Core Viewpoint - AeroVironment, Inc. will participate in the Citizens Technology Conference in San Francisco, highlighting its engagement in industry discussions and innovation [1] Company Participation - AeroVironment's Executive Vice President and Chief Financial Officer, Kevin McDonnell, will take part in a fireside chat on March 2 at 6:30 p.m. ET [1] - The event will be webcast live and archived on AeroVironment's website, indicating the company's commitment to transparency and communication with stakeholders [1]

Core Insights - Citizens Financial Group (CFG) has agreed to acquire substantially all assets of Matrix Capital Markets Group, enhancing its advisory capabilities in the Downstream Energy & Convenience Retail sector [1][4][10] Acquisition Details - The acquisition will be executed by Citizens JMP Securities, LLC, a wholly owned subsidiary of CFG, and is expected to close in the first quarter of 2026, pending regulatory approvals [3] - The financial terms of the transaction have not been disclosed [3] Strategic Rationale - The acquisition aims to broaden CFG's advisory coverage and strengthen its ability to deliver tailored capital markets solutions by integrating Matrix's experienced bankers and client relationships [4] - This move is part of CFG's long-term strategy to diversify revenue streams beyond traditional lending, with a focus on generating fee-based income [5] Financial Performance - CFG's non-interest income rose 10% year over year to $2.39 billion in 2025, with projections for further growth of 6-8% in 2026 [5] - The acquisition is expected to enhance fee-based income and support revenue diversification and long-term growth [5] Industry Trends - The deal reflects a broader trend among regional banks to expand their capital markets and advisory platforms for revenue diversification [6] - Similar acquisitions in the industry, such as Huntington Bancshares acquiring strategic business units from Janney Montgomery Scott, highlight the focus on scaling advisory operations [6] CFG's Previous Acquisitions - CFG has a history of expanding its advisory business through strategic acquisitions, including JMP Group in 2021 and Bowstring Advisors in 2019 [7] - The company has also pursued broader growth initiatives, such as acquiring Investors Bancorp and branches from HSBC Holdings, to strengthen its market presence [8] Market Performance - Over the past six months, CFG's shares have increased by 34.5%, outperforming the industry's growth of 18.6% [11]

NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of First Citizens BancShares, Inc. (“First Citizens” or the “Company”) (NASDAQ: FCNCA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether First Citizens and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the ...

Core Insights - Pomerantz Law Firm is investigating claims on behalf of investors of First Citizens BancShares, Inc. regarding potential securities fraud or unlawful business practices [1] - First Citizens reported a fourth-quarter financial performance that missed analyst expectations, with an efficiency ratio of 64.5%, which is a decline from the previous year [1] - Following the financial report, First Citizens' stock price dropped by $186.97, or 8.49%, closing at $2,016.56 per share [1] Financial Performance - The efficiency ratio for First Citizens was reported at 64.5%, indicating a worsening situation compared to the prior year [1] - The company provided a weaker outlook for revenue, projecting deterioration and weak net interest income for the upcoming year [1] Market Reaction - The announcement of the financial results led to a significant decline in First Citizens' stock price, reflecting investor concerns [1]

Core Viewpoint - Frank B. Holding, Chairman and CEO of First Citizens Bank, has been appointed to the Federal Reserve Board of Governors' Federal Advisory Council for 2026, representing the Fifth District on behalf of the Federal Reserve Bank of Richmond [1]. Group 1: Appointment Details - The Federal Advisory Council (FAC) consists of 12 representatives from the banking industry, one from each Federal Reserve District, and provides consultation to the Federal Reserve Board of Governors on relevant matters [1]. - Holding has been recognized for providing valuable insights to the Richmond Fed over the years, and his appointment is seen as a continuation of this contribution [1]. Group 2: Company Overview - First Citizens Bank is a wholly owned subsidiary of First Citizens BancShares, Inc., which is a top 20 U.S. financial institution with over $200 billion in assets and more than 18,000 associates [1]. - The bank focuses on customer service, disciplined banking practices, strong asset quality, and long-term strategic planning [1]. Group 3: Leadership Background - Frank B. Holding has been the chairman of First Citizens Bank since February 2009 and holds a bachelor's degree in business from the University of North Carolina at Chapel Hill and an MBA from The Wharton School of Finance at the University of Pennsylvania [1]. - He is also involved in other leadership roles, including serving as chairman of the Global Transpark Foundation and as a member of the Wake Forest University Board of Trustees [1].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving First Citizens BancShares and its officers or directors, following disappointing financial results and a significant stock price drop [1][3][4]. Financial Performance - On January 23, 2026, First Citizens reported its fourth-quarter financial results for 2025, revealing an efficiency ratio of 64.5%, which missed analyst expectations and worsened compared to the previous year [3]. - The company provided a weaker outlook, indicating expected deterioration in revenue and weak projections for net interest income in the upcoming year [3]. Stock Market Reaction - Following the announcement of the financial results, First Citizens' stock price fell by $186.97 per share, or 8.49%, closing at $2,016.56 per share on January 23, 2026 [4].

