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 |
|---|---|---|---|
| 11/20/2025 | $2100.00 → $2200.00 | Outperform → Strong Buy | Raymond James |
| 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 |
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Financing to support advancement of magnetic mirror fusion technology SAN FRANCISCO, Feb. 17, 2026 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a growth capital facility of $9.5 million to fusion energy startup Realta Fusion (Realta). Realta Fusion's technology is built to provide on-site industrial heat and power across a broad range of uses, including data centers, chemical processing, metal recycling, remote mining, and other heavy industrial operations. This latest financing will enable Realta to continue deris
HARTSVILLE, S.C., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company") (NYSE:SON), a global leader in high-value sustainable packaging, today announced that, Craig L. Nix, CPA has been appointed to its Board of Directors (the "Board"). Mr. Nix serves as Chief Financial Officer of First Citizens BancShares, Inc. (NASDAQ:FCNCA), a top 20 financial institution and the largest family-controlled bank in the United States, based in Raleigh, N.C. At First Citizens, he is responsible for all corporate finance functions, including accounting, financial planning and analysis, external reporting, investor relations and the tax, treasury and controller groups. Prior t
RALEIGH, N.C., Feb. 10, 2026 /PRNewswire/ -- First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of First Citizens BancShares, Inc. (NASDAQ:FCNCA), announced today that Chairman and CEO Frank Holding has been appointed to the Federal Reserve Board of Governors' Federal Advisory Council (FAC) for 2026. Holding will represent the Fifth District on behalf of the Federal Reserve Bank of Richmond. The FAC, which comprises 12 representatives of the banking industry, one from each Federal Reserve District, consults with and advises the Boa
Contends Board Level Change is Required to Address Alarming Share Price Underperformance, Culture of Entrenchment and Widening Valuation Gap Versus Its Closest Peer Nominees Kurt Adams, Ellen Alemany, Ken Cornick and Lauren Taylor Wolfe Each Bring an Owner's Perspective and the Relevant Industry Experience to Strengthen Strategic Oversight, Enhance Capital Allocation and Improve Operational Performance Nominees Have Demonstrated Conviction in WEX's Value Potential and Personally Purchased More Shares Than the Entire Incumbent Board Over the Past Nine Years Impactive Capital, LP, ("Impactive" or "we") together with its affiliates, one of the largest shareholders of WEX Inc. (NYSE:WEX)
TAMPA, Fla., Feb. 3, 2026 /PRNewswire/ -- First Citizens Bank today announced that Robert Horne has joined the company as Director of Middle Market Banking for Florida. Based in Tampa, Horne will lead efforts to grow First Citizens' middle market banking presence throughout the state. "With more than 10 years of experience in commercial banking and equipment finance in the state of Florida, Robert brings valuable industry expertise and experience to this role," said Matt Tollenaer, Managing Director and Market Leader of First Citizens Middle Market Banking. "His local market k
RALEIGH, N.C., Jan. 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the fourth quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "We delivered solid return metrics in the fourth quarter while credit quality remained stable and we achieved strong loan growth, led by Global Fund Banking. We returned an additional $900 million of capital to our stockholders during the quarter through share repurchases and prepaid $2.5 billion of the Purchase Money Note. Our capital and liquidity positions remain strong. We a
RALEIGH, N.C., Jan. 23, 2026 /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 16, 2026, to holders of record as of February 27, 2026: A quarterly common stock dividend of $2.10 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.
Demand decline improving with stabilization on the horizon NAPA, Calif., Jan. 15, 2026 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today released its 2026 State of the US Wine Industry Report. Widely regarded as the leading source of market trends in the premium wine sector, SVB's 25th annual report provides an analysis of current market conditions, success strategies, and forecasts for the year ahead. The 2026 report estimates the following industry sales totals for 2025: Total volume of ~329 million cases (down from 335.9 million in 2024)Tot
RALEIGH, N.C., Jan. 14, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that Lorie K. Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current Treasurer and 20-year First Citizens Bank veteran, to succeed Rupp as Chief Risk Officer. Rupp's retirement and Eklund's appointment will be effective June 1, 2026, providing time to ensure a smooth transition. Rupp has served as the Chief Risk Officer since March 2017, playing a pivotal role in strengthening the company's risk manageme
New non-dilutive financing will support geographic expansion, acquisitions and increased access to developmental therapy for autistic children. Facility provided by Silicon Valley Bank and Pinegrove Venture Partners refinances existing credit facility and strengthens the company's balance sheet. Positive Development, the nation's leading provider of developmental therapy for autistic children and their families, today announced the closing of a debt financing facility for up to $45 million provided by Silicon Valley Bank (SVB), a division of First Citizens Bank, and Pinegrove Venture Partners (Pinegrove). The new facility refinances Positive Development's existing credit facility,
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
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Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Raymond James upgraded First Citizens BancShares from Outperform to Strong Buy and set a new price target of $2,200.00 from $2,100.00 previously
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
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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., Jan. 14, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that Lorie K. Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current Treasurer and 20-year First Citizens Bank veteran, to succeed Rupp as Chief Risk Officer. Rupp's retirement and Eklund's appointment will be effective June 1, 2026, providing time to ensure a smooth transition. Rupp has served as the Chief Risk Officer since March 2017, playing a pivotal role in strengthening the company's risk manageme
Company veteran to lead national Life Science and Healthcare Banking Group; Bill Burkoth tapped to lead East Region SAN FRANCISCO, Nov. 18, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that 28-year company veteran, Megan Scheffel, has been named Head of Life Science and Healthcare Banking. In her role, Scheffel will lead a nationwide team dedicated to providing specialized banking services, debt financing solutions, industry partnerships, and leading market insights to companies and investors across the sector. Based in Washington D.C, she will report to Marc Cadieux, President of Silicon Valley Bank.
