Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?

What Mr. Huber likes is that:

1. If interest rates remains high, the company has mountains of cash.
2. The management never thinks about maximizing the next year’s profits but adopt a long term mindset.
3. And so they can put the cash to work by acquisition.

FCNCA is managed by the Holding Family and this is now the 3rd generation of management. They own 13% of FCNCA, which is a stake worth more than $3 billion).

I think this has been a good exercise of digesting and reflecting upon what Victaurs seems to be saying. It also helps me gain a better framing of banks in general. By sitting alone and going through things, it would help my pattern recognition in looking at banks better. This article will also be the article I come back to if I forgot about these things over the years.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37