First Ctzns Bancshares Inc N C Stock Price, News & Analysis

First Citizens Bank (NASDAQ:FCNCA) has appointed Israel Gibbs as Area Executive for its North Florida market, focusing on the Jacksonville region. Gibbs, a veteran banker with over 20 years of experience, will lead business and branch banking operations in the area.

Previously serving as Area Executive for the Dallas market, Gibbs has been with First Citizens since 2007, holding various roles in commercial and retail banking. The bank has maintained a strong presence in Florida for over two decades, currently operating 26 branch locations with more than 1,000 associates in the state.

First Citizens BancShares (NASDAQ: FCNCA) has scheduled its second quarter 2025 earnings conference call and webcast for Friday, July 25, 2025, at 9:00 AM Eastern time. The financial results for the quarter ended June 30, 2025, will be released before U.S. markets open on the same day.

Participants can pre-register for the webcast through the provided link, and telephone access will be available for both North American and international callers. The investor presentation and webcast link will be accessible on the company's investor relations website prior to the call, with a replay available afterward.

First Citizens BancShares (NASDAQ:FCNCA) has appointed Diane Morais to its board of directors, effective July 1, 2025. Morais brings over 30 years of financial services experience, most recently serving as President of Consumer and Commercial Banking at Ally Bank from 2017 to 2024.

At Ally, Morais played a key role in launching the Ally brand in 2009 and oversaw various divisions including deposits, online brokerage, mortgage, credit card, and corporate finance. Her prior experience includes senior positions at Bank of America and Citibank. She will serve on the Joint Risk Committee and Joint Technology Committee of First Citizens.

First Citizens Bank (NASDAQ:FCNCA) and Merlo America LLC have announced a new vendor finance agreement to provide leasing and lending solutions for Merlo's construction and agricultural equipment customers. Merlo America, the North American subsidiary of Italy-based Merlo S.p.A, is known for producing telehandlers and machinery for agricultural, tree care, industrial, and construction applications.

Through this partnership, First Citizens Bank Equipment Finance will offer financing options to help Merlo customers acquire equipment for their business operations. The agreement leverages First Citizens Bank's Equipment Finance group's capabilities, including their sales coverage model, technology platforms, and structuring expertise.

Silicon Valley Bank (SVB), a First Citizens Bank division, and Setpoint have provided UpEquity with a significant warehouse facility worth up to $200 million in financing capacity. The facility is expected to support $1 billion in originations over the next two years. UpEquity, an Austin-based mortgage technology company, offers innovative 'buy before you sell' solutions for homebuyers and has demonstrated impressive growth, with revenue tripling annually since October 2023. The company plans to maintain this growth trajectory through expanded partnerships with mortgage lenders, real estate brokers, and home builders. The new facility strengthens UpEquity's ability to provide seamless home transition services while marking an expansion of their existing relationship with Setpoint, which began in 2023.

Soltage, a leading independent power producer, has secured a $260 million construction and term debt financing facility to support its 2+ GW solar and storage project pipeline across the United States. The innovative financing structure includes revolving construction loan, tax equity bridge loan, and term loan facility, led by National Bank of Canada and First Citizens Bank (FCNCA), with BankUnited, Cadence Bank, and Siemens Financial Services as joint arrangers. The facility will enable the construction of 250 megawatts of distributed solar and storage projects. This financing demonstrates Soltage's ability to secure significant capital for clean energy infrastructure development and strengthens its position in delivering renewable energy solutions nationwide.

Silicon Valley Bank's latest report reveals a 47% year-over-year increase in venture capital investment in frontier technology, driven by AI computing demands, defense innovations, and industrial automation growth. Hardware-focused VC funds received 33% of fundraising dollars, marking a 10-year high. Defense and aerospace VC investment reached $4 billion in 2024 and is projected to hit $12 billion by 2025. The report highlights that over 50% of frontier tech unicorns have secured funding in the past two years. Notable trends include increased investment in AI compute infrastructure and industrial robotics, with defense technology VC investment surpassing DARPA's annual budget since 2019, indicating a significant shift in defense innovation funding patterns.

First Citizens BancShares (FCNCA) reported Q1 2025 earnings with net income of $483 million, down from $700 million in Q4 2024. Net income available to common stockholders was $468 million ($34.47 per share), compared to $685 million ($49.21 per share) in the previous quarter.

Key financial metrics include:

• Net interest income: $1.66 billion, down $46 million from Q4
• Net interest margin: 3.26%, decreased from 3.32%
• Total loans: $141.36 billion, up 3.3% annualized
• Deposits: $159.33 billion, increased 10.7% annualized
• Share repurchases: $613 million (302,683 shares)

The bank maintained strong capital ratios with estimated total risk-based capital at 15.23% and completed issuance of $500 million senior unsecured notes and $750 million subordinated notes.

First Citizens BancShares (Nasdaq: FCNCA) has announced its dividend distributions for Q2 2025. The company declared a quarterly common stock dividend of $1.95 per share for both Class A and Class B common stock. Additionally, three preferred stock dividends were announced:

- Series A (5.375% non-cumulative perpetual): $13.4375 per share ($0.335938 per depositary share)
- Series B (fixed-to-floating rate non-cumulative perpetual): $21.56925 per share
- Series C (5.625% non-cumulative perpetual): $0.351563 per share

All dividends will be paid on June 16, 2025, to shareholders of record as of May 30, 2025.