Prnewswire·2026-02-12 23:51Core Insights - Pomerantz Law Firm is investigating claims on behalf of investors of First Citizens BancShares, Inc. regarding potential securities fraud or unlawful business practices [1] - First Citizens reported a fourth-quarter financial performance that missed analyst expectations, with an efficiency ratio of 64.5%, which is a decline from the previous year [1] - Following the financial report, First Citizens' stock price dropped by $186.97, or 8.49%, closing at $2,016.56 per share [1] Financial Performance - The efficiency ratio for First Citizens was reported at 64.5%, indicating a worsening situation compared to the prior year [1] - The company provided a weaker outlook for revenue, projecting deterioration and weak net interest income for the upcoming year [1] Market Reaction - The announcement of the financial results led to a significant decline in First Citizens' stock price, reflecting investor concerns [1]