First Citizens rises after Truist lifts PT

First Citizens BancShares

28/07/2026 19:03

** Regional lender First Citizens Bancshares' FCNCA.O shares rise 2.5% to $2,188.56
** Truist Securities lifts PT on FCNCA to $2,323 from $2,150, which implies an 8.7% upside to stock's last close
** Brokerage expects 2027 net interest income (NII) and fees to be slightly better than before, based on recent momentum and more loans repricing to catch up with deposits
** "The key debate is whether FCNCA has indeed passed the NII bottom as the 3Q and 4Q guides imply accelerating sequential improvements," Truist analyst Brian Foran says
** "The hope for bulls is that loan repricing catching up to deposits, broad-based loan momentum, and some help from BMO's low-cost deposits all support this positive inflection story into 2027," he added
** Three of 13 brokerages rate the stock "buy" and 10 "hold"; median PT $2,324 - data compiled by LSEG
** As of last close, FCNCA stock down 0.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))