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 Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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First Citizens BancShares (FCNCA) came out with quarterly earnings of $52.92 per share, beating the Zacks Consensus Estimate of $44.27 per share. This compares to earnings of $20.09 per share a year ago.

First Citizens BancShares (FCNCA) Surpasses Q1 Earnings and Revenue Estimates

First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of Silicon Valley Bank (SVB) last year.

SVB-owner First Citizens' profit beats estimates on interest income strength

RALEIGH, N.C. , April 25, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the first quarter of 2024.

First Citizens BancShares Reports First Quarter 2024 Earnings

JACKSONVILLE, Fla. , April 23, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida.

First Citizens Bank Provides $58.4 Million for Construction of Medical Inpatient Rehabilitation Facility in Miami, Florida

First Citizens (FCNCA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Citizens BancShares (FCNCA) Earnings Expected to Grow: Should You Buy?

JACKSONVILLE, Fla. , April 18, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center.

First Citizens Bank Provides $50 Million to Refinance Los Angeles Medical Office Building

First Citizens (FCNCA) possesses solid growth attributes, which could help it handily outperform the market.

Here is Why Growth Investors Should Buy First Citizens (FCNCA) Now

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy First Citizens BancShares (FCNCA) Stock?

Trinity Capital

Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN) SAN FRANCISCO , April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin . Recently named to the  2024 Fintech Innovation 50 , Parafin helps companies, such as marketplaces, vertical SaaS, and payment processors, launch and embed financial services for their sellers.

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.

RALEIGH, N.C. , April 3, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2024, before the U.S. financial markets open on Thursday, April 25, 2024.

First Citizens BancShares, Inc. Announces Date of 2024 First Quarter Earnings Call

SVB Go Receives 2024 Model Bank Award for Reinventing Cash Management SAN FRANCISCO , April 2, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that SVB Go, its new online banking platform, has been recognized as a leading cash management solution by Celent, a global research and advisory firm for the financial services industry. SVB Go was awarded the 2024 Model Bank award specifically for creating an innovative solution that enables its high-growth clients to bank at the pace that they run their businesses.

Celent Names Silicon Valley Bank Leader in Cash Management

SVB Financial Group

First Citizens BancShares Inc. drew a buy rating from Goldman Sachs on Thursday as analysts said the large regional bank is well-positioned to deliver returns in the low-to-mid teens over time.

First Citizens draws ‘buy' rating after bulking up from purchase of Silicon Valley Bank

Visa

NEW YORK , March 21, 2024 /PRNewswire/ -- Coast , which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced it has raised $92 million in new funding. The round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as new investor Vesey Ventures.

Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets

First Citizens BancShares (FCNCA) agrees to acquire Silicon Valley Bank's Indian subsidiary, SVB Global Services India LLP.

First Citizens BancShares (FCNCA) to Buy SVB India Business

RALEIGH, N.C. , March 11, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail outlets throughout Alabama and North Carolina.

First Citizens Bank Provides $33.5 Million to Adams Beverages

RALEIGH, N.C. , March 5, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of the largest global suppliers of hemp-derived cannabinoids.

First Citizens Bank Provides $1 Million Line of Credit to MC Nutraceuticals

RALEIGH, N.C., Feb. 23, 2024 /PRNewswire/ -- For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Best Brand awards.

First Citizens Receives 20 Greenwich Excellence and Best Brand Awards for Middle Market Banking, Small Business Banking

New York Community Bancorp

David Einhorn's Greenlight Capital stayed committed to the turbulent regional banking industry in the fourth quarter, adding positions in New York Community Bancorp. (NYCB) and First Citizens BancShares (FCNCA).

Einhorn's Greenlight Capital Bought into Regional Lenders NYCB, First Citizens in Q4

HSBC Holdings

First Citizens BancShares claims in a new court filing that executives at HSBC Holdings , including CEO Noel Quinn, condoned a plan to steal employees and confidential information from Silicon Valley Bank after it collapsed last year and was acquired by First Citizens.

First Citizens claims HSBC execs knew of plot to poach Silicon Valley Bank workers

JACKSONVILLE, Fla. , Feb. 7, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, Alabama.

First Citizens Bank Provides $37 Million to Refinance Birmingham, AL On Campus Medical Office Building

RALEIGH, N.C. , Feb. 6, 2024 /PRNewswire/ -- First Citizens Bank today announced that it has provided $22.5 million in financing for the development of a new outpatient surgery center in Orlando, Florida.

First Citizens Bank Provides $22.5 Million for Orlando Ambulatory Surgery Center

This February, Show Teens and Young Adults with Cancer That You Care RALEIGH, N.C. , Feb. 1, 2024 /PRNewswire/ -- February is nonprofit Teen Cancer America's (TCA) "Month of Love," and First Citizens Bank is encouraging everyone to share the love and give hope to young people with cancer.

First Citizens Bank Joins with Teen Cancer America for 2024 'Month of Love' Campaign

First Citizens Bank is in a buy zone after earnings. It has an ideal EPS Rating while its Relative Strength Rating and Composite Rating are also high.

First Citizens Bank Rises On Strong Earnings

First Citizens BancShares, Inc. (FCNCA) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for First Citizens (FCNCA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for First Citizens BancShares Stock (FCNCA)