Welcome to our dedicated page for First Citizens BancShares news (Ticker: FCNCA), a resource for investors and traders seeking the latest updates and insights on First Citizens BancShares stock.
First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. Founded as the Bank of Smithfield in North Carolina, FCB has expanded through de novo branching and acquisitions. Operating in nearly half of the continental United States, FCB primarily takes deposits in the Carolinas. Historically influenced by the Holding family, FCB provides retail and commercial banking services, trust, wealth management, with main revenue from net interest income.
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First Citizens Bank - First Citizens Bank announces a $6.5 billion addition to its Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members, extending support to Northern California and Massachusetts following its acquisition of Silicon Valley Bank. The commitment includes $2.25 billion in small business lending, $3.6 billion in Community Reinvestment Act (CRA) development lending and investing, and $650 million in residential mortgages to low- and moderate-income (LMI) borrowers. First Citizens will also commit to $35 million in CRA grants or contributions, with $10 million dedicated to an affordable home mortgage subsidy program.
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First Citizens Bank is donating $200,000 to nonprofit organizations providing housing relief and essential assistance to areas affected by the recent Hawaii wildfires, including Hale Mahaolu and Maui Economic Opportunity, Inc.
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First Citizens Bank provided $44 million in construction financing to Greek Real Estate Partners (GREP) to build a 287,000-square-foot distribution center in Philadelphia. The facility will be located on a 21.25-acre lot and is expected to be completed in the first half of 2025.
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First Citizens BancShares, Inc. (Nasdaq: FCNCA) announces the death of Floyd Keels, a longtime member of the company's Board of Directors. Mr. Keels served on the board since 2014 and was an active member of the audit and trust committees. Frank B. Holding Jr., chairman and CEO of First Citizens, expressed condolences and praised Keels' leadership and contributions.
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First Citizens Bank launches annual campaign to raise awareness and funds for Teen Cancer America (TCA), a nonprofit organization that develops specialized programs and facilities for teens and young adults with cancer. The campaign runs through Dec. 31 and aims to improve treatment experiences and outcomes for young people with cancer. Donations can be made through teencanceramerica.org or firstcitizens.com/teen-cancer-america.
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First Citizens BancShares reports solid Q3 financial results with strong revenue growth and disciplined expense management. The company remains focused on managing credit risk and generating long-term tangible book value growth.
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First Citizens BancShares, Inc. declares dividends on common and preferred stock. The quarterly dividend on Class A and Class B common stock is increased from 75 cents per share to $1.64 per share. Dividends will be payable on Dec. 15, 2023.
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First Citizens Bank has provided $60 million in financing to Gore Street Energy Storage Fund for the development of a 200-megawatt battery storage project in California. The financing will support the project's development and provide liquidity for Gore Street Energy Storage.
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Silicon Valley Bank (SVB) is showcasing new products and services at the Money20/20 event. SVB Go, their digital banking platform, is being rolled out to clients. SVB also has new travel and expense management tools, embedded finance solutions, and real-time digital onboarding. In 2024, SVB will launch real-time payments origination functionality. SVB provides banking services, debt-financing solutions, and market insights to the innovation economy.
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First Citizens Bank's subsidiary, CIT Commercial Services, closed three major client financing transactions. A $50 million factoring facility was provided to a Midwest-based supplier of home comfort products. A California-based wholesaler of health and wellness products and a wholesaler of socks and hosiery also received working capital financing and factoring facilities. The California-based companies are expected to generate over $100 million in combined factoring volume.
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FAQ
What is the current stock price of First Citizens BancShares (FCNCA)?
The current stock price of First Citizens BancShares (FCNCA) is $2130.51 as of December 20, 2024.
What is the market cap of First Citizens BancShares (FCNCA)?
The market cap of First Citizens BancShares (FCNCA) is approximately 29.0B.
When was First Citizens BancShares Inc founded?
First Citizens BancShares Inc, the bank holding company of First Citizens Bank & Trust Company, was founded as the Bank of Smithfield in North Carolina.
How does FCB primarily generate revenue?
FCB's main source of revenue is net interest income.
In how many states does First Citizens Bank operate?
First Citizens Bank operates in nearly half of the continental United States, but principally takes deposits in the Carolinas.
What services does FCB provide?
FCB provides a wide range of retail and commercial banking services, traditional lending, deposit-taking, trust, and wealth management.
What is the historical influence on FCB?
FCB's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock.
What is the significance of First Citizens Bank today?
First Citizens Bank today is a full-service banking institution with more than 6,000 employees and more than 560 branches in 18 states.
What is the current financial condition of First Citizens BancShares Inc?
FCB, the parent company, has more than $30 billion in assets.
Where is First Citizens BancShares Inc headquartered?
First Citizens BancShares Inc is headquartered in Raleigh, North Carolina.
What is the core business of First Citizens BancShares Inc?
The core business of FCB is providing retail and commercial banking services, trust, and wealth management.
What is the stock symbol of First Citizens BancShares Inc?
The stock symbol of First Citizens BancShares Inc is FCNCA.
How does FCB help its clients build financial strength?
First Citizens Bank helps personal, business, commercial, and wealth clients build financial strength through various banking services and offerings.
First Citizens BancShares Inc
Nasdaq:FCNCA
FCNCA Rankings
FCNCA Stock Data
28.97B
10.72M
20.46%
68.39%
2.7%
Banks - Regional
State Commercial Banks
United States of America
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