FCNCA vs. MTB: First Citizens BancShares vs. M&T Bank Stock Comparison
How do First Citizens BancShares (FCNCA) and M&T Bank (MTB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
First Citizens BancShares (FCNCA) and M&T Bank (MTB) both belong to the Banks industry, though FCNCA is classified under Diversified Banks while MTB falls under Regional Banks.
| Profile Item | FCNCA | MTB |
|---|---|---|
| Name | First Citizens BancShares, Inc. Class A Common Stock | M&T Bank Corporation |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Regional Banks |
| Market Capitalization | 25.15 billion USD | 31.23 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | October 22, 1986 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| Total Return (1Y) | 27.07% | 24.05% |
| Total Return (3Y, Annualized) | 18.91% | 27.97% |
| Total Return (5Y, Annualized) | 22.86% | 11.15% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| Volatility (1Y, Annualized) | 27.19% | 21.48% |
| Beta (5Y) | 0.61 | 0.63 |
| Max Drawdown (5Y) | -43.60% | -40.71% |
| Avg. Volume (3M) | 68.57K | 979.16K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| Sharpe Ratio (1Y) | 0.84 | 0.92 |
| Sortino Ratio (1Y) | 1.24 | 1.36 |
Profitability
ROE (TTM)
Both First Citizens BancShares (FCNCA) at 10.98% and M&T Bank (MTB) at 10.60% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
FCNCA
Banks industry group
10.98%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- FCNCA
- 10.98%
- Q1
- 9.50%
- Min
- 3.64%
MTB
Banks industry group
10.60%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- MTB
- 10.60%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
M&T Bank (MTB) at 31.87% keeps about the industry-typical share of revenue as profit, while First Citizens BancShares (FCNCA) at 25.21% retains only a bottom-quartile share.
FCNCA
Banks industry group
25.21%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- FCNCA
- 25.21%
- Min
- 14.93%
MTB
Banks industry group
31.87%
- Max
- 47.19%
- Q3
- 35.25%
- MTB
- 31.87%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for First Citizens BancShares (FCNCA) in Banks and M&T Bank (MTB) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| ROE (TTM) | 10.98% | 10.60% |
| ROA (TTM) | 1.01% | 1.40% |
| Net Margin (TTM) | 25.21% | 31.87% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both First Citizens BancShares (FCNCA) at -2.61% and M&T Bank (MTB) at 4.34% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.
EPS Growth
M&T Bank (MTB) at 16.12% is around its peer norm for EPS growth, while First Citizens BancShares (FCNCA) at -12.76% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| Revenue Growth (YoY) | -2.61% | 4.34% |
| Revenue Growth (3Y CAGR) | 26.91% | 6.33% |
| EPS Growth (YoY) | -12.76% | 16.12% |
| EPS Growth (3Y CAGR) | 34.84% | 13.82% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: First Citizens BancShares (FCNCA) in Banks and M&T Bank (MTB) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: First Citizens BancShares (FCNCA) in Banks and M&T Bank (MTB) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
M&T Bank (MTB) at 2.73% pays a yield in its industry’s typical range, while First Citizens BancShares (FCNCA) at 0.36% falls in the bottom quartile of its peers.
FCNCA
Banks industry group
0.36%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- FCNCA
- 0.36%
- Min
- 0.00%
MTB
Banks industry group
2.73%
- Max
- 5.79%
- Q3
- 3.18%
- MTB
- 2.73%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
M&T Bank (MTB) at 31.35% keeps its payout within the industry’s typical band; First Citizens BancShares (FCNCA) at 4.31% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
FCNCA
Banks industry group
4.31%
- Max
- 70.75%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- FCNCA
- 4.31%
- Min
- 0.00%
MTB
Banks industry group
31.35%
- Max
- 70.75%
- Q3
- 41.28%
- MTB
- 31.35%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| Dividend Yield (TTM) | 0.36% | 2.73% |
| Dividend Payout Ratio (TTM) | 4.31% | 31.35% |
Valuation
P/E Ratio (TTM)
Both First Citizens BancShares (FCNCA) at 11.68 and M&T Bank (MTB) at 11.38 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
FCNCA
Banks industry group
11.68
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- FCNCA
- 11.68
- Q1
- 10.64
- Min
- 6.49
MTB
Banks industry group
11.38
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- MTB
- 11.38
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both First Citizens BancShares (FCNCA) in Banks and M&T Bank (MTB) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
On P/B ratio, both First Citizens BancShares (FCNCA) at 1.29 and M&T Bank (MTB) at 1.24 are valued close to their industries’ norm against book — neither stands out from peers.
FCNCA
Banks industry group
1.29
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- FCNCA
- 1.29
- Q1
- 1.10
- Min
- 0.59
MTB
Banks industry group
1.24
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- MTB
- 1.24
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | FCNCA | MTB |
|---|---|---|
| P/E Ratio (TTM) | 11.68 | 11.38 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.29 | 1.24 |
| Free Cash Flow Yield (TTM) | -- | -- |