FCNCA Stock Recent News

BOULDER, Colo. , March 17, 2025 /PRNewswire/ -- Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale storage, announced today it has closed a $53 million preferred equity commitment with Bildmore Clean Energy for a 150MW battery energy storage project that's currently under construction.

First Citizens Bancshares (FCNCA) faces challenges due to its commercial focus and rate sensitivity, with weaker loan demand and lower rates both threatening 2025/26 expectations. First Citizens has seen above-average spread compression, but fee-based income has been growing well and credit costs appear to be under control. Economic uncertainty and potential recession risks lead me to more conservative estimates for 2025-2027, including likely year-over-year contraction in pre-provision profits in 2025.

Relationship will extend availability of venture debt to technology and life science companies nationwide SAN FRANCISCO , March 12, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, announced today it has entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years.

NEW YORK , Feb. 5, 2025 /PRNewswire/ -- First Citizens Bank and Sixth Street, a leading global investment firm, today announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle market companies. A joint venture between Sixth Street's Asset Based Finance platform and First Citizens Bank, Sixty-First Commercial Finance will leverage the well-established capabilities and expertise of both institutions to provide mid- and large-ticket capital equipment financings ranging from $5 million to $100 million, with diverse coverage across equipment asset types and industries.

LOS ANGELES, CA / ACCESS Newswire / February 3, 2025 / XS Financial Inc. ("XS Financial" "XS" or the "Company"), an established equipment finance company serving middle-market storied credits, today announced that it has amended and upsized its current $70 million line of credit with Needham Bank ("Credit Facility") to $100 million, with First Citizens Bank participating for $20 million. XS Financial intends to use loan proceeds to fund additional CAPEX and equipment leases with new and existing customers.

First Citizens BancShares, Inc. (NASDAQ:FCNCA ) Q4 2024 Earnings Conference Call January 24, 2025 9:00 AM ET Company Participants Deanna Hart - Head of IR Frank Holding - Chairman and CEO Craig Nix - CFO Tom Eklund - Treasurer Marc Cadieux - President, Silicon Valley Bank Andrew Giangrave - EVP, Chief Credit Officer Conference Call Participants Bernard von-Gizycki - Deutsche Bank Anthony Elian - JPMorgan Chris McGratty - KBW Christopher Marinac - Janney Montgomery Scott Nicholas Holowko - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens BancShares Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions].

While the top- and bottom-line numbers for First Citizens (FCNCA) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Citizens BancShares (FCNCA) came out with quarterly earnings of $45.10 per share, beating the Zacks Consensus Estimate of $39.46 per share. This compares to earnings of $46.58 per share a year ago.

RALEIGH, N.C. , Jan. 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the fourth quarter of 2024.

RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 17, 2025, to holders of record as of Feb. 28, 2025:   A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.