First Citizens BancShares Under Investigation for Securities Fraud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Should l Buy FCNCA?
Source: Globenewswire
First Citizens BancShares Inc's stock fell by 4.61% as it hit a 20-day low amid concerns over an investigation into potential securities fraud.
The investigation launched by Pomerantz LLP raises significant concerns about First Citizens BancShares and its executives' involvement in unlawful business practices, which could undermine investor confidence. Additionally, the company's recent financial performance has been poor, with a fourth-quarter efficiency ratio of 64.5% that missed analyst expectations, indicating potential profitability issues. The bleak outlook for revenue and net interest income projections further exacerbates market fears, leading to a significant stock drop of 8.49% following the earnings report.
These developments suggest a challenging environment for First Citizens BancShares, as the investigation and disappointing financial results may deter investors and impact future stock performance.
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Analyst Views on FCNCA
Wall Street analysts forecast FCNCA stock price to rise
8 Analyst Rating
4 Buy
4 Hold
0 Sell
Moderate Buy
Current: 1990.980
Low
2000
Averages
2270
High
2500
Current: 1990.980
Low
2000
Averages
2270
High
2500
About FCNCA
First Citizens BancShares, Inc. is the financial holding company for First-Citizens Bank & Trust Company (First Citizens Bank). The Company’s General Bank segment delivers products and services to consumers and businesses through its network of branches and various digital channels. It offers a full suite of deposit products, loans, cash management, private banking and wealth management, payment services, and treasury services. The Commercial Bank segment provides a range of lending, leasing, capital markets, asset management, and other financial and advisory services, primarily to small and middle market companies. The SVB Commercial segment offers products and services to commercial clients and investors across stages, sectors and regions in the innovation ecosystem, as well as private equity and venture capital firms. The Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Citizens Bank Appoints New Area Executive
- Leadership Appointment: First Citizens Bank has appointed veteran banking executive Chris Stringer as Area Executive for the Dallas-Fort Worth market, where he will lead business and branch banking operations to drive further growth in North Texas.
- Market Potential: As the Dallas-Fort Worth region strengthens its position as one of the nation's most dynamic financial and innovation hubs, businesses are increasingly seeking banking partners who understand the local market and can help them grow with confidence.
- Extensive Experience: Stringer brings nearly 30 years of client service experience in the Dallas-Fort Worth area, having previously led commercial banking at Bank OZK with a strong focus on commercial lending, showcasing his ability to build client relationships effectively.
- Company Background: First Citizens Bank operates 9 branches in Texas with approximately 200 associates, and its parent company, First Citizens BancShares, Inc., is a top 20 U.S. financial institution with over $200 billion in assets, reflecting significant market strength.
See More
First Citizens Bank Appoints New Area Executive
- Leadership Appointment: First Citizens Bank has appointed veteran banking executive Chris Stringer as Area Executive for the Dallas-Fort Worth market, where he will lead business and branch banking operations to drive further growth in North Texas.
- Market Potential: As the Dallas-Fort Worth region continues to strengthen its position as one of the nation's most dynamic financial and innovation hubs, the demand for banking partners who understand the local market is increasing, making Stringer's appointment a timely response to this need.
- Extensive Experience: With nearly 30 years of client service experience in the Dallas-Fort Worth area, Stringer previously led commercial banking at Bank OZK, focusing on commercial lending, showcasing his deep background and connections in the sector.
- Company Overview: First Citizens Bank operates 9 branches and three office locations in Texas, employing approximately 200 associates, and as a financial institution with over $200 billion in assets, it is committed to providing comprehensive financial services to personal and business clients.
See More
Dimension Energy Secures $650 Million Financing for Community Solar Projects
- Innovative Financing: Dimension Energy has successfully secured $650 million in construction and term financing to support 25 community solar projects across Pennsylvania, New York, New Jersey, and Illinois, marking a significant enhancement in the company's financing capabilities and expected to accelerate project implementation and expand market share.
- Project Scale and Impact: This financing will support a 132MW portfolio, with the Union Solar project serving over 450 households in New Jersey, directly reducing household utility costs and enhancing community sustainability.
- Strengthened Partnerships: Financial institutions including First Citizens Bank, MUFG, ING Capital, and National Bank of Canada provided $415 million in debt financing, while Franklin Park contributed $235 million in tax equity as a first-time partner, showcasing Dimension's strong appeal and partnership potential in the renewable energy sector.
