FCNCA Stock Recent News

RALEIGH, N.C. , Aug. 1, 2024 /PRNewswire/ -- First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand from its core clientele of entrepreneurs and business owners.

First Citizens reported good numbers across the board for Q2'24, beating expectations on every major line item, including better NIM, better fee-based earnings growth, better expense leverage, and lower provisioning. Management continues to grow the loan book at a faster pace than peers and is doing so with solid loan spreads. SVB remains a valuable long-term asset; as IPO activity picks up, it should drive more low-cost deposit growth and better spread leverage and loan growth for FCNCA.

RALEIGH, N.C. , July 31, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $25 million in financing to F.W.

RALEIGH, N.C., July 29, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking group is expanding in the Northeastern U.S., leveraging its deep middle market expertise to provide a full-suite of financial solutions to midsize businesses across the region.

Although the revenue and EPS for First Citizens (FCNCA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Citizens BancShares (FCNCA) came out with quarterly earnings of $50.87 per share, beating the Zacks Consensus Estimate of $44.91 per share. This compares to earnings of $52.60 per share a year ago.

First Citizens (FCNCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK , July 17, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $24 million to finance the acquisition of a post-acute medical rehabilitation hospital in Tulsa, Oklahoma. The Sanders Trust acquired the PAM Rehabilitation Hospital of Tulsa, a 53-bed, freestanding inpatient rehabilitation facility totaling 60,932 square feet.

A federal judge in California has dismissed most of First Citizens BancShares' $1 billion lawsuit accusing HSBC of poaching more than 40 employees of Silicon Valley Bank after its high-profile collapse.

First Citizens BancShares made one of the most high profile transactions of 2023 when it acquired Silicon Valley Bank, but its stock remains discounted compared to other big banks.