BANC vs. FCNCA

Last updated Jun 4, 2026

BANC (Banc of California, Inc.) and FCNCA (First Citizens BancShares, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, BANC returned 1.65%/yr vs 22.98%/yr for FCNCA. At a 0.37 correlation, their price movements are largely independent.

Performance

BANC vs. FCNCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banc of California, Inc. (BANC) and First Citizens BancShares, Inc. (FCNCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BANC achieves a -2.67% return, which is significantly higher than FCNCA's -8.71% return. Over the past 10 years, BANC has underperformed FCNCA with an annualized return of 1.65%, while FCNCA has yielded a comparatively higher 22.98% annualized return.

BANC

• 1D: -2.41%
• 1M: 0.27%
• YTD: -2.67%
• 6M: -0.16%
• 1Y: 37.98%
• 3Y*: 20.15%
• 5Y*: 2.99%
• 10Y*: 1.65%

FCNCA

• 1D: -2.07%
• 1M: 0.14%
• YTD: -8.71%
• 6M: 1.08%
• 1Y: 6.53%
• 3Y*: 15.07%
• 5Y*: 17.98%
• 10Y*: 22.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BANC vs. FCNCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BANC Banc of California, Inc.	-2.67%	28.05%	18.32%	-13.04%	-17.67%	35.08%	-12.57%	31.81%	-33.68%	22.05%
FCNCA First Citizens BancShares, Inc.	-8.71%	1.99%	49.46%	87.73%	-8.35%	44.83%	8.35%	41.64%	-6.12%	13.92%

Correlation

The correlation between BANC and FCNCA is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 2, 2002	0.37

The correlation between BANC and FCNCA shifts across timeframes, from 0.37 (all time) to 0.59 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS BANC : $2.07 FCNCA : $179.22
PE Ratio BANC : 9.00 FCNCA : 10.91
PEG Ratio BANC : 0.02 FCNCA : 0.04
PS Ratio BANC : 1.34 FCNCA : 1.70
Total Revenue (TTM) BANC : $1.66B FCNCA : $14.45B
Gross Profit (TTM) BANC : $809.06M FCNCA : $9.08B
EBITDA (TTM) BANC : $298.02M FCNCA : $3.47B

Return for Risk

BANC vs. FCNCA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BANC

BANC Risk / Return Rank: 74
BANC Sharpe Ratio Rank: 78
BANC Sortino Ratio Rank: 71
BANC Omega Ratio Rank: 72
BANC Calmar Ratio Rank: 73
BANC Martin Ratio Rank: 75

FCNCA

FCNCA Risk / Return Rank: 45
FCNCA Sharpe Ratio Rank: 49
FCNCA Sortino Ratio Rank: 41
FCNCA Omega Ratio Rank: 41
FCNCA Calmar Ratio Rank: 47
FCNCA Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BANC vs. FCNCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banc of California, Inc. (BANC) and First Citizens BancShares, Inc. (FCNCA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BANC	FCNCA	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.24	+1.05
Sortino ratio Return per unit of downside risk	1.77	0.49	+1.28
Omega ratio Gain probability vs. loss probability	1.24	1.07	+0.18
Calmar ratio Return relative to maximum drawdown	1.86	0.27	+1.59
Martin ratio Return relative to average drawdown	4.94	0.59	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BANC vs. FCNCA - Sharpe Ratio Comparison

The current BANC Sharpe Ratio is 1.29, which is higher than the FCNCA Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of BANC and FCNCA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BANC	FCNCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.24	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.43	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.61	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.42	-0.33

Drawdowns

BANC vs. FCNCA - Drawdown Comparison

The maximum BANC drawdown since its inception was -82.29%, which is greater than FCNCA's maximum drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for BANC and FCNCA.

Drawdown Indicators

	BANC	FCNCA	Difference
Max Drawdown Largest peak-to-trough decline	-82.29%	-63.51%	-18.78%
Max Drawdown (1Y) Largest decline over 1 year	-20.47%	-24.00%	+3.53%
Max Drawdown (3Y) Largest decline over 3 years	-31.21%	-33.51%	+2.30%
Max Drawdown (5Y) Largest decline over 5 years	-53.31%	-43.63%	-9.68%
Max Drawdown (10Y) Largest decline over 10 years	-69.79%	-47.48%	-22.31%
Current Drawdown Current decline from peak	-11.02%	-16.33%	+5.31%
Average Drawdown Average peak-to-trough decline	-29.87%	-13.96%	-15.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.71%	11.12%	-3.41%

Volatility

BANC vs. FCNCA - Volatility Comparison

Banc of California, Inc. (BANC) has a higher volatility of 7.14% compared to First Citizens BancShares, Inc. (FCNCA) at 6.75%. This indicates that BANC's price experiences larger fluctuations and is considered to be riskier than FCNCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BANC	FCNCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	6.75%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	19.31%	19.98%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	29.60%	27.49%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.39%	41.69%	-5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.21%	38.08%	+5.13%

Dividends

BANC vs. FCNCA - Dividend Comparison

BANC's dividend yield for the trailing twelve months is around 2.25%, more than FCNCA's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BANC Banc of California, Inc.	2.25%	2.07%	2.59%	2.98%	1.51%	1.22%	1.63%	1.80%	3.91%	2.52%	2.82%	3.28%
FCNCA First Citizens BancShares, Inc.	0.42%	0.37%	0.33%	0.27%	0.28%	0.23%	0.29%	0.30%	0.38%	0.31%	0.34%	0.46%

Financials

BANC vs. FCNCA - Profitability Comparison

The chart below illustrates the profitability comparison between Banc of California, Inc. and First Citizens BancShares, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BANC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banc of California, Inc. reported a gross profit of 0.00 and revenue of 286.95M. Therefore, the gross margin over that period was 0.0%.

FCNCA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a gross profit of 2.31B and revenue of 3.48B. Therefore, the gross margin over that period was 66.5%.

BANC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banc of California, Inc. reported an operating income of 0.00 and revenue of 286.95M, resulting in an operating margin of 0.0%.

FCNCA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported an operating income of 705.00M and revenue of 3.48B, resulting in an operating margin of 20.3%.

BANC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banc of California, Inc. reported a net income of 71.95M and revenue of 286.95M, resulting in a net margin of 25.1%.

FCNCA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a net income of 534.00M and revenue of 3.48B, resulting in a net margin of 15.4%.

Frequently Asked Questions

Can I hold both BANC and FCNCA in my portfolio?

BANC and FCNCA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BANC or FCNCA?

BANC has higher volatility (7.14%) compared to FCNCA (6.75%). In terms of maximum drawdown, BANC dropped -82.29% vs FCNCA's -63.51%.

Which has better risk-adjusted returns?

BANC currently has the higher Sharpe Ratio (1.29 vs 0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.