- Optimistic Market Outlook: As U.S. electricity prices reach historic highs, the value proposition of community solar projects becomes increasingly evident, with Dimension Energy's projects capable of coming online in as little as 18 months, likely further solidifying the company's leadership position in the clean energy market.
See More
First Citizens BancShares to Report Q1 2026 Financial Results
- Earnings Release Schedule: First Citizens BancShares is set to announce its financial results for the quarter ending March 31, 2026, before U.S. markets open on April 23, 2026, reflecting the company's commitment to transparency and investor communication.
- Live Webcast Meeting: The company will host a live audio webcast at 9 a.m. Eastern Time on the same day to engage directly with investors and interpret financial data, thereby enhancing market confidence.
- Investor Materials Preparation: The investor presentation and webcast link will be available on the company's website prior to the call, ensuring timely access to key information and improving information accessibility for investors.
- Company Background Overview: First Citizens BancShares is among the top 20 U.S. financial institutions with over $200 billion in assets, showcasing its strong presence and stability in the financial services sector, further solidifying its market position.
See More
First Citizens BancShares to Report Q1 2026 Financial Results
- Earnings Release Schedule: First Citizens BancShares is set to announce its financial results for the quarter ending March 31, 2026, before U.S. markets open on April 23, 2026, reflecting the company's commitment to transparency and investor communication.
- Live Webcast Meeting: The company will host a live audio webcast at 9 a.m. Eastern Time on the same day to provide investors with direct insights into its performance and future outlook, thereby enhancing investor confidence.
- Investor Relations Focus: After the earnings release, a replay of the webcast will be available on the company's website, demonstrating First Citizens BancShares' commitment to ongoing investor relations management and ensuring information accessibility.
- Company Background: First Citizens BancShares is among the top 20 U.S. financial institutions with over $200 billion in assets, showcasing its robust position in the financial services industry and long-term growth strategy.
See More
Westrock Coffee and First Citizens Executives Increase Stock Holdings
- Westrock Coffee Buy: Director Joe T. Ford purchased 55,000 shares of WEST at $4.60 each on Tuesday, totaling an investment of $253,000, indicating confidence in the company's future profitability despite a 2% decline in stock price on that day.
- Historical Buying Activity: Over the past year, Ford has made six purchases totaling $1.25 million at an average cost of $6.27 per share, reflecting his optimistic view on Westrock Coffee's long-term value, even as the current price is below his average cost.
- First Citizens BancShares Buy: CEO Frank B. Holding Jr. bought 149 shares of FCNCA at $1,550 each on Tuesday, amounting to approximately $230,950, which reflects his confidence in the company's future performance, coinciding with a 2% increase in stock price on that day.
- Historical Buying Activity: Holding Jr. has made three purchases over the past twelve months, totaling $1.96 million at an average cost of $1,657.18 per share, demonstrating his ongoing trust in First Citizens BancShares, even as the current stock price remains above his average cost.
See More
First Citizens Bank Appoints New Area Executive
- Leadership Appointment: First Citizens Bank has appointed veteran banking executive Chris Stringer as Area Executive for the Dallas-Fort Worth market, where he will lead business and branch banking operations to drive further growth in North Texas.
- Market Potential: As the Dallas-Fort Worth region strengthens its position as one of the nation's most dynamic financial and innovation hubs, businesses are increasingly seeking banking partners who understand the local market and can help them grow with confidence.
- Extensive Experience: Stringer brings nearly 30 years of client service experience in the Dallas-Fort Worth area, having previously led commercial banking at Bank OZK with a strong focus on commercial lending, showcasing his ability to build client relationships effectively.
- Company Background: First Citizens Bank operates 9 branches in Texas with approximately 200 associates, and its parent company, First Citizens BancShares, Inc., is a top 20 U.S. financial institution with over $200 billion in assets, reflecting significant market strength.
See More
First Citizens Bank Appoints New Area Executive
- Leadership Appointment: First Citizens Bank has appointed veteran banking executive Chris Stringer as Area Executive for the Dallas-Fort Worth market, where he will lead business and branch banking operations to drive further growth in North Texas.
