Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank is one of the largest family-controlled banks in the U.S., with offices in 19 states. Drawing from over a century of experience serving the needs of business customers, First Citizens focuses on developing long-term relationships and offers a comprehensive array of products and services to help small businesses manage their finances and grow. First Citizens Bank is a major subsidiary of First Citizens BancShares Inc., which has over $48 billion in assets.

Company profile
Ticker
FCNCA, FCNCB, FCNCO, FCNCP
Exchange
Website
CEO
Jeffrey Agee
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
First-Citizens Bank & Trust Company • First Citizens Housing Development, LLC ...
IRS number
561528994
FCNCA stock data
Press releases
CIT Closes $75 Million Factoring Facility with Consumer Products Wholesaler
11 Aug 22
CIT Increases Lending Facility for Fashion Company to $100 Million
3 Aug 22
CIT Serves as Sole Lead Arranger of Financing for Swell Energy's Commercial Behind-The-Meter Energy Storage Projects
2 Aug 22
CIT Provides Acquisition Financing for Apartment Complex in Florida
1 Aug 22
First Citizens BancShares Declares Dividends
28 Jul 22
Calendar
5 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 22 | Bryant Hope Holding | Class A Common Stock | Gift | Acquire G | Yes | No | 0 | 9,400 | 0 | 63,334 |
28 Jun 22 | Bryant Hope Holding | Class A Common Stock | Gift | Dispose G | Yes | No | 0 | 28,200 | 0 | 0 |
22 Jun 22 | Bryant Hope Holding | Class B Common Stock | Gift | Acquire G | Yes | No | 0 | 25,400 | 0 | 33,833 |
22 Jun 22 | Bryant Hope Holding | Class B Common Stock | Gift | Dispose G | Yes | No | 0 | 76,200 | 0 | 0 |
22 Jun 22 | Bryant Hope Holding | Class A Common Stock | Gift | Acquire G | Yes | No | 0 | 23,900 | 0 | 53,934 |
22 Jun 22 | Bryant Hope Holding | Class A Common Stock | Gift | Dispose G | Yes | No | 0 | 71,700 | 0 | 0 |
10 Jun 22 | Frank B Holding JR | Class B Common Stock | Buy | Acquire P | Yes | No | 631.5 | 155 | 97.88K | 1,689 |
10 Jun 22 | Frank B Holding JR | Class B Common Stock | Buy | Acquire P | Yes | No | 626 | 70 | 43.82K | 2,392 |
10 Jun 22 | Frank B Holding JR | Class B Common Stock | Buy | Acquire P | No | No | 630 | 254 | 160.02K | 92,212 |
3 Jun 22 | Frank B Holding JR | Class B Common Stock | Acquire L | No | No | 630 | 9 | 5.67K | 91,958 |
Financial report summary
?Management Discussion
- •NII for the three months ended June 30, 2022 was $700 million, an increase of $51 million compared to the first quarter of 2022. The increase was primarily due to the impact of higher yields on loans, investment securities and overnight investments, the debt redemption in the first quarter and strong loan growth, partially offset by a decline in SBA-PPP income and slightly higher interest-bearing deposit costs.
- ◦Interest income earned on loans and leases for the three months ended June 30, 2022 was $655 million, an increase of $34 million compared to the first quarter of 2022. The increase was primarily due to higher yields and growth in the average loans and leases balance from $64.1 billion in the previous quarter to $65.3 billion in the current quarter. The increase was partially offset by a decline in SBA-PPP interest income.
- ◦Interest income earned on investment securities for the three months ended June 30, 2022 was $89 million, an increase of $6 million compared to the first quarter of 2022. The increase was primarily due to higher reinvestment rates and lower prepayments and premium amortization on our mortgage-backed investment security portfolio.
