Financing led by SVB's National Fintech Practice SAN FRANCISCO, June 18, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Setpoint, today announced it has provided a warehouse facility to UpEquity, an Austin-based mortgage technology company that provides solutions for home buyers to help them purchase a new home before they sell their current home. The facility will provide up to $200 million in financing capacity and is expected to support $1 bi ...

Agentic AI, Defense Tech, and Industrial Automation Propelling the Sector SAN FRANCISCO, June 10, 2025 /PRNewswire/ -- Venture Capital (VC) investment in frontier technology is up 47% year-over-year, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI-driven demand for compute power, VC-backed defense innovations, and rapid growth in industrial automation are driving record-setting growth for the sector. "Within the innovation economy, frontier tech bears the ...

Company Overview - First Citizens BancShares Inc. is a mid-sized U.S. bank that provides checking, savings, money market, and time deposit accounts [1] - The bank focuses on commercial construction, commercial and industrial loans, and SBA financing in its lending operations [1] Analyst Background - The analyst has over five years of experience in the Australian banking industry, enhancing their understanding of financial institutions and sharpening analytical skills in assessing bank stocks [1] - The analyst has been an active investor for more than half a decade, primarily focusing on equity markets with a target return of over 10% per annum [1] - The analyst aims to demystify the complexities of bank stocks and provide practical advice to foster a community of knowledgeable investors [1]

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Deanna Hart - Head of Investor Relations Frank Holding - Chairman and Chief Executive Officer Craig Nix - Chief Financial Officer Tom Eklund - Treasurer Marc Cadieux - President of Silicon Valley Bank Andrew Giangrave - Executive Vice President and Chief Credit Officer Conference Call Participants Chris McGratty - Keefe, Bruyette & Woods, Inc. Christopher Marinac - Janney Montgomery ...

First Citizens BancShares, Inc. First Quarter 2025 Earnings Conference Call April 24, 2025 | Agenda | Pages | | --- | --- | | Section I – First Quarter Overview & Strategic Priorities | 4 – 6 | | Section II – First Quarter 2025 Financial Results | 7 – 26 | | Financial Highlights | 8 – 9 | | Earnings Highlights | 10 | | Net interest income, margin and betas | 11 – 13 | | Noninterest income and expense | 14 – 15 | | Balance Sheet Highlights | 16 | | Loans and Leases | 17 – 18 | | Deposits | 19 – 20 | | SVB Co ...

First Citizens BancShares (FCNCA) came out with quarterly earnings of $37.79 per share, beating the Zacks Consensus Estimate of $37.72 per share. This compares to earnings of $52.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.19%. A quarter ago, it was expected that this bank would post earnings of $39.46 per share when it actually produced earnings of $45.10, delivering a surprise of 14.29%.Over the last four quarters, ...

| Dollars in millions, except per share data | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | Summary Financial Data & Key Metrics | | March 31, 2025 | | December 31, 2024 | | March 31, 2024 | | Results of Operations: | | | | | | | | Net interest income | $ | 1,663 | $ | 1,709 | $ | 1,817 | | Provision for credit losses | | 154 | | 155 | | 64 | | Net interest income after provision for credit losses | | 1,509 | | 1,554 | | 1,753 | | Noninterest income | | 635 | | 699 | | 627 | ...

RALEIGH, N.C., April 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the first quarter of 2025.Chairman and CEO Frank B. Holding, Jr. said: "Our first quarter financial results were solid, including loan growth in the Commercial Bank and SVB Commercial segments, as well as deposit growth, primarily in the Direct Bank and throughout our Branch Network. Credit remained stable with net charge-offs declining from the fourth quarter. We maintained str ...

RALEIGH, N.C., April 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on June 16, 2025, to holders of record as of May 30, 2025:   A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock. A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Ser ...

Core Insights - The climate tech sector is experiencing a recovery with increased venture capital investment in energy, manufacturing, and carbon technology, outperforming overall VC with a 9% higher internal rate of return (IRR) for the 2020-2024 fund vintage [1][2] Fundraising Landscape - 57% of US VC-backed climate tech companies need to raise funds within the next twelve months, despite over half reducing their burn year-over-year [5] - Early-stage investment remains resilient compared to later-stage activity, indicating a healthy pipeline for future growth [5] Sector Trends - By 2030, it is projected that half of electricity generation will come from renewable resources, with climate tech solutions expected to transform the energy and power sector [5] - Climate tech valuations have risen after bottoming out in 2023, with Series B and C+ rounds reaching decade highs of $30 million and $60 million respectively in 2024 [5] Financial Performance - Climate tech hardware companies saw revenue growth rates decline from a median of 58% at the end of 2021 to 19% by the end of 2023, while climate tech software companies achieved a 30% higher profit margin in 2024 [5] - Clean energy and power companies closed 382 deals, surpassing $7 billion in investment in 2024, marking a 15% year-over-year increase and more than a threefold rise over pre-COVID levels [5] M&A Activity - Mergers and acquisitions (M&A) activity has returned to 2020 levels, with financial buyers increasing their share of transactions from 15% to 40% between mid-2023 and early 2024 [5]