1, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended June 30, 2025, before the U.S. financial markets open on Friday, July 25, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://events.q4inc
JACKSONVILLE, Fla., June 25, 2025 /PRNewswire/ -- Merlo America LLC and First Citizens Bank Equipment Finance today announced a new vendor finance agreement that will provide Merlo customers with leasing and lending solutions to secure new construction and agricultural equipment. Headquartered in Rock Hill, South Carolina, Merlo America is the North American subsidiary of Italy-based Merlo S.p.A, a family-run industrial group that designs, produces and markets its own products under the "Merlo" and "TreEmme" brands. The parent company is a leading producer of multi-use telehan
Financing led by SVB's National Fintech Practice SAN FRANCISCO, June 18, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Setpoint, today announced it has provided a warehouse facility to UpEquity, an Austin-based mortgage technology company that provides solutions for home buyers to help them purchase a new home before they sell their current home. The facility will provide up to $200 million in financing capacity and is expected to support $1 billion in originations over the next 2 years. The new facility supports
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Live Leadership Updates
RALEIGH, N.C., July 22, 2025 /PRNewswire/ -- First Citizens Bank has named Israel Gibbs as Area Executive for the bank's North Florida market to grow its banking business in the state. Gibbs will lead business and branch banking operations in the Jacksonville region. "Israel is a veteran of First Citizens Bank who knows the Florida market well and is highly regarded in the industry and throughout our local communities," said Melinda Perrier, Regional Executive Vice President of the Florida market for First Citizens Bank. "His deep understanding of our clients, along with his i
Michelle Draper, former Silicon Valley Bank CMO and 30-year financial industry veteran, to lead marketing and client experience RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- First Citizens Bank today announced the appointment of Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank. In her role serving the First Citizens enterprise, Draper leads a marketing organization nationwide dedicated to building upon the company's customer-centric vision
RALEIGH, N.C., June 4, 2024 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ:FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the largest companies in the United States by revenue. First Citizens ranked #182 overall on the 2024 list, underscoring its status as one of the nation's premier banking and financial services institutions. In addition, the bank was listed at #24 on Fortune's 2024 list of fastest-growing companies. "At First Citizens, we are deeply committed to supporting clients with high-quality, reli
RALEIGH, N.C., Jan. 22, 2024 /PRNewswire/ -- First Citizens Bank announced today the appointment of James Bennett as executive director of External Affairs. In this newly created position, Bennett, a seasoned First Citizens banker, is now responsible for nationwide community engagement as well as strengthening relationships with state and federal government officials, members of Congress, trade groups and other public policy stakeholders. His new position was effective Jan. 1, 2024. He reports to Chairman and CEO Frank B. Holding, Jr. "We are glad to have James' leadership in
New leadership continues SVB's commitment to best-in-class product solutions SANTA CLARA, Calif., Aug. 22, 2023 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced Martin Murrell has been named Head of Global Payments and Milton Santiago was named Head of Global Digital Solutions. The new leaders will further SVB's commitment to innovative products, client solutions and exceptional client experience. "In a period of dramatic change in the payments and digital banking landscape, Martin and Milton bring the vision and execution needed
Company releases Mid-Year Healthcare Investments and Exits Report SAN FRANCISCO, July 27, 2023 /PRNewswire/ -- Silicon Valley Bank, a division of First Citizens Bank, today announced that 16-year SVB veteran Jackie Spencer has been named the new Head of Relationship Management for Life Science and Healthcare Banking. The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice. Spencer and Scheffel report to 30-year SVB leader Joan Parsons, Head of Technology and Healthcare Banking at Silicon Valley Bank (SVB).
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Live finance-specific insights
RALEIGH, N.C., July 25, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the second quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "Our team delivered solid financial results in the second quarter through revenue growth and positive credit performance across our diverse portfolio. Capital and liquidity positions remained strong, enabling us to return an additional $613 million of capital to our stockholders through share repurchases during the quarter. Also, we are pleased to announce that our Board of Dir
RALEIGH, N.C., July 25, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on September 15, 2025, to holders of record as of August 29, 2025: A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary shar
RALEIGH, N.C., July 1, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended June 30, 2025, before the U.S. financial markets open on Friday, July 25, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://events.q4inc
RALEIGH, N.C., April 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the first quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "Our first quarter financial results were solid, including loan growth in the Commercial Bank and SVB Commercial segments, as well as deposit growth, primarily in the Direct Bank and throughout our Branch Network. Credit remained stable with net charge-offs declining from the fourth quarter. We maintained strong capital and liquidity positions which allowed us to return an addit
RALEIGH, N.C., April 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on June 16, 2025, to holders of record as of May 30, 2025: A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.A div
RALEIGH, N.C., April 2, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2025, before the U.S. financial markets open on Thursday, April 24, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://events.
RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the fourth quarter of 2024. Chairman and CEO Frank B. Holding, Jr. said: "We delivered another quarter of strong financial results and experienced loan and deposit growth across all of our segments. Credit remained stable and our solid capital and liquidity positions allowed us to repurchase 461,583 shares of our Class A common stock for $963 million during the fourth quarter. "In the wake of the recent wildfires and Hurricanes Helene and Milton, our
RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 17, 2025, to holders of record as of Feb. 28, 2025: A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.A di
RALEIGH, N.C., Jan. 2, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended December 31, 2024, before the U.S. financial markets open on Friday, January 24, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://event
RALEIGH, N.C., Oct. 24, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the third quarter of 2024. Chairman and CEO Frank B. Holding, Jr. said: "We posted another quarter of strong financial results, largely in line with our expectations. Loan growth remained resilient in both the General Bank and Commercial Bank segments, while loans in the SVB Commercial segment declined as Global Fund Banking repayment levels outpaced draw activity. We experienced another quarter of deposit growth, mostly concentrated in our Branch Ne