These Analysts Slash Their Forecasts On First Citizens BancShares Following Q4 Results

Benzinga01-27

First Citizens BancShares Inc (NASDAQ:FCNCA) reported upbeat earnings for the fourth quarter on Friday.

The company posted quarterly earnings of $51.27 per share which beat the analyst consensus estimate of $43.91 per share. The company reported quarterly sales of $2.435 billion which beat the analyst consensus estimate of $2.289 billion.

Chairman and CEO Frank B. Holding, Jr. said: “We delivered solid return metrics in the fourth quarter while credit quality remained stable and we achieved strong loan growth, led by Global Fund Banking. We returned an additional $900 million of capital to our stockholders during the quarter through share repurchases and prepaid $2.5 billion of the Purchase Money Note. Our capital and liquidity positions remain strong. We are excited about our prospects for 2026.”

First Citizens BancShares shares rose 0.1% to trade at $2,017.12 on Monday.

These analysts made changes to their price targets on First Citizens BancShares following earnings announcement.

  • Barclays analyst Jason Goldberg maintained First Citizens BancShares with an Equal-Weight rating and lowered the price target from $2,456 to $2,346.
  • Citigroup analyst Benjamin Gerlinger maintained the stock with a Neutral and cut the price target from $2,250 to $2,100.
  • TD Cowen analyst Steven Alexopoulos maintained the stock with a Buy and slashed the price target from $2,600 to $2,500.

Considering buying FCNCA stock? Here’s what analysts think:

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