Group 1 - First Citizens Bank has appointed Robert Horne as Director of Middle Market Banking for Florida, aiming to enhance its presence in the state's middle market banking sector [1] - Horne brings over 10 years of experience in commercial banking and equipment finance, which will be crucial for the bank's growth strategy in Florida [1] - The middle market banking practice of First Citizens focuses on clients with revenues exceeding $75 million, providing a comprehensive suite of product solutions [2] Group 2 - First Citizens Bank is headquartered in Raleigh, N.C., and is recognized as a top 20 U.S. financial institution with over $200 billion in assets [3] - The bank offers a wide range of services including personal, business, commercial, and wealth management, emphasizing long-term financial strength [3]

Group 1 - Citizens, Inc. will participate in one-on-one meetings at the Noble Capital Markets' Emerging Growth Virtual Conference on February 4 and 5, 2026 [1][2] - A fireside chat webcast with Citizens management is scheduled for February 4, 2026, at 2:00 PM ET, moderated by a Noble Capital research analyst [3] - The webcast will be accessible on the Company's Investor Relations website and will be archived for future viewing [3] Group 2 - Citizens, Inc. is a diversified financial services company specializing in life, living benefits, and final expense insurance, operating primarily in the U.S., Latin America, and Asia [4] - The company offers innovative products in multiple languages, including English, Spanish, Portuguese, and Mandarin, to meet the evolving needs of its customers [4] - Citizens operates two main segments: Life Insurance, where it is a market leader in U.S. Dollar denominated life insurance, and Home Service Insurance, primarily in the U.S. Gulf coast region [4]

Core Viewpoint - First Citizens BancShares, Inc. reported solid financial performance for Q4 2025, with stable credit quality and strong loan growth, particularly in Global Fund Banking, while returning significant capital to shareholders through share repurchases and debt prepayment [2][5][6]. Financial Highlights - Net income for Q4 2025 was $580 million, up from $568 million in Q3 2025, with net income available to common stockholders increasing to $566 million or $45.81 per share, compared to $554 million or $43.08 per share in the previous quarter [5]. - Adjusted net income for the current quarter was $648 million, an increase from $587 million in the linked quarter, with adjusted net income available to common stockholders at $634 million or $51.27 per share, up from $573 million or $44.62 per share [6]. Loan and Deposit Growth - Loans and leases reached $147.93 billion at December 31, 2025, reflecting a $3.17 billion increase or 2.2% from $144.76 billion at September 30, 2025, driven by a $3.44 billion growth in the Commercial Bank segment [10]. - Deposits totaled $161.58 billion at December 31, 2025, a decrease of $1.61 billion or 1.0% since September 30, 2025, primarily due to a decline in Commercial Bank segment deposits [10]. Interest Income and Margin - Net interest income was $1.72 billion for the current quarter, a decrease of $12 million from the linked quarter, with net interest margin (NIM) at 3.20%, down from 3.26% in the previous quarter [8][11]. Noninterest Income and Expense - Noninterest income increased to $715 million from $699 million in the linked quarter, while noninterest expense rose to $1.57 billion from $1.49 billion, reflecting higher personnel and equipment costs [11]. Credit Quality - Provision for credit losses was $54 million for the current quarter, significantly lower than $191 million in the linked quarter, with net charge-offs decreasing to $143 million (0.39% of average loans) from $234 million (0.65% of average loans) [12][13]. Capital and Liquidity - Capital ratios remained strong, with total risk-based capital at 13.71% and Tier 1 risk-based capital at 11.91% as of December 31, 2025 [13]. - The liquidity position was robust, with liquid assets totaling $56.01 billion, down from $61.92 billion at September 30, 2025 [13]. Acquisition Activity - First Citizens Bank announced an agreement to acquire 138 branches from BMO Bank, expecting to assume approximately $5.7 billion in deposits and acquire about $1.1 billion in loans, with the transaction anticipated to close in the second half of 2026 [3].

Core Insights - A better operating environment and consistent execution from management have significantly benefited investors in Citizens Financial Group, Inc. (CFG) over the past period [1] Group 1 - The improved operating environment has led to positive outcomes for investors who have remained patient with CFG [1] - Management's consistent execution has played a crucial role in delivering these benefits [1]