First Citizens BancShares Inc - Company Profile
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First Citizens BancShares Inc (First Citizens) is a financial holding company that operates primarily through its banking subsidiary, First-Citizens Bank & Trust Company. The company's main activities include retail and mortgage banking, wealth management, small and middle market banking, factoring, leasing, and commercial banking. Its product offerings range from deposit accounts and loans to investment products and services. First Citizens also owns a fleet of railcars and locomotives that are leased to railroads and shippers. The company serves a wide range of consumer and commercial clients across various industries, including apparel, textiles, furniture, home furnishings, and consumer electronics. Its services are delivered through an extensive branch network, digital channels, and a nationwide digital bank. The company has operations across the Southeast, Mid-Atlantic, Midwest, and Western United States. First Citizens is headquartered in North Carolina, the US.
Headquarters
United States of America
Address
4300 Six Forks Rd, Raleigh, North Carolina, 27609-5718
Telephone
1 919 7167000
No of Employees
15,715
Industry
Financial Services
Ticker Symbol & Exchange
FCNCA (NASD)
Revenue (2022)
$22.5B
304.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
944.3%
(2022 vs 2021)
Market Cap*
$25.0B
Net Profit Margin (2022)
XYZ
157.9%
(2022 vs 2021)
* As of and is in US$
First Citizens BancShares Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Leasing |
| Savings | Brokerage |
| Checking | Payment Solutions |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In July, the company opened its new branch in West Vale, Yorkshire, the UK. |
| 2023 | Financing Agreements | In March, First Citizens Bank announced that its Healthcare Finance group provided US$44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties. |
| 2023 | Plans/Strategy | In March, the company announced its plans to acquire Silicon Valley Bank. |
Competitor Comparison
| Key Parameters | First Citizens BancShares Inc | East West Bancorp Inc | BOK Financial Corp | Pinnacle Financial Partners Inc | Cullen/Frost Bankers Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Raleigh | Pasadena | Tulsa | Nashville | San Antonio |
| State/Province | North Carolina | California | Oklahoma | Tennessee | Texas |
| No. of Employees | 15,715 | 3,206 | 4,966 | 3,357 | 5,495 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Frank B. Holding | Chairman; Chief Executive Officer | Executive Board | 2009 | - |
| Peter M. Bristow | Director; President | Executive Board | 2014 | - |
| Jeffery L. Ward | Chief Strategy Officer | Senior Management | 2014 | - |
| Lorie K. Rupp | Chief Risk Officer | Senior Management | 2017 | - |
| Craig L. Nix | Chief Financial Officer - First Citizens BancShares Inc., First Citizens Bank | Senior Management | 2014 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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