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Last $263.45 USD
Change Today +0.41 / 0.16%
Volume 38.0K
As of 8:10 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

first citizens bcshs -cl a (FCNCA) Snapshot

Open
$265.00
Previous Close
$263.04
Day High
$265.19
Day Low
$261.01
52 Week High
12/10/14 - $271.97
52 Week Low
10/10/14 - $206.14
Market Cap
3.1B
Average Volume 10 Days
72.2K
EPS TTM
$14.28
Shares Outstanding
11.0M
EX-Date
06/11/15
P/E TM
18.4x
Dividend
$1.20
Dividend Yield
0.46%
Current Stock Chart for FIRST CITIZENS BCSHS  -CL A (FCNCA)

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first citizens bcshs -cl a (FCNCA) Details

First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include demand, checking, savings, and time deposits, as well as money market accounts. The company’s loan products portfolio comprises commercial construction and land development loans; commercial mortgage loans, commercial and industrial loans, and lease financing; other commercial real estate loans; revolving mortgage loans; consumer loans; and residential mortgage, and noncommercial construction and land development loans. It also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment services, including annuities, discount brokerage services, and third-party mutual funds, as well as investment advisory services; and title insurance products. The company offers its products and services through its branch network, as well as through online banking, telephone banking, mobile banking, and various ATM networks. As of December 31, 2014, it operated 572 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and the District of Columbia. The company was founded in 1898 and is headquartered in Raleigh, North Carolina.

5,866 Employees
Last Reported Date: 02/25/15
Founded in 1898

first citizens bcshs -cl a (FCNCA) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $955.0K
President, Director and Director of First Cit...
Total Annual Compensation: $358.7K
Chief Financial Officer and Chief Financial O...
Total Annual Compensation: $272.4K
Chief Operating Officer and Chief Operating O...
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2014.

first citizens bcshs -cl a (FCNCA) Key Developments

First Citizens Bancshares Hires Brent Ciliano as Chief Investment Officer

First Citizens BancShares has hired Brent Ciliano to be its chief investment officer. Ciliano will lead the company's capital management group and chair its wealth management investment strategy committee. Ciliano previously was the CIO at advisory firm Congress Capital Partners. He has also led portfolio strategy groups at Goldman Sachs Asset Management, SEI and MLIM (now BlackRock) and worked in global mergers and acquisitions at Merrill Lynch.

First Citizens BancsShares Inc. Reports Unaudited Consolidated Earnings for the First Quarter Ended March 31, 2015; Announces Net charge-offs for the First Quarter Ended March 31, 2015

First Citizens BancsShares Inc. reported unaudited consolidated earnings for the first quarter ended March 31, 2015. For the quarter, the company reported interest income of $231,510,000 against $173,394,000 for the same period a year ago. Net interest income was $220,165,000 against $160,931,000 for the same period a year ago. The increase was primarily due to a $3.5 million decrease in interest expense as a result of lower borrowing costs, a reduction in deposit funding costs and the redemption of a trust preferred borrowing on December 31, 2014. Interest income decreased $0.6 million due to fewer days in the current quarter than the prior quarter, offset by recent growth in the loan portfolio. Income before income taxes was $101,491,000 against $34,118,000 for the same period a year ago. Net income was $63,816,000 against $22,479,000 for the same period a year ago. Net income per share was $5.31 against $2.34 for the same period a year ago. When comparing net income for the first quarter of 2015 to the same period of 2014, the $41.3 million increase was primarily driven by the impact of the Bancorporation merger and the CCBT acquisition gain referenced above. The impact of the acquisitions is reflected in BancShares' financial results from the respective acquisition dates. Return on average assets was 0.85% against 0.42% for the same period a year ago. Return on average equity was 9.50% against 9.20% for the same period a year ago. The company's net charge-offs remained low at $4.7 million, or 0.10% of total loans and leases, for the first quarter of 2015, unchanged from the fourth quarter of 2014.

First Citizens Bank Announces New Regional Leadership Roles

First Citizens Bank announced new regional leadership positions for four of its top executives. Christine (Chris) Young has been named Central Region Executive for First Citizens Bank. She oversees a network of 65 branches and the business banking teams in the Charlotte Metro and Triangle areas of North Carolina. Marc Horgan has been named a Wealth Regional Managing Director at First Citizens Bank. His responsibilities include the Charlotte Metro area of North Carolina and all of South Carolina. Dennis (Denny) Fingers has been named a Wealth Regional Managing Director at First Citizens Bank. His responsibilities include all North Carolina markets (except Charlotte Metro) and Virginia, West Virginia and Maryland. Brendan Chambers has been named Commercial Banking and Middle Market Sales Director for First Citizens Bank in the Triangle and Charlotte Metro areas of North Carolina and South Carolina Metro areas.

 

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Industry Analysis

FCNCA

Industry Average

Valuation FCNCA Industry Range
Price/Earnings 15.8x
Price/Sales 2.8x
Price/Book 1.1x
Price/Cash Flow 16.1x
TEV/Sales 0.9x
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