STOCK TITAN

First Citizens Bancshares, Inc (NC) - FCNCA STOCK NEWS

Welcome to our dedicated news page for First Citizens Bancshares (NC) (Ticker: FCNCA), a resource for investors and traders seeking the latest updates and insights on First Citizens Bancshares (NC).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Citizens Bancshares (NC)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Citizens Bancshares (NC)'s position in the market.

Rhea-AI Summary
First Citizens BancShares, Inc. declared dividends on its Class A and Class B common stock, as well as Series A, B, and C preferred stock. The Board of Directors declared a quarterly dividend of $1.64 per share on the common stock and regular quarterly dividends on the preferred stock. The dividends are payable on March 15, 2024, to holders of record as of Feb. 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.51%
Tags
dividends
-
Rhea-AI Summary
First Citizens Bank's Healthcare Finance division provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings in Charlotte, NC, and Seattle, WA. This move showcases the bank's strong relationship with its clients and its commitment to supporting their growth initiatives. The transaction highlights the bank's expertise in arranging timely and significant financing for the continued growth of its clients' portfolios.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
acquisition
-
Rhea-AI Summary
First Citizens Bank appoints James Bennett as executive director of External Affairs to strengthen relationships with government officials and community engagement. Bennett brings a wealth of experience and knowledge to the new role, effective Jan. 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
Rhea-AI Summary
Cart.com secures a $70 million debt facility from Silicon Valley Bank, part of a larger $100 million debt refinancing. The company's business grew 50% in a challenging year for retailers and commerce providers. The latest funding round follows a $60 million Series C equity round, valuing the company at $1.2 billion. Cart.com supports over $8 billion in gross merchandise value and operates 14 omnichannel facilities nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
Tags
none
-
Rhea-AI Summary
Silicon Valley Bank (SVB), a division of First Citizens Bank, released its 2024 State of the US Wine Industry Report, providing a comprehensive assessment of the industry, market conditions, and forecasts for the year ahead. The report includes proprietary research and survey data collected from over 500 wineries across the US. It highlights the impact of changing market dynamics, the need for collaboration, and the importance of increased efficiencies in marketing and sales for wineries. The report also examines the latest consumption, pricing, sales data, and the most promising wine industry marketing strategies, including trends in premium wine sales, tasting room visitation, direct-to-consumer sales, and conditions for overproduction in the wine category. The report will be discussed in a live webinar hosted by Silicon Valley Bank, featuring industry experts. SVB's Wine Division, founded in 1994, specializes in commercial banking for premium wineries and vineyards, with the largest team of commercial bankers dedicated to the wine industry nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
Tags
none
-
Rhea-AI Summary
First Citizens BancShares, Inc. announced the appointment of Gregory L. Smith as the Chief Information & Operations Officer for BancShares and its subsidiary, First-Citizens Bank & Trust Company. Smith will be responsible for technology, operations, cyber, and data functions across the enterprise, reporting to Chairman and CEO Frank B. Holding, Jr. With extensive experience in transformation and technology leadership roles at best-in-class organizations, Smith's appointment aims to drive excellence and innovation as the company continues to grow and evolve. Smith joins from TD Bank Financial Group in Toronto, Canada, where he served in various leadership roles, setting the vision and building key capabilities for end-to-end transformational change.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
none
Rhea-AI Summary
Silicon Valley Bank (SVB) releases its first Innovation in Women's Health Report, revealing a 314% increase in women's health venture capital investment since 2018. Despite valuations dropping in 2023, the report highlights the shift in focus from fertility and pregnancy to emerging areas such as menopause, pelvic health, and mental health. The lack of data collection on women's health conditions is identified as a roadblock for founders when convincing investors. The report also indicates that 76% of women's health companies have a female founder, which is three times higher than companies across the overall innovation ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
Tags
none
-
Rhea-AI Summary
First Citizens BancShares, Inc. (NASDAQ: FCNCA) will report its financial results for the fourth quarter and year ended Dec. 31, 2023, before the U.S. financial markets open on Friday, Jan. 26, 2024. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
earnings
-
Rhea-AI Summary
First Citizens Bank (FCNCA) provided $16 million in financing to Raymour & Flanigan for the purchase of a furniture showroom in White Plains, New York. The strategic addition to Raymour & Flanigan's footprint due to its size and location near major commuter thoroughfares will allow for a more robust and convenient shopping experience. Raymour & Flanigan is the seventh largest furniture retailer in the United States, operating 107 showrooms across the Northeast, as well as 34 outlet stores, five clearance centers, and a rapidly growing e-commerce business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
Tags
none
Rhea-AI Summary
First Citizens Bank (FCB) announced that CIT Northbridge Credit, with advice from First Citizens Institutional Asset Management LLC, has provided working capital financing to Winona Foods in Green Bay, Wisconsin. Winona Foods is a fully integrated processor and distributor of cheese and cheese products. CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
none
First Citizens Bancshares, Inc (NC)

Nasdaq:FCNCA

FCNCA Rankings

FCNCA Stock Data

23.57B
11.10M
20.87%
65.82%
1.79%
Commercial Banking
Finance and Insurance
Link
US
Raleigh

About FCNCA

for more than 100 years, raleigh, n.c. -headquartered first citizens bank has helped customers do more with the money they earn, save and invest. along the way, we’ve built our company on such timeless values as integrity, hard work and taking the long-term view. in 1898, first citizens began as the bank of smithfield in johnston county, n.c. from a single office, first citizens has grown to more than 560 branches in 18 states. first citizens today is a full-service banking institution with more than 6,000 employees. our parent company, first citizens bancshares, inc. (nasdaq: fcnca), has more than $30 billion in assets. first citizens is now the country’s largest family-controlled bank, with a record of stable leadership few institutions can rival. first citizens offers: • traditional banking services. • essential business and professional services. • wealth management capabilities. • hundreds of branches and atms, a full-service telephone bank and sophisticated online and mobile bank