NEW YORK, Sept. 3, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as lead arranger on $145 million in financing on behalf of Linea Energy LLC for the development of advanced renewable energy projects across the U.S. Established in 2002 and headquartered in San Francisco, California, Linea Energy is a renewables platform and independent power producer focused on the development, ownership, and operation of clean energy infrastructure. It is a portfolio compan ...

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business served as lead arranger in upsizing the credit facility for SG Credit Partners' asset-based lending verticals comprised of SG Consumer Products and SG Commercial Finance, which focus on sponsorbacked CPG companies and the general lower middle market, respectively. The upsize increases the credit facility to support SG Credit's recent addition of its Commercial Finance division as part of its bro ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, i ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe ar ...

JHVEPhoto/iStock Editorial via Getty Images Regional banks have sparked to life on expectations that rate cuts are finally coming, but First Citizens BancShares (NASDAQ:FCNCA) (OTCPK:FCNCB) has continued to outperform since my last update on this commercial-focused lender. Not only has First Citizens continued to outperform the sector with its loan growth, but the bank is also doing so with decent spreads and while shepherding the recovery of Silicon Valley Bank (or SVB). First Citizens has been doing a lit ...

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. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S. The closing of this financing coincides with the announcement that First Citizens Middle Market Banking is expanding its banking services and capabilities to serve midsize business clients across the Northeast. A third generation privately ...

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. Since its launch in 2022, First Citizens Middle Market Banking has been on a continuous growth trajectory and has cultivated a high-performing team of banking experts positioned to serve clients in a wide range of industrie ...

4Tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on tangible common equity are non-GAAP measures that management believes enhances investors' ability to better understand the Company's financial position. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table "Reconciliation of tangible book value per share (non-GAAP)", "Reconciliation of tangible common equity as a percent of tangible assets (non- ...

In the just-reported Q2 earnings release, Citizens saw declines in both the deposit and loan base once again sequentially. Revenues fell in Q2 from a year ago, with Citizens generating $1.963 billion in revenue. These revenues of $1.963 billion were a small increase sequentially from $1.959 billion, but down 6.2% from a year ago. The provision for credit losses was $182 million, which was up from the sequential Q1, and up $6 million from last year's Q2. As such, provisions for losses have been stable largel ...

"PAM Rehabilitation Hospital of Tulsa provides valuable post-acute healthcare services to this growing community," said William Douglass, group head for Healthcare Finance. 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. MEDIA RELATIONS: Ella Bristow (212) 461-5322 [email protected] The Sanders Trust acquired the PAM Rehabilitati ...