RALEIGH, N.C., Nov. 12, 2025 /PRNewswire/ -- First Citizens Wealth, a division of First Citizens Bank serving individuals and institutions, today announced the appointment of Lee Erby as Northern California Market Leader. Based in San Francisco, he reports to Art Saldivar, Senior Director of Regional Wealth for California, and he will lead a team of wealth consultants. Erby is responsible for growing a team serving the needs of high-net-worth individuals and families; the entrepreneurs, founders, investors behind the innovation economy; businesses and corporations; and nonprof
RALEIGH, N.C., Oct. 29, 2025 /PRNewswire/ -- First Citizens Wealth today announced the appointment of Erin McCaskill as Director and Atlanta Market Leader. Based in Atlanta, she reports to Ethan Van Eck, Senior Director of Regional Wealth, and will lead a First Citizens team of wealth consultants. McCaskill is responsible for growing a high-caliber team serving the needs of high-net-worth individuals and families; businesses and corporations; entrepreneurs, founders, investors and nonprofits in the metro Atlanta area. Under her leadership, First Citizens Wealth will further en
RALEIGH, N.C., Sept. 30, 2025 /PRNewswire/ -- First Citizens Bank has named two new Area Executives in South Carolina and Georgia. Justin Rice will oversee the South Carolina Lowcountry region, as well as Savannah, Ga., and JP Connell will be responsible for the Charleston, South Carolina region and surrounding area. Both will lead business, commercial and branch banking operations, serving clients and managing teams in their respective regions. "The Southern coastal economy continues to grow across diversified industries, and more than ever, clients in the region are looking
RALEIGH, N.C., Sept. 29, 2025 /PRNewswire/ -- First Citizens Bank today announced that Rod Versteegh, previously Global Business Unit President at DLL, has joined First Citizens as its new Equipment Finance Executive. "A respected veteran of the finance industry with over 30 years of expertise, Rod's leadership will be an incredible asset," said First Citizens Bank President Peter Bristow in announcing the appointment. "Rod has a clear track record of success that we are eager to build upon," Bristow continued. "He brings with him a fresh perspective and a wealth of knowledge
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
Live finance-specific insights
Contends Board Level Change is Required to Address Alarming Share Price Underperformance, Culture of Entrenchment and Widening Valuation Gap Versus Its Closest Peer Nominees Kurt Adams, Ellen Alemany, Ken Cornick and Lauren Taylor Wolfe Each Bring an Owner's Perspective and the Relevant Industry Experience to Strengthen Strategic Oversight, Enhance Capital Allocation and Improve Operational Performance Nominees Have Demonstrated Conviction in WEX's Value Potential and Personally Purchased More Shares Than the Entire Incumbent Board Over the Past Nine Years Impactive Capital, LP, ("Impactive" or "we") together with its affiliates, one of the largest shareholders of WEX Inc. (NYSE:WEX)
RALEIGH, N.C., Jan. 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the fourth quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "We delivered solid return metrics in the fourth quarter while credit quality remained stable and we achieved strong loan growth, led by Global Fund Banking. We returned an additional $900 million of capital to our stockholders during the quarter through share repurchases and prepaid $2.5 billion of the Purchase Money Note. Our capital and liquidity positions remain strong. We a
RALEIGH, N.C., Jan. 23, 2026 /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 16, 2026, to holders of record as of February 27, 2026: A quarterly common stock dividend of $2.10 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.
RALEIGH, N.C., Dec. 30, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended December 31, 2025, before the U.S. financial markets open on Friday, January 23, 2026. 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://even
RALEIGH, N.C., Oct. 23, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the third quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "We delivered solid return metrics in the third quarter as all of our operating segments achieved loan and deposit growth, led by SVB Commercial. Capital and liquidity positions remained strong, enabling us to return an additional $900 million of capital to our stockholders during the quarter through share repurchases as we completed the 2024 plan and commenced repurchases under
RALEIGH, N.C., Oct. 23, 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 December 15, 2025, to holders of record as of November 28, 2025: A quarterly common stock dividend of $2.10 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
RALEIGH, N.C., Oct. 1, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended September 30, 2025, before the U.S. financial markets open on Thursday, October 23, 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://ev
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
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