First Citizens BancShares

-5.05%

1. Credit Risk: First Citizens BancShares faces the risk of default on loans and credit facilities granted to customers. This can result in significant losses for the company and impact its profitability.

2. Market Risk: The company is exposed to market risks such as interest rate risk, foreign exchange risk, and equity price risk, which can affect its financial performance.

3. Regulatory Risk: As a financial institution, First Citizens BancShares is subject to strict regulations and supervision from government bodies. Any non-compliance with these regulations can result in penalties and affect its operations.

4. Cybersecurity Risk: With the increasing use of technology and digital banking services, the company faces the risk of cyber attacks and data breaches, which can compromise the security and confidentiality of customer information.

5. Economic and Political Risks: Changes in economic conditions and political instability in the markets where First Citizens BancShares operates can impact its business operations and financial performance.

6. Operational Risk: The company is exposed to operational risks such as system failures, human error, and fraud, which can lead to financial losses and damage to its reputation.

7. Credit Rating Risk: A downgrade in the company's credit ratings can result in increased borrowing costs and affect its ability to raise funds in the capital markets.

8. Competition Risk: First Citizens BancShares faces intense competition from other financial institutions, which can affect its market share and profitability.

9. Litigation Risk: The company may face legal actions from customers, employees, or other parties, which can result in significant financial costs and reputational damage.

10. Concentration Risk: The company's business operations are primarily concentrated in the Southeastern United States, which makes it vulnerable to regional economic and political risks.