for more than 100 years, raleigh, n.c. -headquartered first citizens bank has helped customers do more with the money they earn, save and invest. along the way, we’ve built our company on such timeless values as integrity, hard work and taking the long-term view. in 1898, first citizens began as the bank of smithfield in johnston county, n.c. from a single office, first citizens has grown to more than 560 branches in 18 states. first citizens today is a full-service banking institution with more than 6,000 employees. our parent company, first citizens bancshares, inc. (nasdaq: fcnca), has more than $30 billion in assets. first citizens is now the country’s largest family-controlled bank, with a record of stable leadership few institutions can rival. first citizens offers: • traditional banking services. • essential business and professional services. • wealth management capabilities. • hundreds of branches and atms, a full-service telephone bank and sophisticated online and mobile bank
Company profile
Ticker
FCNCA, FCNCB, FCNCO, FCNCP
Exchange
CEO
Jeffrey Agee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
First-Citizens Bank & Trust Company • First Citizens Equity Investments, LLC • The CIT Group • CIT Lending Services, LLC • First Citizens Capital Securities, LLC ...
IRS number
561528994
FCNCA stock data
Latest filings (excl ownership)
8-K
First Citizens Bancshares Reports First Quarter 2024 Earnings
25 Apr 24
PX14A6G
Letter to shareholders
8 Apr 24
PX14A6G
Letter to shareholders
26 Mar 24
ARS
2023 FY
Annual report to shareholders
15 Mar 24
DEF 14A
Definitive proxy
15 Mar 24
10-K
2023 FY
Annual report
23 Feb 24
8-K/A
Independent Auditors’ Report
26 Jan 24
8-K
First Citizens Bancshares Reports Fourth Quarter 2023 Earnings
26 Jan 24
8-K/A
Departure of Directors or Certain Officers
16 Jan 24
8-K
Departure of Directors or Certain Officers
16 Jan 24
Transcripts
FCNCA
Earnings call transcript
2024 Q1
25 Apr 24
FCNCA
Earnings call transcript
2023 Q4
26 Jan 24
FCNCA
Earnings call transcript
2023 Q3
26 Oct 23
FCNCA
Earnings call transcript
2023 Q2
3 Aug 23
FCNCA
Earnings call transcript
2023 Q1
10 May 23
FCNCA
Earnings call transcript
2023 Q1
27 Mar 23
FCNCA
Earnings call transcript
2022 Q4
26 Jan 23
FCNCA
Earnings call transcript
2022 Q3
27 Oct 22
FCNCA
Earnings call transcript
2022 Q2
29 Jul 22
FCNCA
Earnings call transcript
2022 Q2
28 Jul 22
Latest ownership filings
144
Notice of proposed sale of securities
26 Apr 24
4
Ellen R Alemany
22 Mar 24
4/A
PETER M BRISTOW
13 Mar 24
4
FRANK B HOLDING JR
7 Mar 24
4
Carson H Brice
7 Mar 24
4
HOPE HOLDING BRYANT
7 Mar 24
4
Olivia Britton Holding
7 Mar 24
4
Claire H Bristow
7 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
4
PETER M BRISTOW
7 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 791.00 mm | 791.00 mm | 791.00 mm | 791.00 mm | 791.00 mm | 791.00 mm |
Cash burn (monthly) | 42.00 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 290.66 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 500.34 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 11.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
40.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 405 |
Opened positions | 61 |
Closed positions | 137 |
Increased positions | 150 |
Reduced positions | 110 |
13F shares | Current |
---|---|
Total value | 7.31 tn |
Total shares | 5.44 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 1.02 mm | $1.44 tn |
Harris Associates L P | 500.87 k | $710.72 bn |
Egerton Capital | 303.08 k | $430.06 bn |
JPM JPMorgan Chase & Co. | 259.03 k | $367.55 bn |
STT State Street | 252.99 k | $358.98 bn |
Wellington Management | 239.56 k | $339.93 bn |
FMR | 228.66 k | $324.46 bn |
Dimensional Fund Advisors | 186.82 k | $265.12 bn |
Alua Capital Management | 147.96 k | $209.95 bn |
Brown Advisory | 119.33 k | $169.32 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | Yes | No | 1559.1559 | 385 | 600.28 k | 4,559 |
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | Yes | No | 1557.8514 | 106 | 165.13 k | 4,944 |
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | Yes | No | 1555.6591 | 770 | 1.20 mm | 5,050 |
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | Yes | No | 1552.4 | 100 | 155.24 k | 5,820 |
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | Yes | No | 1551.0633 | 60 | 93.06 k | 5,920 |
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | Yes | No | 1550.5452 | 979 | 1.52 mm | 5,980 |
20 Mar 24 | Ellen R Alemany | Class A Common | Sell | Dispose S | No | No | 1559.09 | 600 | 935.45 k | 4,842 |
8 Mar 24 | Bristow Peter M | Class A Common | Gift | Acquire G | Yes | No | 0 | 75 | 0.00 | 321,804 |
6 Mar 24 | Bristow Claire H | Class A Common | Gift | Acquire G | Yes | No | 0 | 75 | 0.00 | 321,804 |
6 Mar 24 | Holding Olivia Britton | Class A Common | Gift | Acquire G | Yes | No | 0 | 775 | 0.00 | 538,234 |
News
Piper Sandler Downgrades First Citizens BancShares to Neutral, Raises Price Target to $1950
26 Apr 24
Barclays Maintains Equal-Weight on First Citizens BancShares, Raises Price Target to $1950
26 Apr 24
First Citizens BancShares Q1 Adj $52.92 Beats $43.32 Estimate, Sales $1.82B Miss $2.36B Estimate
25 Apr 24
Analyst Scoreboard: 4 Ratings For First Citizens BancShares
15 Apr 24
DA Davidson Assumes First Citizens BancShares at Neutral, Raises Price Target to $1650
15 Apr 24
Press releases
First Citizens BancShares Reports First Quarter 2024 Earnings
25 Apr 24
First Citizens BancShares Declares Dividends
25 Apr 24
First Citizens BancShares, Inc. Announces Date of 2024 First Quarter Earnings Call
3 Apr 24
HawkEye 360 Secures $40 Million Debt Commitment
2 Apr 24
Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets
21 Mar 24