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 Bank has provided $60 million in financing to Gore Street Energy Storage Fund for the development of a 200-megawatt battery storage project in California. The financing will support the project's development and provide liquidity for Gore Street Energy Storage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
-
Rhea-AI Summary
Silicon Valley Bank (SVB) is showcasing new products and services at the Money20/20 event. SVB Go, their digital banking platform, is being rolled out to clients. SVB also has new travel and expense management tools, embedded finance solutions, and real-time digital onboarding. In 2024, SVB will launch real-time payments origination functionality. SVB provides banking services, debt-financing solutions, and market insights to the innovation economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
-
Rhea-AI Summary
First Citizens Bank's subsidiary, CIT Commercial Services, closed three major client financing transactions. A $50 million factoring facility was provided to a Midwest-based supplier of home comfort products. A California-based wholesaler of health and wellness products and a wholesaler of socks and hosiery also received working capital financing and factoring facilities. The California-based companies are expected to generate over $100 million in combined factoring volume.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
none
Rhea-AI Summary
Silicon Valley Bank (SVB) appoints Jennifer Friel Goldstein as Head of Business Development and Strategic Initiatives for Life Science and Healthcare banking. Goldstein will identify market opportunities to connect VC and industry stakeholders to SVB's clients and prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
none
-
Rhea-AI Summary
First Citizens Bank's Energy Finance business arranges $672 million in financing for three battery storage projects by Plus Power.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
Rhea-AI Summary
First Citizens Bank serves as lead arranger on acquisition financing for Encore Luxury Coaches
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
acquisition
Rhea-AI Summary
First Citizens BancShares, Inc. (NASDAQ: FCNCA) will report its financial results for Q3 2023 on Oct. 26, 2023. The conference call and webcast to discuss the results will be held at 9 a.m. Eastern time on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
earnings
-
Rhea-AI Summary
Despite ongoing public market headwinds, the healthtech sector shows signs of resilience with positive performance trends and increased M&A activity, according to Silicon Valley Bank's Future of Healthtech 2023 report. Valuation resets impact investment activity, but venture fundraising has rebounded and there is significant dry powder for investment. Key data points include $8.2 billion in venture capital invested, healthtech publics trading up 6% in Q1 and 25% in Q2, and 75 private venture-backed M&A deals in 2023. 50% of healthtech mega-deals focused on value-based care.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
Tags
none
-
Rhea-AI Summary
First Citizens Bank extends its brand to cover various commercial business verticals previously under CIT division, simplifying go-to-market strategy and accelerating growth trajectory. Transition expected to be completed by year-end.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
none
Rhea-AI Summary
First Citizens Bank provided $29 million to Onicx Group to refinance two medical office buildings in Florida.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
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