First Citizens BancShares Inc - Company Profile

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First Citizens BancShares Inc: Segment Analysis

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Business Description

First Citizens Bancshares Inc (First Citizens) is a bank holding company and operates through First-Citizens Bank & Trust Company (FCB), its banking subsidiary. FCB offers a range of financial services including personal banking, business banking, investment, and insurance services.

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Business Segments

Overview

Provides receivable management, factoring, and secured financing to businesses that operate in several industries. Offers leasing, capital markets, lending, asset management and other financial and advisory services primarily to small and middle market companies of several industries. Loans offered are primarily senior secured loans collateralized by inventory, accounts receivable, machinery and equipment, transportation equipment and/or intangibles, and are often used for working capital, plant expansion, acquisitions or recapitalizations. These loans include revolving lines of credit and term loans and, depending on the nature of the collateral, may be referred to as collateral-backed loans, asset-based loans or cash flow loans. Offers senior secured loans to developers and other commercial real estate professionals, and also provides small business loans and leases, such as capital and operating leases, through a highly automated credit approval, documentation and funding process.

Performance

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Overview

Includes items that are not part of other segments.

Performance

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Overview

Offers loans (primarily residential mortgages and business/commercial loans), deposit products, and several fee-based services, wealth management products and services to individuals and institutional clients, including investment advisory, brokerage, and trust services. In addition, it supports cash management, deposit, and lending to homeowner associations and property management companies nationwide. Serves to consumers and businesses through branches and several digital channels.

Performance

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Overview

Provides leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America. Railcar includes covered hopper cars used to ship grain and agricultural products, sand, plastic pellets, and cement; gondolas for steel coil, coal, and mill service products; center beams and flat cars for lumber; open hopper cars for coal and aggregates; tank cars for energy products and chemicals; boxcars for paper and auto parts.

Performance

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Overview

Offers products and services to commercial clients in key innovation markets, such as healthcare and technology industries, as well as private equity and venture capital firms. It provides solutions to the financial needs of commercial clients through credit, treasury management, foreign exchange, trade finance and other services including capital call lines of credit.

Performance

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