QUOTE AND NEWS
Benzinga  Jun 20  Comment 
Below are the regional-mid-atlantic banks stocks on the NASDAQ in terms of revenue. The trailing-twelve-month revenue at First Niagara Financial Group (NASDAQ: FNFG) is $1.34 billion. First Niagara Financial's EPS for the same period is...
Forbes  Jun 12  Comment 
Topping the list of stocks with abnormal volume in yesterday's trading is First Citizens BancShares,(NASD: FCNCA), with 10.4x normal volume. In the prior session, FCNCA traded 155,300 shares, versus normal volume of about 14,950. First Citizens...
Benzinga  Jan 29  Comment 
The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) today declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable April 1, 2013, to shareholders of record March 18,...
StreetInsider.com  Nov 9  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/First+Citizens+Bancshares+Inc.+%28FCNCA%29+Reports+Q3+EPS+of+%243.85/7863149.html for the full story.
StreetInsider.com  Oct 23  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/First+Citizens+BancShares%2C+Inc.+%28FCNCA%29+Declares+%240.30+Quarterly+Dividend%3B+0.7%25+Yield/7811765.html for the full story.
Globe Newswire  Jul 23  Comment 
RALEIGH, N.C., July 23, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq:FCNCA) today declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable Oct.
Forbes  Jun 12  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 6/14/12, First Citizens BancShares, Inc. (NASD: FCNCA) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 7/2/12. As a percentage of FCNCA's recent stock price...
Globe Newswire  Apr 23  Comment 
RALEIGH, N.C., April 23, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq:FCNCA) today declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable July
Globe Newswire  Jan 23  Comment 
RALEIGH, N.C., Jan. 23, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq:FCNCA) today declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable April
Forbes  Dec 30  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are




 
TOP CONTRIBUTORS

First Citizens BancShares (NYSE: FCNCA) is a bank holding company that operates commercial banking operations in the United States. Its operations are focused on standard commercial banking functions and it operates two banking subsidiaries: First-Citizens Bank & Trust operates branches in the southern and western United States while IronStone Bank operates branches in the southern, southwestern, and western United States. In the wake of the 2008 financial crisis, First Citizens faces unfamiliar challenges as the credit market remains uncertain and it may be affected by Western Union's lawsuit against the Federal Deposit Insurance Corporation (FDIC).

Business Growth

In 2010, net income increased to $193.0 million from $116.3 million in 2009.[1] The primary driver of this increase was increased loan volume through the acquisition of Western Bank and other commercial banks with the assistance and backing of the FDIC. First Citizens intends to continue its expansion through further FDIC-aided acquisitions.[2]

Trends & Forces

Uncertainty in credit market affects lending revenues

FCNCA's primary source of revenue is its lending practice - like any commercial bank, First Citizens pays customers interest on their deposits so that it can lend out their money at a higher rate. The net interest margin metric acts as proxy for the bank's ability to earn interest on its assets. In the midst of credit market uncertainty following the 2008 financial crisis, the company's ability to lend profitably may be reduced and its net interest margin may decrease.

United Western suing FDIC for illegal seizure of assets

United Western, which FCNCA acquired in 2011, is suing the FDIC for illegal seizure of the bank's assets. FCNCA was not explicitly named in the lawsuit even though it now owns United Western - because of the FDIC partially insured FCNCA against losses from UW's assets, the lawsuit's potential impact on the company is uncertain according to management.[3]

Competition

First Citizens competes with other commercial banks in its regions of operation including competing regional banks and national competitors:

FCNCA and its competitors increase revenues and income by increasing their deposit and loan volume. The industry is competitive as companies increase their deposit interest rates while decreasing their loan rates and fees to attract customers.

References

  1. FCNCA 2010 10-K pg. 113  
  2. FCNCA 2010 10-K pg. 19  
  3. FCNCA 2010 10-K pg. 76  
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