FCNCA Stock Recent News
FCNCA LATEST HEADLINES
FCNCA may have low dividend, but is looking to distribute around 190bps of CET1 ratio in share repurchase. Strong deposit, loan growth puts bank in good position to grow. FCNCA remains relatively undervalued to peers in terms of P/E and P/TB metrics.
RALEIGH, N.C. , May 29, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $31.5 million in financing to national fashion retailer Jaclyn LLC for the purchase of a newly constructed industrial warehouse and distribution center in Southern California.
NEW YORK , May 28, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Commercial Real Estate business served as sole lender on a $74 million senior secured loan to Lonicera Partners on a 23-story, class A multifamily building in Downtown Brooklyn, New York. Located at 310 Livingston Street, the building features 160 luxury apartment units and over 8,600 square feet of ground floor retail and premier amenity space.
The U.S. Federal Reserve Board has issued an enforcement action with First Citizens Bank of Butte in Montana, the board said in a statement on Tuesday.
First Citizens (FCNCA) could produce exceptional returns because of its solid growth attributes.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The headline numbers for First Citizens (FCNCA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a solid first quarter on Thursday (April 25) marked by an optimistic take on consumer spending.
First Citizens BancShares (FCNCA) came out with quarterly earnings of $52.92 per share, beating the Zacks Consensus Estimate of $44.27 per share. This compares to earnings of $20.09 per share a year ago.
First Citizens (FCNCA) possesses solid growth attributes, which could help it handily outperform the market.