First Citizens BancShares (FCNCA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Citizens BancShares

NasdaqGS•Financial Services•Banks - Regional

$2,160.42-13.46(-0.01%)Pre-market

Market Cap

$24.46B

P/E

10.4x

P/S

2.5x

P/B

1.1x

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 in the United States and internationally. It operates through the General Bank, Commercial Bank, and Rail segments. The General Bank segment offers deposit products, including checking, savings, money market, and time deposit accounts; conforming and jumbo residential mortgage, and business and commercial loans; brokerage, investment advisory, private stock loans, other secured and unsecured lending products, and vineyard development loans; planning-based financial strategies, family office, financial planning, tax planning, and trust services; and payment and treasury services. This segment also includes a community association bank business that supports deposit, cash management, and lending to homeowner associations and property management companies. Its Commercial Bank segment provides a range of leasing, capital markets, asset management, and other financial and advisory services; factoring, receivable management, supply chain financing, and secured financing services; and commercial deposit products and services through online and mobile banking platforms, as well as physical locations. The Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers. Its railcar types include covered hopper cars used to ship grain and agricultural products, plastic pellets, sand, and cement; tank cars for energy products and chemicals; gondolas for coal, steel coil and mill service products; open-top hopper cars for coal and aggregates; boxcars for paper and auto parts; and centerbeams and flat cars for lumber. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

How this company scores

AverageMetricSide Score: 51/100

Strongest: Profitability (17/25); weakest: Growth (6/25).

Profitability17/25

Growth6/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality17/25

Strengths

Strong marginsCash-backed earningsImproving leverageImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.4x5y range 1.3x – 15.9x

Currently near its 20-quarter median.

P/S · 2.5x5y range 1.4x – 3.0x

Currently near its 7-quarter median.

P/B · 1.1x5y range 0.7x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 100.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Price & Volume

Market Cap $24.46B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.62B
Q. Revenue: $2.43B
TTM EBITDA: $3.47B
TTM Op. Income: $3.16B
Q. Op. Income: $891.00M
TTM Net Income: $2.35B
Q. Net Income: $672.00M
EPS: $55.52
Shares Out.: $11.54M

$9.62B in TTM revenue declined 33.4% YoY, reaching $2.43B last quarter. TTM EBITDA of $3.47B and TTM operating income of $3.16B show growth is flowing through to the bottom line. TTM net income of $2.35B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 36.6%
Op. Margin: 36.6%
Net Margin: 27.6%

Op. margin of 36.6% is up 4.7% YoY — cost efficiency is improving. Net margin at 27.6% Over the past year, operating margin is up 15% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.4x
P/S Ratio: 2.5x
P/B Ratio: 1.1x

At 10.4x P/E, the stock trades below typical market levels. P/S of 2.5x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 4% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $236.84B
Cash: $1.52B
Long-Term Debt: $32.04B
Book Value: $21.90B
D/E Ratio: 1.5
Debt/EBITDA: 36.0

With $236.84B in assets and $32.04B in long-term debt, D/E is 1.5and book value is $21.90B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.04B
TTM Free Cash Flow: $2.46B
FCF Margin: 25.6%
FCF / Net Income: 1.0

TTM FCF of $2.46B on $1.04B in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.