First Citizens Bancshares Inc (NC) - Class A NASDAQ:FCNCA Price, Chart, News & Insight

First Citizens Bank Expands U.S. Footprint With Acquisition of 138 BMO Branches

First Citizens Bank has completed the conversion of 138 branches acquired from BMO Bank, significantly expanding its presence across the Midwest, Great Plains and western United States.

The transaction, completed on September 4, included approximately $5 billion in deposits and $650 million in loans. Associated customer accounts have now transitioned to First Citizens’ banking platforms.

Following the expansion, First Citizens has more than $225 billion in assets and operates over 600 branches and offices nationwide, ranking among the 20 largest U.S. banks. The acquired locations extend its footprint into markets including North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, as well as parts of Minnesota, Oregon and Illinois.

First Citizens said customers at the acquired branches will continue working with their existing local banking teams while gaining access to the broader products, resources and specialized services available across the bank.

The acquisition represents another step in First Citizens’ expansion strategy, combining organic growth with targeted acquisitions to broaden its geographic reach and deposit base.

The bank also announced several regional leadership appointments and plans to invest approximately $1 million in charitable initiatives across existing and newly acquired markets during 2026 and 2027.

The addition of roughly $5 billion in deposits provides First Citizens with a larger funding base while extending its distribution network into several new regional markets.

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The Investor 09-08-26

First Citizens BancShares reported first-quarter 2026 net income of $534 million, with adjusted earnings reaching $560 million, reflecting solid loan and deposit growth alongside resilient credit quality. Earnings declined compared to the previous quarter, partly due to lower net interest income and reduced noninterest income.

The bank maintained strong capital and liquidity positions, returning $900 million to shareholders through share repurchases and prepaying $2.5 billion in debt. Deposits rose 5.7% to $170.8 billion, while loans saw modest growth. Credit metrics remained stable, with lower net charge-offs offset by a slight increase in nonaccrual loans.

Source: PR Newswire

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Global Finance News 04-24-26

Park National Corporation announced it has completed its all-stock merger with First Citizens Bancshares, extending Park’s footprint into Tennessee and combining two community-focused banking franchises. The transaction closed on February 1, 2026, with First Citizens National Bank merging into Park National Bank and operating as a division until systems conversion later this year.

Based on December 31, 2025 figures, the combined company has pro forma assets of $12.6 billion, deposits of $10.5 billion, and loans of $9.6 billion, with more than 100 branches across Ohio, Kentucky, North Carolina, South Carolina, and Tennessee. As part of the merger, former First Citizens CEO Jeffrey D. Agee joined Park’s board and will lead the new Tennessee region, while customers are expected to continue banking as usual during the integration process.

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Global Finance News 02-02-26

First Citizens BancShares announced that its Board of Directors has declared dividends on the company’s common and preferred stock, all payable on March 16, 2026, to shareholders of record as of February 27, 2026.

The board approved a quarterly dividend of $2.10 per share on Class A and Class B common stock. In addition, dividends were declared on several series of non-cumulative perpetual preferred stock, including Series A ($13.4375 per share, equivalent to $0.335938 per depositary share), Series B ($20.113048 per share), Series C ($0.351563 per share), and Series D ($2,275.00 per share, equivalent to $22.75 per depositary share).

Source: PR Newswire

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WS Investor 01-24-26

First Citizens BancShares Reports Q3 2025 Results

First Citizens BancShares, Inc. (Nasdaq: FCNCA) reported net income of $568 million for the third quarter of 2025, slightly down from $575 million in Q2. Adjusted net income was $587 million, or $44.62 per share.

Chairman and CEO Frank B. Holding, Jr. said the company achieved solid performance with growth in loans and deposits across all segments, led by SVB Commercial, while returning $900 million to shareholders through buybacks.

The company also announced plans to acquire 138 branches from BMO Bank N.A., assuming $5.7 billion in deposits and $1.1 billion in loans, expanding its presence across the Midwest, Great Plains, and West. The transaction is expected to close in mid-2026, pending regulatory approval.

Key Metrics:
• Net interest income: $1.73 billion, up $39 million from Q2
• Net interest margin: 3.26% (3.15% excluding purchase accounting accretion)
• Noninterest income: $699 million, up $21 million
• Noninterest expense: $1.49 billion, down $9 million from Q2

Holding highlighted strong capital and liquidity positions that support future strategic growth.

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The Investor 10-23-25

First Citizens Bank (Nasdaq: FCNCA) announced plans to acquire 138 branches from BMO Bank N.A., expanding its national footprint across 11 U.S. states, including North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, western Minnesota, eastern Oregon, and southern Illinois. The acquisition includes approximately $5.7 billion in deposits and $1.1 billion in loans, positioning the bank to enhance its liquidity and expand its client base in new regional markets.

Chairman and CEO Frank B. Holding, Jr. highlighted that the deal strengthens First Citizens’ growth strategy and reinforces its focus on customer-centered service. The transaction, expected to close by mid-2026 pending regulatory approval, marks another major step in First Citizens’ nationwide expansion following recent acquisitions that have elevated it to a top 20 U.S. financial institution with over $200 billion in assets.

