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 (FCB) Healthcare Finance Provides $20.5 Million for Forsyth Physicians Center Acquisition in Atlanta, GA
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First Citizens BancShares, Inc. (NASDAQ: FCNCA) declared dividends for its Class A and Class B common stock, as well as Series A, B, and C preferred stock. The Board declared a quarterly dividend of 75 cents per share on the common stock and specified dividend payments for the preferred stocks. The dividends are payable on Sept. 15, 2023, to shareholders of record as of Aug. 31, 2023.
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Settle (STTL) secures $145 million credit facility with Silicon Valley Bank to support high-growth e-commerce and consumer brands. The cash-flow management platform will use the financing to expand its suite of lending products and help small businesses optimize their cash-flow.
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First Citizens Bank (FCB) serves as sole lead arranger on $211 million financing for 200-megawatt Oak Solar power plant in Gaston, North Carolina. SunEnergy1 LLC to build the solar facility in two phases, selling 100% of power to McDonald's Corp under 17-year agreement.
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First Citizens Bank has provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to support their brand awareness and development. The Georgia Hemp Company operates four storefronts in Georgia and sells a variety of hemp and related products.
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Connectbase (Ticker: CB) secures $16 million debt facility from Silicon Valley Bank for global expansion and ecosystem development. The facility will be used for digital infrastructure intelligence and commerce platform to support accelerated growth. After raising $22 million in Series C funding last year, Connectbase acquired London-based LastMileXchange, an access quoting platform provider, integrating it into the largest global quoting API ecosystem with over 2.4 billion profiled locations across six continents.
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First Citizens Bank (FCB) provides $40 million in construction financing to joint venture for Evelyn City Lofts apartments in Tampa, Florida. The multi-family complex will consist of 245 residential units, 25 of which will be affordable housing. FCB's Real Estate Finance group demonstrates value for real estate investors and developers.
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First Citizens Bank's Energy Finance group served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two battery energy storage projects in Texas. The projects have a total capacity of 160 MW / 320 MWh. BankUnited, N.A. and Siemens Financial Services also participated as Joint Lead Arrangers.
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First Citizens Bank's Real Estate Finance business provided $42.2 million in financing for the development of 1050 North Broadway, a new entertainment production facility in Yonkers, New York. The facility will consist of 112,400 square feet of studio, office, warehouse, and mill space and will be leased to MediaPro US. This project complements two other CIT-financed projects in partnership with National Resources and Great Point Media at the nearby iPark Hudson Studios campus.
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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
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