First Citizens BancShares Inc (DE) (FCNCA) Files 10-K for the Fiscal Year Ended on December 31, 2017

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First Citizens BancShares Inc (DE) (FCNCA) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. First Citizens BancShares Inc (DE) is a part of the financial sector in the United States. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking. First Citizens BancShares Inc (DE) has a market cap of $5.12 billion; its shares were traded at around $429.50 with a P/E ratio of 15.95 and P/S ratio of 3.12. The dividend yield of First Citizens BancShares Inc (DE) stocks is 0.29%. First Citizens BancShares Inc (DE) had annual average EBITDA growth of 6.10% over the past ten years.


For the last quarter First Citizens BancShares Inc (DE) reported a revenue of $414.9 million, compared with the revenue of $368.6 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.7 billion, an increase of 18.7% from last year. For the last five years First Citizens BancShares Inc (DE) had an average revenue growth rate of 10.5% a year.

The reported diluted earnings per share was $26.96 for the year, an increase of 43.6% from previous year. Over the last five years First Citizens BancShares Inc (DE) had an EPS growth rate of 12.7% a year. The First Citizens BancShares Inc (DE) enjoyed an operating margin of 31.96%, compared with the operating margin of 24.5% a year before. The 10-year historical median operating margin of First Citizens BancShares Inc (DE) is 22.41%. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, First Citizens BancShares Inc (DE) has the cash and cash equivalents of $336.2 million, compared with $539.7 million in the previous year. The company had no long term debt, compared with $832.9 million in the previous year. The interest coverage to the debt is at a comfortable level of 12.4. First Citizens BancShares Inc (DE) has a financial strength rank of 5 (out of 10).

At the current stock price of $429.50, First Citizens BancShares Inc (DE) is traded at 59.1% premium to its historical median P/S valuation band of $270.03. The P/S ratio of the stock is 3.12, while the historical median P/S ratio is 1.96. The stock gained 16.60% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Harold Lee Jr Durham bought 50 shares of FCNCA stock on 02/07/2018 at the average price of $420. The price of the stock has increased by 2.26% since.

For the complete 20-year historical financial data of FCNCA, click here.

This article first appeared on GuruFocus.


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