Previous close | 21.30 |
Open | 21.26 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 21.20 - 21.26 |
52-week range | 18.69 - 23.03 |
Volume | |
Avg. volume | 28,845 |
Market cap | N/A |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 0.37 |
EPS (TTM) | 57.47 |
Earnings date | N/A |
Forward dividend & yield | 1.34 (6.34%) |
Ex-dividend date | 28 Feb 2024 |
1y target est | N/A |
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of failed Silicon Valley Bank (SVB) last year. The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year. SVB's failure triggered the biggest banking crisis in 15 years and prompted government rescue efforts.
(Reuters) -First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of failed Silicon Valley Bank (SVB) last year. The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year. SVB's failure triggered the biggest banking crisis in 15 years and prompted government rescue efforts.
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of Silicon Valley Bank (SVB) last year. The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year after a deposit flight spiraled out of control and led to the biggest banking crisis in 15 years. Since SVB's collapse, banking giants including JPMorgan Chase and HSBC have tried to beef up their businesses catering to startups and venture capital firms.