NEW YORK, May 14, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy ("Apex") battery energy storage projects in Texas. One project, Great Kiskadee Storage, is a 100MW/200MWh battery energy storage system owned by SA Grid Solutions (a joint venture of Apex, SK Gas, and SK Eternix) and under construction in Hidalgo County, Texas. The other, Angelo Stora ...

As a sign of stabilization in US venture capital, findings show long-term tailwinds behind climate tech SAN FRANCISCO , May 14, 2024 /PRNewswire/ -- With 88% of global carbon emissions now covered by a net-zero goal, climate tech has outperformed and investors remain committed to the sector, according to a new report from Silicon Valley Bank (SVB), a division of First Citizens Bank. While overall venture capital (VC) fundraising and deal activity in 2023 saw a 24% decline from 2021, climate tech is only 14% ...

RALEIGH, N.C., May 9, 2024 /PRNewswire/ -- First Citizens Bank today announced a $25,000 donation to support community relief efforts in areas devastated by the tornadoes that recently ripped through the Midwest. The donation will assist the Omaha Community Foundation in partnering with nonprofits to help impacted individuals, families and businesses across Nebraska with their immediate and long-term needs. First Citizens Bank associates present the company's $25,000 donation to the Omaha Community Foundati ...

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 March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registrant as ...

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

财务数据和关键指标变化 - 公司在第一季度实现每股收益52.92美元,调整后的指标优于预期,净收益同比增长约14% [7] - 公司的收益指标强劲,体现了行业领先的净利差、50%的调整后效率比率以及较低的净核销率 [8] 各条业务线数据和关键指标变化 - 公司所有业务部门包括SVB商业部门在内的贷款在本季度均实现增长 [8] - 公司的流动性和资本状况因核心存款和收益增长而有所增强 [8] 各个市场数据和关键指标变化 - 风险投资融资在2023年达到2017年以来的最低水平,这一趋势延续至第一季度,但仍有大量未动用资金 [11][12] - 尽管当前环境充满挑战,但公司看好即将上市的公司数量创纪录,一旦IPO市场完全重新开放,这些公司将有望退出 [12] 公司战略和发展方向及行业竞争 - 公司在过去一年成功专注于SVB整合、监管准备、战略重点和财务表现 [7] - 公司正在加强监管合规能力,包括扩大风险管理、建立专门的监管整改团队、增强监管事务团队等 [15] - 公司正在投资发展财富管理业务,将SVB Private和First Citizens Wealth整合为一个领导团队,提升客户服务 [16][17] 管理层对经营环境和未来前景的评论 - 尽管当前环境存在不确定性,但公司将继续保护和增长客户关系、稳定SVB业务、增加核心存款和贷款、加强资产负债表 [19] - 公司对未来机遇充满信心,因为有坚实的财务状况和专业的员工团队 [19] 问答环节重要的提问和回答 问题1 **Chris McGratty 提问** 公司如何看待现金水平和证券投资组合的变化,以应对可能持续较高的利率环境 [70][71] **Craig Nix 回答** 公司目前现金占比较高,约15%,未来将逐步降至10%-15%,并将继续增加投资组合规模,预计全年将增加30-40亿美元 [71][72][73] 问题2 **Brian Foran 提问** 公司对未来资本管理的计划和目标是什么 [78][79][82][83][84] **Craig Nix 回答** 公司计划在未来两年内将CET1资本充足率管理至10.5%左右的水平,未来不会有大幅调整,具体计划还需等待监管反馈 [79][82][83][84] 问题3 **Steven Alexopoulos 提问** 在VC投资疲软的背景下,公司如何维持SVB业务的存款稳定 [92][93][97] **Mark 回答** 公司在第一季度获得了新的存款流入,尽管客户现金消耗和流失仍在持续,但公司在争取新客户和挽回流失客户方面取得了进展,对未来保持乐观 [97][98]

For the quarter ended March 2024, First Citizens BancShares (FCNCA) reported revenue of $2.44 billion, up 90.2% over the same period last year. EPS came in at $52.92, compared to $20.09 in the year-ago quarter. The reported revenue represents a surprise of +6.08% over the Zacks Consensus Estimate of $2.3 billion. With the consensus EPS estimate being $44.27, the EPS surprise was +19.54%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a solid first quarter on Thursday (April 25) marked by an optimistic take on consumer spending. The company reported a substantial net income jump of $731 million for Q1, up from $514 million in Q4 2023. This growth in net income reflects a robust increase in adjusted net income as well, with figures reaching $784 million compare ...

First Citizens BancShares (FCNCA) came out with quarterly earnings of $52.92 per share, beating the Zacks Consensus Estimate of $44.27 per share. This compares to earnings of $20.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 19.54%. A quarter ago, it was expected that this bank would post earnings of $48.49 per share when it actually produced earnings of $46.58, delivering a surprise of -3.94%. Over the last four quarter ...