FCNCA First Citizens Bancshares, Inc Dashboard

First Citizens BancShares, Inc. is a bank holding company, which engages in the provision of retail and commercial banking services through its subsidiary. It operates through the following business lines: Card Holder and Merchant Services; Services Charges on Deposit Accounts; Wealth Management Services; Other Service Charges and Fees; Insurance Commissions; ATM Income; and Other. The Card Holder and Merchant Services business lines include interchange fees from customer debut and credit card transactions. The Services Charges on Deposit Accounts business line represent monthly account maintenance and transaction-based service fees. The Wealth Management Services business line comprises sales commissions on various product offerings, transaction fees, and trust and asset management fees. The Other Service Charges and Fees business line encompasses check cashing fees, international banking fees, internet banking fees, wire transfer fees and safe deposit fees. The Insurance Commissions business line focuses in the commissions earned on the issuance of insurance products and services. The ATM income covers customers and non-customers for engaging in an ATM transaction. The Other business line composes several forms of recurring revenue such as FHLB dividends and income earned on changes in the cash surrender value of bank-owned life insurance. The company was founded on August 7, 1986 and is headquartered in Raleigh, NC.

Company profile

Ticker

FCNCA, FCNCB, FCNCP

Exchange

NASDAQ

Website

www.firstcitizens.com/about/who-we-are/profile

CEO

Frank Holding

Incorporated

Delaware

Location

North Carolina

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Citizens Financial • Northern Trust • M & T Bank • Bank Of New York Mellon • Fifth Third Bancorp • Popular • Associated Banc-Corp. • Commerce Bancshares • First Hawaiian ...

SEC CIK

0000798941

Corporate docs

Articles of Incorporation & Bylaws

IRS number

561528994

FCNCA stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

The Past Week's Notable Insider Buys: Babcock & Wilcox, Designer Brands And More

28 Mar 21

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. Some insiders took advantage of public share offerings in the past week. Biotechs were well represented on this list of last week's insider purchases.

Stocks That Hit 52-Week Highs On Friday

12 Mar 21

Before 10 a.m. ET on Friday, 571 companies hit new 52-week highs.

Ex-Dividend Date Insight: First Citizens BancShares

11 Mar 21

On January 26, 2021, First Citizens BancShares (NASDAQ:FCNCA) announced shareholders can expect to receive a dividend payable on April 5, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for First Citizens BancShares is set for March 12, 2021.

Stocks That Hit 52-Week Highs On Wednesday

10 Mar 21

Stocks That Hit 52-Week Highs On Tuesday

23 Feb 21

Press releases

Pro users get this 30m faster

First Citizens BancShares, Inc. Announces Date of 2021 First Quarter Financial Results, Earnings Call

14 Apr 21

RALEIGH, N.C., April 14, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the first quarter ended March 31, 2021, before the U.S. financial markets

Nolan Joins First Citizens as Director of Investment Strategy

13 Apr 21

RALEIGH, N.C., April 13, 2021 (GLOBE NEWSWIRE) -- Patrick Nolan has joined First Citizens Bank as director of Investment Strategy. In this key role, Nolan leads the bank's investment offerings, including portfolio

First Citizens Bank Extends Sagent Partnership for Five Years to Enhance Community Banking Vision with Scalable Servicing Tech

23 Mar 21

Partnership empowers borrowers with self-service tools to take control of their mortgage loans throughout future market cycles Sagent, a fintech company modernizing mortgage and consumer loan servicing for America's

First Citizens Receives 14 Greenwich Excellence Awards for Small Business and Middle Market Banking

10 Mar 21

First Citizens Bank Announces $16 Billion Community Benefits Plan

22 Feb 21

Calendar

24 Feb 21

18 Apr 21

31 Dec 21

Financial summary

Financial statements Chart FCNCA financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	362.05M	362.05M	362.05M	362.05M	362.05M	362.05M
Cash burn (monthly)	(positive/no burn)	1.22M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	4.41M	n/a	n/a	n/a	n/a
Cash remaining	n/a	357.64M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	292.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

