Reports Q3 CET1 capital ratio 11.65%. Chairman and CEO Frank Holding, Jr. said: “We delivered solid return metrics in the third quarter as all of our operating segments achieved loan and deposit growth, led by SVB Commercial. Capital and liquidity positions remained strong, enabling us to return an additional $900 million of capital to our stockholders during the quarter through share repurchases as we completed the 2024 plan and commenced repurchases under the 2025 plan. We are excited about our recently announced acquisition of 138 BMO Bank branches which will expand our footprint and enhance our liquidity position to support strategic initiatives.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCNCA:
- FCNCA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- First Citizens BancShares to Acquire 138 BMO Branches
- Bank of Montreal to sell 138 branches to First Citizens
- First Citizens price target lowered to $2,100 from $2,350 at Raymond James
- First Citizens price target lowered to $2,000 from $2,240 at Truist