FCNCO vs. FCNCA

Last updated Jun 5, 2026

FCNCO (First Citizens BancShares, 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 3 years, FCNCO returned 6.56%/yr vs 18.12%/yr for FCNCA. At a 0.22 correlation, their price movements are largely independent.

Performance

FCNCO vs. FCNCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Citizens BancShares, Inc. (FCNCO) 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, FCNCO achieves a 1.09% return, which is significantly higher than FCNCA's -4.41% return.

FCNCO

• 1D: -0.14%
• 1M: -1.74%
• YTD: 1.09%
• 6M: -3.82%
• 1Y: 2.62%
• 3Y*: 6.56%
• 5Y*: —
• 10Y*: —

FCNCA

• 1D: 4.72%
• 1M: 2.36%
• YTD: -4.41%
• 6M: 4.61%
• 1Y: 12.44%
• 3Y*: 18.12%
• 5Y*: 19.07%
• 10Y*: 23.38%

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

FCNCO vs. FCNCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FCNCO First Citizens BancShares, Inc.	1.09%	0.45%	10.25%	13.68%	-17.85%
FCNCA First Citizens BancShares, Inc.	-4.41%	1.99%	49.46%	87.73%	-9.36%

Correlation

The correlation between FCNCO and FCNCA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 6, 2022	0.22

Fundamentals

Market Cap FCNCO : $247.44M FCNCA : $24.41B
EPS FCNCO : $179.22 FCNCA : $179.22
PE Ratio FCNCO : 0.12 FCNCA : 11.42
PEG Ratio FCNCO : 0.00 FCNCA : 0.05
PS Ratio FCNCO : 0.02 FCNCA : 1.78
PB Ratio FCNCO : 0.01 FCNCA : 1.20
Total Revenue (TTM) FCNCO : $14.45B FCNCA : $14.45B
Gross Profit (TTM) FCNCO : $9.08B FCNCA : $9.08B
EBITDA (TTM) FCNCO : $3.47B FCNCA : $3.47B

Return for Risk

FCNCO vs. FCNCA — Risk / Return Rank

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

FCNCO

FCNCO Risk / Return Rank: 46
FCNCO Sharpe Ratio Rank: 50
FCNCO Sortino Ratio Rank: 40
FCNCO Omega Ratio Rank: 41
FCNCO Calmar Ratio Rank: 49
FCNCO Martin Ratio Rank: 48

FCNCA

FCNCA Risk / Return Rank: 52
FCNCA Sharpe Ratio Rank: 57
FCNCA Sortino Ratio Rank: 48
FCNCA Omega Ratio Rank: 48
FCNCA Calmar Ratio Rank: 54
FCNCA Martin Ratio Rank: 54

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.

FCNCO vs. FCNCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCO) 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.

	FCNCO	FCNCA	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.45	-0.22
Sortino ratio: Return per unit of downside risk	0.42	0.76	-0.33
Omega ratio: Gain probability vs. loss probability	1.05	1.10	-0.05
Calmar ratio: Return relative to maximum drawdown	0.30	0.52	-0.22
Martin ratio: Return relative to average drawdown	0.57	1.12	-0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCNCO vs. FCNCA - Sharpe Ratio Comparison

The current FCNCO Sharpe Ratio is 0.23, which is lower than the FCNCA Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FCNCO 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

	FCNCO	FCNCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.45	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.43	-0.37

Drawdowns

FCNCO vs. FCNCA - Drawdown Comparison

The maximum FCNCO drawdown since its inception was -27.97%, smaller than the maximum FCNCA drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for FCNCO and FCNCA.

Drawdown Indicators

	FCNCO	FCNCA	Difference
Max Drawdown Largest peak-to-trough decline	-27.97%	-63.51%	+35.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-24.00%	+15.18%
Max Drawdown (3Y) Largest decline over 3 years	-13.90%	-33.51%	+19.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.48%	—
Current Drawdown Current decline from peak	-7.95%	-12.38%	+4.43%
Average Drawdown Average peak-to-trough decline	-8.95%	-13.96%	+5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	11.13%	-6.55%

Volatility

FCNCO vs. FCNCA - Volatility Comparison

The current volatility for First Citizens BancShares, Inc. (FCNCO) is 1.90%, while First Citizens BancShares, Inc. (FCNCA) has a volatility of 7.84%. This indicates that FCNCO experiences smaller price fluctuations and is considered to be less risky than FCNCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCNCO	FCNCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.90%	7.84%	-5.94%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	20.50%	-12.82%
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	27.78%	-16.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	41.75%	-23.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	38.10%	-19.98%

Dividends

FCNCO vs. FCNCA - Dividend Comparison

FCNCO's dividend yield for the trailing twelve months is around 6.78%, more than FCNCA's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNCA First Citizens BancShares, Inc.	0.40%	0.37%	0.33%	0.27%	0.28%	0.23%	0.29%	0.30%	0.38%	0.31%	0.34%	0.46%
FCNCO First Citizens BancShares, Inc.	6.78%	6.64%	6.27%	6.50%	6.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

FCNCO vs. FCNCA - Profitability Comparison

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

FCNCO - 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%.

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%.

FCNCO - 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%.

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%.

FCNCO - 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%.

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 FCNCO and FCNCA in my portfolio?

FCNCO and FCNCA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCNCO or FCNCA?

FCNCA has higher volatility (7.84%) compared to FCNCO (1.90%). In terms of maximum drawdown, FCNCO dropped -27.97% vs FCNCA's -63.51%.

Which has better risk-adjusted returns?

FCNCA currently has the higher Sharpe Ratio (0.45 vs 0.23), 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.