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First Citizens BancShares Inc/NC (FCNCA)
NASDAQFinancialsBanks - RegionalSnapshot 2026-06-16
Watch· this week
$2094.87+1.26%
Close 2026-06-16 · 1-day change
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is neutral, and earnings quality is mixed. Management's recent track record has been fairly steady, while risk is moderate. The sector backdrop is a headwind, but compared with sector peers, FCNCA is above typical. Peer multiples imply a price roughly in line with where it trades (about fair); the read is fair. Key factors to watch include the potential impact of interest rate changes and the performance of sector bellwethers. This read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NASDAQ
- Sector
- Financials
- Industry
- Banks - Regional
- Market cap
- $23.97B
- Employees
- —
- IPO date
- 1995-08-14
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 6 valuation methods, at three horizons. Current price $2094.87. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$1924.20consensus
Range $1667.65 – $2214.52
vs price: +9% above
Method agreement — · 6 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$2570.95consensus
Range $2451.71 – $4523.89
vs price: -19% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peershigh confidence
At $2,069 FCNCA trades at 11× p/e, below its 12× p/e peer median. Our $2,138 fair value sits above the price; high confidence. Not investment advice.
Multiple (P/E)
11.2x
peer 12.2x · own history —
Premium
0.9x peer
Growth the price needs
-3%
our forecast 51%
Our fair value
$2137.83
range $1889.69 – $2287.71
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair12-month view
What's priced inJustified
The price implies about 3% below a flat-multiple fair value, below our forecast of about 51%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired. Regime (Mania) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=4936).
42nd pctl · Financials
Earnings quality
neutralOver the trailing year it converted 1.33x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 58% of the time over the next year (vs 55% for the rest of the cohort, n=4725).
57th pctl · Financials
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
neutralEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bearishEPS revised -7.4% / 30d, n=9for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $42.88 → $39.71 (-7.4% / 30d). 1 raised, 8 cut, 9 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 31% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: financials is in growth, with decelerating (~3.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Growth by revenue growth · theme capital-markets/rates.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- weak
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$82.
How much price usually moves either way.
On a bad day, this stock has moved -$297.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,400.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- score change · valuation_scoresmall change
Valuation fell by 13.8 points (from 63.6 to 49.8).
- label change · valuation_labelsmall change
Valuation label changed from 'fair' to 'full'.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- Either wayHigh confidenceWeeksactive 4d
Watch for changes in FOMC policy on June 17
Why it matters: FOMC decisions affect interest rates. This impacts how much money banks make. This is important for First Citizens.
What confirms / what disproves
Confirms one read:FOMC raises interest rates. They also signal if rates will go up in the future.
Confirms the other:FOMC cuts interest rates or signals no future increases.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for FCNCA yet.
This sector is also watching
- Watch for revenue growth dropping below 10% across major banks
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like HDB, IBN, and PNC keep beating earnings and guiding higher, the Financials sector momentum should keep lifting FCNCA and other Financials names. Worth watching these names for early signals.
- If FCNCA beats again next quarter like it did this past one (a solid beat of +14% on the 2026-03-31 print), the momentum tends to extend, with Street estimates ratcheting up and the stock typically following.
Downside triggers
- If the Fed starts cutting rates from the current 3.62%, that would weigh on FCNCA and other Financials names, since the sector usually outperforms when rates stay high.
- If sector bellwethers like HDB, IBN, and PNC start missing or guiding lower, the Financials tailwind helping FCNCA and other Financials names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits FCNCA and other Financials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-231mo agoItem 2.02
Results of Operations and Financial Condition. On April 23, 2026, First Citizens BancShares, Inc. (“BancShares”) announced its results of operations for the quarter ended March 31, 2026. Copies of BancShares’ press release and financial supplement containing this information are included with this Current Report on Form 8-K (this “Report”) as Exhibit 99.1 and Exhibit 99.3, respectively, and are incorporated into this
Earnings preannouncementpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+4.9 vs last weeklatest as of 2026-06-17
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.