First Citizens BancShares Inc. reports developments for a U.S. super-regional banking company operating through First Citizens Bank, with business banking, branch banking, commercial lending, treasury and liquidity management, wealth-related services, and railcar leasing. News commonly covers earnings, loan and deposit trends, credit quality, capital returns, dividends on common and preferred stock, and debt or equity capital activity.
Company updates also follow First Citizens Bank’s commercial banking expansion, regional leadership appointments, and specialized lending through Silicon Valley Bank, a division serving technology, life science and healthcare, private equity, and venture capital clients. Recurring customer-finance announcements include warehouse credit, energy finance, and sector-focused banking services.
Float (FCNCA) announced nearly $100M CAD in two debt facilities from Silicon Valley Bank (First Citizens Bank) and a tier‑1 Canadian bank to expand its business finance products. The funding lets Float offer up to 4% interest on business accounts, raise base rates from 2% to 3%, scale its Charge product to unlock over $1.5B in annualized spending power, and expand corporate cards with limits up to $3M. Float now serves over 6,000 Canadian businesses and will hold customer funds in CDIC‑insured segregated trust accounts.
First Citizens BancShares (Nasdaq: FCNCA) reported fourth-quarter 2025 results. Net income was $580 million and adjusted net income was $648 million. Net income available to common was $566 million, $45.81 per share; adjusted net income available to common was $634 million, $51.27 per share. Net interest income was $1.72 billion and NIM was 3.20%. Loans grew to $147.93 billion (+2.2% linked quarter). Deposits were $161.58 billion (down 1.0%). Provision for credit losses was $54 million; net charge-offs were $143 million (0.39% of avg loans). Capital ratios remained strong (CET1 11.15%). The bank repurchased $900 million of stock, prepaid $2.5 billion of the Purchase Money Note, issued $500 million Series D preferred, and agreed to acquire 138 BMO branches (assume ~$5.7B deposits) expected to close H2 2026.
First Citizens BancShares (Nasdaq: FCNCA) announced dividends to be paid on March 16, 2026 to holders of record as of February 27, 2026. The Board declared a quarterly common stock dividend of $2.10 per share on Class A and Class B common stock.
Preferred dividends declared include: $13.4375 per share on 5.375% non-cumulative perpetual preferred stock, Series A (distributing $0.335938 per depositary share); $20.113048 per share on fixed-to-floating rate non-cumulative perpetual preferred stock, Series B; $0.351563 per share on 5.625% non-cumulative perpetual preferred stock, Series C; and $2,275.00 per share on 7.000% non-cumulative perpetual preferred stock, Series D (distributing $22.75 per depositary share).
Silicon Valley Bank (FCNCA) released its 25th annual 2026 State of the US Wine Industry Report on January 15, 2026, covering 2025 industry results and outlook. The report estimates 2025 volume at ~329 million cases (vs 335.9M in 2024) and total value at ~$74.3 billion (vs $75.5B in 2024). It documents a multi-year demand correction concentrated under the $12 price point, a 2.0% case decline and 1.6% dollar decline in 2025, margin compression, and elevated inventories. The report forecasts demand improvement in 2026, a market bottom through 2027–2028, and highlights double-digit growth in private‑label wine demand driven by excess bulk supply.
First Citizens BancShares (NASDAQ: FCNCA) announced that Lorie K. Rupp will retire as Executive Vice President and Chief Risk Officer effective June 1, 2026, after 13 years at the bank and more than 30 years in financial services. The company named Tom Eklund, current Treasurer and a 20-year First Citizens veteran, as successor, with responsibility for overseeing financial, credit, enterprise, operational and compliance risk.
The transition is intended to be orderly, providing time for knowledge transfer and continuity in the bank's risk governance and regulatory compliance programs.
Positive Development (NASDAQ:FCNCA) closed a new up to $45 million non-dilutive debt facility provided by Silicon Valley Bank and Pinegrove Venture Partners on January 13, 2026. The facility refinances the company’s existing credit line and is intended to support geographic expansion, strategic acquisitions, and increased access to developmental therapy and autism diagnostics across the U.S.
The financing follows a recent $51.5 million Series C and expanded payer partnerships with Anthem Blue Cross and Blue Shield and Oklahoma Complete Health.
Silicon Valley Bank (First Citizens Bank division) released its 2026 Healthcare Investments and Exits report showing $46.8B in healthcare investment in 2025, down 12% year-over-year. AI dominated funding, with more than $18B invested and accounting for 46% of total healthcare investment. Sector trends include growth in healthtech +5.3% and devices +1.5%, while biopharma -19% and dx/tools -33% declined. VC deal counts fell 7% and healthcare-focused VCs raised $7B in 2025 versus a $41B peak in 2021. Large AI rounds were prominent: deals >$300M made up 40% of healthcare AI spending in 2025.
First Citizens BancShares (NASDAQ: FCNCA) will report results for the quarter ended December 31, 2025 before U.S. markets open on Friday, January 23, 2026. A conference call and webcast to discuss the results will start at 9:00 a.m. Eastern the same day.
Investors are encouraged to pre-register for the webcast at the provided registration URL; registered attendees will receive a confirmation email with a calendar reminder and webcast details. Telephone access numbers and an access code are provided for live participation. The investor presentation and live webcast link will be posted at ir.firstcitizens.com prior to the call, and a replay will be available on the site after the event.
Pivot Energy (FCNCA) secured $225 million in three financing agreements on December 17, 2025, to advance community solar projects and corporate needs. The package includes a $170M upsize to an existing construction warehouse supporting ~60 community solar projects (~225 MW) across nine states, a $40M equipment facility with First Citizens to buy domestically made Silfab Solar panels, and a $15M corporate facility with Comerica.
Backed by Energy Capital Partners, Pivot's total 2025 financing now totals $435M. The equipment facility was structured to secure access to safe-harbored investment tax credits.
Soltage (EWBC) closed an $80 million syndicated multi-year development revolver facility on Dec 16, 2025 to accelerate deployment of its distributed solar and energy storage pipeline.
The facility is led by First Citizens Bank (sole bookrunner, administrative agent and coordinating lead arranger) with EastWest Bank as coordinating lead arranger. It is intended to finance development-stage expenditures, including interconnection deposits and equipment procurement, and represents Soltage's first major pre-notice-to-proceed financing vehicle.
Soltage said the revolver will support projects across key U.S. markets and build on its track record of developing more than 125 projects totaling over 500 MW of distributed generation capacity.