First Citizens BancShares (NASDAQ:FCNCA) Reaches New 12-Month High After Better-Than-Expected Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA) hit a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $2,237.82 and last traded at $2,201.3460, with a volume of 11334 shares trading hands. The stock had previously closed at $2,212.77.

The bank reported $57.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $56.68. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, August 31st. First Citizens BancShares’s dividend payout ratio is presently 4.83%.

Trending Headlines about First Citizens BancShares

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: First Citizens BancShares reported Q2 2026 EPS of $57.09, far above Wall Street expectations, and revenue of $2.24 billion also topped estimates. The big earnings beat points to stronger profitability than investors were expecting. First Citizens BancShares Reports Second Quarter 2026 Earnings
• Positive Sentiment: Management’s Q2 update and earnings call highlights suggest the quarter showed strong operating performance and solid execution, reinforcing the upbeat reaction to the results. First Citizens BancShares Inc (FCNCA) Q2 2026 Earnings Call Highlights: Strong Performance Amid …
• Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, payable September 15 to shareholders of record on August 31. That keeps the company’s capital return program in place and may support investor sentiment. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Several follow-up articles focused on the same earnings release and compared key metrics with estimates, but they did not add materially new information beyond the strong Q2 beat. First Citizens (FCNCA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Analysts Set New Price Targets

FCNCA has been the subject of a number of research analyst reports. Piper Sandler set a $2,050.00 price target on First Citizens BancShares in a report on Friday, April 24th. Zacks Research raised shares of First Citizens BancShares from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $2,300.00 target price on shares of First Citizens BancShares in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of First Citizens BancShares from $2,150.00 to $2,350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Fundamental Research set a $2,350.00 price objective on shares of First Citizens BancShares in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Hold” and an average price target of $2,251.15.

Insider Activity

In other news, CEO Frank B. Holding, Jr. bought 528 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $1,813.37 per share, with a total value of $957,459.36. Following the purchase, the chief executive officer owned 64,100 shares in the company, valued at approximately $116,237,017. The trade was a 0.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 7,190 shares of company stock valued at $12,573,868. 14.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Citizens BancShares

Several institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of First Citizens BancShares during the fourth quarter worth about $26,000. Reflection Asset Management purchased a new position in shares of First Citizens BancShares in the fourth quarter valued at approximately $45,000. Global Assets Advisory LLC acquired a new position in shares of First Citizens BancShares in the first quarter valued at approximately $45,000. UMB Bank n.a. grew its holdings in shares of First Citizens BancShares by 50.0% in the fourth quarter. UMB Bank n.a. now owns 24 shares of the bank’s stock valued at $52,000 after purchasing an additional 8 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in First Citizens BancShares during the 4th quarter worth approximately $56,000. 78.01% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Stock Performance

The stock has a market capitalization of $25.49 billion, a PE ratio of 12.63, a P/E/G ratio of 1.57 and a beta of 0.62. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day moving average is $2,059.46 and its two-hundred day moving average is $2,017.36.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.