First Citizens BancShares Inc (Delaware)

F:FC6A

Business Description

Sector

Financials

Industry

Banking

Headquarters

United States of America US

Employees

18 009

IPO date

Oct 22, 1986

First Citizens BancShares is a bank holding company that runs First-Citizens Bank and Trust and related financial businesses. It takes in deposits, makes loans, and offers everyday banking products such as checking and savings accounts, business banking, mortgages, equipment loans, and other credit services. Its main customers are consumers, small and mid-sized businesses, and commercial borrowers that need a lender with local service and a broad set of banking products.

The company makes most of its money from the spread between what it earns on loans and investments and what it pays out on deposits, along with fees from banking services. It also earns income from treasury management, wealth-related services, and other client banking activities. Like other banks, it depends on trust, underwriting discipline, and deposit relationships rather than on selling a physical product.

What makes First Citizens different is its role as a relationship-focused regional bank with a mix of personal, business, and specialty lending. It serves customers who want a bank that can handle both day-to-day accounts and larger credit needs, including commercial finance and other niche lending areas. That gives it a place in the banking system as both a traditional deposit bank and a lender for more specialized financing needs.