First Citizens BancShares, Inc. - Class A Common Stock (FCNCA)

Competitors to First Citizens BancShares, Inc. - Class A Common Stock (FCNCA)

Huntington Bancshares Incorporated 

Huntington Bancshares offers a similar range of banking products and services, competing directly with First Citizens BancShares in the mid-sized banking sector. Both banks focus on personal banking, business banking, and wealth management services. However, Huntington has a significant advantage in terms of geographic reach, operating primarily in the Midwest with a larger number of branches. Additionally, Huntington's investment in technology and digital banking solutions has allowed it to better serve a tech-savvy clientele, giving it an edge in customer convenience and experience.

Regions Financial Corporation 

Regions Financial Corporation and First Citizens BancShares compete in the Southeastern and Mid-Atlantic banking markets. Both institutions provide a suite of services such as retail and commercial banking, as well as investment and wealth management. Regions has a larger asset base and greater brand recognition, which gives it the scale to invest more heavily in technology, marketing, and customer outreach. First Citizens may differentiate itself through its personalized customer service and community involvement, but Regions' size provides it with economies of scale that are hard to compete against.

Wells Fargo & Company 

Wells Fargo is one of the largest banks in the United States and offers a full suite of banking and financial services, competing with First Citizens BancShares particularly in the consumer banking space. While First Citizens focuses more on regional markets and personal banking, Wells Fargo's vast network and brand recognition provide them with a competitive edge. Furthermore, Wells Fargo's ability to leverage advanced technology and data analytics in its services contributes to higher operational efficiency and a broader customer base, making it a formidable competitor despite First Citizens' strength in local markets.

Zions Bancorporation, N.A. 

Zions Bancorporation and First Citizens BancShares are both regional banks that focus on similar customer segments, including both individuals and small to mid-sized businesses. They offer comparable products, including loan services and deposit accounts, competing heavily on interest rates and customer service. However, Zions has a stronger presence in the western United States and has invested heavily in digital platforms, allowing for lower operational costs and enhanced customer interaction. First Citizens could focus on enhancing its local relationships to remain competitive, but Zions' scale provides a significant advantage in many aspects.