Content analysis
?Positive | ||
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Readability |
H.S. freshman Bad
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New words:
ago, aircraft, backfill, bond, bring, broad, center, combat, commentary, complimentary, disbursed, enhanced, Fed, footnote, highlight, inflationary, middle, mild, negotiated, nonsufficient, permanent, prejudice, provisional, recession, repaid, retiree, Rule, rulemaking, runoff, safe, stipulation, twelve, upward, weigh
Removed:
acceptance, actively, coupled, payroll, processing, wholly
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
28 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Results of Operations and Financial Condition
28 Apr 22
8-K
Regulation FD Disclosure
24 Mar 22
8-K/A
Consolidated Financial Statements as of
18 Mar 22
8-K
First Citizens Bancshares Reports Earnings for Fourth Quarter and Full Year 2021
26 Jan 22
8-K
First Citizens Bank Announces Redemption of
24 Jan 22
8-K
First Citizens Completes Merger
4 Jan 22
8-K
First Citizens, Cit Announce Receipt
20 Dec 21
8-K
First Citizens Bancshares Reports Earnings for Third Quarter 2021
27 Oct 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Jan 22
8-A12B
Registration of securities on exchange
3 Jan 22
425
Business combination disclosure
29 Jan 21
425
Business combination disclosure
27 Jan 21
425
Business combination disclosure
15 Jan 21
425
Business combination disclosure
4 Jan 21
424B3
Prospectus supplement
23 Dec 20
S-4/A
Registration of securities issued in business combination transactions (amended)
21 Dec 20
425
Business combination disclosure
7 Dec 20
425
Business combination disclosure
25 Nov 20
Proxies
DEFA14A
Additional proxy soliciting materials
9 Mar 22
DEFA14A
Additional proxy soliciting materials
10 Mar 21
DEFA14A
Additional proxy soliciting materials
14 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Feb 20
DEFA14A
Additional proxy soliciting materials
11 Mar 19
DEF 14A
Definitive proxy
11 Mar 18
Other
CERT
Certification of approval for exchange listing
3 Jan 22
EFFECT
Notice of effectiveness
28 Dec 20
CORRESP
Correspondence with SEC
20 Dec 20
UPLOAD
Letter from SEC
22 Nov 20
CERT
Certification of approval for exchange listing
12 Mar 20
UPLOAD
Letter from SEC
18 May 17
CORRESP
Correspondence with SEC
17 May 17
UPLOAD
Letter from SEC
8 May 17
EFFECT
Notice of effectiveness
6 Aug 14
UPLOAD
Letter from SEC
27 May 14
Ownership
4
FIRST CITIZENS BANCSHARES / Claire H Bristow ownership change
29 Jul 22
4
FIRST CITIZENS BANCSHARES / PETER M BRISTOW ownership change
29 Jul 22
4
FIRST CITIZENS BANCSHARES / HOPE HOLDING BRYANT ownership change
15 Jul 22
4
FIRST CITIZENS BANCSHARES / HOPE HOLDING BRYANT ownership change
15 Jul 22
4
FIRST CITIZENS BANCSHARES / FRANK B HOLDING JR ownership change
14 Jun 22
SC 13G
FIRST CITIZENS BANCSHARES / BlackRock ownership change
9 Jun 22
4
FIRST CITIZENS BANCSHARES / Carson H Brice ownership change
7 Jun 22
4
FIRST CITIZENS BANCSHARES / HOPE HOLDING BRYANT ownership change
7 Jun 22
4
FIRST CITIZENS BANCSHARES / PETER M BRISTOW ownership change
7 Jun 22
4
FIRST CITIZENS BANCSHARES / Claire H Bristow ownership change
7 Jun 22
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
26 Jan 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q2
Earnings call transcript
1 Aug 20
Reddit threads
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - May 27th, 2022
27 May 22
Daily Discussion Thread - May 26th, 2022
26 May 22
Daily Discussion Thread - May 25th, 2022
25 May 22
Daily Discussion Thread - May 24th, 2022
24 May 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22