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.
First Citizens BancShares (NASDAQ: FCNCA) has scheduled its third quarter 2025 earnings conference call and webcast for Thursday, October 23, 2025. The company will release its financial results before U.S. markets open, followed by a conference call at 9 a.m. Eastern time.
Participants can pre-register for the webcast through the provided link, or join by telephone using specific dial-in numbers for North America (1-833-470-1428) and other locations (1-929-526-1599) with access code 557724. The investor presentation and webcast link will be available on the company's investor relations website, with a replay accessible after the event.
First Citizens Bank (NASDAQ:FCNCA) has announced key leadership appointments for its South Carolina and Georgia operations. Justin Rice will lead the South Carolina Lowcountry region and Savannah, Georgia area, while JP Connell will oversee the Charleston, South Carolina region.
Rice brings nearly 20 years of experience in the Lowcountry market and has been with First Citizens since 2006. Connell, who joined the bank in 2018, previously led the bank's cannabis banking business and most recently served as Business Banking Manager for the Southern Coastal area.
First Citizens maintains a strong presence in South Carolina with over 100 branches and approximately 1,000 associates, serving the market for more than 75 years.
First Citizens Bank (NASDAQ:FCNCA) has announced key leadership changes in its Equipment Finance group. Rod Versteegh, former Global Business Unit President at DLL, has been appointed as the new Equipment Finance Executive, bringing over 30 years of industry expertise.
Versteegh will succeed Mike Jones, who is retiring after 30 years in the industry but will continue in an advisory role into early 2026 to ensure a smooth transition. Additionally, James Ferguson, another DLL executive, has joined as Managing Director of Sales, effective immediately.
Flatiron Energy has secured $540 million in financing for its Taft Project, set to become Massachusetts' largest battery energy storage system. The 200MW / 800MWh facility in Uxbridge will begin commercial operations in late 2026, supporting eastern Massachusetts' grid reliability.
The comprehensive financing package includes construction and bridge loan facilities, term loans, letter of credit facilities, preferred equity, and tax credit transfer commitments. First Citizens Bank (NASDAQ: FCNCA) and Nord/LB led the arrangement, with Societe Generale, Santander, and Investec serving as Joint Lead Arrangers.
First Citizens Bank (NASDAQ:FCNCA) and Betterment at Work have announced a strategic partnership to provide 401(k) solutions for small and mid-sized business clients. The collaboration combines Betterment's digital platform and recordkeeping capabilities with First Citizens Wealth's consulting and fiduciary services.
First Citizens Wealth will oversee plan design, investment selection, monitoring, and benchmarking, while Betterment at Work will handle plan administration through its digital platform, which includes a dashboard and mobile app. The solution will be available to clients of First Citizens Bank, including its Silicon Valley Bank and CIT Bank divisions.
The partnership aims to provide growing businesses with cost-effective financial benefits to attract and retain talent while streamlining the retirement planning experience.First Citizens Bank (NASDAQ:FCNCA) and Distalmotion have announced a strategic partnership to provide financing solutions for Distalmotion's DEXTER® Robotic Surgery System. The collaboration aims to help hospitals, ambulatory surgical centers, and healthcare providers acquire advanced robotic surgery technology through flexible lending and leasing options.
The partnership leverages First Citizens' Healthcare Equipment Finance group's expertise in healthcare banking and financing, along with their experience through the Silicon Valley Bank division. The program is specifically designed to support the growing shift towards outpatient surgical procedures, making robotic surgery technology more accessible to facilities where traditional soft tissue robots may not be suitable.
CIT Bank (NYSE:FCNCA), a division of First Citizens Bank, released its 2025 Summer Savings Survey revealing that 33% of Americans prioritize saving for travel and vacations over other major expenses. The survey highlights that 47% of Americans plan summer vacations, with higher participation among younger generations - 54% of Gen Z and 56% of Millennials.
Younger travelers are showing more ambitious travel plans, with 41% of Millennials and 35% of Gen Z planning international trips, compared to lower percentages for older generations. Additionally, 48% of Millennials and 44% of Gen Z are planning vacations costing $5,000 or more.
The bank promotes its high-yield savings accounts, including Platinum Savings and Savings Connect, offering interest rates up to 10x the national average to help customers achieve their vacation savings goals.
Silicon Valley Bank (FCNCA), a division of First Citizens Bank, has released its latest State of the Markets Report highlighting the dominance of AI in venture capital investments. The report reveals that AI companies account for 36% of VC deals and 58% of total VC investments in 2025, despite operating with higher burn rates.
Key findings show US venture fund fundraising is projected to reach $56B in 2025, down 21% from 2024. The report indicates that 75% of venture-backed tech companies are growing revenue, with 63% either profitable or improving profitability. Notably, mega-funds represent 36% of US VC fund capital raised in the last three years, up from 20% six years ago.
The analysis also reveals that Series A AI companies burn $5 to gain $1 of new revenue, while unicorn performance shows 72% achieving YOY growth but only 21% reaching profitability.
Silicon Valley Bank (SVB), a division of First Citizens Bank (NYSE:FCNCA), has announced a strategic partnership with Forge Securities LLC, a subsidiary of Forge Global Holdings. The collaboration aims to provide SVB clients with enhanced access to private market liquidity solutions through Forge's platform.
The partnership offers key benefits including issuer-led structured liquidity events, controlled shareholder transactions, access to over 19,000 institutional investors, and private market transactions. This initiative addresses the growing trend of companies staying private longer and their increasing need for secondary market liquidity solutions.
Silicon Valley Bank (FCNCA), a division of First Citizens Bank, has released its 16th Healthcare Investments and Exits Report, highlighting strong AI deal activity in healthcare despite overall fundraising decline. AI-related healthtech deals doubled in the past 12 months, while non-AI companies saw a 20% decrease over three years.
Key findings show that healthtech accounted for 33% of total healthcare investment, with AI healthtech representing 21%. Back-office AI applications dominated with 44% of all AI investment in H1 2025. In China, biopharma licensing deals reached $3 billion in H1 2025, surpassing 2024 levels. The report also reveals that healthtech raised $8.2 billion in H1 2025, marking the strongest half since H1 2022.