FCNCA, US31946M1036

First Citizens BancShares stock holds above USD 2,100 after branch expansion and preferred share offering

Published on 09/20/2026 at 15:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Citizens BancShares stock closed at USD 2,111.89 on September 18, 2026 on Nasdaq, about 1.6 percent below its level at the start of 2026. Recent moves include a USD 300 million preferred share offering and a multi-state branch acquisition, reshaping its funding and footprint.

FCNCA, US31946M1036, Illustration mit AI erstellt.

First Citizens BancShares stock (ISIN US31946M1036) closed at USD 2,111.89 on the Nasdaq on September 18, 2026, down 0.41 percent from the previous day and about 1.6 percent below its January 1, 2026 level of USD 2,146.18, based on data compiled by MarketBeat for the Nasdaq listing.

Branch acquisitions reshape the regional footprint

As MarketBeat reported on September 19, 2026, First Citizens BancShares has recently completed the acquisition of 138 branches from Bank of Montreal across the Midwest, Great Plains and Western regions, significantly expanding its U.S. branch network versus its prior footprint.

According to the same stock news overview from MarketBeat, First Citizens Bank completed this branch acquisition and now highlights the deal as a way to deepen its presence in several new metropolitan and rural markets, positioning the bank to capture more core deposits and loan demand than before.

Preferred share offering strengthens capital and funding

In parallel with the branch expansion, First Citizens BancShares has raised new capital through a preferred share issuance. According to Simply Wall St on September 20, 2026, the bank completed a USD 300 million fixed income offering of 300,000 non-convertible preferred depositary shares at a price of USD 1,000 per security, implying gross proceeds of USD 300 million.

The same analysis from Simply Wall St notes that community fair value estimates for First Citizens BancShares stock span a wide range from about USD 2,304 to USD 2,992 per share, placing the latest Nasdaq closing price of USD 2,111.89 at a discount of roughly USD 192 to the lower end and nearly USD 880 to the upper end of those informal valuation markers.

Stock performance and valuation context

Per the performance snapshot on MarketBeat, First Citizens BancShares stock has slipped from USD 2,146.18 on January 1, 2026 to USD 2,111.89 as of the September 18, 2026 close, a decline of about 1.6 percent year to date, reflecting muted share-price reaction despite the preferred funding transaction and branch acquisition.

The same source from MarketBeat indicates that the stock trades around the middle of its observed range for 2026, with the current level moderately above recent lows but still notably below the highest fair value estimates discussed in external analyses, underscoring a gap between market pricing and some valuation models.

Closing price and investor takeaway

At the close of trading on the Nasdaq on September 18, 2026, First Citizens BancShares stock finished at USD 2,111.89, with a daily loss of 0.41 percent from the prior close and a modest year-to-date decline of 1.6 percent, while investors weigh the USD 300 million preferred issuance and the acquisition of 138 BMO branches as key drivers of the bank's future earnings and capital profile.