First Citizens BancShares, Inc. First Quarter 2024 Earnings Conference Call April 25, 2024 2 Agenda Pages Section I – First Quarter Overview & Strategic Priorities 5 – 12 Section II – First Quarter 2024 Financial Results 13 – 33 Financial Highlights 14 – 15 Earnings Highlights 16 Net interest income, margin and betas 17 – 19 Noninterest income and expense 20 – 21 Balance Sheet Highlights 22 Loans and Leases 23 – 24 Deposits and Funding Mix 25 – 27 Credit Quality Trends and Allowance 28 – 32 Capital 33 Secti ...

Dollars in millions, except per share data Three Months Ended Summary Financial Data & Key Metrics March 31, 2024 December 31, 2023 March 31, 2023 Results of Operations: Net interest income $ 1,817 $ 1,911 $ 850 Provision for credit losses 64 249 783 Net interest income after provision for credit losses 1,753 1,662 67 Noninterest income 627 543 10,259 Noninterest expense 1,376 1,492 855 Income before income taxes 1,004 713 9,471 Income tax expense (benefit) 273 199 (47) Net income 731 514 9,518 Preferred st ...

公司业绩 - BancShares报告了2024年第一季度的收益[1] - 当前季度净收入为7.31亿美元，较上一季度增长了217百万美元[3] - 调整后的净收入为7.84亿美元，较上一季度增长了91百万美元[4] CEO表态 - CEO Frank B. Holding, Jr.表示对第一季度的表现感到满意，强调了贷款和存款增长以及信贷质量的稳定[2] 财务数据 - 净利息收入为18.2亿美元，较上一季度减少了9400万美元，主要是由于利息支出增加和利息收入减少[9] - 非利息收入为6.27亿美元，较上一季度增加了8400万美元，主要是由于收购收益减少[13] - 非利息支出为13.8亿美元，较上一季度减少了1.16亿美元，主要是由于收购相关费用减少[15] 资产和负债 - 贷款和租赁总额为1,353.7亿美元，较2023年底增长了20.7亿美元，主要是由于一般银行和商业银行部门的增长[17] - 总投资证券为3,504亿美元，较2023年底增加了505亿美元，主要是由于购买短期美国国债和美国机构抵押贷款支持证券[18] - 存款为1,496.1亿美元，较2023年底增加了37.6亿美元，主要是由于直接银行和一般银行部门的增长[20] 其他信息 - BancShares在当前季度对其业务部门进行了整合，以更好地对齐SVB部门和直接银行的组成部分[7] - 预备金为6.43亿美元，较2023年底增加了1.5亿美元，主要是由于现金和现金等价物的增加[29]

JACKSONVILLE, Fla., April 23, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an attached parking garage will be leased to a joint venture between Baptist Health South Florida and Lifepoint Health. The facility will focus on acute rehabilitation of conditions resulting ...

JACKSONVILLE, Fla., April 18, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center. The Ventana is a 122,000-square-foot Class A medical office facility in Tarzana, California, a suburban section of the San Fernando Valley region of Los Angeles. It is co-anchored by Cedars Sinai Medical Center and Providence Health System-Southern C ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Sty ...

Zacks排名系统 - Zacks专注于基于盈利预期和预期修订的排名系统，寻找获胜股票[1] 价值投资策略 - 价值投资是一种被广泛喜爱的投资策略，寻找被市场低估的公司[2] First Citizens BancShares (FCNCA)股票分析 - FCNCA是备受关注的股票，目前具有2（买入）的Zacks排名和价值方面的A级评分[4] - FCNCA的P/B比率为1.14，较行业平均值1.66低，显示公司的市值与账面价值之间的关系[5] - FCNCA的P/S比率为1.06，较行业平均值1.76低，显示公司的股价与销售额之间的关系[6] - FCNCA的关键指标显示该股票可能被低估，结合盈利前景，看起来是一只令人印象深刻的价值股[7]

RALEIGH, N.C., April 3, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2024, before the U.S. financial markets open on Thursday, April 25, 2024. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern Time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-regist ...

HERNDON, Va., April 2, 2024 /PRNewswire/ -- HawkEye 360, a leading provider of space-based RF data and analytics, announced it had secured $40 million in debt financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, to further its mission of delivering advanced geospatial capabilities. Over the past 12 months, HawkEye 360 has raised $108 million across its Series D-1 round and this debt financing, which has underscored the support and confidence from investors and lenders regarding its b ...

收购交易 - First Citizens BancShares, Inc. (FCNCA)将收购Silicon Valley Bank的子公司SVB Global Services India LLP[1] - FCNCA将获得SVB Global Services India LLP的全部合作伙伴权益[2] - FCNCA收购交易需获得美国纽约南区破产法院和印度监管机构批准[2] 公司收购情况 - SVB Financial Group去年破产，FCNCA接管了SVB的资产、存款和贷款[3] - HSBC Holdings收购了Silicon Valley Bank的英国业务，推动了公司在技术和生命科学领域服务能力的增强[4] 银行收购情况 - Signature Bank和First Republic Bank在去年的美国区域银行危机中倒闭，分别被NYCB和JPMorgan收购[5] - NYCB因商业房地产暴露而陷入困境，虽然采取了风险管理措施，但效果尚不明确[6] - JPMorgan通过收购First Republic Bank获得了巨大收益，净收入同比增长32%[7] 公司业绩 - FCNCA在收购Silicon Valley Bank后表现良好，保持强劲的资本和流动性状况[8] - FCNCA自2008年金融危机以来成功整合了近20家失败银行，继续通过收购扩张业务[9] - 过去一年，FCNCA股价上涨167.9%，远远超过行业的涨幅[10]