First Citizens BancShares (NASDAQ:FCNCA) Hits New 1-Year High After Earnings Beat

First Citizens BancShares, Inc. (NASDAQ:FCNCA) shares reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $2,237.82 and last traded at $2,201.3460, with a volume of 11334 shares changing hands. The stock had previously closed at $2,212.77.

The bank reported $57.09 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $56.68. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend 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

Wall Street Analyst Weigh In

FCNCA has been the topic of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of First Citizens BancShares in a report on Friday. Zacks Research upgraded First Citizens BancShares from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. TD Cowen reduced their price target on shares of First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. The Goldman Sachs Group increased their price objective on shares of First Citizens BancShares from $2,100.00 to $2,340.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $2,300.00 price objective on shares of First Citizens BancShares in a research note on Thursday, July 9th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2,258.85.

Insider Transactions at First Citizens BancShares

In related news, CEO Frank B. Holding, Jr. purchased 528 shares of First Citizens BancShares stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $1,813.37 per share, for a total transaction of $957,459.36. Following the completion of the transaction, the chief executive officer directly owned 64,100 shares in the company, valued at $116,237,017. This represents a 0.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 7,190 shares of company stock worth $12,573,868 over the last three months. Insiders own 14.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in First Citizens BancShares by 21.7% during the 3rd quarter. Allworth Financial LP now owns 28 shares of the bank’s stock worth $51,000 after acquiring an additional 5 shares during the period. MBL Wealth LLC boosted its position in shares of First Citizens BancShares by 0.8% in the fourth quarter. MBL Wealth LLC now owns 622 shares of the bank’s stock worth $1,335,000 after purchasing an additional 5 shares during the period. Venturi Wealth Management LLC boosted its position in shares of First Citizens BancShares by 2.6% in the first quarter. Venturi Wealth Management LLC now owns 233 shares of the bank’s stock worth $439,000 after purchasing an additional 6 shares during the period. Corient Private Wealth LLC increased its stake in shares of First Citizens BancShares by 0.6% in the second quarter. Corient Private Wealth LLC now owns 1,049 shares of the bank’s stock worth $2,051,000 after purchasing an additional 6 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of First Citizens BancShares by 3.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 242 shares of the bank’s stock worth $519,000 after purchasing an additional 7 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares Stock Down 2.4%

The stock has a market capitalization of $25.04 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.63 and a beta of 0.62. The company’s 50-day moving average price is $2,064.10 and its 200 day moving average price is $2,018.36. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.00 and a current ratio of 1.00.

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.