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.
The Board of Directors of First Citizens BancShares declared a quarterly dividend of 75 cents per share on Class A and Class B common stock, marking an increase of 28 cents from the previous quarter. This dividend is payable on Dec. 15, 2022, to shareholders of record by Nov. 30, 2022. Additionally, dividends on the Series A, B, and C preferred stocks were also announced. The positive decision reflects the company’s strong financial performance following the merger with CIT Group, resulting in over $100 billion in assets.
CIT, a division of First Citizens Bank, announced a financing deal of $39.25 million for Ridgeline Capital Partners to acquire a portfolio of seven medical office buildings and dialysis centers located in Texas, Georgia, Washington, and Idaho. The acquired properties consist of over 150,000 square feet of modern healthcare facilities. This transaction showcases CIT's commitment to supporting healthcare investments and demonstrates Ridgeline's expertise in the healthcare real estate sector.
CIT Commercial Services, a subsidiary of First Citizens Bank, announced a successful completion of a $50 million factoring facility with a West Coast consumer technology firm on October 12, 2022. This agreement aims to enhance the client's working capital flexibility, underscoring CIT's role as a leading provider of financial services in the consumer product sector. Darrin Beer, CIT's western regional manager, expressed satisfaction in supporting the client's needs within a dynamic industry. First Citizens BancShares, Inc. (NASDAQ: FCNCA) continues to enhance its financial offerings across the U.S. with over $100 billion in assets.
First Citizens BancShares will report its financial results for the third quarter on Oct. 27, 2022, before U.S. markets open. A conference call will follow at 8:30 a.m. ET to discuss these results. Investors can access the call by dialing specific numbers based on their location. The presentation and news release will be available on the company’s investor relations website. After the call, a replay will be accessible until Nov. 17, 2022.
Following a merger with CIT Group Inc., First Citizens is among the top 20 U.S. financial institutions, boasting over $100 billion in assets.
CIT Northbridge Credit, a division of First Citizens Bank, announced a $40 million revolving credit facility for Biery Cheese to refinance existing debt and enhance production capacity. This financing aims to support Biery Cheese's operational growth and diversify its customer base. The company produces up to 130 million pounds of cheese annually from its Louisville, Ohio facility. Biery Cheese's CEO, Ben Biery, expressed gratitude for CIT's assistance in their strategic financing, highlighting the company's long-standing reputation and experienced management team.
CIT, a division of First Citizens Bank, announced it arranged $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals located in the Dallas/Fort Worth, Texas area. The properties, branded as Baylor Scott & White Emergency Hospital, cover 189,385 square feet of fully leased space. Rethink Healthcare Real Estate, the buyer, emphasized the importance of micro-hospitals in healthcare delivery. CIT Healthcare Finance continues to strengthen its relationship with Rethink through this investment, showcasing its role in middle market healthcare financing.
CIT Northbridge Credit, part of First Citizens Bank, announced financing for Mohawk Fine Papers, North America's largest privately held premium paper manufacturer. The funds will refinance existing debt and provide working capital for strategic initiatives. Mohawk, family-owned since 1931, is known for its innovative and sustainable paper products. CFO Casey Rosenzweig praised CIT's flexibility in designing a financing package to support their growth. Neal Legan from CIT emphasized Mohawk's legacy and experienced management as key factors in their financing commitment.
CIT, a division of First Citizens Bank, has provided $110 million in senior secured credit facilities to Quipt Home Medical Corp. The financing comprises a delayed draw term loan and a revolving credit facility, aimed at refinancing existing debt and facilitating future growth, including acquisitions. Quipt, a leader in home medical equipment focused on in-home monitoring, views this financing as a validation of its business model and a means to pursue its aggressive growth strategy while maintaining a healthy balance sheet.
CIT Northbridge Credit has arranged a $65 million revolving credit facility for Everlane, a retailer focused on sustainable apparel. This financing will support Everlane's growth through new stores and product expansion, enhancing its sustainability mission. Everlane, founded in 2011, operates primarily online and through 10 retail locations across the U.S. The partnership reflects CIT Northbridge's commitment to supporting companies in the apparel sector, particularly with the growing emphasis on environmental impact.
CIT, a division of First Citizens Bank, has arranged debt financing to support SK Capital Partners' investment in VanDeMark Chemical, in collaboration with existing co-owner Comvest Partners. The financing was supported by participation from HSBC, Siemens, and Israel Discount Bank. VanDeMark, based in Lockport, N.Y., specializes in high-end specialty chemical intermediates across diverse markets including life sciences and electronics. CIT Sponsor Finance provides senior financing for middle-market private equity firms, enhancing its role in private equity transactions.
