First Citizens BancShares (NASDAQ:FCNCA) Issues Earnings Results, Beats Estimates By $56.68 EPS

First Citizens BancShares (NASDAQ:FCNCA) released its quarterly earnings data on Thursday. The bank reported $57.09 earnings per share for the quarter, topping the consensus estimate of $0.41 by $56.68, FiscalAI reports. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. First Citizens BancShares had a net margin of 16.28% and a return on equity of 11.98%.

First Citizens BancShares Price Performance

First Citizens BancShares stock opened at $2,160.65 on Friday. The firm has a market cap of $25.04 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62. First Citizens BancShares has a one year low of $1,623.76 and a one year high of $2,237.82. The stock’s fifty day moving average price is $2,064.10 and its two-hundred day moving average price is $2,018.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, August 31st. First Citizens BancShares’s dividend payout ratio (DPR) is 4.83%.

More First Citizens BancShares News

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: First Citizens BancShares reported Q2 2026 earnings of $57.09 per share, far above Wall Street expectations, and revenue of $2.24 billion also beat estimates, signaling much stronger-than-expected profitability. First Citizens BancShares Reports Second Quarter 2026 Earnings
• Positive Sentiment: JPMorgan Chase raised its price target on FCNCA to $2,450 from $2,350, suggesting additional upside even though it kept a neutral rating. Benzinga
• Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, underscoring ongoing shareholder returns and financial stability. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Short-interest data showed 0 shares sold short and a 0.0-day short-interest ratio, so the update does not provide a meaningful new signal for the stock. First Citizens BancShares stock page

Insider Buying and Selling

In related news, CEO Frank B. Holding, Jr. acquired 5,940 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $1,726.82 per share, for a total transaction of $10,257,310.80. Following the completion of the transaction, the chief executive officer owned 38,111 shares of the company’s stock, valued at $65,810,837.02. This trade represents a 18.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 7,190 shares of company stock valued at $12,573,868. 14.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in First Citizens BancShares by 1.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,389 shares of the bank’s stock valued at $69,324,000 after buying an additional 681 shares during the period. Empowered Funds LLC raised its stake in shares of First Citizens BancShares by 71.9% during the first quarter. Empowered Funds LLC now owns 392 shares of the bank’s stock valued at $727,000 after acquiring an additional 164 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of First Citizens BancShares by 5.2% during the first quarter. Focus Partners Wealth now owns 241 shares of the bank’s stock worth $447,000 after purchasing an additional 12 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of First Citizens BancShares by 31.3% during the second quarter. EverSource Wealth Advisors LLC now owns 88 shares of the bank’s stock worth $172,000 after purchasing an additional 21 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of First Citizens BancShares in the second quarter worth about $260,000. 78.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Fundamental Research set a $2,350.00 price objective on First Citizens BancShares in a research report on Wednesday, July 1st. Zacks Research raised shares of First Citizens BancShares from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings upgraded shares of First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $2,300.00 target price on shares of First Citizens BancShares in a report on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of First Citizens BancShares from $2,100.00 to $2,340.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2,258.85.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.