Core Insights - Venture Capital investment in frontier technology has increased by 47% year-over-year, driven by AI demand, defense innovations, and industrial automation growth [1][2] - Despite supply chain challenges and economic uncertainty, the frontier tech sector is experiencing significant growth, with strong VC enthusiasm for fundraising [2] Investment Trends - VC fundraising in hardware has reached a 10-year high, with one-third of fundraising dollars allocated to hardware-focused VC funds, up from 20% in 2021 [4] - Total VC investment in defense and aerospace surpassed $4 billion in 2024 and is projected to reach $12 billion by the end of 2025 [4] - Investment in AI and robotics is increasing, with VCs focusing on AI compute and hardware as generative AI adoption rises [4] Defense Sector Insights - Annual VC investment in defense technology has exceeded the budget for the Defense Advanced Research Projects Agency (DARPA) since 2019, indicating a shift in funding for defense innovation [4] - More than 50% of frontier tech unicorns have raised funding in the last two years, highlighting the sector's robust fundraising environment [4]

Commission File Number: 001-16715 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 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 March 31, 2025 Delaware 56-1528994 First Citizens BancShares, Inc. (Exact n ...

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 | ...

Core Viewpoint - First Citizens BancShares, Inc. reported solid financial results for Q1 2025, highlighting loan and deposit growth, stable credit quality, and strong capital and liquidity positions, despite acknowledging uncertainties in the current environment [2][4]. Financial Highlights - Net income for Q1 2025 was $483 million, down from $700 million in Q4 2024, with net income available to common stockholders at $468 million or $34.47 per share, compared to $685 million or $49.21 per share in the linked quarter [4]. - Adjusted net income for the current quarter was $528 million, down from $643 million in the linked quarter, with adjusted net income available to common stockholders at $513 million or $37.79 per share [5]. - Net interest income totaled $1.66 billion, a decrease of $46 million from the linked quarter, primarily due to a decrease in interest income on loans [6]. Loan and Deposit Growth - Loans and leases totaled $141.36 billion, an increase of $1.14 billion (3.3% annualized) compared to the end of 2024, driven by growth in the Commercial Bank segment and SVB Commercial segment [9][11]. - Deposits reached $159.33 billion, an increase of $4.10 billion (10.7% annualized growth), with significant contributions from corporate deposits and the General Bank segment [11]. Capital and Liquidity - The company maintained strong capital ratios, with total risk-based capital at 15.23% and Tier 1 risk-based capital at 13.35% as of March 31, 2025 [17]. - The liquidity position remained robust, with liquid assets amounting to $62.79 billion, up from $59.34 billion at the end of 2024 [17]. Noninterest Income and Expense - Noninterest income was $635 million, down from $699 million in the linked quarter, with declines in fair value adjustments and gains on sales of loans [9]. - Noninterest expense decreased to $1.49 billion from $1.52 billion in the linked quarter, reflecting lower acquisition-related expenses [9].

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]

Core Viewpoint - First Citizens BancShares, Inc. will report its financial results for Q1 2025 on April 24, 2025, before U.S. markets open [1] Group 1: Financial Results Announcement - The financial results for the quarter ended March 31, 2025, will be reported before the market opens on April 24, 2025 [1] - A conference call and webcast to discuss the financial results will take place at 9 a.m. Eastern time on the same day [1] Group 2: Participation Details - Investors can pre-register for the call via a recommended webcast link [2] - Telephone access is available for North America and other locations with specific dialing instructions provided [2] - A replay of the call will be available on the company's website after the event [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 offers a wide range of banking services, including commercial banking, innovation banking, and wealth management [3] - First Citizens Bank has a legacy of strength and stability, serving customers nationwide [3]