Latest revenue
$2.31B
as of 2026-03-31
Latest net income
$534.0M
as of 2026-03-31
Net margin
23.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $19.55B
- Enterprise value
- $19.55B
- P/E (trailing)
- 8.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.4%
- 52-wk high
- $2232.21
- 52-wk low
- $1623.76
- Beta
- —
- Shares out
- 9.8M
5-year trend
What this company does
First Citizens BancShares is a Delaware-based financial holding company that operates First-Citizens Bank & Trust, a regional bank with branches across the Southeast, Mid-Atlantic, Midwest, and West offering commercial and consumer banking, equipment leasing, and wealth management. The bank earns most of its revenue from net interest income on its $149 billion loan and lease book, supplemented by operating lease rentals, deposit fees, and wealth management charges. Following its 2023 acquisition of Silicon Valley Bank assets, BancShares now manages $236 billion in assets and is aggressively returning capital, repurchasing $908 million of Class A shares this quarter while issuing Series E preferred stock.
Key risks
- HTM securities carry $1.18B unrealized loss: $9.54B book vs. $8.36B fair value, pressuring tangible capital if forced to sell.
- NIM compression: net interest income fell to $1,621M from $1,663M YoY as deposit costs and $33.8B long-term borrowings weigh on margins.
- Aggressive capital return amid softening earnings: $908M Class A buybacks in Q1 2026 plus $390M new Series E preferred issuance increased leverage.
Profitability
Net margin
15.2%
18.0%Return on equity
9.9%
20.6%Return on assets
1.0%
22.6%Leverage
Debt / equity
9.33×
3.0%Long-term debt / equity
1.62×
2.8%Debt / assets
90.3%
0.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $2.31B | +0.7% | $534.0M | +10.6% | 23.1% |
Q4 2025 2025-12-31 | $8.73B | -9.6% | $580.0M | -17.1% | 6.6% |
Q3 2025 2025-09-30 | $1.97B | +21.3% | $568.0M | -11.1% | 28.9% |
Q2 2025 2025-06-30 | $1.51B | +20.8% | $575.0M | -18.7% | 38.1% |
Q1 2025 2025-03-31 | $2.30B | -6.0% | $483.0M | -33.9% | 21.0% |
Q4 2024 2024-12-31 | $9.65B | — | $700.0M | — | 7.3% |
Q3 2024 2024-09-30 | $1.62B | +290.4% | $639.0M | -15.0% | 39.4% |
Q2 2024 2024-06-30 | $1.25B | +434.6% | $707.0M | +3.7% | 56.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
State Commercial Banks · SIC 6022
Your notes
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Insider activity
Insider buying
$13.4M
Insider selling
$10.3M
Net activity
+$3.2M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FCNCA
Institutional value
$6.66B
Total shares held
3.7M
Distinct holders
419
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 1.0M | $1.89B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 387.4K | $730.1M | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 348.7K | $657.2M | — | New |
| 4 | JPMORGAN CHASE & CO | 264.6K | $488.7M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 125.9K | $237.3M | — | New |
| 6 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 120.1K | $226.3M | — | New |
| 7 | Allspring Global Investments Holdings, LLC | 91.9K | $174.0M | — | New |
| 8 | REINHART PARTNERS, LLC. | 78.3K | $147.6M | — | New |
| 9 | FIRST CITIZENS BANK & TRUST CO | 76.6K | $144.4M | — | New |
| 10 | UBS Group AG | 60.3K | $113.6M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 59.0K | $111.2M | — | New |
| 12 | River Road Asset Management, LLC | 50.2K | $94.5M | — | New |
| 13 | CHECK CAPITAL MANAGEMENT INC/CA | 44.1K | $83.1M | — | New |
| 14 | FIRST TRUST ADVISORS LP | 43.2K | $81.5M | — | New |
| 15 | Bank of New York Mellon Corp | 41.6K | $78.3M | — | New |
| 16 | Alberta Investment Management Corp | 36.2K | $68.2M | — | New |
| 17 | Legal & General Group Plc | 30.8K | $58.1M | — | New |
| 18 | Artisan Partners Limited Partnership | 29.0K | $54.6M | — | New |
| 19 | WELLS FARGO & COMPANY/MN | 23.6K | $44.4M | — | New |
| 20 | Invesco Ltd. | 21.1K | $39.7M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
NIM compressed as net interest income fell to $1.621B from $1.663B despite loan growth—what's the deposit beta trajectory and trough timing?
- 2
You bought back $908M of stock at ~$2,018/share while issuing $390M Series E preferred—justify swapping common for higher-cost preferred capital here.
- 3
HTM securities show $1.18B unrealized loss ($9.54B book vs $8.36B fair); any scenario forcing reclassification or impacting AOCI-inclusive capital ratios?