Core Viewpoint - First Citizens BancShares, Inc. will report its financial results for the quarter ended December 31, 2025, on January 23, 2026, before U.S. financial markets open [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and webcast scheduled for 9 a.m. Eastern time on the same day [1] - The conference call and webcast may include forward-looking statements and other material information [1] Group 2: Pre-registration and Access Information - Investors can pre-register for the call via a recommended webcast link [2] - A confirmation email with details will be sent after registration [2] - Telephone access is available for North America and other locations with specific dialing instructions provided [2] Group 3: Company Overview - First Citizens BancShares, Inc. is a top 20 U.S. financial institution with over $200 billion in assets and is a member of the Fortune 500 [3] - The company serves as the financial holding company for First-Citizens Bank & Trust Company, headquartered in Raleigh, N.C. [3] - First Citizens offers a range of banking services, including commercial banking, innovation banking, and a nationwide direct bank [3]

DENVER, Dec. 17, 2025 /PRNewswire/ -- Pivot Energy ("Pivot"), a leading national renewable energy provider and independent power producer, today announced three important financing agreements totaling $225 million, showcasing the company's continued momentum and commitment to scaling renewable energy production and distributed generation solar. The financing includes: This announcement follows Pivot's $450 million debt warehouse facility secured last year, which was led by First Citizens and ATLAS and ranks ...

Financing to Support Growth from 2+ GW Solar and Storage Pipeline JERSEY CITY, N.J., Dec. 16, 2025 /PRNewswire/ -- Soltage, a leading independent power producer developing, financing and operating distributed solar and energy storage assets across the U.S., today announced the closing of an $80 million syndicated development revolver facility. The facility is led by First Citizens Bank as sole bookrunner, administrative agent and coordinating lead arranger and EastWest Bank as coordinating lead arranger. Th ...

Core Insights - Self-improvement is a priority for many Americans as 2026 approaches, with 42% planning to set New Year's resolutions and expecting to spend an average of $4,700 to achieve their goals [1][3] - Financial resolutions are a major focus, with 55% of those making resolutions committed to budgeting, saving, investing, paying off debt, or building credit [1][5] Spending Patterns - Men plan to spend more than women on resolutions, averaging $5,360 compared to $4,000, with men aged 35-54 being the highest spenders at over $6,000 [3] - The most expensive category of resolutions is personal-life resolutions, with an average budget of $3,047, including $1,251 for travel and $768 for meals and entertainment [4] Gender Differences in Financial Goals - 73% of both men and women prioritize financial goals, but men are more likely to engage in investing (55% vs. 37%), improving credit scores (49% vs. 35%), and contributing to retirement plans (39% vs. 26%) [5][6] - Women are more inclined to reduce spending (65% vs. 55%) and take on additional work (46% vs. 42%) to achieve their financial goals [7] Saving Goals - 81% of Americans are saving with specific goals in mind for 2026, with travel being the most popular goal (40%), followed by purchasing a car (25%) and buying a house (21%) [8] - CIT Bank offers tools for customers to create savings buckets for different goals, enhancing the ability to visualize and connect emotionally with saving [9]

Core Insights - First Citizens BancShares is expanding its presence in Boston following its acquisition of Silicon Valley Bank, joining a trend of banks entering or expanding in the area [1][8] - Boston's affluent market, characterized by strong sectors in healthcare, biomedical research, technology, and venture capital, presents significant opportunities for banks [3][4] - The competitive landscape in Boston is dominated by Bank of America, Citizens Financial Group, and Santander, which collectively hold 47% of local deposits [5][8] Bank Expansion and Mergers - KeyCorp has announced plans to expand its retail banking presence in Boston, indicating the area's high priority for regional banks [2] - Recent mergers in the local banking sector include Berkshire Hills Bancorp's merger with Brookline Bancorp and Eastern Bankshares' acquisition of HarborOne, suggesting a trend towards consolidation [6][7] - The ongoing banking upheaval is creating opportunities for community banks to compete effectively against larger institutions [7] First Citizens' Strategy - First Citizens aims to leverage technology inherited from SVB to enhance its service offerings in Boston, targeting a diverse clientele from mass market to high net worth individuals [10][11] - The bank is implementing a "retain and expand strategy," focusing on maintaining existing clients while actively seeking new ones [11] - First Citizens is also building its wealth management division in Boston, hiring 50 advisors in 2025 to strengthen its service capabilities [13] Focus on Startups and Innovation - The bank plans to capitalize on SVB's legacy in lending to venture capital and private equity firms, aiming to build long-term relationships with startups [14] - First Citizens is developing a Startup Banking team to serve early-stage companies, fostering loyalty that could lead to broader banking relationships [14][15]

