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First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.
1986
16.0K+
LTM Revenue $9.6B
LTM EBITDA n/a
$65.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
First Citizens Bank has a last 12-month revenue of $9.6B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, First Citizens Bank achieved revenue of $9.7B and an EBITDA of n/a.
First Citizens Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
See First Citizens Bank valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.5B | $8.8B | $9.7B | $9.6B | XXX |
| Gross Profit | n/a | n/a | n/a | XXX | XXX |
| Gross Margin | NaN% | NaN% | NaN% | XXX | XXX |
| EBITDA | n/a | n/a | n/a | n/a | XXX |
| EBITDA Margin | NaN% | NaN% | NaN% | 0% | XXX |
| Net Profit | $1.1B | $11.5B | $2.8B | XXX | XXX |
| Net Margin | 24% | 131% | 29% | XXX | XXX |
| Net Debt | $659M | $2.6B | $14.5B | XXX | XXX |
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As of February 21, 2025, First Citizens Bank's stock price is $2026.
First Citizens Bank has current market cap of $27.5B, and EV of $65.3B.
See First Citizens Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $65.3B | $27.5B | XXX | XXX | XXX | XXX | $191.02 |
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Sign UpAs of February 21, 2025, First Citizens Bank has market cap of $27.5B and EV of $65.3B.
First Citizens Bank's trades at 6.8x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate First Citizens Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for First Citizens Bank and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $65.3B | XXX | XXX | XXX |
| EV/Revenue | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 9.9x | XXX | XXX | XXX |
| P/E/Growth | -1.1x | XXX | XXX | XXX |
| EV/FCF | 44.9x | XXX | XXX | XXX |
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Sign UpFirst Citizens Bank's NTM/LTM revenue growth is -8%
First Citizens Bank's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged n/a for the same period.
Over next 12 months, First Citizens Bank's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate First Citizens Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for First Citizens Bank and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 35% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| RAKBANK | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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First Citizens Bank acquired XXX companies to date.
Last acquisition by First Citizens Bank was XXXXXXXX, XXXXX XXXXX XXXXXX . First Citizens Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 of America. |
| How many employees does First Citizens Bank have? | As of today, First Citizens Bank has 16.0K+ employees. |
| Who is the CEO of First Citizens Bank? | First Citizens Bank's CEO is Mr. Frank B. Holding,Jr. |
| Is First Citizens Bank publicy listed? | Yes, First Citizens Bank is a public company listed on NAS. |
| What is the stock symbol of First Citizens Bank? | First Citizens Bank trades under FCNCA ticker. |
| When did First Citizens Bank go public? | First Citizens Bank went public in 1992. |
| Who are competitors of First Citizens Bank? | Similar companies to First Citizens Bank include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah. |
| What is the current market cap of First Citizens Bank? | First Citizens Bank's current market cap is $27.5B |
| What is the current revenue of First Citizens Bank? | First Citizens Bank's last 12-month revenue is $9.6B. |
| What is the current EV/Revenue multiple of First Citizens Bank? | Current revenue multiple of First Citizens Bank is 6.8x. |
| What is the current revenue growth of First Citizens Bank? | First Citizens Bank revenue growth between 2023 and 2024 was 11%. |
| Is First Citizens Bank profitable? | Yes, First Citizens Bank is EBITDA-positive (as of the last 12 months). |
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