12 High Growth Non-Tech Stocks That Are Profitable in 2025

9. First Citizens BancShares, Inc. (NASDAQ:FCNCA)

5-Year Sales Growth: 40.63%

5-Year Net Income Growth: 43.44%

TTM Net Income: $2.72 Billion

Number of Hedge Fund Holders: 45

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a financial holding company that operates primarily through its subsidiary, First-Citizens Bank & Trust Company. It provides a wide range of financial services across several segments including General Bank, Commercial Bank, SVB Commercial, and Rail Segments.

The Artisan Mid Cap Value Fund in its Q4 2024 investor letter highlighted First Citizens BancShares, Inc. (NASDAQ:FCNCA) as a top contributor. The fund emphasized the company’s successful acquisition of Silicon Valley Bank (SVB) in 2023, has led to significant benefits. It added scale and geographic diversity to the bank while offering downside protections through a loss-sharing agreement with the FDIC. This strategic move enhanced its position in the banking sector.

Moreover, in its fiscal fourth quarter of 2024, First Citizens BancShares, Inc. (NASDAQ:FCNCA) delivered an EPS of $49.21, significantly exceeding the expected $37.44. In addition, revenue for the quarter reached $2.41 billion, reflecting a 23% year-over-year increase, outperforming analyst estimates of $2.27 billion. It is one of the high-growth non-tech stocks that are profitable in 2025.

Artisan Mid Cap Value Fund stated the following regarding First Citizens BancShares, Inc. (NASDAQ:FCNCA) in its Q4 2024 investor letter:

“Top Q4 contributors included Expedia, First Citizens BancShares, Inc. (NASDAQ:FCNCA) and Vail Resorts. Headquartered in Raleigh, North Carolina, and one of the largest family-controlled banks in the US, First Citizens has been a big winner following its 2023 acquisition of the failed Silicon Valley Bank (SVB). Besides a discounted purchase price, the transaction added scale and geographic diversity, while also offering downside protections from a loss-sharing agreement with the FDIC. Recent loan growth has been strong, particularly within the SVB commercial segment. The bank also announced a$3.5 billion stock repurchase authorization, or about 12%ofshares outstanding, to be completed over the next several quarters. First Citizens had previously paused share repurchases while it was absorbing SVB.”