First Citizens BancShares (NASDAQ:FCNCA) Issues Quarterly Earnings Results, Beats Expectations By $56.68 EPS

First Citizens BancShares (NASDAQ:FCNCA) released its quarterly earnings results on Thursday. The bank reported $57.09 earnings per share for the quarter, topping the consensus estimate of $0.41 by $56.68, FiscalAI reports. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%.The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion.

First Citizens BancShares Trading Down 0.7%

Shares of FCNCA traded down $16.56 during trading hours on Friday, hitting $2,196.21. The company had a trading volume of 13,772 shares, compared to its average volume of 90,748. First Citizens BancShares has a 52-week low of $1,623.76 and a 52-week high of $2,237.82. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.67. The stock’s 50 day moving average price is $2,059.46 and its 200 day moving average price is $2,017.36. The firm has a market cap of $25.45 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.57 and a beta of 0.62.

First Citizens BancShares Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, August 31st. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.83%.

Analyst Ratings Changes

A number of research analysts recently issued reports on FCNCA shares. Fundamental Research set a $2,350.00 price objective on shares of First Citizens BancShares in a research note on Wednesday, July 1st. Jefferies Financial Group restated a “hold” rating and set a $2,300.00 price objective on shares of First Citizens BancShares in a research report on Thursday. The Goldman Sachs Group upped their target price on First Citizens BancShares from $2,100.00 to $2,340.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 8th. Finally, TD Cowen cut their target price on First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2,251.15.

Key Stories Impacting 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

Insider Buying and Selling at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. purchased 528 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $1,813.37 per share, with a total value of $957,459.36. Following the acquisition, the chief executive officer directly 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. Insiders purchased a total of 7,190 shares of company stock worth $12,573,868 over the last ninety days. Corporate insiders own 14.63% of the company’s stock.

Hedge Funds Weigh In On First Citizens BancShares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp purchased a new position in shares of First Citizens BancShares in the fourth quarter worth $144,000. Symphony Financial Services Inc. bought a new position in shares of First Citizens BancShares in the fourth quarter worth about $223,000. Parallel Advisors LLC increased its holdings in First Citizens BancShares by 8.0% in the 4th quarter. Parallel Advisors LLC now owns 95 shares of the bank’s stock worth $204,000 after acquiring an additional 7 shares in the last quarter. Voleon Capital Management LP bought a new stake in First Citizens BancShares during the 3rd quarter worth approximately $220,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in First Citizens BancShares during the 2nd quarter worth approximately $218,000. Hedge funds and other institutional investors own 78.01% of the company’s stock.

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.