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 Q3 2023

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Earnings data Q1 2024

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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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Resiliency fueled by the entrepreneurial spirit of small and medium-sized businesses Resiliency fueled by the entrepreneurial spirit of small and medium-sized businesses

First Citizens Bank Forecast Finds Small Businesses Optimistic for Long-Term Economic Outlook

RALEIGH, N.C., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Join with First Citizens Bank this holiday season in giving hope to teens and young adults with cancer.

First Citizens Bank 2020 Holiday Giving Initiative for Teen Cancer America Brings Hope to Young People With Cancer

RALEIGH, N.C., Nov. 09, 2020 (GLOBE NEWSWIRE) -- First Citizens Bank announced that its Gwinnett Community Bank division based in Duluth, Ga., has completed its conversion to First Citizens' operations and systems. This conversion aligns customer accounts to First Citizens products and services and puts both banks on the same operational and technical systems.

First Citizens Bank Completes Operational Conversion of Gwinnett Community Bank Division

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Bank CEOs seem ready to start looking at mergers and acquisitions, but the sellers may still want to wait until the economic outlook improves.

Bank M&A: The Buyers Are Ready, but Now They're Waiting on the Sellers

New York, New York--(Newsfile Corp. - October 21, 2020) - Rowley Law PLLC is investigating potential securities law violations by CIT Group Inc. (NYSE: CIT) and its board of directors concerning the proposed acquisition of the company by First Citizens BancShares, Inc. (NASDAQ: FCNCA). Stockholders will receive 0.0620 shares of First Citizens BancShares common stock for each share of CIT Group stock that they hold and will own approximately 39% of the combined company. The...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CIT Group Inc.

After the deal was announced, shares of both banks soared.

3 Reasons Investors Love the First Citizens-CIT Group Merger

Shares of First Citizens are surging 12% on news of the $2.2 billion deal.

A New Big Bank Is Born: First Citizens Buys CIT Group To Create A $100 Billion Institution

Friday's reporting about CIT Group Inc. (NYSE: CIT) was supposed to be all about how the lender's earnings were looking.

Is CIT Getting Enough Premium in the First Citizens Merger?

CIT Group (CIT) stock is taking off on Friday following news that the company is merging with First Citizens (FCNCA) in 2021. The post CIT Group Stock Shoots Higher 29% on First Citizens Merger appeared first on InvestorPlace.

CIT Group Stock Shoots Higher 29% on First Citizens Merger

The regional bank's shareholders just got some big news.

Here's Why CIT Group Is Soaring on Friday

MILWAUKEE, Oct. 16, 2020 /PRNewswire/ -- Ademi LLP is investigating CIT Group (NYSE: CIT) for possible breaches of fiduciary duty and other violations of the law in its transaction with First Citizens. Click here to learn how to join the action: http://ademilaw.com/case/cit-group-inc or...

Shareholder Alert: Ademi LLP Investigates whether CIT Group Inc. has obtained a Fair Price in its transaction with First Citizens BancShares, Inc.

The deal will create the 19th largest bank in the U.S., spread across many geographic markets.

First Citizens BancShares and CIT Merging to Create $100B Asset Bank

Citigroup

First Citizens BancShares Inc. and CIT Group Inc. said Friday they have agreed to an all-stock merger of equals that will create the 19th biggest bank in the U.S. by assets. Under the terms of the agreement, CIT shareholders will receive 0.0620 shares of First Citizen stock for each share owned.

First Citizens and CIT to merge in all-stock deal that will create 19th biggest U.S. bank by assets

RALEIGH, N.C., Oct. 16, 2020 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported strong earnings for the third quarter of 2020. Key results for the quarter ended September 30, 2020 are presented below:

First Citizens BancShares Reports Earnings for Third Quarter 2020

RALEIGH, N.C. and NEW YORK, Oct. 16, 2020 /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., jointly announced today...

First Citizens BancShares, Inc. and CIT Group Inc. Announce Transformational Partnership to Create a Top-Performing Commercial Bank

RALEIGH, N.C., Oct. 12, 2020 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its third quarter 2020 financial results after the U.S. financial markets close on Tuesday, Oct. 27, 2020.

First Citizens BancShares, Inc. Announces Date of Third Quarter 2020 Financial Results, Earnings Call

RALEIGH, N.C., Aug.  17, 2020  (GLOBE NEWSWIRE) -- First Citizens Bank announced that its Entegra Bank division based in Franklin, N.C., has completed its conversion to First Citizens’ operations and systems. This conversion puts both banks on the same operational and technical systems and aligns customer accounts to First Citizens products and services.

First Citizens Bank Completes Operational Conversion of Entegra Bank Division

First Citizens BancShares, Inc. (FCNCA) CEO Frank Holding on Q2 2020 Results - Earnings Call Transcript

RALEIGH, N.C., July  28, 2020  (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported strong earnings for the second quarter of 2020. Key results for the quarter ended June 30, 2020, are presented below:

First Citizens BancShares Reports Earnings For Second Quarter 2020

RALEIGH, N.C., July  21, 2020  (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its second quarter 2020 financial results after the U.S. financial markets close on Tuesday, July 28, 2020.

First Citizens BancShares, Inc. Announces Date of Second Quarter 2020 Financial Results, Earnings Call

RALEIGH, N.C., May  14, 2020  (GLOBE NEWSWIRE) -- First Citizens Bank today announced it has helped nearly 23,000 businesses across the company’s franchise secure loans totaling $3.2 billion through the SBA’s Paycheck Protection Program.

First Citizens Bank Helps Nearly 23,000 Business Clients Access SBA Paycheck Protection Program Funding

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First Citizens BancShares: A 5.375% Preferred Stock IPO Issued 'In The Middle Of The Storm'

RALEIGH, N.C., Feb.  27, 2020  (GLOBE NEWSWIRE) -- North Carolina-headquartered First Citizens Bank received a total of 18 Greenwich Excellence Awards, recognizing the company as a leader in small business and middle market banking in 2019.

First Citizens Receives 18 Greenwich Excellence Awards for Small Business and Middle Market Banking

RALEIGH, N.C., Feb.  03, 2020  (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) announced that the merger of Community Financial Holding Company, Inc. (Community Financial) and its subsidiary, Gwinnett Community Bank, into First Citizens Bank was effective on Feb. 1, 2020.

News for First Citizens BancShares Stock (FCNCA)