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First Citizens Bancshares Inc
First Citizens Bancshares Inc (FCNCA) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Raleigh, United States and has 17,876 employees. The company is worth $24.81B and trades at 11.8x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $9.54B in fiscal 2025, down 2.2% from the year before. Net income was $2.21B. The share price is 4.3% below its 52-week high of $2,296.30. It pays a dividend yielding 0.38%, and has raised its annual dividend for 9 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Philippe Laffont (Coatue Management), at $290.27M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +164.2% over 5Y.
today you would have $2,655.40▲ +165.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $2,146.18 | $2,113.02 | $1,418.97 | $758.36 | $829.84 | $574.27 | $532.21 | $377.05 | $403.00 | $355.00 | $258.17 | $252.79 | $222.63 | $163.50 | $174.99 | $189.05 | $164.01 | $152.80 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.4% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 12.8 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BROBrown & Brown Inc | $74.49 | 22.2x | 2.0x | 0.89% | 10.02% | $24.93B |
| LPLALPL Financial Holdings Inc. | $318.85 | 25.5x | 4.4x | 0.38% | 18.59% | $25.11B |
| SYFSynchrony Financial | $75.09 | 7.7x | 1.7x | 1.81% | 20.79% | $24.43B |
| AFRMAffirm Holdings, Inc. | $72.40 |
| P/E | 12.8x | 13.0x | 11.2x | 1.8x | 11.3x | 15.4x | 12.1x | 13.0x | 11.2x | 13.5x | 18.9x | 14.7x | 18.6x | 12.8x | 12.7x | 9.3x | 10.2x | 14.7x | — |
| P/S | 2.5x | 2.9x | 3.1x | 1.1x | 2.3x | 4.3x | 3.1x | 3.4x | 2.8x | 3.1x | 3.2x | 2.2x | 2.5x | 2.1x | 1.5x | 1.4x | 1.7x | 1.9x | — |
| P/B | 1.2x | 1.3x | 1.4x | 1.0x | 1.2x | 1.7x | 1.4x | 1.7x | 1.3x | 1.5x | 1.4x | 1.1x | 1.0x | 1.0x | 0.9x | 1.0x | 1.1x | 1.1x | — |
| EPS | $165.24 | $189.41 | $784.51 | $67.40 | $53.88 | $47.50 | $41.05 | $33.53 | $29.96 | $18.77 | $17.52 | $13.56 | $17.35 | $12.92 | $18.80 | $18.50 | $11.15 | — |
| Dividend yield | 0.38% | 0.37% | 0.33% | 0.27% | 0.28% | 0.23% | 0.29% | 0.30% | 0.38% | 0.31% | 0.34% | 0.46% | 0.47% | 0.54% | 0.73% | 0.69% | 0.63% | 0.73% | 0.72% |
| Payout | 4.81% | 4.81% | 3.63% | 0.50% | 3.20% | 3.49% | 3.52% | 3.90% | 4.32% | 4.17% | 6.39% | 6.85% | 8.85% | 6.92% | 9.29% | 6.38% | 6.49% | 10.76% | — |
| Profit margin | 18.76% | 23.12% | 28.46% | 61.03% | 21.61% | 28.82% | 26.38% | 26.48% | 24.88% | 20.47% | 17.06% | 15.11% | 13.15% | 16.56% | 11.96% | 14.61% | 16.35% | 12.73% | 11.30% |
| ROE | 10.20% | 9.92% | 12.49% | 53.94% | 11.36% | 11.54% | 11.63% | 12.75% | 11.47% | 9.71% | 7.49% | 7.33% | 5.16% | 8.06% | 7.12% | 10.48% | 11.14% | 7.46% | 6.31% |
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+40.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 13.3x |
| 4.5x |
| 0.00% |
| 45.13% |
| $24.43B |
| RFRegions Financial Corp | $28.40 | 11.0x | 1.5x | 4.23% | 12.38% | $24.19B |
| MKLMarkel Group Inc | $1,905.39 | 10.3x | 1.2x | 0.00% | 12.46% | $23.61B |