Group 1 - First Citizens Bank has appointed Snow Holding as Director and Market Leader of Middle Market Banking for the Northeast, focusing on business expansion in Boston and New York [1] - Holding has a six-year tenure at First Citizens, previously serving in Deposit and Treasury Services and as Manager of Business Banking in Boston [1] - The bank's middle market banking practice has been operational in the Northeast for two years, targeting clients with revenues above $75 million [2] Group 2 - First Citizens Bank aims to enhance its Business, Commercial, and Wealth presence in the Northeast region, with plans for further market expansion [2] - The bank offers a comprehensive suite of products and services designed for middle market clients, emphasizing a high-touch client-centric banking experience [2] - First Citizens BancShares, Inc. is a top 20 U.S. financial institution with over $200 billion in assets, providing a wide range of banking services nationwide [3]

Core Insights - Peregrine Energy Solutions has secured a preferred equity commitment from Bildmore Clean Energy for a battery energy storage project currently under construction, alongside financing from a group of lenders [1][2] - The company has developed a pipeline of 15 GWh of storage across various regions, with two projects under construction in Texas [2] - Peregrine has previously announced multiple rounds of financing in 2023, indicating strong investor support [2] Company Overview - Peregrine Energy Solutions was founded in April 2022 and focuses on utility-scale energy storage [3] - The company is a partnership between Peregrine Energy Management and a global alternative investment manager with approximately $20 billion in assets [3] Financing Details - The recent financing includes a preferred equity commitment and bridge financing from First Citizens Bank and Societe Generale, highlighting the innovative capital structure supporting Peregrine's growth [1][2] - Previous financing rounds in 2025 included $53 million from Bildmore and $115 million from First Citizens Bank and Nomura Securities [6] Partner and Investor Profiles - Bildmore Clean Energy specializes in providing preferred equity commitments for utility-scale battery storage and solar projects [5] - AB CarVal, part of AllianceBernstein, has invested over $6 billion in energy transition investments since 2017 [4] - First Citizens Bank and Societe Generale are key financial partners, with First Citizens having over $200 billion in assets and Societe Generale serving clients in 62 countries [7][8]

Core Insights - First Citizens Bank's Healthcare Finance division provided $38 million in first-mortgage debt to Stockdale Capital Partners for the acquisition of Willow Oaks Corporate Center, a 401,000-square-foot medical outpatient campus in Fairfax, VA [1][2] Company Overview - Stockdale Capital Partners is a private equity real estate firm with over 30 years of experience and $2.8 billion in assets, focusing on healthcare, office, retail, and mixed-use properties in key Western U.S. markets [3] - First Citizens Bank, headquartered in Raleigh, N.C., is a top 20 U.S. financial institution with more than $200 billion in assets, offering a range of banking services including commercial banking and healthcare finance [5] Strategic Goals - Stockdale aims to leverage the tech-forward and amenity-rich environment of Willow Oaks to attract complementary healthcare providers and enhance community access to high-quality care [2] - First Citizens Bank's Healthcare Finance division provides tailored capital solutions to support healthcare owners and operators, emphasizing a client-focused and industry-centric model [4]