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Global Finance News 10-16-25

First Citizens BancShares Q2 2025 Earnings Summary – July 25, 2025

• Net income rose to $575 million from $483 million in Q1.
• Adjusted net income reached $607 million, up from $528 million.
• Earnings per share: $42.36 GAAP, $44.78 adjusted (vs. $34.47 and $37.79 in Q1).
• Net interest income increased to $1.70 billion; NIM held steady at 3.26%.
• Deposits grew 1.5% to $159.94 billion.
• Loan balances were mostly flat at $141.27 billion, with declines in SVB Commercial offsetting growth in other segments.
• Provision for credit losses dropped to $115 million (from $154M), with net charge-offs declining to 0.33%.
• Capital return: $613 million in stock repurchases during Q2; new $4B buyback plan announced following near-completion of the prior $3.5B program.
• Capital ratios remain strong; CET1 at 12.12%.
• Liquidity rose to $63.62 billion.

CEO Frank Holding emphasized continued earnings strength, prudent capital management, and the appointment of Diane Morais to the Board.

Additionally, the Board of Directors of has declared the following dividends on the company's common and preferred stock, in each case to be paid on September 15, 2025, to holders of record as of August 29, 2025:

A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.

A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.

A dividend of $21.617758 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.

A regular quarterly dividend of $0.351563 per share on the company's 5.625% non-cumulative perpetual preferred stock, Series C.

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Global Finance News 07-28-25

First Citizens BancShares Reports First Quarter 2025 Earnings

First Citizens BancShares reported net income of $483 million for Q1 2025, down from $700 million in the previous quarter. Net income available to common stockholders was $468 million, or $34.47 per share. The decline was primarily due to a $132 million increase in income tax expense. Pretax income fell to $651 million from $736 million.

Adjusted net income was $528 million, or $37.79 per share, down from $643 million, or $45.10 per share, in the prior quarter. The quarter included $42 million in acquisition-related expenses and $15 million in intangible asset amortization.

Net interest income totaled $1.66 billion, down $46 million, driven by declines in loan yields and deposit balances at banks. Net interest margin declined to 3.26% from 3.32%, with the margin excluding purchase accounting accretion at 3.12%.

Noninterest income fell $64 million to $635 million. Adjusted noninterest income declined by $37 million, mostly due to lower other income and asset write-downs. Noninterest expense was $1.49 billion, down $24 million, while adjusted noninterest expense rose $9 million.

Loans increased 3.3% annualized to $141.36 billion, driven by growth in the Commercial and SVB segments. Deposits rose by $4.1 billion to $159.33 billion, led by growth in the Direct Bank and Branch Network.

The provision for credit losses was $154 million, nearly flat from the prior quarter. Net charge-offs declined to $144 million. The allowance for loan losses stood at $1.68 billion, or 1.19% of total loans.

The bank repurchased $613 million of its stock and paid a $1.95 per share dividend. Capital ratios remain strong, with CET1 at 12.81% and total risk-based capital at 15.23%. Liquidity increased to $62.79 billion.

First Citizens expressed confidence in its capital position and long-term prospects, despite macroeconomic uncertainties.

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WS Investor 04-24-25

First Citizens BancShares Terminates FDIC Shared-Loss Agreement Tied to Silicon Valley Bridge Bank Acquisition

First Citizens BancShares, Inc. has announced the early termination of a key agreement with the Federal Deposit Insurance Corporation (FDIC) that was established during the acquisition of certain assets from Silicon Valley Bridge Bank, N.A. in March 2023.

The original shared-loss agreement, which covered approximately $60 billion in loans, provided for loss reimbursement by the FDIC only after First-Citizens Bank & Trust Company incurred more than $5 billion in losses on covered assets. The FDIC would then share 50% of any excess losses, and First Citizens would return 50% of any recoveries. However, due to a determination that losses would likely remain below the threshold, the agreement has now been officially terminated as of April 7, 2025.

With this move, all associated obligations and reporting requirements under the agreement have ended. The bank emphasized that there are no outstanding payments due between the parties under the terminated agreement.

Importantly, the termination does not affect the $35.99 billion Purchase Money Note that was issued in connection with the acquisition, which remains active and continues to bear interest at 3.50% per annum until its scheduled maturity in March 2028. Provisions related to this note were preserved in the termination process.

The bank cited operational simplification and reduced administrative burden as key factors in its decision, signaling confidence in the stability of the acquired assets.

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ME NEWS 04-08-25

First Citizens BancShares, Inc. Announces $1.25 Billion Notes Offering
Raleigh, NC – March 12, 2025 – First Citizens BancShares, Inc. (Nasdaq: FCNCA) announced the successful issuance and sale of $1.25 billion in senior and subordinated notes in a public offering.

Key Details of the Offering:
$500 million aggregate principal amount of 5.231% Fixed-to-Floating Rate Senior Notes due 2031
$750 million aggregate principal amount of 6.254% Fixed-to-Fixed Rate Subordinated Notes due 2040
Offered under a registration statement filed with the Securities and Exchange Commission (SEC)
The issuance was completed through Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, acting as lead underwriters. The notes were issued under existing indentures with U.S. Bank Trust Company, National Association as the trustee.

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ME NEWS 03-13-25

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