First Citizens Reports Strong Liquidity a Year After SVB Purchase
FCNCAFirst Citizens BancShares(FCNCA) PYMNTS·2024-04-25 22:01

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 731millionforQ1,upfrom731 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 ...