Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?
Regional banks get a very bad reputation, if you hear what is in the news. Banks in itself has a bad rep (except if you are DBS, UOB, OCBC).
FCNCA is pretty low profile in this region and you can’t find much except from people who are kind of serious about banks.
If you read a First Citizens Bancshares annual report in Feb 2014, when it trades at $224, I wonder if you wonder that in 2025 it will look like this:
Current share price sits at $2096.
That is an annualized return of 21.6% a year. Or unannualized 835% after 11 years.
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