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First Citizens Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for First Citizens Bank and similar public comparables like Banco BPM, China Minsheng Bank, Abu Dhabi Islamic Bank, Public Bank and more.
First Citizens Bank Overview
About First Citizens Bank
First Citizens BancShares Inc. is a Raleigh, N.C.-based financial holding company operating through its subsidiary, First-Citizens Bank & Trust Company. It provides comprehensive retail banking, commercial lending, leasing, and wealth management services via a nationwide branch network and digital platforms. In 2023 acquisition of Silicon Valley Bank, it also specializes in banking for tech, healthcare, and innovation firms.
Founded
1986
HQ

Employees
18.1K
Website
Sectors
Financials (FY)
EV
$61B
First Citizens Bank Financials
First Citizens Bank reported last fiscal year revenue of $9B.
In the same fiscal year, First Citizens Bank generated $2B in net income.
Revenue (LTM)
First Citizens Bank P&L
In the most recent fiscal year, First Citizens Bank reported revenue of $9B and net income of $2B.
First Citizens Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $9B | XXX | XXX | XXX |
| Net Profit | — | XXX | $2B | XXX | XXX | XXX |
| Net Margin | — | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $15B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
First Citizens Bank Stock Performance
First Citizens Bank has current market cap of $23B, and enterprise value of $61B.
Market Cap Evolution
First Citizens Bank's stock price is $1,964.54.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $61B | $23B | 0.0% | XXX | XXX | XXX | $186.43 |
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Start Free TrialFirst Citizens Bank Valuation Multiples
First Citizens Bank trades at 6.5x EV/Revenue multiple.
EV / Revenue (LTM)
First Citizens Bank Financial Valuation Multiples
As of April 19, 2026, First Citizens Bank has market cap of $23B and EV of $61B.
Equity research analysts estimate First Citizens Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
First Citizens Bank has a P/E ratio of 10.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV (current) | $61B | XXX | $61B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 6.5x | XXX | XXX | XXX |
| P/E | — | XXX | 10.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 44.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified First Citizens Bank Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


First Citizens Bank Margins & Growth Rates
First Citizens Bank's revenue in the last fiscal year declined by (3%).
First Citizens Bank's revenue per employee in the last FY averaged $0.5M.
First Citizens Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (3%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
First Citizens Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| First Citizens Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Banco BPM | XXX | XXX | XXX | XXX | XXX | XXX |
| China Minsheng Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Public Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Hana Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
First Citizens Bank M&A Activity
First Citizens Bank acquired XXX companies to date.
Last acquisition by First Citizens Bank was on XXXXXXXX, XXXXX. First Citizens Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by First Citizens Bank
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFirst Citizens Bank Investment Activity
First Citizens Bank invested in XXX companies to date.
First Citizens Bank made its latest investment on XXXXXXXX, XXXXX. First Citizens Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by First Citizens Bank
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout First Citizens Bank
| When was First Citizens Bank founded? | First Citizens Bank was founded in 1986. |
| Where is First Citizens Bank headquartered? | First Citizens Bank is headquartered in United States. |
| How many employees does First Citizens Bank have? | As of today, First Citizens Bank has over 18K employees. |
| Who is the CEO of First Citizens Bank? | First Citizens Bank's CEO is Frank B. Holding. |
| Is First Citizens Bank publicly listed? | Yes, First Citizens Bank is a public company listed on Nasdaq. |
| What is the stock symbol of First Citizens Bank? | First Citizens Bank trades under FCNCN ticker. |
| When did First Citizens Bank go public? | First Citizens Bank went public in 1986. |
| Who are competitors of First Citizens Bank? | First Citizens Bank main competitors are Banco BPM, China Minsheng Bank, Abu Dhabi Islamic Bank, Public Bank. |
| What is the current market cap of First Citizens Bank? | First Citizens Bank's current market cap is $23B. |
| What is the current revenue of First Citizens Bank? | First Citizens Bank's last fiscal year revenue is $9B. |
| What is the current EV/Revenue multiple of First Citizens Bank? | Current revenue multiple of First Citizens Bank is 6.5x. |
| Is First Citizens Bank profitable? | No, First Citizens Bank is not profitable. |
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