First Citizens BancShares (FCNCA) vs M&T Bank (MTB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
First Citizens BancShares (FCNCA) has outperformed M&T Bank (MTB) over the past year, gaining 17.3% versus a gain of 14.0%. Over five years, FCNCA leads with a +142.7% price change compared with +43.0% for MTB. M&T Bank is the larger company by market cap ($31.28 billion vs $23.39 billion), about 1.3 times the size.
On valuation, First Citizens BancShares trades at a lower forward P/E (10.2x vs 10.3x for M&T Bank). M&T Bank offers the higher dividend yield (2.77% vs 0.40%). M&T Bank converts more of its revenue into profit, with a net margin of 172.1% versus 23.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FCNCA | MTB |
|---|---|---|
| Share price | $2,071.56 | $216.63 |
| Market cap | $23.39B | $31.28B |
| 1-day change | -0.79% | -0.96% |
| YTD return | -3.38% | +7.28% |
| 1-year return | +17.26% | +14.02% |
| 5-year return | +142.75% | +43.03% |
| P/E ratio (TTM) | 11.10 | 11.45 |
| Forward P/E | 10.25 | 10.30 |
| EPS (TTM) | $186.57 | $18.92 |
| Dividend yield | 0.40% | 2.77% |
| Annual dividend | $8.25 | $6.00 |
| Revenue (latest FY) | $9.54B | $1.66B |
| Revenue growth (YoY) | -2.22% | +7.53% |
| Net income (latest FY) | $2.21B | $2.85B |
| Net margin | 23.12% | 172.06% |
| 52-week high | $2,296.30 | $255.95 |
| 52-week low | $1,623.76 | $174.76 |
| Distance from 52-week high | -9.79% | -15.36% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +12.79% | +16.75% |
| Average volume | 67.13K | 1.06M |
| Shares outstanding | 10.29M | 144.42M |
| Employees | 17,876 | 21,662 |
| Sector | Financial Services | Financial Services |
| Industry | Banks - Regional | Banks - Regional |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- M&T Bank offers a meaningfully higher dividend yield (2.77% vs 0.40%).
- M&T Bank is more profitable, keeping 172.1 cents of every revenue dollar as net income versus 23.1 cents for First Citizens BancShares.
- M&T Bank grew revenue faster in its latest fiscal year (+7.53% vs -2.22%).
About First Citizens BancShares
FCNCA stock →First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.
Financial Services · Banks - Regional · 17,876 employees
About M&T Bank
MTB stock →M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Financial Services · Banks - Regional · 21,662 employees
FCNCA vs MTB FAQ
Which is bigger, First Citizens BancShares or M&T Bank?
M&T Bank (MTB) is larger, with a market capitalization of $31.28B compared with $23.39B for First Citizens BancShares (FCNCA).
Which stock has performed better over the past year, FCNCA or MTB?
FCNCA returned +17.26% over the past 12 months, compared with +14.02% for MTB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FCNCA or MTB?
FCNCA has the lower trailing P/E at 11.1, versus 11.4 for MTB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Citizens BancShares or M&T Bank?
M&T Bank has the higher yield at 2.77%, compared with 0.40% for First Citizens BancShares.
Are First Citizens BancShares and M&T Bank in the same industry?
Yes. Both are classified in the Banks - Regional industry within the Financial Services sector.