FCNCA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 Mar 21	Jeffery L Ward	Class A Common Stock	Buy	Aquire P	No	No	837.99	178	149.16K	378
9 Mar 21	Frank B Holding JR	Class B Common Stock	Buy	Aquire P	Yes	No	735	200	147K	2,322
8 Mar 21	Frank B Holding JR	Class B Common Stock	Buy	Aquire P	Yes	No	735	225	165.38K	2,185
8 Mar 21	Frank B Holding JR	Class B Common Stock	Buy	Aquire P	Yes	No	735	225	165.38K	4,280
8 Mar 21	Holding Olivia Britton	Class B Common	Buy	Aquire P	Yes	No	735	330	242.55K	4,480
23 Feb 21	Carson H Brice	Class A Common	Gift	Aquire G	Yes	No	0	1,600	0	86,330
23 Feb 21	Holding Olivia Britton	Class A Common	Gift	Dispose G	Yes	No	0	1,600	0	386,502
10 Feb 21	Carson H Brice	Class A Common	Gift	Dispose G	Yes	No	0	4,200	0	17,285
10 Feb 21	Bryant Hope Holding	Class A Common Stock	Gift	Aquire G	Yes	No	0	4,200	0	14,200
10 Feb 21	Frank B Holding JR	Class A Common Stock	Gift	Aquire G	No	No	0	4,200	0	526,503

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Financial report summary

Competition

Truist Bank • Truist Bank

Management Discussion

Taxable-equivalent net interest income was $1.39 billion for the year ended December 31, 2020, an increase of $75.8 million, or 5.8%, compared to 2019. Interest income increased $79.0 million and interest expense increased by $3.2 million.
Interest income earned on loans and leases was $1.34 billion during 2020, an increase of $115.2 million compared to 2019. The increase was primarily due to the impacts of SBA-PPP loans, which contributed $90.1 million, and organic loan growth, partially offset by lower yields.
Interest income earned on investment securities was $144.8 million and $161.5 million during 2020 and 2019, respectively. The $16.7 million decrease was primarily due to a 73 basis point decline in the investment yield, partially offset by higher average balances.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

New words: abandon, abandoned, absence, absenteeism, ACS, aid, Alemany, array, asserting, backed, baseline, behavior, boost, breadth, bring, brought, built, burden, calibrated, canceled, cancellable, career, Chairwoman, Chancery, Chicago, choice, choosing, CIT, cleaning, coaching, conclusion, consent, contradicted, correlate, counsel, court, crossing, customary, decree, defend, defending, depositary, differentiation, diminished, disbursement, dissolution, dissolved, distraction, divestiture, doctrine, double, driver, duty, Ellen, ethnically, exacerbated, expertise, explicit, fallout, fear, felt, Flexibility, flexible, flooding, forbearance, formalize, forum, frame, franchise, geography, greatly, hand, hardest, healthcare, hit, homeowner, hospitality, human, imposition, inapplicable, inclusion, influx, injunction, insignificant, instability, Interagency, IX, leadership, lieu, lost, Missed, momentum, month, navigating, noncompete, noncredit, occurrence, official, oil, onset, operationally, outbreak, outlook, outsourcing, Overseen, pandemic, parent, passed, Paycheck, Peak, Perpetual, population, predicated, rapidly, rare, reallocating, recession, reevaluate, reevaluated, relationship, relaxation, relieve, reorganization, restraint, revert, risen, robust, roll, round, sanitation, sanitizer, sanitizing, satisfaction, SBA, sharp, slowly, Southern, strain, subsided, subtraction, suite, surviving, talent, threshold, track, turnover, unanimously, unconditionally, unenforceable, unrest, upside, validation, voluntary, waived, welfare, Window, women, workforce, world

Removed: agricultural, alexander, announcement, Assistant, attorney, award, background, bell, centrally, Certification, charitable, comparability, complying, comprise, consistency, conversion, craig, daniel, Debenture, decided, Deutsche, disclosing, distinction, document, dropped, duly, durham, educational, Edward, Exhibit, extinguishment, fertilizer, floyd, formulate, forward, guarantor, Guaranty, heavner, herewith, homebancorp, hoppe, Indenture, Instance, intend, Interactive, jason, john, Label, leasing, lee, lessee, lessor, Linkbase, mason, Milwaukee, newcomb, nix, nonaccretable, nonaccruing, noncancellable, noncore, Orlando, OTTI, preceding, prime, profitable, projecting, Schema, scoring, seed, separated, Specimen, successor, Tampa, targeted, Taxonomy, thereunto, transitional, treatment, unchanged, undersigned, utilization, victor, weak, weather, Willingham, Wilmington, worsen, XBRL

From filing 10-K 2020 FY