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 BancShares, Inc. reported strong financial results in the first quarter of 2024, with net income of $731 million and adjusted net income of $784 million. The company saw growth in loans, deposits, and capital levels, positioning them well for further expansion. Integration efforts with SVB have been successful, driving momentum for the franchise.
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First Citizens BancShares, Inc. (NASDAQ: FCNCA) has declared dividends on its common and preferred stock to be paid on June 17, 2024. The dividends include $1.64 per share on common stock, $13.4375 per share on Series A preferred stock, $24.969742 per share on Series B preferred stock, and $0.351563 per share on Series C preferred stock.
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First Citizens Bank has provided $58.4 million in financing for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The facility will focus on acute rehabilitation of various conditions and will be leased to a joint venture between Baptist Health South Florida and Lifepoint Health.
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First Citizens Bank provided $50 million in financing for the refinancing of Ventana Medical Center, a Class A medical office facility in Tarzana, California. The facility is co-anchored by Cedars Sinai Medical Center and Providence Health System-Southern California. Tristar Realty Group, the affiliate receiving the financing, praised First Citizens' expertise and efficient execution in closing the deal.
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Silicon Valley Bank (SVB) and Trinity Capital Inc. provide a $125 million financing facility to fintech startup Parafin to support businesses on platforms like DoorDash and Amazon. Parafin, utilizing a machine learning-based model, has already extended $5 billion in offers to thousands of businesses since its launch in 2020.
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First Citizens BancShares, Inc. (FCNCA) is set to report its financial results for Q1 2024 on April 25, 2024. The conference call and webcast will be held at 9 a.m. Eastern Time on the same day.
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HawkEye 360 secures $40 million in debt financing to enhance geospatial capabilities, raising a total of $108 million in the past year. The funding underscores investor confidence in the company's strategic vision and technological advancements.
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Silicon Valley Bank's SVB Go online banking platform wins the 2024 Model Bank Award for revolutionizing cash management. The innovative solution caters to high-growth clients, offering personalized banking experiences and real-time cash flow management.
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Coast, a company revolutionizing fleet payments, raised $92 million in new funding. The round includes $25 million in equity capital and $67 million in debt capital. Coast's innovative software uses mobile technology and vehicle data to provide powerful controls for fleet managers, addressing the $120 billion annual fleet fuel payments market in the US.
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Silicon Valley Bank (SVB), a division of First Citizens Bank, opens a new office in downtown San Francisco to serve the innovation economy, featuring modern workspaces, event space, and outdoor terrace. SVB's investment supports growth goals and commitment to innovation clients.
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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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