First Citizens BancShares, Inc. 6.625% Non-Cumulative Perpetual Preferred Stock, Series E(FCNCN)

$25.51—

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First Citizens BancShares, Inc. 6.625% Non-Cumulative Perpetual Preferred Stock, Series E(FCNCN)

NASDAQ

$25.51—

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FCNCN(FCNCN)

FCNCN

Overview Notebook Intelligence Chart History Fundmntls TTM Earnings Analysts News Financials Segments Insiders Institl.DCF Peers

7/6/26

FIRST CITIZENS BANCSHARES, INC. DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 6.625% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES E (FCNCN)

Monday

2:09 AM

Thesis: Recent trends in non-performing loans and potential regulatory changes have raised concerns about the bank's credit quality and profitability outlook.

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$14.2B	$8.8B	$9.3B
Rev. Growth	-2.3%	-38.2%	+5.3%
EPS	$165.28	$177.83	$199.58
EPS Growth	-12.7%	+7.6%	+12.2%
P/E (fwd)	0.2×	0.1×	0.1×

★ Analysts see FY2027 revenue reaching $9.3B — +5.3% growth in a single year.

What Could Go Wrong

1A recent uptick in non-performing loans could signal potential credit quality issues, impacting investor sentiment negatively.
2Regulatory changes affecting capital requirements and lending practices
3Technological disruption from fintech companies impacting traditional banking models
4Increased competition from larger national banks and online lenders
5Pressure on margins from low-cost digital banking entrants
6High debt levels relative to equity may limit financial flexibility
7Potential liquidity risks in a rising interest rate environment

FY2025 Snapshot

Revenue: $14.2B
Rev. Growth: -2.3%
Gross Margin: 61.5%
Op. Margin: 20.9%
Net Margin: 15.5%
Net Income: $2.2B
NI Growth: -20.6%
EPS: $165.28
1Y Return: +5.0%

FCNCN Chart

My Notes

"Management noted, 'We are closely monitoring our loan portfolio as we navigate a changing economic landscape.'"
Moat: First Citizens benefits from a strong regional presence and customer loyalty, but faces increasing competition from both traditional banks…
Watch: The rise of digital-only banks poses a significant threat to traditional banking models, potentially eroding market share.
dividend - the company offers a consistent dividend yield, appealing to income-focused investors.
Rising interest rates generally improve net interest margins, enhancing profitability.
Watch on earnings: Federal Funds Rate, Loan growth rate, Net interest margin.

One Sentence Summary:

The bear case: a recent uptick in non-performing loans could signal potential credit quality issues, impacting investor sentiment negatively.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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Metric

FY2025

FY2026E

FY2027E

P/E (fwd)

0.2×

0.1×

What Could Go Wrong

1A recent uptick in non-performing loans could signal potential credit quality issues, impacting investor sentiment negatively.

2Regulatory changes affecting capital requirements and lending practices

3Technological disruption from fintech companies impacting traditional banking models

4Increased competition from larger national banks and online lenders

5Pressure on margins from low-cost digital banking entrants

6High debt levels relative to equity may limit financial flexibility

7Potential liquidity risks in a rising interest rate environment

My Notes

"Management noted, 'We are closely monitoring our loan portfolio as we navigate a changing economic landscape.'"

Moat: First Citizens benefits from a strong regional presence and customer loyalty, but faces increasing competition from both traditional banks…

Watch: The rise of digital-only banks poses a significant threat to traditional banking models, potentially eroding market share.

dividend - the company offers a consistent dividend yield, appealing to income-focused investors.

Rising interest rates generally improve net interest margins, enhancing profitability.

Watch on earnings: Federal Funds Rate, Loan growth rate, Net interest margin.