First Citizens BancShares Inc (Delaware) (OQ:FCNCA)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4300 Six Forks Rd RALEIGH NC 27609-5718 |
| Tel: | N/A |
| Website: | https://ir.firstcitizens.com |
| IR: | See website |
| Key People | ||
| Frank B. Holding Chairman of the Board, Chief Executive Officer of the Company and FCB | Jeffery L. Ward Chief Strategy Officer of the Company and FCB | Peter M. Bristow Director, President of the Company and FCB |
| Hope Holding Bryant Vice Chairwoman of the Board of the Company and FCB | Craig L. Nix Chief Financial Officer of the Company and FCB | Gregory L. Smith Chief Information & Operating Officer of the Company and FCB |
| Lorie K. Rupp Chief Risk Officer of the Company and FCB | Matthew G. T. Martin Chief Counsel, Corporate Secretary of the Company and FCB; Senior Vice President of FCB | West Ludwig Chief Human Resource Officer, Executive Vice President and Assistant Secretary of FCB | Randolph Martin Chief Credit Officer - General Bank of the Company and FCB; Executive Vice President & Assistant Secretary of FCB |
| Business Overview |
| First Citizens BancShares, Inc. is a holding company of First-Citizens Bank & Trust Company. The Company has four segments. General Banking segment delivers products and services to consumers and businesses through its network of branches and various digital channels. Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services, primarily to small and middle market companies in a range of industries, including energy, healthcare, tech media and telecom, asset-backed lending, capital finance, maritime, corporate banking, aerospace and defense, and sponsor finance. Silicon Valley Banking segment offers products and services to commercial clients in key innovation markets, such as the healthcare and technology industries, as well as to private equity and venture capital firms. Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers. |
| Financial Overview |
| For the three months ended 31 March 2024, First Citizens BancShares Inc (Delaware) interest income increased from $1.21B to $3.08B. Net interest income after loan loss provision increased from $67M to $1.75B. Net income applicable to common stockholders decreased 92% to $716M. Net interest income after loan loss provision reflects Silicon Valley Banking segment increase from $65M to $524M, General Banking segment increase of 21% to $663M. |
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