First Citizens BancShares made one of the most high profile transactions of 2023 when it acquired Silicon Valley Bank, but its stock remains discounted compared to other big banks.
FCNCA may have low dividend, but is looking to distribute around 190bps of CET1 ratio in share repurchase. Strong deposit, loan growth puts bank in good position to grow. FCNCA remains relatively undervalued to peers in terms of P/E and P/TB metrics.
Citizens Community Bancorp provides banking services in Wisconsin and Minnesota. The dividend yield is low, but the record depicts fast growth, and the payout ratio is low enough for the bank to continue raising the dividend at the same pace. The shares are also severely undervalued, and there is a wide margin of safety present here.