- Market Potential: As the Dallas-Fort Worth region continues to strengthen its position as one of the nation's most dynamic financial and innovation hubs, the demand for banking partners who understand the local market is increasing, making Stringer's appointment a timely response to this need.
- Extensive Experience: With nearly 30 years of client service experience in the Dallas-Fort Worth area, Stringer previously led commercial banking at Bank OZK, focusing on commercial lending, showcasing his deep background and connections in the sector.
- Company Overview: First Citizens Bank operates 9 branches and three office locations in Texas, employing approximately 200 associates, and as a financial institution with over $200 billion in assets, it is committed to providing comprehensive financial services to personal and business clients.
See More
Dimension Energy Secures $650 Million Financing for Community Solar Projects
- Innovative Financing: Dimension Energy has successfully secured $650 million in construction and term financing to support 25 community solar projects across Pennsylvania, New York, New Jersey, and Illinois, marking a significant enhancement in the company's financing capabilities and expected to accelerate project implementation and expand market share.
- Project Scale and Impact: This financing will support a 132MW portfolio, with the Union Solar project serving over 450 households in New Jersey, directly reducing household utility costs and enhancing community sustainability.
- Strengthened Partnerships: Financial institutions including First Citizens Bank, MUFG, ING Capital, and National Bank of Canada provided $415 million in debt financing, while Franklin Park contributed $235 million in tax equity as a first-time partner, showcasing Dimension's strong appeal and partnership potential in the renewable energy sector.
- Optimistic Market Outlook: As U.S. electricity prices reach historic highs, the value proposition of community solar projects becomes increasingly evident, with Dimension Energy's projects capable of coming online in as little as 18 months, likely further solidifying the company's leadership position in the clean energy market.
See More
First Citizens BancShares to Report Q1 2026 Financial Results
- Earnings Release Schedule: First Citizens BancShares is set to announce its financial results for the quarter ending March 31, 2026, before U.S. markets open on April 23, 2026, reflecting the company's commitment to transparency and investor communication.
- Live Webcast Meeting: The company will host a live audio webcast at 9 a.m. Eastern Time on the same day to engage directly with investors and interpret financial data, thereby enhancing market confidence.
- Investor Materials Preparation: The investor presentation and webcast link will be available on the company's website prior to the call, ensuring timely access to key information and improving information accessibility for investors.
- Company Background Overview: First Citizens BancShares is among the top 20 U.S. financial institutions with over $200 billion in assets, showcasing its strong presence and stability in the financial services sector, further solidifying its market position.
See More
First Citizens BancShares to Report Q1 2026 Financial Results
- Earnings Release Schedule: First Citizens BancShares is set to announce its financial results for the quarter ending March 31, 2026, before U.S. markets open on April 23, 2026, reflecting the company's commitment to transparency and investor communication.
- Live Webcast Meeting: The company will host a live audio webcast at 9 a.m. Eastern Time on the same day to provide investors with direct insights into its performance and future outlook, thereby enhancing investor confidence.
- Investor Relations Focus: After the earnings release, a replay of the webcast will be available on the company's website, demonstrating First Citizens BancShares' commitment to ongoing investor relations management and ensuring information accessibility.
- Company Background: First Citizens BancShares is among the top 20 U.S. financial institutions with over $200 billion in assets, showcasing its robust position in the financial services industry and long-term growth strategy.
See More
Westrock Coffee and First Citizens Executives Increase Stock Holdings
- Westrock Coffee Buy: Director Joe T. Ford purchased 55,000 shares of WEST at $4.60 each on Tuesday, totaling an investment of $253,000, indicating confidence in the company's future profitability despite a 2% decline in stock price on that day.
- Historical Buying Activity: Over the past year, Ford has made six purchases totaling $1.25 million at an average cost of $6.27 per share, reflecting his optimistic view on Westrock Coffee's long-term value, even as the current price is below his average cost.
- First Citizens BancShares Buy: CEO Frank B. Holding Jr. bought 149 shares of FCNCA at $1,550 each on Tuesday, amounting to approximately $230,950, which reflects his confidence in the company's future performance, coinciding with a 2% increase in stock price on that day.
- Historical Buying Activity: Holding Jr. has made three purchases over the past twelve months, totaling $1.96 million at an average cost of $1,657.18 per share, demonstrating his ongoing trust in First Citizens BancShares, even as the current stock price remains above his average cost.
See More
