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FIRST CITIZENS BANCSHARES INC /DE/ FCNCA

Nasdaq · stock · State Commercial Banks · website · IPO 1986-10-22

FIRST CITIZENS BANCSHARES INC /DE/ statistics & valuation

Market cap$23.8B
P / E10.8×
P / S2.5×
P / B1.1×
P / FCF10.8×
Dividend yield0.68%
Net margin23.1%
Return on equity9.9%
FCF margin23.2%
Net debt$35.8B
Enterprise value USD$59.6B
Graham number +11%$2,521.65

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($2,521.65); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.60% 61.00% 28.50% 23.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.50% 9.70% 11.50% 12.80% 11.60% 11.50% 11.40% 53.90% 12.50% 9.90% 2016201720182019202020212022202320242025
Shares outstanding
12.0M 12.0M 11.9M 11.1M 10.1M 9.8M 15.5M 14.5M 14.3M 13.0M 2016201720182019202020212022202320242025
Net debt ($)
$293.2M $534.1M -$7.6M $211.9M -$3.02B -$7.83B $4.46B $37.17B $36.68B $35.78B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.70% 0.90% 1.10% 1.10% 1.00% 0.90% 1.00% 5.40% 1.20% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
51.90% 12.00% 26.20% 23.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.28× 0.26× 0.09× 0.16× 0.30× 0.25× 0.46× 1.75× 1.65× 1.61× 2016201720182019202020212022202320242025
EPS ($)
$47.50 $53.88 $67.40 $784.51 $189.41 $165.24 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST CITIZENS BANCSHARES INC /DE/ trades at about 13.7× earnings — near its 10-year norm (10-year range 1.9×–14.5×, median 12.5×).

1.9× 14.5×

Shaded band = 10-year range (1.9×–14.5×); dot = today's 13.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin23.1%28.5%61.0%21.6%——————
FCF margin23.2%26.2%12.0%51.9%——————
Return on assets1.0%1.2%5.4%1.0%0.9%1.0%1.1%1.1%0.9%0.7%
Return on equity9.9%12.5%53.9%11.4%11.5%11.6%12.8%11.5%9.7%7.5%
Debt / equity1.61×1.65×1.75×0.46×0.25×0.30×0.16×0.09×0.26×0.28×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.