Welcome to our dedicated page for First Ctzns Bancshares N C news (Ticker: FCNCA), a resource for investors and traders seeking the latest updates and insights on First Ctzns Bancshares N C stock.
First Citizens BancShares Inc (FCNCA) maintains its position as a leading financial institution through strategic initiatives and stable leadership. This dedicated news hub provides investors with essential updates spanning corporate announcements, regulatory filings, and market-moving developments.
Access real-time information on earnings reports, mergers and acquisitions, and executive leadership changes. Our curated feed combines official press releases with third-party analysis, offering comprehensive insight into FCNCA's commercial banking operations, wealth management services, and specialized rail financing activities.
Key updates include quarterly performance disclosures, dividend announcements, and strategic partnerships. Track the company's evolving digital banking initiatives and regional market expansions through verified sources. Bookmark this page for continuous access to First Citizens' financial communications and industry commentary.
First Citizens Bank announced the launch of a new webinar series focused on the middle market, aimed at providing expert insights for business owners and executives. The inaugural webinar, titled New Year, New Economy, New Strategies, is set for February 23, 2023, from noon to 1 p.m. ET. The panel, moderated by Brendan Chambers, will include experts discussing economic trends and strategies for middle market companies in 2023. First Citizens, a leading financial institution with assets over $100 billion, aims to enhance relationship banking by offering valuable resources to its clients through this initiative.
First Citizens Bank's Real Estate Finance group has arranged $65.7 million in financing for MainStreet Property Group to develop The Spark Apartments in Redmond, Washington. This Class A multifamily project will feature 211 units with luxury amenities and is designed with sustainability in mind, targeting LEED Platinum and Fitwel certifications. The site is strategically located near major employers such as Microsoft and Amazon, promoting job growth in the area. The financing reflects First Citizens Bank's commitment to supporting innovative real estate developments.
On January 31, 2023, First Citizens Bank announced that its Healthcare Finance group has provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties. This funding is intended for a portfolio of over 300,000 square feet across 13 medical office buildings located in several states, including Virginia, Texas, and California. Leaders from both Kayne Anderson and CIT expressed satisfaction with the collaboration and the support for advancing their business objectives. First Citizens Bank, established in 1898, is a significant player in the U.S. banking sector, with over $100 billion in assets.
First Citizens BancShares (NASDAQ: FCNCA) reported solid financial results for Q4 2022, with a net income of $243 million or $16.67 per diluted share, impacted by a $55 million tax charge from exiting Bank Owned Life Insurance policies. Adjusted net income was $306 million or $20.94 per diluted share. The bank experienced strong loan growth, particularly in the Commercial Bank segment, while deposits grew 8.4% annualized. Despite an increase in nonaccrual loans to 0.89%, overall credit quality remains strong. The company is well-positioned for 2023, with plans to resume share buybacks in the second half of the year.
On January 24, 2023, First Citizens BancShares (NASDAQ: FCNCA) declared quarterly dividends for its Class A and Class B common stock, amounting to $0.75 per share, payable on March 15, 2023, to shareholders of record as of February 28, 2023.
Additionally, dividends for Series A, B, and C preferred stocks were announced, including a 5.375% dividend for Series A and an 8.741% dividend for Series B, both payable on the same date. The company's strong financial position is highlighted, with over $100 billion in assets, reinforcing its stability and commitment to shareholder returns.
First Citizens Bank announced the arrangement of $44.2 million in debt financing for Navios Maritime Partners L.P. through its Maritime Finance group. The financing, secured by product tankers, will enable Navios Partners to refinance existing obligations. Both companies expressed mutual appreciation for their collaboration and the expertise provided by Maritime Finance. First Citizens Bank, headquartered in Raleigh, N.C., is a leading family-controlled bank in the U.S., with over $100 billion in assets.
First Citizens BancShares, Inc. (NASDAQ: FCNCA) will release its fourth quarter and 2022 year-end financial results on January 26, 2023, before U.S. markets open. A conference call is scheduled for 9 a.m. ET on the same day to discuss the results, which may include forward-looking statements. Investors can join via phone or webcast. This follows the merger of First Citizens BancShares and CIT Group in January 2022, establishing them as a top 20 U.S. financial institution with over $100 billion in assets.
CIT, a division of First Citizens Bank, has provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for acquiring a surgical hospital and medical office building portfolio in Wichita, Kansas. The portfolio includes the Kansas Spine & Specialty Hospital, recognized as one of America’s 100 best hospitals for spine surgery, and the Abay Medical Plaza, which houses key healthcare tenants. This acquisition aims to enhance healthcare services in the community, leveraging CIT’s expertise in healthcare finance.
First Citizens Bank has achieved recognition as one of the 2023 Best Places to Work in IT by Foundry's Computerworld. This accolade highlights the bank's positive work environment and commitment to professional growth for its 800+ IT associates. Key offerings include competitive salaries, remote work options, and a focus on diversity and inclusion. Dede Ramoneda, the CIO, noted that the ranking reflects the organization's dedication to exceptional service and enriching experiences for both employees and customers.
CIT, a division of First Citizens Bank, has announced its role as co-coordinating lead arranger for an $85 million construction-to-term debt financing for NineDot Energy. The funds will support the development of 11 battery storage projects in the NYC metro area, aimed at enhancing grid resiliency and supporting renewable energy. NineDot Energy is backed by Carlyle Group (NASDAQ: CG) and will implement projects across the Bronx, Staten Island, Queens, and Long Island, totaling 43 MW in capacity.
