Retail Commercial Banking & Credit · Advertiser / Brand
First Citizens Bank
US commercial bank serving consumers, businesses and commercial clients.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- First-Citizens Bank & Trust Company
- Entity type
- COMPANY
- Founded
- 1898
- Headquarters
- 4300 Six Forks Road, Raleigh, North Carolina 27609
- Company size
- >5,000
- Market cluster / sector
- Retail Commercial Banking & Credit
- Market role
- Advertiser / Brand
- Ticker
- FCNCA
- Official website
- firstcitizens.com
What First Citizens Bank does
The bank creates value by gathering deposits, extending credit, facilitating payments and providing financial operations tools to consumer and business customers. Its digital banking, cash management, merchant services and investing products deepen customer relationships, increase account activity and improve retention. Revenue is generated through a mix of interest spread economics, transaction fees, service charges and advisory-related fees, with digital tools acting mainly as delivery and retention infrastructure rather than standalone software products.
Category differentiation
This refers to the operating bank, First-Citizens Bank & Trust Company, not the publicly listed holding company First Citizens BancShares, Inc. It is a regulated commercial bank rather than a standalone SaaS, adtech or martech vendor.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
First Citizens Bank is a US commercial bank offering retail banking, business banking, treasury management, merchant acquiring, digital banking and investment-related services. It serves individuals, small businesses, commercial clients and corporate finance teams through branch-based and digital channels. The bank earns revenue primarily from net interest income on loans and deposits, alongside fees from payments, merchant services, treasury management, account services and wealth-related offerings. The institution is part of First Citizens BancShares and has grown materially through acquisition, including CIT Group integration and the 2023 FDIC-assisted acquisition of substantially all loans and deposits of Silicon Valley Bridge Bank. Its product set shows a broad banking model rather than a pure software or fintech play: digital interfaces support account access and financial workflows, but monetisation remains rooted in banking relationships, payment processing and advisory or service fees.
Company news briefing
Briefing updated:
Following its post-acquisition integration phase, First Citizens Bank reported a 26.1% linked-quarter net income increase to $672 million, driven by its diversified General Banking, Commercial Banking, and Rail segments. To support its commercial lending expansion, the bank has also secured a new vendor finance agreement with RBR Enterprise. These updates highlight the group's ongoing focus on maintaining solid capital ratios and growing non-interest revenue streams while managing its expanded commercial operations.
Business model & monetisation
Monetisation is led by traditional banking economics: net interest margin on loans and deposits is the core revenue engine. Secondary revenue comes from account and service fees, treasury management charges, ACH and wire usage fees, merchant acquiring take-rates and payment processing fees, interchange-related economics, and advisory or asset-based fees tied to investment services. Digital banking access is generally bundled into broader account relationships rather than sold as standalone SaaS.
- Net interest income from loans and deposits
- Balance-sheet spread economics
- Treasury and cash management fees
- Service fees and usage-based pricing
- Merchant services and payment processing
- Transaction take-rate and service fees
- Account and banking service charges
- Fee income
- Investment and advisory services
- Advisory fees, asset-based fees and commissions
Products & capabilities
No products with linked sources are available in this view.
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Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
8-K Financial Filing Analysis for First Citizens Bank (2026-10-23)
financials · Recorded impact score: 3.8/5
First Citizens BancShares, Inc. furnished its third-quarter 2026 financial results under Item 2.02 and announced that its Board of Directors authorized a new share repurchase program (the '2027 SRP') under Item 8.01. The newly authorized program permits the bank to repurchase up to $1.2 billion of its Class A common stock across calendar year 2027. Repurchases will be executed at management's discretion via open-market or privately negotiated transactions, including Rule 10b5-1 plans. The authorization reflects sustained capital strength and capital return capacity following prior acquisitions, including the integration of 138 branches acquired from BMO Bank N.A. in September 2026.
- First Citizens BancShares' Board of Directors authorized a new share repurchase program permitting repurchases of up to $1.2 billion of Class A common stock during calendar year 2027.
- The 2027 share repurchase program follows the existing 2025 program (which authorizes Class A buybacks through 2026) and operates at management's discretion via open market transactions, private purchases, or Rule 10b5-1 trading plans.
First Citizens Bank’s Hope Holding Bryant and Perry Bailey Named to American Banker's 2026 Most Powerful Women in Banking Lists
Recorded impact score: 3/5
First Citizens Bank’s Hope Holding Bryant and Perry Bailey Named to American Banker's 2026 Most Powerful Women in Banking Lists; CIT Northbridge Provides $60 Million Facility to Certified Origins, Inc.; First Citizens BancShares, Inc. Announces Date of Third Quarter 2026 Earnings Call.
8-K Financial Filing Analysis for First Citizens Bank (2026-09-14)
financials · Recorded impact score: 3.6/5
First Citizens BancShares, Inc. closed a public offering of 300,000 depositary shares, each representing a 1/100th interest in a share of its newly established 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, on September 14, 2026. The preferred shares carry a liquidation preference of $100,000 per share ($1,000 per depositary share) and rank senior to common stock and on parity with Series A through E preferred stock. Underwritten by Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities, dividends accrue at a fixed annual rate of 7.500% through September 15, 2031, transitioning thereafter to a floating rate equal to the five-year Treasury rate plus 2.894%. The transaction strengthens First Citizens' regulatory capital base and liquidity position.
- First Citizens closed the issuance of 300,000 depositary shares of 7.500% Series F Preferred Stock with a liquidation preference of $100,000 per preferred share ($1,000 per depositary share), representing $300 million in aggregate liquidation value.
- Dividends pay a fixed 7.500% per annum until September 15, 2031, resetting every five years thereafter to the prevailing five-year Treasury rate plus 2.894%.
First Citizens Bank Completes Branch Acquisition, Expanding Presence Across the Midwest, Great Plains and West
Recorded impact score: 4/5
First Citizens Bank announced the completion of its branch acquisition from BMO Bank N.A., expanding its presence across the Midwest, Great Plains, and West. The bank also provided a $70 million credit facility to a premier packaging company via CIT Northbridge.
8-K Financial Filing Analysis for First Citizens Bank (2026-09-08)
financials · Recorded impact score: 3.9/5
On September 8, 2026, First Citizens BancShares, Inc. reported that its primary banking subsidiary, First-Citizens Bank & Trust Company, finalized the acquisition of 138 bank branches from BMO Bank N.A., effective September 4, 2026. The acquired branches span across key U.S. geographic areas including the Midwest, Great Plains, and Western regions. This transaction marks a significant physical footprint expansion, strengthening First Citizens' regional deposit franchise, commercial reach, and customer base across underserved and growing domestic banking markets.
- Completed the acquisition of 138 branches from BMO Bank N.A. effective September 4, 2026.
- Acquired branch footprint spans the Midwest, Great Plains, and Western regions of the United States.
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Questions about First Citizens Bank
What is First Citizens Bank?
First Citizens Bank is a US commercial bank offering consumer banking, business banking, treasury management, merchant services and investment-related products.
Who uses First Citizens Bank?
Its customers include retail consumers, small businesses, merchants, commercial banking clients and corporate finance teams.
How does First Citizens Bank make money?
It makes money mainly from net interest income on loans and deposits, plus fees from payments, merchant services, treasury management, account services and investment offerings.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
18 publicly documented primary sources and citations linked across the market graph.
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