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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

RALEIGH, N.C., July 19, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) declared on July 19, 2021, a quarterly dividend of 47 cents per share on the company's Class A and Class B common stock. The dividend is payable August 16, 2021, to shareholders of record July 30, 2021.

First Citizens BancShares Declares Dividend

CIT Group

RALEIGH, N.C. and NEW YORK, July 14, 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 Receive FDIC Approval Of Proposed Merger

RALEIGH, N.C., July 06, 2021 (GLOBE NEWSWIRE) -- Matthew “Matt” G.T. Martin has joined First Citizens Bank as Chief Counsel. He is responsible for overseeing the company's corporate and general bank legal functions, litigation management and advising executive management and its corporate board on legal matters. He will also hold the position of Corporate Secretary to the First Citizens BancShares Board of Directors.

Matt Martin Joins First Citizens Bank as Chief Counsel

After a big acquisition toward the latter part of 2020, the stock began to climb and has been on an incredible run. Can it keep going?

First Citizens BancShares Stock Has More Than Doubled Over the Past Year. Can It Keep Going?

RALEIGH, N.C., June 03, 2021 (GLOBE NEWSWIRE) -- First Citizens Wealth Management recently launched the First Citizens Easy Access Line, which provides securities-based lines of credit (SBL) to clients in all 50 states through a partnership with Supernova Technology™. The Supernova partnership supports an easier and more efficient digital experience for advisors and clients.

First Citizens Launches Streamlined Solution for Securities-Based Lines of Credit

First Citizens is a well-run community/regional bank primarily serving the Carolinas. The company is in the process of completing a merger with CIT Group with projections of exceptionally high cost savings outcomes.

First Citizens BancShares: Speculative Optimism

Shan Teel, veteran First Citizens executive, to lead Central North Carolina Region in addition to Eastern North Carolina markets Shan Teel, veteran First Citizens executive, to lead Central North Carolina Region in addition to Eastern North Carolina markets

First Citizens Bank Region Executive Chris Young Retires

Nearly 80% of small business owners optimistic for growth in the year ahead Nearly 80% of small business owners optimistic for growth in the year ahead

First Citizens Bank Forecast Shows Business Growth Confidence Back to Pre-Pandemic Levels

First Citizens BancShares, Inc.'s (FCNCA) CEO Frank Holding on Q1 2021 Results - Earnings Call Transcript

RALEIGH, N.C., April 28, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported strong earnings for the first quarter of 2021. Key results for the quarter ended March 31, 2021, are presented below:

First Citizens BancShares Reports Earnings for First Quarter 2021

To get ready for earnings season, focus on stocks in or near a potential buy range ahead of their next quarterly report. First Citizens Bancshares currently fits that bill.

Earnings Season Watch List: First Citizens Bancshares

First Citizens Bancshares is working on a base and near a possible buy point ahead of its next quarterly earnings report, expected on or around Apr. 28. The post Stocks To Watch Ahead Of Earnings: First Citizens Bancshares appeared first on Investor's Business Daily.

Stocks To Watch Ahead Of Earnings: First Citizens Bancshares

RALEIGH, N.C., April 14, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the first quarter ended March 31, 2021, before the U.S. financial markets open on Wednesday, April 28, 2021.

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

RALEIGH, N.C., April 13, 2021 (GLOBE NEWSWIRE) -- Patrick Nolan has joined First Citizens Bank as director of Investment Strategy.

Nolan Joins First Citizens as Director of Investment Strategy

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- #fintech--Sagent announced a five-year partnership extension with First Citizens Bank marking 20 years of collaboration with Sagent's loan servicing platform.

First Citizens Bank Extends Sagent Partnership for Five Years to Enhance Community Banking Vision with Scalable Servicing Tech

RALEIGH, N.C., March 10, 2021 (GLOBE NEWSWIRE) -- North Carolina-headquartered First Citizens Bank received a total of 14 Greenwich Excellence Awards, recognizing the company as a leader in small business and middle market banking in 2020.

First Citizens Receives 14 Greenwich Excellence Awards for Small Business and Middle Market Banking

Five-year reinvestment plan builds on bank's work, targets resources of the proposed merged company on underserved communities Five-year reinvestment plan builds on bank's work, targets resources of the proposed merged company on underserved communities

First Citizens Bank Announces $16 Billion Community Benefits Plan

RALEIGH, N.C. and NEW YORK, Feb. 9, 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., jointly announced that, at...

First Citizens, CIT Receive Stockholder Approval For Merger

Eagle Materials

MetLife

Toll Brothers

TRI Pointe Group

You may think, in the aftermath of Tesla (NASDAQ:TSLA) and GameStop's (NYSE:GME) huge recent gains, that momentum investing has gone crazy.

Value or Momentum? How About Some of Both

First Citizens BancShares' (FCNCA) CEO Frank Holding on Q4 2020 Results - Earnings Call Transcript

RALEIGH, N.C., Jan. 26, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported strong earnings for the fourth quarter of 2020. Key results for the quarter ended December 31, 2020, are presented below:

First Citizens BancShares Reports Earnings for Fourth Quarter and Full Year 2020

RALEIGH, N.C., Jan. 13, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. today announced that it will report its financial results for the fourth quarter and year ended December 31, 2020, after the U.S. financial markets close on Tuesday, Jan. 26, 2021.

First Citizens BancShares, Inc. Announces Date of 2020 Fourth Quarter and Annual Financial Results, Earnings Call

First Citizens BancShares, Inc. has shown solid and intact growth and stability in its financials over the years. After years of stagnance, the company substantially increased dividend payments while ensuring adequacy to sustain it.

First Citizens BancShares: Unhampered Growth And A Rosy Future

Banco Bilbao Vizcaya Argentaria

Huntington Bancshares

JPMorgan Chase & Co

PNC Financial Services

TCF Financial

The three big regional bank acquisitions of 2020 saw lots of EPS accretion, cost savings, and geographic diversity.

The Largest Bank Acquisitions in 2020 Had These 4 Things in Common

RALEIGH, N.C., Dec. 14, 2020 (GLOBE NEWSWIRE) -- First Citizens Bank announced today that David Biliter has joined the company as president of its registered broker-dealer First Citizens Investor Services, Inc. (FCIS).

News for First Citizens BancShares Stock (FCNCA)