First Ctzns Bancshares N C (FCNCA) Stock News

First Citizens Bank (NASDAQ: FCNCA), through its Commercial Bank, provided Revman International with expanded financing totaling $87 million. According to First Citizens Bank, Revman increased its existing asset-based lending (ABL) revolver to $55 million and obtained a new $32 million commercial real estate loan.

Revman, a New York-based home furnishings company, plans to use the funding to purchase a new distribution facility in Duncan, South Carolina. The transaction involved multiple First Citizens units, including CIT Commercial Services (to be rebranded as Working Capital Finance) and Middle Market Banking, which also delivered treasury management and online banking solutions.

First Citizens Bank (NASDAQ: FCNCA) has combined its factoring, asset-based lending, supply chain finance, international factoring and receivables purchasing operations into a single group called Working Capital Finance. These businesses, currently operating as CIT Commercial Services, will begin operating under the new name in Q4 2026 when they rebrand to First Citizens Bank.

According to First Citizens Bank, the unified group will offer middle market consumer companies a broader suite of working capital and treasury solutions aimed at managing cash flow, increasing borrowing capacity and supporting domestic and international growth.

First Citizens Bank (NASDAQ: FCNCA) appointed Stacie Bales Barton and Sharon Thompson as Regional Executive Vice Presidents to support growth across the Central U.S. Both report to Regional EVP Ron Sanchez.

Barton will build the newly created Community West Region, covering branches in Kansas, Oklahoma, Nebraska, Wyoming, Minnesota, Idaho and the Dakotas, drawing on more than 25 years of experience, most recently at BMO. Thompson will lead the Northeast Regional territory, including St. Louis, Tennessee, Wisconsin and Northern Virginia, after over 20 years in banking and serving as Chief Commercial Banking Officer at United Community Bank. According to First Citizens, these appointments align with its agreement to acquire 138 branches across the central U.S. and are intended to support its community-banking-led national expansion strategy.

First Citizens Bank (Nasdaq: FCNCA) has purchased two office buildings at 12481 and 12531 High Bluff Drive in San Diego to support its expanding Southern California presence. The properties total 164,943 square feet, with partial occupancy planned for 2029.

The space will house Commercial Bank associates and clients, including teams from the Silicon Valley Bank division, which will be rebranded as First Citizens Innovation Banking and First Citizens Fund Banking. According to First Citizens Bank, it has more than 100 associates in San Diego and over 1,000 across Southern California.

First Citizens BancShares (Nasdaq: FCNCA) reported second quarter 2026 net income of $672 million, up from $534 million in Q1 2026. Net income available to common stockholders was $640 million, or $55.52 per share; adjusted net income available to common was $659 million, or $57.09 per share.

Net interest income rose to $1.66 billion and net interest margin was 3.10%. Noninterest income reached $776 million, while adjusted noninterest expense was $1.35 billion. Loans grew to $151.03 billion and deposits to $173.43 billion. The company recorded a $10 million benefit for credit losses, with net charge-offs at $108 million. Capital ratios included a CET1 ratio of 10.77%. BancShares repurchased $600 million of Class A shares and paid a $2.10 per-share dividend. The Purchase Money Note was further reduced by $2.5 billion in the quarter, and the planned BMO Branch Acquisition, involving about $5.3 billion of deposits and $700 million of loans, is expected to close in Q3 2026.

First Citizens BancShares (Nasdaq: FCNCA) declared cash dividends on its common and preferred stock, all payable on September 15, 2026 to shareholders of record on August 31, 2026.

The board approved a $2.10 quarterly dividend per share on Class A and Class B common stock. It also declared a regular quarterly dividend of $13.4375 per share on 5.375% preferred Series A (distribution $0.335938 per depositary share); a $20.183676 dividend per share on fixed-to-floating preferred Series B; a regular quarterly dividend of $0.351563 per share on 5.625% preferred Series C; a regular quarterly dividend of $1,750.00 per share on 7.000% preferred Series D (distribution $17.50 per depositary share); and a regular quarterly dividend of $16.56 per share on 6.625% preferred Series E (distribution $0.414 per depositary share).

First Citizens BancShares (NASDAQ: FCNCA) will release its second quarter 2026 financial results before U.S. markets open on Thursday, July 23, 2026. A live audio webcast to discuss the results is scheduled for 9:00 a.m. Eastern time, with presentation materials and replay available at ir.firstcitizens.com.

CIT Bank, a division of First Citizens (NASDAQ:FCNCA), released a May 2026 Harris Poll survey on group travel finances. Among U.S. adults who took group trips, 82% would pay a “Peace Tax” by covering more than their fair share to avoid money conflict.

Forty-five percent reported financial conflict or discomfort, especially Gen Z and Millennials, who also overspend most often. According to CIT Bank, building a dedicated high-yield savings buffer, such as through its Platinum Savings or Savings Connect accounts, can ease group travel pressure.

Corgi Insurance and Silicon Valley Bank, a division of First Citizens Bank (FCNCA), announced a partnership to connect SVB clients with Corgi’s digital insurance products and risk management solutions. The collaboration targets startups, tech companies, and high‑growth businesses.

Key benefits include fast, AI‑native underwriting, sector‑specific coverage for innovation industries, and access to coverage from a single full‑stack carrier directly for Silicon Valley Bank clients.