First Citizens BancShares Announces Lorie Rupp's Retirement and Tom Eklund's Appointment as Chief Risk Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Executive Retirement: Lorie Rupp, Executive Vice President and Chief Risk Officer of First Citizens BancShares, will retire on June 1, 2026, concluding a 30-year career in financial services, during which she significantly strengthened the bank's risk management framework.
- Succession Plan: Tom Eklund, the current Treasurer with 20 years at First Citizens, will succeed Rupp, ensuring a smooth transition while continuing to advance the company's risk management strategies.
- Risk Management Leadership: Eklund will oversee financial, credit, enterprise, and operational risks, leveraging his extensive experience in capital and liquidity risk management to enhance the bank's risk governance framework.
- Company Overview: First Citizens BancShares, with over $200 billion in assets, ranks among the top 20 U.S. financial institutions, committed to providing comprehensive banking services and demonstrating strong stability and long-term strategic thinking.
Analyst Views on FCNCA
Wall Street analysts forecast FCNCA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCNCA is 2093 USD with a low forecast of 1950 USD and a high forecast of 2300 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
5 Buy
4 Hold
0 Sell
Moderate Buy
Current: 2163.090
Low
1950
Averages
2093
High
2300
Current: 2163.090
Low
1950
Averages
2093
High
2300
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.
