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First Citizens Bancshares Inc

First Citizens BancShares, Inc. is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol FCNCA. It is the parent company of First Citizens Bank, which is one of the largest family-controlled banks in the United States.

Here are some key points to know about First Citizens BancShares, Inc.:

1. History: First Citizens BancShares, Inc. was founded in 1898 as First Citizens Bank and Trust Company. Over the years, it has grown through a series of mergers and acquisitions to become one of the largest banks in the southeastern United States.

2. Operations: First Citizens Bank offers a range of financial services, including retail and commercial banking, wealth management, and mortgage lending. It operates in 19 states, primarily in the southeast, with over 500 branches and 1,100 ATMs.

3. Financials: As of December 31, 2022, First Citizens BancShares, Inc. had total assets of $51.5 billion, total loans of $33.7 billion, and total deposits of $41.2 billion. Its net income for the year 2022 was $309.2 million.

4. Leadership: The current CEO of First Citizens BancShares, Inc. is Frank B. Holding Jr. He has been in this role since 2004 and has been instrumental in leading the bank's growth and expansion.

5. Performance: First Citizens BancShares, Inc. has consistently delivered strong financial performance over the years. In 2022, it was named to Fortune magazine's list of 100 Fastest-Growing Companies for the third consecutive year. It also received recognition for its customer satisfaction, including a top rating from Greenwich Associates for its small business banking services.

6. Stock performance: First Citizens BancShares, Inc.'s stock has generally trended upwards over the years, with some fluctuations in response to market conditions. It has a market capitalization of around $6.2 billion as of March 2023.

7. Dividend policy: First Citizens BancShares, Inc. has a history of paying consistent dividends to its shareholders. In 2022, it declared a quarterly dividend of $0.40 per share, which represented a 22.7% increase over the previous year.

8. Corporate social responsibility: First Citizens BancShares, Inc. has a strong commitment to corporate social responsibility. It supports various community development initiatives, philanthropic efforts, and volunteer programs in the markets it serves.

9. Governance: First Citizens BancShares, Inc. has a board of directors that includes experienced professionals from various industries. The board is responsible for overseeing the company's strategy, risk management, and corporate governance practices.

10. Analyst coverage: First Citizens BancShares, Inc. is covered by a number of financial analysts who provide research reports and recommendations to investors. Some of the prominent analysts covering the stock include Stephens, Truist Securities, and Wells Fargo Securities.

Overall, First Citizens BancShares, Inc. is a well-established bank holding company with a long history, strong financial performance, and a commitment to responsible corporate practices. As with any publicly traded company, its stock performance may fluctuate based on various market and economic factors. Therefore, investors should conduct thorough research and consult with financial advisors before making any investment decisions.