First Citizens BancShares

Full-service bank offering loans and investments

First Citizens BancShares

Full-service bank offering loans and investments

Overview

First Citizens BancShares operates First Citizens Bank, offering a full range of financial services for individuals and businesses. Its products include checking and savings accounts, credit cards, mortgages and auto loans, personal loans, online and mobile banking, wealth management and investment services, insurance, and small business banking. The core product set is accessed via online and mobile platforms, branch networks, and ATM access, with features like online statements, bill pay, direct deposit, and rewards programs. The bank positions itself through a broad suite of banking and financial services tailored to different customer segments such as personal, business, and wealth customers, emphasizing integrated banking experience and customer support. Overall, the goal is to help customers manage money, borrow for major needs (homes, vehicles, education), invest for future goals, and protect their financial security through a range of financial products and advisory services.

Work here?Claim your company

About First Citizens BancShares

Simplify's Rating

Why First Citizens BancShares is rated

B-

Rated B on Competitive Edge

Rated B on Growth Potential

Rated C on Differentiation

Industries

Financial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Raleigh, NC

Founded

1898

Get referred to First Citizens BancShares

See people who can refer or advise you

Simplify's take

What believers are saying

Second-quarter 2026 net income rose to $672 million, up from $534 million.
Management repurchased $600 million of stock in July 2026, signaling capital confidence.
The BMO acquisition added roughly $5 billion in deposits and $650 million in loans.

What critics are saying

The $300 million Series F preferred adds a fixed dividend burden until 2031.
The BMO branch conversion exposes First Citizens to integration risk across 138 locations.
A persistent securities-fraud investigation following January 2026 results threatens management credibility.

What makes First Citizens BancShares unique

First Citizens Bank now spans 600+ branches after the September 2026 BMO deal.
It combines commercial banking, equipment finance, wealth, insurance, and mortgage products.
Management keeps buying deposits and loans while maintaining strong capital and liquidity.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$1.4B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!

Post IPO Equity Funding Comparison Coming Soon

Benefits

Hybrid Work Options

Stock Price

Growth & Insights and Company News

6 month growth

-2%

1 year growth

-2%

2 year growth

DevCuration

Nov 3rd, 2026

Asian Tech Week asks What AI investors will carry into 2027.

Asian Tech Week asks What AI investors will carry into 2027. AI capital can move quickly while the proof investors need moves much more slowly. Beyond the AI Hype: What Investors Are Actually Betting On in 2027 brings both clocks into one New York conversation. The Asian will present the event as part of Asian Tech Week NYC, in partnership with First Citizens Bank. It runs November 19, 2026, from 6 to 8 p.m. EST at 11 W 42nd St in Manhattan. Ravi Shah of IA Capital and Michelle Kwok of Draper VC will join Edward Chiu, founder of Ren Health, for a discussion moderated by Simon Keyes, managing director at First Citizens Innovation Banking. The panel is designed to move past AI as a single investment category and toward the operating evidence that can distinguish a durable opportunity from a crowded narrative. That puts founders and investors on opposite sides of the same question. Founders need to explain why their advantage can survive the next model release. Investors need to decide which parts of the company remain defensible when infrastructure costs, distribution channels and buyer expectations keep changing. The event page lists The Asian, Sneha Saigal, Naimeesha, Tejas Jain and Pam Kavalam among the hosts. Register through the official event page and confirm availability before attending.

PR Newswire

Nov 3rd, 2026

AvAir closes $170M revolving credit facilities with six banks to fuel growth

AvAir, an aviation aftermarket inventory firm based in Chandler, Arizona, has closed $170 million in new revolving credit facilities with six banks. The lenders are HSBC Bank USA, Crédit Agricole Corporate and Investment Bank, First Citizens Bank, Western Alliance Bank, Flagstar Bank, and Sunflower Bank. The company will use the money for working capital, inventory purchases, acquisitions, and general corporate purposes. The deal follows AvAir's acquisition of Full Stop Technics, a Milwaukee-based wheel and brake repair provider certified by the FAA and EASA. Full Stop keeps its brand and serves as a captive service provider for AvAir's wheel and brake exchange program. "This financing positions us to pursue our growth strategy with confidence," said chief executive officer Mike Bianco.

Kalkine Media

Oct 29th, 2026

Globant secures $300M term loan and $550M revolving credit facility maturing in 2031

Globant S.A. and its US subsidiary, Globant, LLC, have amended their credit agreement to add a $300 million term loan and a $550 million revolving credit facility. Both mature on October 29, 2031. The amendment, filed on October 29, 2026, makes Globant S.A. an additional borrower. The company used cash on hand and revolving loan borrowings to refinance part of its existing term loan debt. Nine lenders back the term loan, led by HSBC Bank USA. Interest is set at SOFR plus 1.00% to 1.875%, or the Alternate Base Rate plus 0% to 0.875%. The agreement allows increases of up to $350 million, plus additional amounts, if the net leverage ratio stays at or below 3.00:1.00. Borrowers must keep an interest coverage ratio of at least 3.50:1.00.

Dorchester Bay Economic Development Corporation

Oct 28th, 2026

First Citizens Bank invests $1M in Dorchester Bay loan fund for Boston small businesses

First Citizens Bank has invested $1 million in the Dorchester Bay Neighborhood Loan Fund, the lending arm of Dorchester Bay Economic Development Corporation (DBEDC). It also gave a $30,000 Community Reinvestment Act grant. The Equity Equivalent Investment will help DBEDC finance small businesses in Dorchester, Roxbury, Mattapan, and nearby Boston neighborhoods. The money will fund working capital, equipment, and expansion, such as a second location or a renovated storefront. The Loan Fund has deployed more than $9 million in financing so far. "First Citizens' commitment is the kind of capital that turns existing demand into jobs, ownership and wealth that stays local," said Kimberly R. Lyle, chief executive officer of DBEDC.

PR Newswire

Oct 28th, 2026

First Citizens Bank opens 62,000 sq ft downtown Santa Monica office for 100+ associates

First Citizens Bank has opened a new banking office and branch at 1540 2nd Street in downtown Santa Monica, California. The renovated property brings its commercial, innovation, fund, consumer, wealth, and small business banking teams together. The three-story, 62,000 square foot building sits a few blocks from the Santa Monica Pier. It has a retail branch on the ground floor, workspace for more than 100 associates, and event space for clients and the community. The bank occupies most of the building and has two retail tenants. The bank's Silicon Valley Bank division, recently rebranded as First Citizens Innovation Banking and First Citizens Fund Banking, will serve local technology and healthcare companies, and venture capital and private equity firms, from the site. "We're excited to offer our full suite of banking capabilities under one roof," said Katie Halliday, area executive.

Recently Posted Jobs