First Citizens BancShares (FCNCA) Stock Analysis

November 11, 2026

This is a peer-relative look at First Citizens BancShares (FCNCA): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for First Citizens BancShares (FCNCA)
Profile Item	FCNCA
Name	First Citizens BancShares, Inc. Class A Common Stock
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Diversified Banks
Market Capitalization	25.15 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	October 22, 1986
Security Type	Common Stock

Price Performance

Cumulative Growth

FCNCA

GSPC

First Citizens BancShares (FCNCA) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for First Citizens BancShares (FCNCA) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for First Citizens BancShares (FCNCA) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
Total Return (1Y)	27.07%	30.28%
Total Return (3Y, Annualized)	18.91%	26.57%
Total Return (5Y, Annualized)	22.86%	9.43%

Risk Profile

Drawdown History

FCNCA

GSPC

First Citizens BancShares (FCNCA) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for First Citizens BancShares (FCNCA) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
Volatility (1Y, Annualized)	27.19%	24.34%
Beta (5Y)	0.61	0.72
Max Drawdown (5Y)	-43.60%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FCNCA is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
Sharpe Ratio (1Y)	0.84	1.08
Sortino Ratio (1Y)	1.24	1.61

Profitability

ROE (TTM)

First Citizens BancShares (FCNCA) posts ROE of 10.98%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

FCNCA

Banks industry group

10.98%

Group distribution

Max: 19.84%
Q3: 13.67%
Median: 11.49%
FCNCA: 10.98%
Q1: 9.50%
Min: 3.64%

Largest peers

JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
FCNCA: 10.98%
BAC: 10.73%
MUFG: 9.46%

Where First Citizens BancShares (FCNCA) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

First Citizens BancShares (FCNCA) keeps 25.21% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

FCNCA

Banks industry group

25.21%

Group distribution

Max: 47.19%
Q3: 35.25%
Median: 31.21%
Q1: 27.11%
FCNCA: 25.21%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
RY: 33.87%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%
FCNCA: 25.21%

Where First Citizens BancShares (FCNCA) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for First Citizens BancShares (FCNCA) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
ROE (TTM)	10.98%	11.49%
ROA (TTM)	1.01%	1.24%
Net Margin (TTM)	25.21%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

First Citizens BancShares (FCNCA) grew revenue -2.61%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

First Citizens BancShares (FCNCA): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

First Citizens BancShares (FCNCA) grew earnings per share -12.76%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

First Citizens BancShares (FCNCA): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
Revenue Growth (YoY)	-2.61%	11.23%
Revenue Growth (3Y CAGR)	26.91%	6.33%
EPS Growth (YoY)	-12.76%	16.14%
EPS Growth (3Y CAGR)	34.84%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for First Citizens BancShares (FCNCA) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for First Citizens BancShares (FCNCA) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

First Citizens BancShares (FCNCA) has dividend yield of 0.36%, in the lower peer-yield quartile. Dividend income is lighter than at most industry peers, which may reflect a greater tilt toward reinvestment, buybacks, or growth.

FCNCA

Banks industry group

0.36%

Group distribution

Max: 5.79%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
FCNCA: 0.36%
Min: 0.00%

Largest peers

MUFG: 406.81%
RY: 3.23%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%
FCNCA: 0.36%

Where First Citizens BancShares (FCNCA) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

First Citizens BancShares (FCNCA) has payout ratio of 4.31%, below the peer payout band. More earnings are being kept inside the business, but that is a dividend-policy choice rather than a coverage advantage on its own.

FCNCA

Banks industry group

4.31%

Group distribution

Max: 70.75%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
FCNCA: 4.31%
Min: 0.00%

Largest peers

HSBC: 53.57%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%
FCNCA: 4.31%

Where First Citizens BancShares (FCNCA) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
Dividend Yield (TTM)	0.36%	2.39%
Dividend Payout Ratio (TTM)	4.31%	29.26%

Valuation

P/E Ratio (TTM)

First Citizens BancShares (FCNCA) trades at P/E ratio of 11.68, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

FCNCA

Banks industry group

11.68

Group distribution

Max: 18.16
Q3: 13.75
Median: 11.81
FCNCA: 11.68
Q1: 10.64
Min: 6.49

Largest peers

RY: 17.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
FCNCA: 11.68
HSBC: 11.38

Where First Citizens BancShares (FCNCA) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for First Citizens BancShares (FCNCA) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

First Citizens BancShares (FCNCA) trades at 1.29 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

FCNCA

Banks industry group

1.29

Group distribution

Max: 2.28
Q3: 1.58
Median: 1.32
FCNCA: 1.29
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
MUFG: 1.64
WFC: 1.59
FCNCA: 1.29
BAC: 1.26

Where First Citizens BancShares (FCNCA) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

First Citizens BancShares (FCNCA) metric values compared with Banks industry-group medians
Metric	Current stock: FCNCA	Industry group median
P/E Ratio (TTM)	11.68	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.29	1.32
Free Cash Flow Yield (TTM)	--	--