FIRST CITIZENS BANCSHARES INC /DE/
At today's price, FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA) is priced for 11.7% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
First Citizens trades at about 1.2x book at $2,073.30, which prices a sustained return on equity near 11.7% against a recently-earned figure of about 10.6%; the inversion reads that as within range, and the asset, earnings-power, and relative-multiple families all support the price while only the growth-DCF says expensive. Capital allocation is the standout: in early 2026 the bank returned about $900 million via buybacks, prepaid $2.50 billion of its Purchase Money Note, and retired roughly 9.2
Is FCNCA overvalued? See what's priced in →
584 institutional managers reported holding FCNCA in 13F filings for the quarter ended 2026-03-31. Together they hold about 56% of the company; the top 10 hold 35%. 52 opened new positions that quarter. Held by BlackRock, Harris Associates (Oakmark), Vanguard Group, among others. On the short side, 588k shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (7.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FCNCA's share count grew 21.5% over the past five years even with $6.81B spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 8 years straight; the current rate is $7.95 a share annually. Cash returned over the past three years: $435.00M in dividends and $5.57B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FCNCA over the trailing three years: 2023: 6 buys totaling $323k; 2024: 6 buys totaling $2.67M; 2025: 27 buys totaling $4.60M; 2026: 10 buys totaling $2.72M. 8 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FCNCA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +3.0% | -7.3% |
| 2023-11-04 | +3.7% | -3.4% |
| 2024-02-24 | +6.0% | +14.4% |
| 2024-05-10 | +0.1% | +0.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FCNCA's latest 8-K filings: 2026-05-07 (items 5.07, 9.01); 2026-04-23 (items 2.02, 7.01, 9.01); 2026-03-03 (items 8.01, 9.01); 2026-02-05 (items 3.03, 5.03, 8.01, 9.01); 2026-01-23 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.