Alliancebernstein L.P. Boosts Holdings in First Citizens BancShares, Inc.

The investment firm increased its stake in the North Carolina-based bank by 16.3% in the third quarter.

Mar. 17, 2026 at 7:09am

Got story updates? Submit your updates here. ›

Alliancebernstein L.P. increased its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 16.3% during the third quarter, according to the company's recent 13F filing with the Securities & Exchange Commission. The firm now owns 78,310 shares of the bank's stock, worth approximately $140 million.

Why it matters

First Citizens BancShares is a major regional bank headquartered in Raleigh, North Carolina, with a diversified portfolio of consumer, commercial, and specialized lending services. Alliancebernstein's increased stake signals confidence in the bank's performance and growth potential.

The details

Alliancebernstein acquired an additional 10,948 shares of First Citizens BancShares during the third quarter, bringing its total position to 78,310 shares. This represents approximately 0.63% of the bank's outstanding stock. The investment firm cited the bank's strong financial position and growth prospects as reasons for the increased investment.

  • Alliancebernstein increased its stake in the third quarter of 2026.

The players

Alliancebernstein L.P.

A global investment management firm that provides a range of investment solutions to institutional and individual investors.

First Citizens BancShares, Inc.

A full-service commercial bank headquartered in Raleigh, North Carolina, offering a broad suite of banking products and services to retail, commercial, and institutional clients.

Got photos? Submit your photos here. ›

The takeaway

Alliancebernstein's increased stake in First Citizens BancShares suggests the investment firm sees strong growth potential in the regional bank, which has a diversified business model and presence in the Southeastern United States.