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. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2020, it operated 542 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: firstcitizens.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2026 | $2154.00 | Buy → Hold | Deutsche Bank |
| 11/20/2025 | $2100.00 → $2200.00 | Outperform → Strong Buy | Raymond James |
| 7/28/2025 | $2150.00 | Overweight → Neutral | Piper Sandler |
| 5/21/2025 | $2050.00 | Hold | Jefferies |
| 5/15/2025 | $2400.00 | Buy | TD Cowen |
| 3/11/2025 | $2250.00 | Neutral → Overweight | Piper Sandler |
| 1/14/2025 | $2500.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/17/2024 | Buy | UBS | |
| 12/9/2024 | $2600.00 | Buy | Deutsche Bank |
| 12/4/2024 | $2100.00 → $2500.00 | Outperform → Mkt Perform | Keefe Bruyette |
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Deutsche Bank downgraded First Citizens BancShares from Buy to Hold and set a new price target of $2,154.00
Raymond James upgraded First Citizens BancShares from Outperform to Strong Buy and set a new price target of $2,200.00 from $2,100.00 previously
Piper Sandler downgraded First Citizens BancShares from Overweight to Neutral and set a new price target of $2,150.00
Jefferies initiated coverage of First Citizens BancShares with a rating of Hold and set a new price target of $2,050.00
TD Cowen initiated coverage of First Citizens BancShares with a rating of Buy and set a new price target of $2,400.00
Piper Sandler upgraded First Citizens BancShares from Neutral to Overweight and set a new price target of $2,250.00
Keefe Bruyette upgraded First Citizens BancShares from Mkt Perform to Outperform and set a new price target of $2,500.00
UBS resumed coverage of First Citizens BancShares with a rating of Buy
Deutsche Bank initiated coverage of First Citizens BancShares with a rating of Buy and set a new price target of $2,600.00
Keefe Bruyette downgraded First Citizens BancShares from Outperform to Mkt Perform and set a new price target of $2,500.00 from $2,100.00 previously
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Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Group adds 6 experts SAN FRANCISCO, May 7, 2026 /PRNewswire/ -- Expanding its already deep bench of sector expertise, Silicon Valley Bank (SVB), a division of First Citizens Bank, announced it has added several new hires to its Life Science and Healthcare team. The expansion of the team further reinforces SVB's ongoing commitment to partnering with and financing companies across the innovation economy, in sectors such as healthtech, biotech, diagnostics and tools. Through its nationwide Life Science and Healthcare practice, the SVB division provides specialized banking services,
Construction and term loan facilities support multi-year growth across front-of-meter, community solar distributed generation markets Solar Landscape, the nation's leading platform for distributed energy infrastructure built on commercial real estate, today announced the closing of a $600 million committed and green-labeled senior debt warehouse facility, supporting forward execution across a growing national pipeline and enabling continued energy deployment at speed and scale. The financing includes a $350 million three-year revolving construction warehouse and a $250 million delayed draw term loan facility with a five-year tenor. The structure represents the largest revolving senior d
Parafin, a leading embedded financial infrastructure company recently named to the 2026 Forbes Fintech 50, today announced the renewal and upsizing of its warehouse credit facility. With Silicon Valley Bank, a division of First Citizens Bank (SVB); EverBank, which joins as a new A-note lender; and Trinity Capital Inc. (NASDAQ:TRIN), the expanded facility increases Parafin's borrowing capacity and reduces its cost of capital. This upsize builds on Parafin's existing $125 million warehouse facility from SVB and Trinity Capital in 2024. Now, the new facility will enable Parafin to deliver even more flexible financing products to small businesses directly within the platforms they already use
Company to Nominate Three New Independent Directors – Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe – for Election at the 2026 Annual Meeting of Stockholders 2026 Annual Meeting of Stockholders Rescheduled to May 14, 2026 WEX (NYSE:WEX) ("WEX" or the "Company"), a global leader in intelligent payment solutions, today announced that it has entered into a cooperation agreement with Impactive Capital Master Fund LP ("Impactive"). Under the terms of the agreement, WEX and Impactive have established a refreshed slate including three new independent directors – Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe (the "New Directors") – for election to the WEX Board of Directors (the "Bo
RALEIGH, N.C., April 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the first quarter of 2026. Chairman and CEO Frank B. Holding, Jr. said: "We are pleased with our first quarter results highlighted by loan and deposit growth, resilient credit quality, and return metrics exceeding our expectations. During the quarter, we returned an additional $900 million of capital to our stockholders through share repurchases, and prepaid $2.50 billion of the Purchase Money Note. Capital and liquidity positions remain strong."FINAN
Same Experiences, New NamesRALEIGH, N.C., April 23, 2026 /PRNewswire/ -- In a continued effort to better serve the financial needs of its clients, First Citizens Bank, a top 20 U.S. bank, today announced plans to expand its commercial banking capabilities and align its brand names later this year. In Q4 2026, financial partner to the innovation economy, private equity and venture capital firms, Silicon Valley Bank (SVB), a division of First Citizens Bank, will rebrand as First Citizens Innovation Banking and First Citizens Fund Banking. CIT Commercial Services, a leading provider of working capital financing, and the Silicon Valley Bank Wine division will rebrand as First Citizens Bank.
