Company Description
First Citizens BancShares, Inc. is a bank holding company, which provides retail and commercial banking services through its subsidiaries. The company operates under the following segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking delivers services to individuals...
First Citizens BancShares, Inc. is a bank holding company, which provides retail and commercial banking services through its subsidiaries. The company operates under the following segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking delivers services to individuals through branch networks. The Commercial Banking provides lending, leasing and other financial and advisory services to small and middle market companies. The Rail segment deals with the provision of equipment leasing and secured financing for railroads and shippers. The Corporate segment is comprised of investment securities and interest bearing cash. The company was founded on August 7, 1986 and is headquartered in Raleigh, NC.
Valuation
P/E Current
12.22
P/E Ratio (with extraordinary items)
15.98
P/E Ratio (without extraordinary items)
15.40
Price to Sales Ratio
4.16
Price to Book Ratio
1.85
Enterprise Value to EBITDA
13.95
Enterprise Value to Sales
4.46
Efficiency
Total Asset Turnover
0.04
Liquidity
Current Ratio
0.30
Profitability
Operating Margin
37.32
Pretax Margin
35.82
Net Margin
27.95
Return on Assets
1.01
Return on Equity
12.21
Return on Total Capital
11.45
Capital Structure
Total Debt to Total Assets
3.17
Officers and Executives
| Name | Age | Officer Since | Title |
|---|---|---|---|
| Mr. Frank B. Holding | 59 | 1993 | Chairman, Chief Executive & Administration Officer |
| Mr. Peter M. Bristow | 54 | 2014 | President, Director & Corporate Sales Executive |
| Mr. Craig Lloyd Nix | 47 | - | Chief Financial Officer |
| Ms. Dorothy F. Ramoneda | 61 | - | Chief Information Officer & Executive VP |
| Mr. Brent Ciliano | - | 2015 | Chief Investment Officer |
Insider Actions
| 12/21/2030 |
Robert E. Mason Director |
200 | 0 | |
| 05/05/2022 |
Robert T. Newcomb Director |
750 | Acquisition at $669.55 per share. | 502,162 |
| 05/02/2022 |
Frank B. Holding Chairman and CEO; Director |
15 | Acquisition at $630 per share. | 9,450 |
| 05/02/2022 |
Frank B. Holding Chairman and CEO; Director |
117 | Acquisition at $630 per share. | 73,710 |
| 05/02/2022 |
Frank B. Holding Chairman and CEO; Director |
138 | Acquisition at $630 per share. | 86,940 |
| 05/02/2022 |
Frank B. Holding Chairman and CEO; Director |
135 | Acquisition at $630 per share. | 85,050 |
| 05/02/2022 |
Frank B. Holding Chairman and CEO; Director |
215 | Acquisition at $630 per share. | 135,450 |
| 05/02/2022 |
Harold Lee Durham Director |
1,000 | Acquisition at $22.65 per share. | 22,650 |
| 04/29/2022 |
Frank B. Holding Chairman and CEO; Director |
45 | Acquisition at $630 per share. | 28,350 |
| 04/29/2022 |
Frank B. Holding Chairman and CEO; Director |
6 | Acquisition at $630 per share. | 3,780 |
| 04/29/2022 |
Craig Lloyd Nix Chief Financial Officer |
300 | Acquisition at $658.96 per share. | 197,688 |
| 03/29/2022 |
Frank B. Holding Chairman and CEO; Director |
45 | Gift at $0 per share. | 0 |
| 03/29/2022 |
Frank B. Holding Chairman and CEO; Director |
45 | Gift at $0 per share. | 0 |
| 03/29/2022 |
Frank B. Holding Chairman and CEO; Director |
45 | Gift at $0 per share. | 0 |
| 03/29/2022 |
Frank B. Holding Chairman and CEO; Director |
855 | Gift at $0 per share. | 0 |
| 03/28/2022 |
Frank B. Holding Chairman and CEO; Director |
43 | Gift at $0 per share. | 0 |
| 03/28/2022 |
Frank B. Holding Chairman and CEO; Director |
43 | Gift at $0 per share. | 0 |
| 03/28/2022 |
Frank B. Holding Chairman and CEO; Director |
43 | Gift at $0 per share. | 0 |
| 03/01/2022 |
Ellen Rose Alemany Vice Chairwoman; Director |
1,678 | Derivative/Non-derivative trans. at $756.55 per share. | 1,269,490 |
| 03/01/2022 |
Marisa J. Harney Chief Credit Officer |
148 | Derivative/Non-derivative trans. at $756.55 per share. | 111,969 |
| 02/24/2022 |
Carson H Brice |
168 | Gift at $0 per share. | 0 |
| 02/24/2022 |
West Ludwig Chief Human Resources Officer |
150 | Acquisition at $725.86 per share. | 108,879 |
| 02/24/2022 |
Carson H Brice |
168 | Gift at $0 per share. | 0 |
| 02/23/2022 |
Harold Lee Durham Director |
2,000 | Acquisition at $24.6 per share. | 49,200 |
| 01/31/2022 |
Carson H Brice |
120 | Gift at $0 per share. | 0 |
| 01/31/2022 |
Jeffery L. Ward Chief Strategy Officer |
172 | Acquisition at $749.66 per share. | 128,941 |
| 01/31/2022 |
Carson H Brice |
25 | Gift at $0 per share. | 0 |
| 01/31/2022 |
Carson H Brice |
120 | Gift at $0 per share. | 0 |
MarketWatch News on FCNCA
-
CIT shares jump 8% premarket
- Ciara Linnane
-
First Citizens-CIT deal expected to close in H1 2021
- Ciara Linnane
-
First Citizens shareholders will own 61% of combined entity, CIT will own about 39%
- Ciara Linnane
-
Combined entity will operate as First Citizens, trade on Nasdaq under ticker 'FCNCA'
- Ciara Linnane
-
First Citizens and CIT to merge in all-stock deal
- Ciara Linnane
-
CIT shareholders to receive 0.0620 shares of First Citizen per each share owned
- Ciara Linnane
-
Four Banks Exposed to U.S. Debt Downgrade
- Barron's Online
-
Tips for avoiding new bank fees and extra charges- John Wordock
-
- MarketWatch
-
First Citizens acquires another failed bank
- Matt Andrejczak
-
Sun American Bank becomes 23rd failure of year
- Wallace Witkowski
-
California bank tested by commercial real estate
- Alistair Barr
-
First Citizens BancShares Q1 net $1.66 vs $1.75
- Tom Bemis
-
First Citizens Q4 earns $19.3 mln vs. $21.3 mln
- Neil Chase
Other News on FCNCA
-
FIR TREE CAPITAL MANAGEMENT LP Buys 2, Sells 3 in 1st Quarter
- GuruFocus.com
-
Top 5 1st Quarter Trades of Michael Price
- GuruFocus.com
-
Notable earnings before Thursday's open
- Seeking Alpha
-
Oakmark Select Fund: Q1 2022 Commentary
- Seeking Alpha
-
Warning: FCNCA is at high risk of performing badly
- Seeking Alpha
-
How to Find Bank-Owned Properties to Invest in
- Motley Fool
- Loading more headlines...
