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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 provides $55 million credit facility to National CineMedia to support emergence from bankruptcy.
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First Citizens Bank announces new leadership structure for its wealth organization, with Michael Wilson leading both First Citizens Wealth and SVB Private. The combined organization aims to improve coordination and enhance support for individuals, families, and institutions with financial solutions and guidance.
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First Citizens Bank served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee Inc. The facility refinanced existing debt and increased the facility size to support the company's continued growth. Alex Lee Inc. has completed several acquisitions and expansions, widening its distribution network and retail footprint.
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SVB names Martin Murrell as Head of Global Payments and Milton Santiago as Head of Global Digital Solutions, furthering commitment to innovative products and client solutions.
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First Citizens Bank's CIT Commercial Services completes a $6.5 million credit facility with a California-based importer, taking the lead in managing a significant share of the company's accounts receivable. This tailored solution helps the client manage cash flow and protect assets.
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First Citizens Bank's Healthcare Finance division provided a loan to refinance American House St Petersburg, a senior living community in Florida. The community has 165 units and offers premium amenities. Demand for quality senior housing is strong in this market.
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First Citizens BancShares, Inc. (FCNCA) reported strong financial performance in Q2 2023, driven by the integration of Silicon Valley Bridge Bank. The acquisition included $107.26 billion in assets and $68.46 billion in loans, with an estimated $16.45 billion discount on assets acquired. Net income was $682 million, with adjusted net income of $765 million, representing a $473 million increase from Q1 2023.
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First Citizens Bank (FCB) arranges $58 million financing for Tanger Houston, an open-air outlet center in Texas City. FCB's Middle Market Banking team supports Tanger's growth strategy. FCB, celebrating 125th anniversary, merged with CIT in 2022 and acquired Silicon Valley Bank in 2023, expanding its financial solutions for midsize clients.
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First Citizens Bank's Healthcare Finance business provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak in Maryland. The Pavilion, connected to the Adventist White Oak Medical Center, houses a comprehensive cancer center, primary care services, and specialists.
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SVB Releases Mid-Year Healthcare Investments and Exits Report, Names New Heads of Relationship Management and Credit Solutions for Life Science and Healthcare Practice
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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 $2127.96 as of December 23, 2024.
What is the market cap of First Citizens BancShares (FCNCA)?
The market cap of First Citizens BancShares (FCNCA) is approximately 29.4B.
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
29.42B
10.72M
20.46%
68.39%
2.7%
Banks - Regional
State Commercial Banks
United States of America
RALEIGH