RALEIGH, N.C., April 23, 2026 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on June 15, 2026, to holders of record as of May 29, 2026: A quarterly common stock dividend of $2.10 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.A divid
Career banker, Holt Chetwood from Columbia, takes on expanded leadership roleRALEIGH, N.C., April 21, 2026 /PRNewswire/ -- First Citizens Bank, a top 20 U.S. super regional, has named Holt Chetwood as Regional Executive Vice President in an expanded role overseeing its South Region. Chetwood will oversee 55 bank branches across South Carolina and parts of Georgia, including Columbia, Florence, Charleston, Augusta, Ga. and Savannah, Ga. Chetwood will lead operations and client service across business banking and branch banking, serving clients and growing the business across the region.
DALLAS, April 10, 2026 /PRNewswire/ -- First Citizens Bank today announced that veteran banking executive Chris Stringer has been named Area Executive for the Dallas-Fort Worth market, where he will lead business and branch banking operations, and drive continued growth across North Texas. "As the Dallas-Fort Worth region continues to strengthen its position as one of the nation's most dynamic financial and innovation hubs, businesses here are looking for banking partners who understand the local market and can help them grow with confidence," said Matt Kuczkowski, Regional Exec
Financing will support 25 community solar projects in PA, NY, NJ, and IL Dimension Energy (Dimension), a leading community solar developer, owner, and operator, announced it has secured its largest construction and term financing, $650 million, to support a 132MW portfolio of 25 community solar projects in Pennsylvania, New York, New Jersey, and Illinois. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260331891600/en/Dimension's Union Solar project serves over 450 households in Union, NJ. First Citizens Bank, Mitsubishi UFJ Financial Group, Inc. (MUFG), ING Capital LLC, and National Bank of Canada provided $415 million in debt
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Career banker, Holt Chetwood from Columbia, takes on expanded leadership roleRALEIGH, N.C., April 21, 2026 /PRNewswire/ -- First Citizens Bank, a top 20 U.S. super regional, has named Holt Chetwood as Regional Executive Vice President in an expanded role overseeing its South Region. Chetwood will oversee 55 bank branches across South Carolina and parts of Georgia, including Columbia, Florence, Charleston, Augusta, Ga. and Savannah, Ga. Chetwood will lead operations and client service across business banking and branch banking, serving clients and growing the business across the region.
DALLAS, April 10, 2026 /PRNewswire/ -- First Citizens Bank today announced that veteran banking executive Chris Stringer has been named Area Executive for the Dallas-Fort Worth market, where he will lead business and branch banking operations, and drive continued growth across North Texas. "As the Dallas-Fort Worth region continues to strengthen its position as one of the nation's most dynamic financial and innovation hubs, businesses here are looking for banking partners who understand the local market and can help them grow with confidence," said Matt Kuczkowski, Regional Exec
RALEIGH, N.C., Jan. 14, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that Lorie K. Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current Treasurer and 20-year First Citizens Bank veteran, to succeed Rupp as Chief Risk Officer. Rupp's retirement and Eklund's appointment will be effective June 1, 2026, providing time to ensure a smooth transition. Rupp has served as the Chief Risk Officer since March 2017, playing a pivotal role in strengthening the company's risk manageme
Company veteran to lead national Life Science and Healthcare Banking Group; Bill Burkoth tapped to lead East Region SAN FRANCISCO, Nov. 18, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that 28-year company veteran, Megan Scheffel, has been named Head of Life Science and Healthcare Banking. In her role, Scheffel will lead a nationwide team dedicated to providing specialized banking services, debt financing solutions, industry partnerships, and leading market insights to companies and investors across the sector. Based in Washington D.C, she will report to Marc Cadieux, President of Silicon Valley Bank.
