First Citizens BancShares (FCNCA, Financial) experienced a significant stock price increase of 3.10%. The shares are currently valued at $2,000 each, with a trading volume of 29,636 shares and a turnover rate of 0.20%. The stock showed a price fluctuation of 3.25%.
Recent financial reports indicate that First Citizens BancShares achieved a revenue of $3.767 billion and a net profit of $707 million, resulting in earnings per share of $47.54 and a price-to-earnings ratio of 10.99. Among the 12 institutions covering the stock, 58% recommend buying, while 42% suggest holding, with no sell recommendations.
Within the banking sector, where First Citizens BancShares operates, the overall growth was 0.85%. Notably, stocks such as Fanhua Financial, Summit State Bank, and Citizens Financial Services, Inc. showed significant gains. Meanwhile, HMN Financial, Alerus Financial Corporation, and Hope Bancorp, Inc. registered active trades with turnover rates of 2.42%, 1.45%, and 1.10% respectively. Stocks with large fluctuations include Fanhua Financial, Hanover Bancorp, Inc., and Kentucky First Bank, with volatility rates of 21.32%, 9.34%, and 9.26% respectively.
First Citizens BancShares is the bank holding company for First Citizens Bank & Trust Company. Originally established as Bank of Smithfield in North Carolina, it has expanded through branch openings and acquisitions, now operating in nearly half of the U.S., predominantly attracting deposits in North and South Carolina. The bank’s operations are historically influenced by the controlling family, who hold significant positions and a large portion of issued stocks. First Citizens BancShares offers comprehensive retail and commercial banking services, including traditional lending, deposits, trust, and wealth management, with net interest income being the primary revenue source.
