CIT Group Inc Preferred Series C (FCNCO)

Money20/20 USA has announced an expanded Startup Hub that will host 1,500 fintech startups, connecting them with investors, banks, and partners. Silicon Valley Bank, a division of First Citizens Bank, is supporting the hub and will feature four of its innovative clients: Alix, Odynn, Sphere Labs, and Highbeam. The event aims to provide emerging companies with access to resources and partnerships to accelerate their growth in the financial services sector.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) has received a consensus "Hold" rating from brokerages, with an average 12-month price target of approximately $2,278. The company recently reported strong quarterly revenues of $2.43 billion, surpassing estimates, and earnings per share also exceeded expectations. Insiders have been buying shares, and institutions hold a significant portion of the company's stock, while First Citizens also declared a quarterly dividend of $2.10 per share.

Empowered Funds LLC significantly reduced its stake in First Citizens BancShares, Inc. by 60.2% in the first quarter, selling 1,211 shares and retaining 802 shares valued at $1.51 million. Despite this, other institutional investors have increased their holdings, and First Citizens BancShares reported strong quarterly earnings, exceeding analyst estimates for both EPS and revenue. The company also declared a quarterly dividend of $2.10 per share, and analysts maintain a consensus "Hold" rating with an average price target of $2,278.31.

First Citizens BancShares, Inc. (FCNCA) is a US regional bank with approximately $237 billion in assets. The bank, headquartered in Raleigh, North Carolina, has a strong presence in the Carolinas and California and is known for acquiring troubled banks. A report from August 4, 2026, indicates that First Citizens expects to finalize its BMO branch acquisition in the third quarter of 2026.

First Citizens Bank is consolidating its factoring, asset-based lending, supply chain finance, international factoring, and receivables purchasing into a new "Working Capital Finance" group. This move aims to provide middle market companies with an expanded suite of financing and treasury solutions to manage cash flow and improve efficiency. The rebranding will officially take place in Q4, with the goal of offering a stronger, more specialized platform for clients.