First Citizens BancShares

First Citizens BancShares, Inc. is a bank holding company, which provides retail and commercial banking services through its subsidiaries. The company operates under the following segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking delivers services to individuals through branch networks. The Commercial Banking provides lending, leasing and other financial and advisory services to small and middle market companies. The Rail segment deals with the provision of equipment leasing and secured financing for railroads and shippers. The Corporate segment is comprised of investment securities and interest bearing cash. The company was founded on August 7, 1986 and is headquartered in Raleigh, NC.

Earnings data Q1 2021

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Earnings data Q4 2024

First Citizens BancShares reports strong 2022 performance and outlines 2023 priorities

First Citizens BancShares showcased strong financial performance in 2022 with notable achievements in loan growth and expense control.
The company's strategic focus for 2023 includes core business investments, talent acquisition, and effective risk management.
While facing challenges like seasonal loan declines and non-performing loans, opportunities lie in stable margins and deposit growth strategies.
Overall, the company aims for continued growth and efficiency while navigating market dynamics and maintaining strong credit quality.

First Citizens BancShares reports strong Q1 performance post SVB acquisition

First Citizens BancShares showcased robust financial performance driven by the SVB acquisition and strategic initiatives.
Challenges include evolving market dynamics and managing expenses and criticized loans in certain portfolios.
Opportunities lie in leveraging the SVB acquisition for growth, optimizing cost structures, and adapting to regulatory changes.
Overall, the company is well-positioned to navigate challenges and capitalize on growth prospects in the financial landscape.

First Citizens BancShares excels in Q2 with SVB acquisition

First Citizens BancShares (FCNCA) demonstrated robust financial performance and strategic progress in the second quarter, driven by the SVB acquisition.
While facing challenges such as declining accretable yield and noninterest revenue, the company remains focused on capital management and long-term value creation.
Opportunities lie in potential share buybacks, optimizing deposit mix, and enhancing risk management practices to drive future growth and profitability.

First Citizens BancShares reports robust Q3 earnings amidst strategic acquisitions

First Citizens BancShares (FCNCA) delivered strong financial performance in Q3 2023, driven by earnings growth, deposit expansion, and strategic acquisitions.
While facing challenges such as elevated charge-offs and market-related declines, the company remains focused on regulatory readiness and innovation-driven growth opportunities.
With a prudent risk management approach, strategic acquisitions, and a focus on optimizing the credit portfolio, First Citizens BancShares is poised for continued growth and resilience in the evolving financial landscape.

First Citizens BancShares reports strong 2023 performance and outlines 2024 priorities

First Citizens BancShares had a successful 2023 with strong financial results and a focus on strategic priorities for 2024. The company maintains a strong capital position and is progressing on SVB integration.
Challenges include market shifts in office innovation and equipment finance, as well as potential headwinds from debt issuance costs. Opportunities exist in managing asset sensitivity, tightening underwriting, and driving growth in innovative portfolios.
Overall, the outlook for 2024 includes expectations for growth in loans and deposits, expense management, and maintaining credit quality. The company's proactive approach to capital management and focus on client service position it for continued success.

First Citizens BancShares reports robust Q1 earnings and growth outlook

First Citizens BancShares (FCNCA) delivered strong Q1 results, focusing on stability, compliance, and growth opportunities. Despite challenges in VC fundraising and market conditions, the company remains optimistic about its performance and strategic initiatives.

First Citizens BancShares reports robust Q3 earnings amidst growth opportunities

First Citizens BancShares demonstrated solid financial performance with a focus on maintaining strong capital and liquidity positions.
While facing challenges such as loan reductions and slight capital ratio decreases, the company remains optimistic about future growth opportunities.
Analysts' inquiries and management discussions highlighted a proactive approach to addressing challenges and leveraging opportunities for sustained success.

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NEW YORK, Jan. 10, 2022 /PRNewswire/ -- According to a new survey from CIT Bank conducted by The Harris Poll, an encouraging 70% of Americans are saving the same amount or more money compared to last year. Despite prioritizing their savings, 49% of respondents planning to make a resolution plan to purchase something, such as a material item or subscription service, to maintain their 2022 New Year's resolutions – signaling a potential concern in balancing savings goals with spending temptations.

Savings Are Up, But New Year's Resolutions Bring Financial Requirements

Low-Cost Deposit is a core advantage for First Citizens.

First Citizen: Bright Future

CIT Group

First Citizens (FCNCA) completes the merger with CIT Group, leading to the creation of the 20th largest bank in the United States in terms of assets.

