UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 Indicate by check mark whether the registrant (1) has fi ...

As we enter one of the most tumultuous weeks of 2024, the familiar drumbeat of election-year predictions has reached a fever pitch.From Florida, where hurricanes have already made this a stormy year, the view of the national landscape reveals a stark contrast between perception and reality.While internet pundits promise everything from democratic salvation to impending doom, the actual economic indicators tell a more nuanced story.Here's the truth – and two stocks set to profit from it.Despite dire predicti ...

Financing provided by SVB's Enterprise Software Group SAN FRANCISCO, Oct. 31, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure.Provided by SVB's Enterprise Software Group, the new fina ...

RALEIGH, N.C., Oct. 28, 2024 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank, today published new results from its "Beyond Wealth" study that offer fresh insights about affluent business owners. Key findings include: A bare majority (52%) of affluent business owners say they know exactly how much their business is worth. And a large share of those (44%) aren't confident in that assessment. Less than half of affluent business owners (47%) say they have a plan for ...

财务数据和关键指标变化 - 第三季度调整后的每股收益为45.87美元，净利息收益率（NIM）为3.53% [3][7] - 调整后的股本回报率（ROE）为11.94%，调整后的资产回报率（ROA）为1.22% [7] - 头条净利息收入略有下降，主要由于较低的增值收入和较高的存款成本 [7][19] 各条业务线数据和关键指标变化 - 全球基金银行（GFB）贷款减少，主要由于还款水平超过新贷款发放和提款活动 [4][13] - 一般银行和商业银行分别实现中高个位数的年化增长 [4][13] - 铁路业务的盈利能力保持良好，铁路车厢数量增加，利用率稳定 [8] 各个市场数据和关键指标变化 - 存款增长0.3%，主要来自分支网络的增长 [14] - SVB商业部门的存款增长54百万美元，显示出该部门的稳定性 [14] - 由于现金消耗和大型存款的流失，SVB商业部门的存款面临一定压力 [17][39] 公司战略和发展方向和行业竞争 - 公司计划在2024年和2025年继续进行股票回购，预计将管理CET1资本比率至10.5%至11%之间 [15][50] - 公司将继续专注于风险管理和技术能力的投资，以支持可持续增长 [9][23] - 在创新经济领域，公司保持竞争优势，继续吸引新客户 [14][45] 管理层对经营环境和未来前景的评论 - 管理层对未来贷款和存款增长持谨慎乐观态度，预计随着市场复苏，贷款和存款将会增长 [16][46] - 预计第四季度的净利息收入将出现低至中个位数的下降 [18] - 对于信贷损失，预计将保持在第三季度的水平，主要集中在商业银行的特定投资组合 [21] 其他重要信息 - 公司在第三季度回购超过350,000股A类普通股，总价约为7亿美元 [5][6] - 由于飓风的影响，公司在灾后恢复中积极支持受影响的客户和社区 [6] 问答环节所有提问和回答 问题: 关于SVB的贷款和存款增长的前景 - 管理层认为，随着市场复苏，贷款和存款将会增长，低利率预期可能成为增长的催化剂 [25][26] - SVB的贷款平均余额在第三季度有所上升，尽管期末贷款有所下降 [26] 问题: 关于净利息收入的指导 - 管理层预计，随着短期贷款的偿还，增值收入将继续下降，第四季度的增值收入预计为9000万美元 [28][29] 问题: 关于SVB的客户增长情况 - 管理层表示，尽管面临市场挑战，SVB仍在继续吸引新客户 [32] 问题: 关于股票回购的进展 - 管理层预计，股票回购的速度将在年底保持稳定，明年将略有放缓 [34] 问题: 关于浮动利率贷款的暴露 - 在总贷款组合中，约64%为浮动利率贷款，36%为固定利率贷款 [35][36]

For the quarter ended September 2024, First Citizens BancShares (FCNCA) reported revenue of $2.45 billion, down 6.1% over the same period last year. EPS came in at $45.87, compared to $55.92 in the year-ago quarter.The reported revenue represents a surprise of +3.79% over the Zacks Consensus Estimate of $2.36 billion. With the consensus EPS estimate being $47.94, the EPS surprise was -4.32%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...

First Citizens BancShares (FCNCA) came out with quarterly earnings of $45.87 per share, missing the Zacks Consensus Estimate of $47.94 per share. This compares to earnings of $55.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.32%. A quarter ago, it was expected that this bank would post earnings of $44.91 per share when it actually produced earnings of $50.87, delivering a surprise of 13.27%.Over the last four quarters, ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------|-------|----------------------|----------------|-----------------------------|--------------------|-------|----------------|-----------------------|------------------------------| | Dollars in millions, except per share data \nSummary Financial Data & Key Metrics \nResults of Operations: | | September 30, 2024 | ...

2024 report highlights Fintech founders diligently improving bottom line in 2024 despite investments dropping 91% since peak in 2021SAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- While fintech companies face significant headwinds – from high interest rates to increasing regulatory oversight – they are also finding opportunity in 2024, according to the latest Future of Fintech Report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Venture capital (VC) investment remains muted, hovering near ...

In its upcoming report, First Citizens BancShares (FCNCA) is predicted by Wall Street analysts to post quarterly earnings of $47.94 per share, reflecting a decline of 14.3% compared to the same period last year. Revenues are forecasted to be $2.36 billion, representing a year-over-year decrease of 9.5%.The current level reflects a downward revision of 4.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...