RALEIGH, N.C., Nov. 12, 2025 /PRNewswire/ -- First Citizens Wealth, a division of First Citizens Bank serving individuals and institutions, today announced the appointment of Lee Erby as Northern California Market Leader. Based in San Francisco, he reports to Art Saldivar, Senior Director of Regional Wealth for California, and he will lead a team of wealth consultants. Erby is responsible for growing a team serving the needs of high-net-worth individuals and families; the entrepreneurs, founders, investors behind the innovation economy; businesses and corporations; and nonprof
RALEIGH, N.C., Oct. 29, 2025 /PRNewswire/ -- First Citizens Wealth today announced the appointment of Erin McCaskill as Director and Atlanta Market Leader. Based in Atlanta, she reports to Ethan Van Eck, Senior Director of Regional Wealth, and will lead a First Citizens team of wealth consultants. McCaskill is responsible for growing a high-caliber team serving the needs of high-net-worth individuals and families; businesses and corporations; entrepreneurs, founders, investors and nonprofits in the metro Atlanta area. Under her leadership, First Citizens Wealth will further en
RALEIGH, N.C., Sept. 30, 2025 /PRNewswire/ -- First Citizens Bank has named two new Area Executives in South Carolina and Georgia. Justin Rice will oversee the South Carolina Lowcountry region, as well as Savannah, Ga., and JP Connell will be responsible for the Charleston, South Carolina region and surrounding area. Both will lead business, commercial and branch banking operations, serving clients and managing teams in their respective regions. "The Southern coastal economy continues to grow across diversified industries, and more than ever, clients in the region are looking
RALEIGH, N.C., Sept. 29, 2025 /PRNewswire/ -- First Citizens Bank today announced that Rod Versteegh, previously Global Business Unit President at DLL, has joined First Citizens as its new Equipment Finance Executive. "A respected veteran of the finance industry with over 30 years of expertise, Rod's leadership will be an incredible asset," said First Citizens Bank President Peter Bristow in announcing the appointment. "Rod has a clear track record of success that we are eager to build upon," Bristow continued. "He brings with him a fresh perspective and a wealth of knowledge
RALEIGH, N.C., July 22, 2025 /PRNewswire/ -- First Citizens Bank has named Israel Gibbs as Area Executive for the bank's North Florida market to grow its banking business in the state. Gibbs will lead business and branch banking operations in the Jacksonville region. "Israel is a veteran of First Citizens Bank who knows the Florida market well and is highly regarded in the industry and throughout our local communities," said Melinda Perrier, Regional Executive Vice President of the Florida market for First Citizens Bank. "His deep understanding of our clients, along with his i
Michelle Draper, former Silicon Valley Bank CMO and 30-year financial industry veteran, to lead marketing and client experience RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- First Citizens Bank today announced the appointment of Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank. In her role serving the First Citizens enterprise, Draper leads a marketing organization nationwide dedicated to building upon the company's customer-centric vision
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RALEIGH, N.C., April 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the first quarter of 2026. Chairman and CEO Frank B. Holding, Jr. said: "We are pleased with our first quarter results highlighted by loan and deposit growth, resilient credit quality, and return metrics exceeding our expectations. During the quarter, we returned an additional $900 million of capital to our stockholders through share repurchases, and prepaid $2.50 billion of the Purchase Money Note. Capital and liquidity positions remain strong."FINAN
RALEIGH, N.C., April 23, 2026 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on June 15, 2026, to holders of record as of May 29, 2026: A quarterly common stock dividend of $2.10 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.A divid
RALEIGH, N.C., March 31, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced it will report its financial results for the quarter ended March 31, 2026, before the U.S. financial markets open on Thursday, April 23, 2026. BancShares will additionally host a live audio webcast to discuss financial results at 9 a.m. Eastern time on the same day. The investor presentation, along with the link to the webcast, will be available on the company's website at ir.firstcitizens.com prior to the call start time.After the event, a replay of the we
Contends Board Level Change is Required to Address Alarming Share Price Underperformance, Culture of Entrenchment and Widening Valuation Gap Versus Its Closest Peer Nominees Kurt Adams, Ellen Alemany, Ken Cornick and Lauren Taylor Wolfe Each Bring an Owner's Perspective and the Relevant Industry Experience to Strengthen Strategic Oversight, Enhance Capital Allocation and Improve Operational Performance Nominees Have Demonstrated Conviction in WEX's Value Potential and Personally Purchased More Shares Than the Entire Incumbent Board Over the Past Nine Years Impactive Capital, LP, ("Impactive" or "we") together with its affiliates, one of the largest shareholders of WEX Inc. (NYSE:WEX)
RALEIGH, N.C., Jan. 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the fourth quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "We delivered solid return metrics in the fourth quarter while credit quality remained stable and we achieved strong loan growth, led by Global Fund Banking. We returned an additional $900 million of capital to our stockholders during the quarter through share repurchases and prepaid $2.5 billion of the Purchase Money Note. Our capital and liquidity positions remain strong. We a
RALEIGH, N.C., Jan. 23, 2026 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 16, 2026, to holders of record as of February 27, 2026: A quarterly common stock dividend of $2.10 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.
RALEIGH, N.C., Dec. 30, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended December 31, 2025, before the U.S. financial markets open on Friday, January 23, 2026. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://even
RALEIGH, N.C., Oct. 23, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the third quarter of 2025. Chairman and CEO Frank B. Holding, Jr. said: "We delivered solid return metrics in the third quarter as all of our operating segments achieved loan and deposit growth, led by SVB Commercial. Capital and liquidity positions remained strong, enabling us to return an additional $900 million of capital to our stockholders during the quarter through share repurchases as we completed the 2024 plan and commenced repurchases under
RALEIGH, N.C., Oct. 23, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on December 15, 2025, to holders of record as of November 28, 2025: A quarterly common stock dividend of $2.10 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share
RALEIGH, N.C., Oct. 1, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended September 30, 2025, before the U.S. financial markets open on Thursday, October 23, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://ev
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