First Citizens (FCNCA) Closes Merger Agreement With CIT Group

First Citizens (FCNCA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

First Citizens (FCNCA): Strong Industry, Solid Earnings Estimate Revisions

First Citizens (FCNCA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Strength Seen in First Citizens (FCNCA): Can Its 3.6% Jump Turn into More Strength?

RALEIGH, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (NASDAQ: FCNCA) (“First Citizens”), parent company of First-Citizens Bank & Trust Company (“First Citizens Bank”), today announced completion of its previously announced merger with CIT Group Inc. (“CIT”).

First Citizens Completes Merger With CIT Group

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After market close on Dec. 17, the Federal Reserve signed off on three bank mergers that have been in their pipeline.

The Fed Just Gave These 3 Stocks a Boost

The stock price of First Citizens BancShares Inc (NASDAQ: FCNCA) increased by over 4% during intraday trading today. This is why it happened.

First Citizens BancShares Stock (FCNCA): Why The Stock Price Increased Today

Investors waited more than 420 days for the deal to close.

First Citizens' Long-Delayed Merger With CIT Is Approved. The Stock Is Climbing.

RALEIGH, N.C. and NEW YORK, Dec. 17, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A.

FIRST CITIZENS, CIT ANNOUNCE RECEIPT OF REGULATORY APPROVALS FOR MERGER

RALEIGH, N.C., Nov. 30, 2021 (GLOBE NEWSWIRE) -- First Citizens Bank is seeking to spread a little joy and do a lot of good for teens and young adults faced with cancer this holiday season.

First Citizens Bank 2021 Holiday Giving Campaign for Teen Cancer America Seeks to ‘Spread a Little Joy, Do a Lot of Good'

RALEIGH, N.C., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Marco Maiurano has joined First Citizens Bank as Chief Information Security Officer. He is responsible for overseeing the company's information security operations, identity and access management, information security architecture and security consulting solutions.

Marco Maiurano Joins First Citizens Bank as Chief Information Security Officer

First Citizens BancShares, Inc. (FCNCA) CEO Frank Holding on Q3 2021 Results - Earnings Call Transcript

First Citizens (FCNCA) delivered earnings and revenue surprises of 3.75% and 2.25%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

First Citizens BancShares (FCNCA) Beats Q3 Earnings and Revenue Estimates

RALEIGH, N.C., Oct. 27, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. (“BancShares”) (Nasdaq: FCNCA) reported earnings for the third quarter of 2021. Key results for the quarter ended September 30, 2021, are presented below:

First Citizens BancShares Reports Earnings for Third Quarter 2021

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“If you're going to steal, steal from the best,” Woody Allen once said.

My Purloined Portfolio Aims to Steal From Managers I Respect

RALEIGH, N.C., Oct. 12, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the third quarter ended Sept. 30, 2021, before the U.S. financial markets open on Wednesday, Oct. 27, 2021.

First Citizens BancShares, Inc. Announces Date of 2021 Third Quarter Financial Results, Earnings Call

A deal that would create a bank with more than $100 billion in assets has now been delayed, as the two parties await approval from the Federal Reserve.

This Large Bank Merger Just Got Riskier

CIT Group (CIT) and First Citizens (FCNCA) agree to extend their previously announced merger agreement from Oct 15, 2021, to Mar 1, 2022.

CIT Group (CIT), First Citizens (FCNCA) Extend Merger Agreement

First Citizens, CIT Extend Merger Agreement

First Citizens BancShares, Inc.'s (FCNCA) CEO Frank Holding on Q2 2021 Results - Earnings Call Transcript

RALEIGH, N.C., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Kristen Saranteas has joined First Citizens Bank as Treasury Management Services Executive. She leads the bank's high-performing team serving commercial and business clients' day-to-day cashflow needs, including payables and receivables, fraud mitigation and purchasing cards.

Saranteas Joins First Citizens Bank as Treasury Management Services Executive

RALEIGH, N.C., Aug. 03, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported another quarter of strong earnings for the second quarter of 2021. Key results for the quarter ended June 30, 2021, are presented below:

First Citizens BancShares Reports Earnings For Second Quarter 2021

RALEIGH, N.C., July 27, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) declared a regular quarterly dividend on the company's 5.375% non-cumulative perpetual preferred stock, Series A, to be paid on Sept. 15, 2021, to holders of record as of Aug. 31, 2021.

First Citizens BancShares Declares Dividend on Series ‘A' Preferred Stock

RALEIGH, N.C., July 23, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the second quarter ended June 30, 2021, before the U.S. financial markets open on Tuesday, Aug. 3, 2021.

News for First Citizens BancShares Stock (FCNCA)