5 Most Profitable Banks in the US in 2024

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

Trailing Twelve Month Net Income: $11.4 billion

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a North Carolina based regional bank. A year after the regional banking turmoil in America, the bank made big moves in March 2024 when it announced that it would buy the defunct Silicon Valley Bank’s Indian operations.

For their December quarter of 2023 shareholdings, 54 out of the 933 hedge funds surveyed by Insider Monkey were the bank’s shareholders. First Citizens BancShares, Inc. (NASDAQ:FCNCA)’s largest hedge fund shareholder is Natixis Global Asset Management’s Harris Associates as it owns $710 million worth of shares.

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