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First Citizens BancShares

FCNCP
46
Banks - Regional · Financial Services
Price
$19.90
-0.04 (-0.20%)
Market Cap
$24.52B
Exchange
NASDAQ Global Select
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 26, 2026 · filings through Jun 30, 2026
How the score breaks down
Growth
Mixed
Valuation
Good
Dividends
Good

Share count rising — dilution

+25.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 9.8M (2021) → 12.4M (2025)

Winston Score History

The full picture

First Citizens BancShares, Inc. serves as the parent company for First-Citizens Bank & Trust Company, furnishing a complete spectrum of retail and commercial banking solutions for individuals, businesses, and professionals. Its deposit product range features checking, savings, money market, and time deposit accounts. The company's diverse lending portfolio includes commercial construction and land development loans, commercial mortgages, commercial and industrial loans, lease financing, and Small Business Administration Paycheck Protection Program (PPP) loans. For consumer clients, it offers residential and revolving mortgages, construction and land development loans, auto loans, and various other personal credit options. Beyond traditional banking, First Citizens delivers treasury services, cardholder and merchant services, and comprehensive wealth management. It also provides investment products such as annuities, discount brokerage services, access to third-party mutual funds, and expert investment management and advisory services. Furthermore, the company extends specialized trust and fiduciary offerings, covering defined benefit and defined contribution plans, insurance, private banking, philanthropic services, and special asset management. These services are accessible through its extensive branch network, alongside digital banking, telephone banking, and various ATM networks. By December 31, 2021, First Citizens operated 529 branches spanning nineteen states: Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin. Founded in 1898, First Citizens BancShares, Inc. is headquartered in Raleigh, North Carolina.

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
-1.3%
Shrinking sales (-1.3% YoY)
Profit growth
EPS YoY
+10.4%
Earnings growing (+10.4% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
11.7x
Attractive valuation — P/E 11.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-0.6
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
6.75%
Healthy income — 6.75% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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