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First Citizens BancShares

Stock Price

$1.9 K

2024-10-29

Market Capitalization

$27.3 B

2024-10-29

Revenue

$12.1 B

FY, 2023

First Citizens BancShares Summary

Company Summary

Overview
First Citizens BancShares is the holding company of First-Citizens Bank & Trust Company. It operates through four segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking segment delivers deposit products, loans, and various fee-based services to individuals and businesses, provides wealth management products and services, as well as offers deposit, cash management, and lending to homeowner associations and property management companies. The Commercial Banking segment provides lending, leasing, capital markets and other financial and advisory services, as well as asset-based lending, factoring, receivables management products, and supply chain financing. The Rail segment offers equipment leasing and secured financing to railroads and shippers. The Corporate segment specializes in income on investment securities, income on bank owned life insurance, a portion of interest expense primarily related to brokered deposits and corporate funding costs, mark-to-market adjustments on equity securities and foreign currency hedges, merger-related expenses, intangible assets amortization expenses, as well as certain unallocated interest income and other costs.
Type
Public
Status
Active
Founded
1898
HQ
Raleigh, NC, US | view all locations
Website
https://ir.firstcitizens.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Peter M. Bristow

    Peter M. Bristow, President, Director

  • Frank B. Holding

    Frank B. Holding, Chairman and CEO

    • Craig L. Nix

      Craig L. Nix, Chief Financial Officer

    • Lorie K. Rupp

      Lorie K. Rupp, Chief Risk Officer

      Operating MetricsView all

      Total Loans

      $22.9B
      10.3%

      Q2, 2017

      Non-performing Loans

      $144M
      9.9%

      Q2, 2017

      Bank Branches

      550
      1.6%

      FY, 2016

      LocationsView all

      1 location detected

      • Raleigh, NC HQ

        United States

        4300 Six Forks Rd

      First Citizens BancShares Financials

      Summary Financials

      Revenue (Q3, 2024)
      $650.0M
      Gross profit (Q3, 2024)
      $591.0M
      Net income (Q3, 2024)
      $639.0M
      Cash (Q3, 2024)
      $862.0M
      Enterprise value
      $63.6B

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