JACKSONVILLE, Fla., Feb. 7, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, Alabama. The medical office building spans over 200,000 rentable square feet and is located on the Grandview Medical Center campus. The property is conveniently located near the border of Jefferson and Shelby counties on US 280. Tenants includ ...

RALEIGH, N.C., Feb. 6, 2024 /PRNewswire/ -- First Citizens Bank today announced that it has provided $22.5 million in financing for the development of a new outpatient surgery center in Orlando, Florida. The center will have six operating rooms and 23 beds and will provide outpatient surgical services in bariatrics, cardiology, endoscopy, general surgery, neurology, orthopaedic surgery, otolaryngology, and plastic and vascular surgery. Surgical Investors & Advisors LLC played an important role in arranging ...

This February, Show Teens and Young Adults with Cancer That You CareRALEIGH, N.C., Feb. 1, 2024 /PRNewswire/ -- February is nonprofit Teen Cancer America's (TCA) "Month of Love," and First Citizens Bank is encouraging everyone to share the love and give hope to young people with cancer. February is nonprofit Teen Cancer America’s (TCA) “Month of Love,” and First Citizens Bank is encouraging everyone to share the love and give hope to young people with cancer. "TCA's Month of Love is a time set aside to ...

Deanna Hart - SVP, IR First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q4 2023 Results Conference Call January 26, 2024 9:00 AM ET Frank Holding - CEO Elliot Howard - Director-Financial Strategy Andy Giangrave - EVP, CCO Brian Foran - Autonomous Christopher Marinac - Janney Montgomery Scott Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens Bancshares Fourth Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded. Deann ...

Conference Call Participants Brady Gailey - KBW Steven Alexopoulos - JP Morgan Christopher Marinac - I2BBA Brian Foran - Autonomous Frank Holding On Page 6, we continue to make great progress in integrating SVB and our initial stabilization efforts are complete. As a result of our continued focus on an outreach to our clients, we continue to see stabilization in loan and deposit balances during the quarter. We have materially completed our strategic assessment work. Currently, we are leveraging the insights ...

Brody Preston For the year. Okay. Cool. And then the last 1 was, Craig, you guys -- it's such a small portion of the loan portfolio now, that Class B office that you inherited from CIT. I think the $1.1 billion is what's for the commercial bank. And so it's less than 1% of loans. We saw another large bank in Capital One, just kind of Deanna Hart Thank you, everyone, for joining today's call. You may now disconnect your lines, and have a lovely day. Craig Nix I'm looking it up. Well right now. We were -- our ...

Well, was just wondering on Brady's -- just dovetailing on Brady's question there, if we look at the percentage net interest margin, Craig, any way to kind of best described whether you want to talk core ex-purchase accounting all-in versus the -- what was about 3.41% margin in this quarter where we're at a kind of think about the trajectory of that as it's baked into your guidance on NII. Craig Nix Yes. Are you asking with and without accretion? Kevin Fitzsimmons I mean, yes, if you can give it both, but m ...

Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and its other filings with the Securities and Exchang ...

First Citizens BancShares, Inc. (NASDAQ:FCNCA) First Citizens Bank Enters into Whole Bank Purchase of Silicon Valley Bridge Bank, N.A. March 27, 2023 8:30 AM ET Company Participants Deanna Hart - SVP, IR Frank Holding - Chairman and CEO Craig Nix - CFO Conference Call Participants Kevin Fitzsimmons - D.A. Davidson Elliot Howard - Manager Mergers and Acquisitions Tom Eklund - Treasurer Stephen Scouten - Piper Sandler Brady Gailey - KBW Brian Foran - Autonomous Research Christopher Marinac - Janney Montgomery ...

Operator [Operator Instructions]. Our first question today comes from Brady Gailey from KBW. Your line is open. Brady Gailey Thank you. Good morning, guys. Frank Holding Good morning. Brady Gailey So I wanted to start with the increase in the non-performing loans. Can you just give us a little more color? Was that just one or two loans, or was that a lot of loans? Was that legacy First Citizens or legacy CIT? And can you tell us what the total size of your office CRE loan portfolio is at the end of the year ...