First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) released its quarterly earnings data on Friday. The bank reported $55.37 EPS for the quarter, beating analysts’ consensus estimates of $46.18 by $9.19, FiscalAI reports. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.23 billion. First Citizens BancShares had a net margin of 16.28% and a return on equity of 12.07%.
First Citizens BancShares Stock Performance
FCNCA stock traded up $179.08 during midday trading on Friday, reaching $2,375.84. 298,540 shares of the company were exchanged, compared to its average volume of 63,034. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.62 and a beta of 0.58. The business has a 50-day moving average price of $2,134.59 and a two-hundred day moving average price of $2,087.66. First Citizens BancShares has a one year low of $1,735.03 and a one year high of $2,429.96. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 1.00.
First Citizens BancShares Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $2.25 dividend. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $2.10. This represents a $9.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 30th. First Citizens BancShares’s dividend payout ratio is currently 4.49%.
Insider Activity at First Citizens BancShares
In other news, major shareholder Olivia Britton Holding sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $19.53, for a total value of $136,710.00. Following the transaction, the insider owned 15,000 shares of the company’s stock, valued at approximately $292,950. This represents a 31.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane E. Morais bought 50 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $2,168.11 per share, for a total transaction of $108,405.50. Following the transaction, the director directly owned 100 shares of the company’s stock, valued at $216,811. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 14.63% of the company’s stock.
More First Citizens BancShares News
Here are the key news stories impacting First Citizens BancShares this week:
- Positive Sentiment: Quarterly earnings significantly exceeded expectations. First Citizens reported third-quarter 2026 earnings of $55.37 per share, well above consensus estimates ranging from $46.18 to $46.61 and up from $44.62 a year earlier. First Citizens BancShares Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: Revenue also topped forecasts. Quarterly revenue was $2.27 billion versus analysts’ expectations of approximately $2.26 billion. The bank posted a 16.28% net margin and 12.07% return on equity, supporting the market’s positive reaction. First Citizens BancShares Quarterly Earnings Results
- Positive Sentiment: A new $1.2 billion share-repurchase plan could support per-share results. The additional buyback authorization signals management’s confidence in the company’s capital position and creates a potential source of future demand for FCNCA shares. First Citizens Stock Climbs on Q3 Beat and Buyback Plan
- Positive Sentiment: The board declared a $2.25 quarterly dividend on both Class A and Class B common stock, payable December 15 to shareholders of record November 30. First Citizens BancShares Declares Dividends
- Neutral Sentiment: The earnings call and additional metric analysis provide investors with further detail on operating trends and management’s outlook, but the supplied reports do not identify a specific new concern or guidance change. First Citizens Q3 2026 Earnings Call Transcript
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on FCNCA. Jefferies Financial Group reissued a “hold” rating and issued a $2,550.00 target price on shares of First Citizens BancShares in a research note on Friday. Wall Street Zen raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. JPMorgan Chase & Co. cut their price objective on First Citizens BancShares from $2,450.00 to $2,300.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Truist Financial boosted their price objective on First Citizens BancShares from $2,150.00 to $2,323.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Finally, UBS Group began coverage on First Citizens BancShares in a research report on Monday, September 14th. They issued a “neutral” rating and a $2,250.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2,280.23.
View Our Latest Research Report on First Citizens BancShares
First Citizens BancShares Company Profile
First Citizens BancShares, Inc is a bank holding company headquartered in Raleigh, North Carolina. Its principal subsidiary, First-Citizens Bank & Trust Company, provides banking and financial services to individuals, businesses, and institutions through a network of branches and digital banking channels.
The bank offers deposit accounts, consumer and residential lending, commercial and industrial loans, commercial real estate financing, equipment finance, treasury management, and payment services.
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