Financial Performance - Net income for the three months ended September 30, 2025, was $568 million, a decrease of 11.1% compared to $639 million for the same period in 2024[15]. - Total revenue for the three months ended September 30, 2025, was $2,433 million, a slight decrease from $2,446 million in the same period of 2024, representing a decline of about 0.5%[200]. - Net income for the nine months ended September 30, 2025, was $1,626 million, a decrease from $2,077 million in the same period of 2024, representing a decline of approximately 21.7%[22]. - Basic earnings per common share for the nine months ended September 30, 2025, was $119.70, down from $140.27 in 2024, representing a decline of 14.6%[174]. - The company reported total noninterest expense of $1,491 million for the three months ended September 30, 2025, compared to $1,456 million for the same period in 2024, reflecting an increase of about 2.4%[200]. Income and Expenses - Total interest income decreased to $2,998 million for Q3 2025, down 4.5% from $3,138 million in Q3 2024[15]. - Noninterest income increased to $699 million for Q3 2025, up 7.5% from $650 million in Q3 2024[15]. - Net interest income after provision for credit losses was $1,543 million for Q3 2025, down 8.1% from $1,679 million in Q3 2024[15]. - Total noninterest income for the nine months ended September 30, 2025, was $2,012 million, up from $1,916 million in the same period of 2024, indicating an increase of approximately 5%[201]. - The company’s income before income taxes for the three months ended September 30, 2025, was $751 million, down from $873 million in the same period of 2024, representing a decrease of approximately 13.9%[200]. Assets and Liabilities - Total assets increased to $233,488 million as of September 30, 2025, up from $223,720 million at December 31, 2024, representing a growth of 7.9%[13]. - Total liabilities increased to $211,502 million as of September 30, 2025, up from $201,492 million at December 31, 2024, reflecting a growth of 5.5%[13]. - The company’s total stockholders' equity at September 30, 2025, was $21,986 million, a decrease from $22,828 million at September 30, 2024[20]. - Total deposits grew to $163,190 million as of September 30, 2025, an increase of 5.8% from $155,229 million at December 31, 2024[13]. Credit Losses and Provisions - Provision for credit losses rose to $191 million in Q3 2025, compared to $117 million in Q3 2024, indicating a 63.2% increase[15]. - The provision for credit losses increased to $460 million for the nine months ended September 30, 2025, compared to $276 million in 2024, indicating a rise of 66.5%[22]. - The provision for loan and lease losses for the three months ended September 30, 2025, was $214 million, an increase of 74% compared to $123 million for the same period in 2024[102]. Investment Securities - As of September 30, 2025, total investment securities amounted to $43.911 billion, with an amortized cost of $45.316 billion, reflecting gross unrealized losses of $1.783 billion[41]. - The total investment securities available for sale amounted to $34,963 million as of September 30, 2025, with $13,781 million in U.S. Treasury securities[141]. - The total net unrealized losses on investment securities available for sale as of September 30, 2025, were $541 million, compared to $843 million at December 31, 2024[49]. Loans and Leases - Total loans and leases increased to $144.758 billion as of September 30, 2025, compared to $140.221 billion at December 31, 2024, reflecting a growth of approximately 3.6%[55]. - The total commercial loans increased to $116.428 billion as of September 30, 2025, from $111.993 billion at December 31, 2024, marking a growth of approximately 4.1%[55]. - Nonaccrual loans totaled $1,406 million as of September 30, 2025, compared to $1,184 million at December 31, 2024[61]. - The total for global fund banking loans was $31,615 million, with a pass classification of $29,516 million[70]. Shareholder Actions - Cash dividends declared for common shares were $5.85 per share for the nine months ended September 30, 2025, compared to $4.92 per share in 2024, reflecting an increase of 18.9%[22]. - The company repurchased 1,098,992 shares of Class A common stock for $2,148 million during the nine months ended September 30, 2025[22]. - As of September 30, 2025, the total common stock outstanding decreased to 11,613,444 shares from 12,070,794 shares as of June 30, 2025, reflecting a repurchase of 457,350 shares[168]. Tax and Regulatory - The global effective income tax rate for the three months ended September 30, 2025, was 24.4%, a decrease from 26.8% in 2024, primarily due to increased tax credits and reduced state and local tax rates[175]. - The effective tax rate may vary from the forecasted rate due to changes in factors such as the mix of domestic and international earnings and adjustments to valuation allowances[176]. Risk Management - BancShares is exposed to litigation risk from legal actions arising from normal business activities, with damages claimed in various amounts[211]. - The company is also exposed to litigation risk related to prior business activities of banks from which assets were acquired and liabilities assumed[211].

Core Insights - The "Beyond Wealth" study by First Citizens Wealth reveals that business owners and wealthy Americans are adapting their financial strategies to navigate economic challenges while maintaining optimism about their ventures [1][4] Group 1: Business Owners' Financial Strategies - A significant majority of business owners (66%) fund their operations through personal savings, with 40% relying on traditional bank loans [2] - Experienced entrepreneurs are more likely to utilize private equity or venture capital, with 38% of seasoned owners doing so compared to 18% of first-time owners [2] - Experienced owners are also reinvesting in their businesses at higher rates, focusing on long-term growth despite economic pressures [3] - Business owners are adjusting pricing strategies (34%), increasing marketing efforts (23%), and changing vendor relationships (22%) in response to economic challenges [3] Group 2: Business Exit Plans and Financial Confidence - Most business owners plan to exit through a sale, with family, business partners, or management as common successors, yet only 40% intend to retire post-exit [4] - There is a strong sense of control and optimism among business owners, with 54% expressing confidence in their financial situation, compared to 35% of wealthy non-owners [7] Group 3: Wealthy Americans' Financial Behavior - Wealthy Americans have diversified their sources of wealth, with "stock/options in company employed with" seeing the largest year-over-year increase [5] - Despite strong financial positions, over half of wealthy Americans feel stressed about finances, primarily due to inflation (62%) and stock market volatility (44%) [6] - Wealthy Americans are cutting back on discretionary spending, particularly on luxuries, in response to financial stressors [6] Group 4: Investment Trends Among Wealthy Americans - Most wealthy Americans focus on traditional assets like stocks and mutual funds, but there is a growing trend towards diversification, with 45% owning private equity and 35% owning cryptocurrencies [8] - Generational differences in investment preferences are evident, with Millennials favoring private equity and cryptocurrencies, while Boomers prefer more traditional savings methods [8]