FCNCA (First Citizens BancShares) Scaled Net Operating Assets: 0.03 (As of Jun. 2026)

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FCNCA First Citizens BancShares Inc FCNCA
75 GF Score
Price $2,169.71
GF Value $2,203.12
Valuation Fairly Valued
! 4 Warning Signs
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What is First Citizens BancShares Scaled Net Operating Assets?

First Citizens BancShares FCNCA -1.75% 75 Scaled Net Operating Assets is 0.03 as of Jun. 2026. GuruFocus rates FCNCA with a GF Score™ of 75/100 and a GF Value™ of $2,203.12 (Fairly Valued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Citizens BancShares's operating assets for the quarter that ended in Jun. 2026 was $188,727 Mil. First Citizens BancShares's operating liabilities for the quarter that ended in Jun. 2026 was $182,444 Mil. First Citizens BancShares's Total Assets for the quarter that ended in Mar. 2026 was $235,959 Mil. Therefore, First Citizens BancShares's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.03.

FCNCA
75GF Score
First Citizens BancShares Inc FCNCA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Citizens BancShares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Citizens BancShares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(209096-171347)/223720
=0.17

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=229698 - 20602
=209096

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=207460 - 36113 - 0
=171347

First Citizens BancShares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(188727-182444)/235959
=0.03

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=236842 - 48115
=188727

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=214942 - 32346 - 152
=182444

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.03 mean?
First Citizens BancShares (FCNCA) has a Scaled Net Operating Assets of 0.03 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Citizens BancShares and its competitors.
Is First Citizens BancShares' Scaled Net Operating Assets too high?
First Citizens BancShares' current Scaled Net Operating Assets is 0.03. Overall, First Citizens BancShares has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Citizens BancShares' Scaled Net Operating Assets compare to KEY and RF?
First Citizens BancShares' Scaled Net Operating Assets of 0.03 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Citizens BancShares and its competitors. First Citizens BancShares's current Scaled Net Operating Assets is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Citizens BancShares stock overvalued right now?
Based on GuruFocus' analysis, First Citizens BancShares (FCNCA) is currently considered Fairly Valued. The stock's GF Value™ is $2,203.12, compared to a current price of $2,169.71 — trading 1.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.03. First Citizens BancShares' overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For First Citizens BancShares (FCNCA), the current Scaled Net Operating Assets is 0.03 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Citizens BancShares (FCNCA) Overvalued in 2026?

Based on GuruFocus' analysis, First Citizens BancShares stock appears to be undervalued. The current stock price of $2,169.71 is trading 1.5% below its estimated GF Value™ of $2,203.12. GuruFocus considers First Citizens BancShares to be Fairly Valued.

Key valuation signals for FCNCA:

  • Scaled Net Operating Assets: 0.03
  • GF Value™: $2,203.12 vs. price of $2,169.71 (1.5% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the FCNCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Citizens BancShares Business Description

Address 4300 Six Forks Road, Raleigh, NC, USA, 27609
First Citizens is a US regional bank with total assets of around $236 billion as of March 31, 2026. Headquartered in Raleigh, North Carolina, First Citizens' largest markets are North Carolina, South Carolina, and California. The bank has a track record of acquiring troubled banks from the FDIC, such as Silicon Valley Bridge Bank in 2023, which doubled its asset base. First Citizens offers products and services across retail, commercial, wealth management, and railcar leasing. First Citizens derived over 95% of its earnings from banking and less than 5% from railcar leasing in 2025.
75GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2,169.71
Price
$2,203.12
GF Value