Company
First Citizens BancShares, Inc.
Headquarters: Raleigh, NC, United States
Founded: 1898
Employees: 6,578
CEO: Mr. Frank Brown Holding Jr.
Market Cap
$24.44 Billion
USD as of July 1, 2024
First Citizens BancShares, Inc. Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Company Description
First Citizens BancShares, holding company for First-Citizens Bank & Trust Company, offers retail and commercial banking services to individuals, businesses, and professionals, with various deposit products, commercial and consumer loans, treasury and cardholder services, wealth management, investment products, and insurance.
Top Competitors by Market Capitalization
Industry: Banks—Regional
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| HDFC Bank | $169.00 B |
| China Merchants Bank | $115.76 B |
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| Al Rajhi Banking and Investment Corp | $84.87 B |
| DBS Group Holdings Ltd | $79.57 B |
Sector:
| Company | Market Cap (USD) |
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| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2021, it operated 529 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.
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Stocks & Indices
First Citizens BancShares, Inc. has the following listings and related stock indices.
Stock: NASDAQ: FCNCA wb_incandescent
Stock: FSX: FC6A wb_incandescent
Stock: OTC: FCNCB wb_incandescent
Stock: OTC: FIZN wb_incandescent
Product & Services
Commercial bankInvestment bank
Key People
Frank B. Holding Jr., CEO & Chairperson
Financials
Net income: US$457 million (2019)
Total assets: US$37.161 billion (2019)
Total equity: US$3.586 billion (2019)