First Citizens BancShares (NASDAQ:FCNCA) Releases Quarterly Earnings Results, Beats Estimates By $9.19 EPS

First Citizens BancShares (NASDAQ:FCNCA) posted its quarterly earnings results on Friday. The bank reported $55.37 earnings per share for the quarter, topping the consensus estimate of $46.18 by $9.19, FiscalAI reports. First Citizens BancShares had a net margin of 16.28% and a return on equity of 12.07%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.23 billion.

First Citizens BancShares Stock Up 8.2%

Shares of NASDAQ FCNCA opened at $2,375.84 on Friday. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $2,134.59 and a two-hundred day moving average of $2,087.66. First Citizens BancShares has a 1 year low of $1,735.03 and a 1 year high of $2,429.96.

First Citizens BancShares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $2.25 per share. The ex-dividend date is Monday, November 30th. This is an increase from First Citizens BancShares’s previous quarterly dividend of $2.10. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.4%. First Citizens BancShares’s payout ratio is presently 4.49%.

First Citizens BancShares News Roundup

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

• Positive Sentiment: Quarterly earnings significantly exceeded expectations. First Citizens reported third-quarter 2026 earnings of $55.37 per share, well above consensus estimates ranging from $46.18 to $46.61 and up from $44.62 a year earlier. First Citizens BancShares Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Revenue also topped forecasts. Quarterly revenue was $2.27 billion versus analysts’ expectations of approximately $2.26 billion. The bank posted a 16.28% net margin and 12.07% return on equity, supporting the market’s positive reaction. First Citizens BancShares Quarterly Earnings Results
• Positive Sentiment: A new $1.2 billion share-repurchase plan could support per-share results. The additional buyback authorization signals management’s confidence in the company’s capital position and creates a potential source of future demand for FCNCA shares. First Citizens Stock Climbs on Q3 Beat and Buyback Plan
• Positive Sentiment: The board declared a $2.25 quarterly dividend on both Class A and Class B common stock, payable December 15 to shareholders of record November 30. First Citizens BancShares Declares Dividends
• Neutral Sentiment: The earnings call and additional metric analysis provide investors with further detail on operating trends and management’s outlook, but the supplied reports do not identify a specific new concern or guidance change. First Citizens Q3 2026 Earnings Call Transcript

Wall Street Analyst Weigh In

FCNCA has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $2,550.00 target price on shares of First Citizens BancShares in a research note on Friday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $2,300.00 price target on shares of First Citizens BancShares in a research note on Thursday, July 9th. The Goldman Sachs Group increased their target price on First Citizens BancShares from $2,100.00 to $2,340.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their target price on First Citizens BancShares from $2,450.00 to $2,300.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Finally, Citigroup reiterated a “neutral” rating on shares of First Citizens BancShares in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Citizens BancShares currently has a consensus rating of “Hold” and a consensus target price of $2,280.23.

Insider Transactions at First Citizens BancShares

In other news, major shareholder Olivia Britton Holding sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $19.53, for a total transaction of $136,710.00. Following the sale, the insider owned 15,000 shares of the company’s stock, valued at approximately $292,950. This trade represents a 31.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane Morais bought 50 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $2,168.11 per share, with a total value of $108,405.50. Following the purchase, the director owned 100 shares of the company’s stock, valued at $216,811. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 14.63% of the company’s stock.

About First Citizens BancShares

First Citizens BancShares, Inc is a bank holding company headquartered in Raleigh, North Carolina. Its principal subsidiary, First-Citizens Bank & Trust Company, provides banking and financial services to individuals, businesses, and institutions through a network of branches and digital banking channels.

The bank offers deposit accounts, consumer and residential lending, commercial and industrial loans, commercial real estate financing, equipment finance, treasury management, and payment services.