First Citizens BancShares (NASDAQ:FCNCA) Trading Up 5.7% After Better-Than-Expected Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA)’s stock price rose 5.7% on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $2,209.36 and last traded at $2,196.20. Approximately 67,234 shares traded hands during trading, a decline of 26% from the average session volume of 90,292 shares. The stock had previously closed at $2,077.57.

The bank reported $57.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $56.68. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations 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 Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $8.40 annualized dividend and a yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FCNCA shares. Fundamental Research set a $2,350.00 price target on shares of First Citizens BancShares in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $2,300.00 price objective on shares of First Citizens BancShares in a research note on Thursday, July 9th. TD Cowen dropped their target price on First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Weiss Ratings upgraded First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of First Citizens BancShares in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2,258.85.

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. acquired 528 shares of First Citizens BancShares stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $1,813.37 per share, for a total transaction of $957,459.36. Following the transaction, the chief executive officer owned 64,100 shares in the company, valued at approximately $116,237,017. This trade represents a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have bought 7,190 shares of company stock valued at $12,573,868. 14.63% of the stock is currently owned by corporate insiders.

Institutional Trading of First Citizens BancShares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whitener Capital Management Inc. boosted its holdings in First Citizens BancShares by 10.7% during the second quarter. Whitener Capital Management Inc. now owns 784 shares of the bank’s stock worth $1,631,000 after buying an additional 76 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in shares of First Citizens BancShares by 6.7% in the second quarter. Legacy Wealth Asset Management LLC now owns 224 shares of the bank’s stock valued at $466,000 after buying an additional 14 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of First Citizens BancShares by 7.5% in the second quarter. Reinhart Partners LLC. now owns 84,206 shares of the bank’s stock valued at $175,253,000 after buying an additional 5,909 shares in the last quarter. Cooper Financial Group increased its holdings in shares of First Citizens BancShares by 6.5% in the second quarter. Cooper Financial Group now owns 131 shares of the bank’s stock valued at $273,000 after buying an additional 8 shares in the last quarter. Finally, Balefire LLC acquired a new stake in shares of First Citizens BancShares during the 2nd quarter valued at $223,000. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares Price Performance

The company has a market cap of $25.04 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.67 and a beta of 0.62. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.67. The business has a 50-day moving average price of $2,064.10 and a 200 day moving average price of $2,018.36.

About First Citizens BancShares

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.