Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?
But it also shows us where they can improve and grow their ultimate bottomline. They can still get to less than 0.50 efficiency.
Just How Leveraged is FCNCA?
With so much acquisitions made, you be wondering how they do it and whether they are bring on a lot of leverage. A “debt” which is deposits are what will match existing loans. What they have to acquire is what they retained.
FCNCA is probably in their most leverage position… which is 6.7%.
For the most part they have sizable cash holdings, which is pretty good if you can acquire something that could eventually improve so that you get 13% ROTCE.
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