Added to YB: 2024-09-19
Pitch date: 2024-06-30
FCNCA [bullish]
First Citizens BancShares, Inc.
+22.8%
current return
Author Info
No bio for this author
Company Info
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.
Market Cap
$22.5B
Pitch Price
$1.7K
Price Target
N/A
Dividend
0.46%
EV/EBITDA
N/A
P/E
10.81
EV/Sales
N/A
Sector
Banks
Category
special_situation
Harris Associates U.S. Concentrated Strategy New Position: First Citizens BancShares, Inc.
FCNCA: Low-cost deposits, prudent lending, solid financials. CEO Frank Holding drives TBV growth via ops & M&A. 2023 SVB acquisition adds significant value through synergies & growth. Combined co. undervalued vs. peers. Attractive Southeast/West Coast footprint.
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