First Citizens BancShares (FCNCA) came out with quarterly earnings of $52.92 per share, beating the Zacks Consensus Estimate of $44.27 per share. This compares to earnings of $20.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.54%. A quarter ago, it was expected that this bank would post earnings of $48.49 per share when it actually produced earnings of $46.58, delivering a surprise of -3.94%.Over the last four quarters, ...

First Citizens BancShares, Inc. First Quarter 2024 Earnings Conference Call April 25, 2024 | --- | --- | |-----------------------------------------------------------|---------| | Agenda | Pages | | Section I – First Quarter Overview & Strategic Priorities | 5 – 12 | | Section II – First Quarter 2024 Financial Results | 13 – 33 | | Financial Highlights | 14 – 15 | | Earnings Highlights | 16 | | Net interest income, margin and betas | 17 – 19 | | Noninterest income and expense | 20 – 21 | | Balance Sheet High ...

Dollars in millions, except per share data | | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | Summary Financial Data & Key Metrics | | March 31, 2024 | | December 31, 2023 | | March 31, 2023 | | Results of Operations: | | | | | | | | Net interest income | $ | 1,817 | $ | 1,911 | $ | 850 | | Provision for credit losses | | 64 | | 249 | | 783 | | Net interest income after provision for credit losses | | 1,753 | | 1,662 | | 67 | | Noninterest income | | 627 | | 543 | | 10,259 | | ...

RALEIGH, N.C., April 25, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the first quarter of 2024. Chairman and CEO Frank B. Holding, Jr. said: "We are pleased with our first quarter performance where we delivered strong financial results. We posted solid loan and deposit growth and credit quality held up well. Our capital and liquidity levels increased, positioning our balance sheet well for further growth. It's been over one year since SVB became ...

JACKSONVILLE, Fla., April 23, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an attached parking garage will be leased to a joint venture between Baptist Health South Florida and Lifepoint Health. The facility will focus on acute rehabilitation of conditions resulting ...

JACKSONVILLE, Fla., April 18, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center. The Ventana is a 122,000-square-foot Class A medical office facility in Tarzana, California, a suburban section of the San Fernando Valley region of Los Angeles. It is co-anchored by Cedars Sinai Medical Center and Providence Health System-Southern C ...

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RALEIGH, N.C., April 3, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2024, before the U.S. financial markets open on Thursday, April 25, 2024.A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern Time on the same day. The conference call and webcast may contain forward-looking statements and other material information.To pre-register ...

HERNDON, Va., April 2, 2024 /PRNewswire/ -- HawkEye 360, a leading provider of space-based RF data and analytics, announced it had secured $40 million in debt financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, to further its mission of delivering advanced geospatial capabilities. Over the past 12 months, HawkEye 360 has raised $108 million across its Series D-1 round and this debt financing, which has underscored the support and confidence from investors and lenders regarding its b ...