SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Linea Energy ("Linea"), a renewables-focused developer and independent power producer that is sponsored by EnCap Investments L.P. ("EnCap"), is pleased to announce closing of project debt financing for its Pineview Solar project ("Pineview") this past December. Pineview is a 109MWdc utility-scale solar energy facility located in Wilcox County, Georgia. The Pineview debt financing comprises a construction-to-term loan, a tax equity bridge loan, and a letter of cred ...

New report finds $5.6 billion invested in biopharma AI in 2024SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Venture Capital (VC) investment in healthcare grew to $23 billion in 2024, from $20 billion in 2023, as artificial intelligence (AI) clearly established product fit in the healthcare sector, according to the latest market insights report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI continues to take center stage, especially across biopharma, with 30% of healthcare investment in ...

WALTHAM, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- TScan Therapeutics, Inc. (NASDAQ:TCRX), a clinical-stage biotechnology company focused on the development of T cell receptor (TCR)-engineered T cell (TCR-T) therapies for the treatment of patients with cancer, today announced that it has entered into a term loan facility with Silicon Valley Bank (SVB), a division of First Citizens Bank, for up to $52.5 million. The first tranche of $32.5 million, advanced at loan closing, will be used to retire the existing ...

Financing provided by SVB's Enterprise Software Group NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.Backed by new financing from SVB's Enterprise Software G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 Indicate by check mark whether the registrant (1) has fi ...

As we enter one of the most tumultuous weeks of 2024, the familiar drumbeat of election-year predictions has reached a fever pitch.From Florida, where hurricanes have already made this a stormy year, the view of the national landscape reveals a stark contrast between perception and reality.While internet pundits promise everything from democratic salvation to impending doom, the actual economic indicators tell a more nuanced story.Here's the truth – and two stocks set to profit from it.Despite dire predicti ...

Financing provided by SVB's Enterprise Software Group SAN FRANCISCO, Oct. 31, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure.Provided by SVB's Enterprise Software Group, the new fina ...

RALEIGH, N.C., Oct. 28, 2024 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank, today published new results from its "Beyond Wealth" study that offer fresh insights about affluent business owners. Key findings include: A bare majority (52%) of affluent business owners say they know exactly how much their business is worth. And a large share of those (44%) aren't confident in that assessment. Less than half of affluent business owners (47%) say they have a plan for ...

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q3 2024 Earnings Call Transcript October 24, 2024 9:00 AM ET Company Participants Deanna Hart - Head of Investor Relations Frank Holding - Chairman and CEO Craig Nix - Chief Financial Officer Tom Eklund - Treasurer Marc Cadieux - President of Silicon Valley Bank, a division of First Citizens Bank Conference Call Participants Chris McGratty - KBW David Long - Raymond James Ryan Nash - Goldman Sachs Christopher Marinac - Janney Montgomery Scott Operator Ladies an ...

For the quarter ended September 2024, First Citizens BancShares (FCNCA) reported revenue of $2.45 billion, down 6.1% over the same period last year. EPS came in at $45.87, compared to $55.92 in the year-ago quarter.The reported revenue represents a surprise of +3.79% over the Zacks Consensus Estimate of $2.36 billion. With the consensus EPS estimate being $47.94, the EPS surprise was -4.32%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...