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.

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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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RALEIGH, N.C., Jan.  28, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) declared on Jan. 28, 2020, a quarterly dividend of 40 cents per share on the Class A and Class B common stock. The dividend is payable April 6, 2020, to shareholders of record March 16, 2020.

First Citizens BancShares  Declares Dividend

RALEIGH, N.C., Jan.  01, 2020  (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) announced that its acquisition of Entegra Financial Corp. (Entegra) was effective yesterday (Dec. 31).

First Citizens Bank Completes Merger With Entegra Financial Corp., Entegra Bank

DUNN, N.C., RALEIGH, N.C. and FRANKLIN, N.C. , Dec.  23, 2019  (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank), Entegra Bank and Select Bank & Trust Company (Select Bank) announced today that Select Bank has entered into an agreement to buy three Entegra Bank branches in Western North Carolina.

First Citizens Bank, Entegra Bank, Select Bank Announce Agreement for Sale of Three Entegra Branches to Select Bank

RALEIGH, N.C. and DULUTH, Ga., Dec.  19, 2019  (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) and Community Financial Holding Company, Inc. (Community Financial) announced today that Community Financial’s shareholders have approved First Citizens’ pending acquisition of Community Financial and its wholly owned subsidiary, Gwinnett Community Bank.

Community Financial Holding Co. Inc. Shareholders Approve Proposed Merger With First Citizens Bank

RALEIGH, N.C. and FRANKLIN, N.C., Dec.  16, 2019  (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) and Entegra Financial Corp. (Entegra) announced that First Citizens Bank’s previously announced proposal to acquire (by merger) Entegra and its wholly-owned subsidiary, Entegra Bank, has received the required regulatory approvals from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the North Carolina Commissioner of Banks. No further regulatory approvals are required to complete the merger. Completion of the proposed acquisition remains subject to the satisfaction or waiver of other closing conditions, and is expected to occur on or about Dec. 31, 2019.

First Citizens Bank and Entegra Bank Announce Receipt of Regulatory Approvals for Merger

RALEIGH, N.C., Dec.  09, 2019  (GLOBE NEWSWIRE) -- First Citizens Bank announced that its Biscayne Bank division based in Coconut Grove, Fla., 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 Biscayne Bank Division

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RALEIGH, N.C., Oct.  29, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) declared on Oct. 29, 2019, a quarterly dividend of 40 cents per share on the Class A and Class B common stock. The dividend is payable Jan. 6, 2020, to shareholders of record Dec. 16, 2019.

First  Citizens  BancShares  Declares Dividend

RALEIGH, N.C., Oct.  29, 2019  (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (BancShares) (Nasdaq: FCNCA) reported strong earnings for the third quarter of 2019, according to Frank B. Holding, Jr., Chairman of the Board. Key results for the quarter ended September 30, 2019, are presented below:

First Citizens BancShares Reports Earnings for Third Quarter 2019

RALEIGH, N.C. and DULUTH, Ga., Sept.  24, 2019  (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (known as First Citizens Bank) and Community Financial Holding Company, Inc. (Community Financial) announced today the signing of a definitive merger agreement.

First Citizens Bank, Community Financial Holding Co. Inc. Announce Merger Agreement

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Chairman and CEO of First Citizens Bancshares Inc (de) (NASDAQ:FCNCA) Frank B Jr Holding bought 6,293 shares of FCNCA on 06/17/2019 at an average price of $375 a share.

First Citizens Bancshares Inc (de) (FCNCA) Chairman and CEO Frank B Jr Holding Bought $2..

Entegra Financial

First Citizens BancShares Inc. and Entegra Financial Corp announced the signing of a definitive merger agreement Wednesday.

FirstCitizens To Buy Entegra For $220M After Outgunning SmartFinancial

News for First Citizens BancShares Stock (FCNCA)